Soota: 'MindTree has a great leadership team at its helm'

By: Mitu Jayashankar/ Forbes India

Ashok Soota, co-founder of IT firm MindTree talks about the reasons for his sudden exit and his relationship with others in the company.

Q.1  Based on our research, we have heard that there was a difference of opinion between you and the rest of the founders on the board on the investment strategy for the company. One, we've picked up the view that some founders felt that the acquisitions done by the company had taken up a lot of bandwidth and had taken the focus away from the core service business.

I would say that we have had healthy debates which are important for the growth of any company. Over the past 11 years, we have created an organisation with strong values; the highest standards of governance; a total commitment to integrity; a publicly acknowledged a great place to work; an admired knowledge enterprise with high levels of customer satisfaction. We have delivered great returns to our stakeholders and this would not have been possible without proper deliberation on our company strategy.  Acquisitions have contributed only 20 percent of MindTree