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Mindtree rejigs its business

Mindtree, the mid-cap information technology (IT)product and services firm, hit by a series of bad news recently, seems set to get back on track. The Bangalore-based company has revamped itself as it aims to simplify its business structure and focus on being a specialist in certain areas.

“The discussion has been going on over the past two to three months. After our restructuring in 2008, this will perhaps be one of the largest and significant rejigs. This is also a part of the directional strategy the company will take as it steps into the new financial year. One of the key elements of this rejig has been to chose segments that we do not want to be in,” said Krishnakumar Natarajan MindTree chief executive officer and managing director.