Chairman-elect Subroto Bagchi told CNBC-TV18 that another round of managerial and organisational changes will happen in the first quarter of FY13.
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 April 17, 2015, Mindtree closed at Rs 1295.55, down Rs 95.7, or 6.88 percent. The 52-week high of the share was Rs 1589.10 and the 52-week low was Rs 649.20.
The company's trailing 12-month (TTM) EPS was at Rs 63.76 per share as per the quarter ended March 2015. The stock's price-to-earnings (P/E) ratio was 20.32. The latest book value of the company is Rs 210.67 per share. At current value, the price-to-book value of the company is 6.15.
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