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Mindtree to enter toll-software market

MindTree Ltd, which plans to enter the $1-billion club by around 2015 or 2016, is keen on getting more revenues in the future from its product-engineering business. One of the ways in which it is trying to diversify is by getting into areas like highway toll.

“According to the National Highways Authority of India, the market for toll solutions was Rs 3,000 crore in 2010 and is likely to go up by four times in the next four years. We aim to capture around 15 per cent to 20 per cent of this market,” Mr Vinod Deshmukh, President and Chief Executive Officer, Research and Development Services, MindTree Ltd, told Business Line while launching MindTree's automatic traffic counting and classification system.