Mindtree named major contender in Everest Group PEAK Matrix for IoT Supply Chain SolutionsEverest Group positioned Mindtree as a Major Contender in terms of market impact and vision and capability
Mindtree earns AI and Machine Learning on Microsoft Azure Advanced SpecializationPartners with the AI and Machine Learning on Microsoft Azure advanced specialization can give organizations the tools and knowledge to develop AI solutions on their terms
Mindtree expands relationship with ServiceNowMindtree will build industry solutions to help enterprises turn data from their IoT infrastructure into actionable business workflows
Mindtree gets data analytics partner specialization in google cloud partner advantage programThis specialization highlights Mindtree's expertise and success in leveraging analytics for business insights using Google Cloud Platform technology
Mindtree earns analytics on Microsoft Azure Advanced SpecializationThese partners can help customers better integrate endlessly scalable analytics platforms into their businesses
Mindtree partners with Duck Creek to improve customer experience for UPC Insurance customersUPC Insurance is a premier specialty underwriter of catastrophe exposed property insurance in the coastal U.S. for personal and commercial properties
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Mindtree is a digital transformation and information technology solution provider to domestic and global companies with a market capitalisation of USD 10.83 billion. In 1999, a few industry professionals started Mindtree Consulting in Bengaluru. In 2000, they received the first round of investment of Rs 196 million through a subscription of equity shares by LSO investment. In 2005, Mindtree acquired 100% shares of Linc Software Services Private Limited, a company engaged in developing business applications, maintenance of Enterprise Resource Planning (ERP), and web development.
Mindtree is structured to provide solutions primarily into four main verticals, namely
- Retail CPG and Manufacturing (RCM)
- Banking Financial Services and Insurance (BFSI)
- Technology Media and Services (TMS)
- Travel and Hospitality (TH)
It became a listed company in Bombay Stock Exchange and National Stock Exchange in 2006. In 2012, Mindtree opened its first US delivery centre in Gainesville, Florida. It now caters to more than 2000 corporations worldwide and employs a team size of 27,256 IT professionals. They have a presence in 24 countries, represented through 44 offices.
Mindtree, in 2010, partnered successfully with the government of India for the Aadhaar project - one of the world’s most significant data implementation and citizen identification programs.
Company financials and performance
- Mindtree reported a 57.2% rise in second-quarter net profit to Rs 398.9 crore. In FY21, the same quarter, the company’s profit was Rs 253.7 crore.
- Consolidated revenue for the same quarter rose by 34.27% to Rs 2,586.2 crore against Rs 1,926 crore last year.
- The company’s revenue rose by 12.7% from Q1 FY22 to Q2 FY22.
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