Consolidated financial statements

Independent auditor's report to the Board of directors of Mindtree limited

We have audited the accompanying consolidated financial statements of Mindtree Limited ('Mindtree' or 'the Company') and its subsidiaries (collectively called 'the Mindtree Group'), which comprise the consolidated balance sheet as at March 31, 2013, the consolidated statement of profit and loss and consolidated cash flows statement for the year then ended, and a summary of significant accounting policies and other explanatory information.

Management's Responsibility for the Consolidated Financial Statements

Management is responsible for the preparation of these consolidated financial statements that give a true and fair view of the consolidated financial position, consolidated financial performance and consolidated cash flows of the Group in accordance with accounting principles generally accepted in India. This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of the consolidated financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.

Auditor's Responsibility

Our responsibility is to express an opinion on these consolidated financial statements based on our audit. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated financial statements. The procedures selected depend on the auditor's judgement, including the assessment of the risks of material misstatement of the consolidated financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Company's preparation and presentation of the consolidated financial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Opinion

In our opinion and to the best of our information and according to the explanations given to us, the consolidated financial statements give a true and fair view in conformity with the accounting principles generally accepted in India:

  • in the case of the consolidated balance sheet, of the state of affairs of the Mindtree Group as at March 31, 2013;
  • in the case of the consolidated statement of profit and loss, of the profit for the year ended on that date; and
  • in the case of the consolidated cash flow statement, of the cash flows for the year ended on that date.

For B S R & Co.
Chartered Accountants
Firm registration No.
101248W

Supreet Sachdev
Partner
Membership No. 205385

Bangalore
April 22, 2013

Consolidated balance sheet

Consolidated balance sheet

Significant accounting policies and notes to the accounts 2 & 3

The notes referred to above form an integral part of the financial statements

As per our report of even date attached

For Mindtree Limited

For B S R & Co.
Chartered Accountants
Firm registration No.
101248W
Subroto Bagchi
Chairman
N. Krishnakumar
CEO & Managing Director
Supreet Sachdev
Partner
Membership No. 205385
Rostow Ravanan
Chief Financial Officer
Rajesh Srichand Narang
Company Secretary
Place: Bangalore Date :
April 22, 2013
Place: Bangalore
Date : April 22, 2013
 

Consolidated statement of profit and loss

Profit and loss consolidated statement

Significant accounting policies and notes to the accounts 2 & 3

The notes referred to above form an integral part of the financial statements

As per our report of even date attached

For Mindtree Limited

For B S R & Co.
Chartered Accountants
Firm registration No.
101248W
Subroto Bagchi
Chairman
N. Krishnakumar
CEO & Managing Director
Supreet Sachdev
Partner
Membership No. 205385
Rostow Ravanan
Chief Financial Officer
Rajesh Srichand Narang
Company Secretary
Place: Bangalore
Date : April 22, 2013
Place: Bangalore
Date : April 22, 2013
 

Consolidated cash flow statement

Consolidated cash flow statement

The notes referred to above form an integral part of the financial statements

As per our report of even date attached

For Mindtree Limited

For B S R & Co.
Chartered Accountants
Firm registration No.
101248W
Subroto Bagchi
Chairman
N. Krishnakumar
CEO & Managing Director
Supreet Sachdev
Partner
Membership No. 205385
Rostow Ravanan
Chief Financial Officer
Rajesh Srichand Narang
Company Secretary
Place:Bangalore
Date :April 22, 2013
Place:Bangalore
Date :April 22, 2013