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Mindtree > Company History > Computers - Software > Company History of Mindtree - BSE: 532819, NSE: MINDTREE


BSE: 532819|NSE: MINDTREE|ISIN: INE018I01017|SECTOR: Computers - Software
Jun 18, 16:00
-11.45 (-1.14%)
VOLUME 40,809
Jun 18, 15:59
-10.6 (-1.06%)
VOLUME 641,852
Company History - Mindtree
We were incorporated as MindTree Consulting Private Limited on August
 1999 by a group of ten individual promoters of which three of them
 through an entity incorporated in Mauritius. 
 In January 2000, an investment of Rs. 169 million was made by way of
 subscription to Equity Shares of our Company in our first round of
 funding by 
 LSO Investment (P) Limited, a Promoter company promoted by three of
 Promoters, and Walden Software Investments Limited (managed by Walden
 International), Amalgamated Holdings Limited and Vaitarna Holdings
 Limited. Shares held by Amalgamated Holdings and Vaitarna Holdings
 Limited were transferred to Global Technology Ventures Limited by
 meeting held on April 25, 2000.
 In August 2001, Capital International Global Emerging Markets Private
 Fund LP, Global Technology Ventures Limited and certain of our
 invested a further Rs. 590 million in our Company in a second round
 of funding 
 by subscribing to convertible preference shares of our Company. 
 In October 2001, Franklin Templeton Holding Limited invested a sum of
 Rs 75.5 
 million into our Company by subscribing to our preference shares.
 AIG Offshore Systems Service Inc., one of our clients also subscribed
 to Equity 
 Shares and warrants in our Company. 
 We are structured into two business units that focus on software
  IT Services and R&D Services. We have clients that range from
 Fortune 10 
 companies to enterprise software organizations. We have offices
 across USA, 
 United Kingdom, Germany, Switzerland, United Arab Emirates, India,
 Australia and Japan.
 Key Events and Milestones
 Date                       Event
 October 2006        Signed a letter of intent for expansion of
 facilities in the SEZ 
                                 in Chennai.
 September 2006    Land acquired in Bhubaneshwar for expansion of
 July 2006               Development centre launched in Chennai.
 June 2005             Acquisition of Linc Software Services Private
 February 2005       West Campus development center opened in
 September 2004    Acquisition of the software division of ASAP and
 January 2004         Execution of contract with AIG Offshore Systems
 Service Inc. 
                               for supply of IT Services.
 October 2001        Investment by Franklin Templeton Holding
 December 2001    Commencement of IT outsourcing partnership with
                               Information Technology.
 August 2001          Investment by Global Technology Ventures
 Limited, Walden 
                               Software Investments Limited and
 Capital International Global 
                               Emerging Markets Private Equity Fund LP
 in second round of 
 January 2000         Investment by Walden Software Investments
 Limited, Amalgamated 
                               Holdings Limited and Vaitarna Holdings
 Private Limited in first round 
 August 1999          Formation of MindTree with two customers and
 commitment of funding 
                               of US.5 million at its inception.
 - Mindtree Consulting Limited has informed that Ms. Usha T N, is
 appointed as Company Secretary of the Company w.e.f. 23rd July, 2007
 in terms of section 383A and is also appointed as Compliance
 -MindTree Ltd has appointed Mr. Janakiraman S as Additional Director
 of the Company by the Board of Directors at their Meeting held on
 July 16, 2008.
 - MindTree Ltd has appointed Professor David B Yoffie as Additional
 Non-Executive Director of the Company with effect from December 01,
 2008. Prof. David B Yoffie would hold the status of an Independent
 Director on the Board of the Company.
 - Company name has been changed from MindTree Consulting Ltd to
 MindTree Ltd.
 - Mindtree Limited has appointed Mr. Rajesh S Narang has been
 appointed as Company Secretary of MindTree Limited with effect from
 14th July, 2009 and holds the responsibilities as enumerated under
 clause 47 of the Listing Agreement. Ms. Usha T N ceased to be the
 Company Secretary and will hold the position of Compliance Officer of
 the Company.
 --Registered Office of the Company has been shifted to Global
 Village, RVCE Post, Mysore Road, Bangalore - 560059
 - MindTree has signed a pact with Carlyle Group, one of the world's
 largest private equity firms. MindTree will provide IT infrastructure
 management and support services for Carlyle's global data centres.
 They would monitor and manage all of Carlyle's IT production servers
 at Carlyle's data centres in the US, the UK and Hong Kong, as well as
 its disaster recovery data centre in Virginia. MindTree will also
 monitor and manage file servers located in Carlyle offices throughout
 the world, as well as other classes of hardware and applications.
 - Mindtree Ltd, the IT solutions firm, bagged a contract from
 governments Unique Identification Project (UID) for application
 development and maintenance services.
 - MindTree Ltd launches Security Services to Help Businesses Solidify
 and Execute Their Security and Compliance Strategies.
 - MindTree Ltd - MindTree Launches Contract Pricing Framework.
 - MindTree Ltd - MindTree Expands RUBIC Family of Business Int.
 - MindTree Ltd - MindTree Recognized Among Top 10 Outsourcing.
 - MindTree Ltd has informed BSE regarding a Press Release titled
 MindTree's Assist Technologies Program wins a Manthan Awards South
 Asia 2010.
 - MindTree Ltd has informed BSE regarding a Press Release dated March
 23, 2011 titled Mindtree teams up with R V College of Engineering
 (RVCE) to take Industry Closer to Academia.
 - MindTree Ltd has informed BSE regarding a Press Release dated
 January 26, 2012 titled MindTree Kalinga commences project activity
 with One Earth ceremony.
 - MindTree Ltd has informed BSE regarding a Press Release dated March
 07, 2012 titled MindTree Wins Prestigious Corporate Governance
 - Mindtree and KPN join Hands to build Cloud Services Aggregation
 - Investors give thumbs-up to MindTree on better-than-expected.
 - MindTree Ltd - MindTree ranked among the top 5 global R&D services
 - MindTree Ltd has informed BSE regarding a Press Release dated
 November 13, 2012 titled Governor Rick Scott attends the Grand
 Opening of Mindtree Limiteds first U.S. Delivery Center.
 -Mindtree wins Gainesville Chamber Business of the Year award for its
 Innovative Practices.
 -MindTree bags corporate governance award from World Finance and
 -Mindtree wins corporate governance awards for the second consecutive
 -Mindtree ranked among the top global product engineering service
 providers by Zinnov research and analysis
 -Mindtree launches Gladius- a video management software for advanced
 -Mindtree to introduce new practices for testing in a connected
 -Mindtree and SAP announce first Managed Mobility Offering in
 -Mindtree expands leadership team in DACH region
 -Mindtree opens a new US delivery center in Redmond, Washington
 -I Got Garbage (IGG) - The technology platform for waste management
 is now open for Bangalore citizens
 -ING Vysya selects Mindtree as a strategic digital partner
 -Mindtree Helps LAPIS Semiconductor Launch Next Generation Bluetooth
 Smart Chips
 -MindTree has announces bonus in the ratio of 1:1
 -Mindtree Enables Next Generation Bluetooth Low Energy Chips at
 -Mindtree Named a Top 10 Outsourcing Service Provider in EMEA by ISG
 -MindTree completes acquisition of Relational Solutions Inc
 -flydubai selects Mindtree as a strategic technology partner
 -MindTree enters into strategic partnership with flydubai
 -Mindtree selected by Molnlycke Health Care for SAP Application
 -Mindtree Launches Global Learning & Software Delivery Center
 -Mindtree named in the leadership zone in Zinnovs Global Product
 Engineering Service Provider Ratings
 - Mindtree to acquire Magnet 360, a Salesforce Platinum Consulting
 - The Company  issue of Bonus Shares to the holders of Equity Share/s
 of the Company in the ratio of 1:1 (i.e., one Bonus Equity Share of
 Rs. 10/- each, for every one fully paid up Equity Share of Rs. 10/-
 each held).
 - Mindtree signs service integration capabilities agreement with
 - MindTree concludes acquisition of Magnet 360
 - Mindtree launches IPv6 Stack for Bluetooth Smart
 - Mindtree launches next-gen managed services framework
 - - Mindtree Launches US Network Operations Center
 - Mindtree Recognized as a Global Leader in Digital Services by
 - Mindtree Recognized by Independent Research Firm as a Continuous
 Testing Service Provider Leader
 - Mindtree Recognized as Leader in Application Development and
 Maintenance Services by ISG
 - Mindtree Opens U.S.-Based Digital Pumpkin
 - Mindtree Announces Elevation to Business Partner Status in the
 Adobe Solution Partner Program
 - Mindtree takes ETA MELCO Elevator Co. L.L.C , live on SAP S/4HANA
 - Mindtree Announces Integrated Services for Creating Efficient IT
 - Mindtrees ATLAS for SAP to Accelerate Transition to SAP
 HANA-Powered Digital Platforms
 - Automation Complements In-Store Human Assistance for Next Level of
 Shopping Experience across Age and Gender
 - Mindtree wins Sitecore Experience Award for 2016 in Marketing
 Agility category
 - Mindtree positioned in Leadership Zone for Publishing, Broadcasting
 and Education in Zinnov Zones 2016  Media & Technology
 - Mindtree (Relational Solutions), has been included in the Market
 Guide for Trade Promotion Management and Optimization for the
 Consumer Goods Industry by Gartner
Source : Dion Global Solutions Limited
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