MindTree geared up for further mgmt changes in Q1FY13

Chairman-elect Subroto Bagchi told CNBC-TV18 that another round of managerial and organisational changes will happen in the first quarter of FY13.
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Mar 20, 2012, 10.53 AM | Source: CNBC-TV18

MindTree geared up for further mgmt changes in Q1FY13

Chairman-elect Subroto Bagchi told CNBC-TV18 that another round of managerial and organisational changes will happen in the first quarter of FY13.

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MindTree geared up for further mgmt changes in Q1FY13

Chairman-elect Subroto Bagchi told CNBC-TV18 that another round of managerial and organisational changes will happen in the first quarter of FY13.

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Subroto Bagchi, Chairman, Mindtree
It's been less than a month since MindTree rejigged its top management. But the mid-cap IT company doesn't seem to be finished yet. Chairman-elect Subroto Bagchi told CNBC-TV18 that another round of managerial and organisational changes will happen in the first quarter of FY13.

“We expect for a lot of long-acting changes for MindTree, not just tomorrow, not just day after, but on a continuous basis,” he said.

He says that one must look at changes that impact the brand, the leadership and infrastructure creation of the company. “We should look at changes that will actually help us from being a culture-led organisation to one which is expertise-led, but culture backed,” he said.

Mindtree stock price

On May 26, 2016, Mindtree closed at Rs 664.35, up Rs 13.95, or 2.14 percent. The 52-week high of the share was Rs 1607.00 and the 52-week low was Rs 601.25.


The company's trailing 12-month (TTM) EPS was at Rs 36.04 per share as per the quarter ended March 2016. The stock's price-to-earnings (P/E) ratio was 18.43. The latest book value of the company is Rs 119.83 per share. At current value, the price-to-book value of the company is 5.54.

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MindTree geared up for further mgmt changes in Q1FY13

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