Mindtree Ltd
Mindtree Ltd (MINDTREE)

Mindtree Ltd (MINDTREE)

₹2899.851.9%

Key Stats

₹2850
Day's Price Range
₹2925.05
₹2075.4
52-Week Price Range
₹5060
1 Month Return-23.86 %
3 Month Return-25.06 %
1 Year Return35.89 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 5
28.88
EPS
Rank 3
₹100.32
BVPS
Rank 3
₹332.15
Dividend Yield
Rank 4
1.2%
ROE
Rank 3
29.71%
Price To Book Ratio
Rank 5
8.72
Debt To Asset
Rank 6
0.34

Company Information

Mindtree Limited is an international Information Technology consulting and implementation company that delivers business solutions through global software development. The company is structured into four industry verticals Retail CPG and Manufacturing RCM Banking Financial Services and Insurance BFSI Technology Media and Services TMS and Travel and Hospitality TH. The Company offers services in the areas of agile analytics and information management application development and maintenance business process management business technology consulting cloud digital business independent testing infrastructure management services mobility product engineering and SAP services. The Company is has its registered office at Bengaluru Karnataka India and has offices in India United States of America USA United Kingdom Japan Singapore Malaysia Australia Germany Switzerland Sweden South Africa UAE Netherlands Canada Belgium France Ireland Poland and Republic of China.Mindtree was incorporated on 5th August 1999 as MindTree Consulting Private Limited. It was promoted by 10 industry professionals who came from Cambridge Technology Partners Lucent Technologies and Wipro. In January of the year 2000 an investment of Rs. 169 million was made by way of subscription to Equity Shares of the company in first round of funding by LSO Investment P Limited a Promoter company promoted by three of the Promoters and Walden Software Investments Limited managed by Walden International Amalgamated Holdings Limited and Vaitarna Holdings Private Limited. After a year in 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 funding. In December of the same year 2001 the company had commenced IT outsourcing partnership with Volvo Information Technology. MindTree assessed as a People Capability Maturity Model PCMM Level 5 company in year of 2003 and following year in 2004 the company assessed as a CMMi Level 5 company. MindTree had executed a contract with AIG Offshore Systems Service Inc in January of the year 2004 for supply of IT Services. During September of the identical year 2004 the company had acquired the software division of ASAP Solutions Private Limited and Arachno Solutions Private Limited ARPSL. West Campus development center of the company was opened in February of the year 2005 at Bangalore. In June of the same year 2005 MindTree had acquired 100 share capital of Linc Software Services Private Limited which engaged in the business of application development and maintenance Enterprise Resource Planning ERP product support and web development. During the year 2006 in July the development centre of the company was launched in Chennai. The Companys status was changed from private limited to a public limited in September of the year 2006. The Company obtained fresh certificate of incorporation consequent on change of name as MindTree Consulting Limited in November 2006. In December of the same year 2006 the company had signed a Memorandum of Understanding MoU for expansion of facilities in the Special Economic Zone SEZ at Chennai. In February 2007 the company came out with Initial Public Offerings with 5593300 Equity Shares. MindTree was declared the Number 1 Most Admired Knowledge Enterprise in India during the same year 2007 by Teleos in association with the KNOW Network. The Company made its strategic alliance with Borland Software India Private Limited in June 2007 to launch stateoftheart Centre of Excellence CoE in India and in November of the same year signed a definitive agreement to acquire 100 of the equity in TESPV Electronic Solutions Private Limited Purple Vision the Indiabased fullyowned subsidiary of TES Electronic Solutions SA. MindTree received the BML Munjal Award adjudged the best Indian private sector company in the area of Learning and Development in February of the year 2008. The Companys name was changed from MindTree Consulting Ltd to MindTree Ltd in April of the year 2008 consequently the company also made changes to its visual identity. The Company had opened its own development center MindTree Coromandel at Chennai in June of the year 2008. In September of the same year 2008 the company established a Testing Center of Excellence CoE in partnership with Hewlett Packard HP for HPs quality and performance testing tools.In 2008 Mindtree acquired 3.64 crore equity shares of Aztecsoft Limited Aztec for a consideration of Rs 291.95 crore. Consequent to the acquisition of these shares Aztec became a subsidiary of the company.In 2010 Mindtree successfully partnered with Government of India for the AADHAAR project one of the worlds largest big data implementation and citizen identification program. In 2012 Mindtree unveiled new brand identity with slogan Welcome to possible.Mindtree crossed half a billion dollars in revenues USD 100 million in operating profits and INR 100 of EPS during the year ended 31 March 2014.On 29 April 2014 Mindtree announced expansion of its US operations by opening its newest delivery center in Redmond Washington. The state of art facility will focus on building talent and delivering cutting edge solutions in the areas of Cloud Mobility Infrastructure Management and Testing. The 13000 squarefoot facility located adjacent to Microsofts corporate campus has an initial seating capacity of 125 with room to increase that capacity quickly over time.On 19 January 2015 Mindtree announced that it has entered into definitive agreements to acquire Discoverture Solutions LLC Discoverture a leading provider of insurance solutions based in the US. Discoverture has a strong trackrecord of deploying solutions based on major PC insurance platforms enabling clients to transition to a more modern agile environment. The addition of Discoverture combined with Mindtrees existing range of technology services and consulting combine for a fullsuite of offerings to transform and run a worldclass insurance technology platform.Mindtrees revenue crossed 150 million mark for the first time during the quarter ended 30 June 2015. On 16 July 2015 Mindtree announced that it has signed a definitive agreement to acquire Bluefin Solutions a market leading independent consultancy specializing in SAP HANA. Bluefin has an awardwinning track record helping businesses manage digital transformations across the entire SAP portfolio. Headquartered in the UK Bluefin delivers solutions to some of the worlds most prestigious companies. The acquisition will accelerate Mindtrees ability to help its SAP clients digitize the value chain ensuring there is harmony between the frontend customer experience and backend systems as businesses transition to fully digital organizations. In addition Bluefins strong European client base supports Mindtrees ongoing effort to strengthen its presence in Europe. The partnership also creates an opportunity to expedite Bluefins HANA expertise to the US market by leveraging Mindtrees broad presence.On 16 July 2015 Mindtree announced that it has entered into a definitive agreement to acquire Relational Solutions Inc. a specialized provider of analytics for Consumer Packaged Goods CPG retail execution. Relational Solutions has proven expertise in analytics with solutions for supply chain optimization and trade promotions analytics. Mindtrees experience in delivering large multicountry programs for CPG companies to improve sales execution along with Relational Solutions expertise cements its ability to drive profitable growth using predictive analytics.On 22 September 2015 Mindtree launched a stateoftheart Global Learning Delivery Center at Bhubaneshwar Odisha. The facility named Mindtree Kalinga has been built on a 20acre campus.On 18 January 2016 Mindtree announced that it has signed a definitive agreement to acquire Magnet 360 a Salesforce Platinum consulting partner. Magnet 360 brings strong expertise across Salesforce Sales Service and Marketing Cloud implementations. Combined with Mindtrees established Salesforce practice this acquisition positions the company for leadership in addressing the fastgrowing cloudbased services market. Headquartered in Minneapolis with offices in New York Los Angeles and Chicago Magnet 360 has been a Salesforce partner since 2004.Mindtrees revenue crossed 200 million mark for the first time during the quarter ended 30 June 2017. On 5 December 2017 Mindtree announced that it has opened its first North Americabased network operations center NOC in Scottsdale Arizona to support its growing Infrastructure Management Services business. Based on the successful model of the companys Chennai and Bangalore NOCs Mindtree can provide a broader range of options for clients seeking bestinclass support of IT applications and infrastructure.
OrganisationMindtree Ltd
HeadquartersBangalore
IndustryIT - Software