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Mindtree among top 10 OPD service providers: Global Services 100

May 5, 2009 - Bangalore, INDIA

MindTree Ltd., a global IT Solutions Company, today announced that it has been named among the top 10 global Outsourced Product Development (OPD) service providers for 2009 by Global Services and neoIT in their Global Services 100 study. This recognition, based on multiple evaluation criteria such as depth and breadth of offerings, size, customer base, skills, innovation, etc., strongly testifies MindTree's leadership position in the global OPD market.

The study, in its fifth year, recognizes the top 100 IT and BPO service providers, covering a wide range of services from IT Application Services and Product Development to Quality Engineering and Infrastructure Services, Finance and Accounting Outsourcing (FAO). MindTree was selected as one of the winners in the OPD category for its domain expertise, differentiated service offerings and world class solutions, high profile customer base and revenue growth rate, among other key factors.

MindTree's CEO - OPD, Ashok Krishnamoorthy said, "We are pleased to be recognized among the top 10 OPD service providers across the globe. We believe that our expertise in leading-edge technologies, strong focus on product development and quality engineering, and our ability to build successful partnerships, provide our customers tremendous benefits of time-to-market, engineering productivity and scale."

MindTree's OPD business unit provides software engineering services to software product companies globally. With over 2,100-plus products developed and tested so far, it has helped several global software companies ship some of their most complex software products. MindTree provides full lifecycle product engineering, independent testing, professional services and sustained engineering services to companies that build enterprise application products, software tools and platforms, and portals and web products.

"The Global Services 100 is like an index of globalization in the services industry. This year's list comprises companies headquartered in 19 countries, with customer locations in over 30 countries, and service delivery locations in 31 countries. A company that figures in this list bears testimony to the fact that it can serve global customers from multiple locations," said Ed Nair, Editor, Global Services.

For an overview of MindTree's OPD service offerings, please visit http://www.mindtree.com/outsourced-product-development/.

Safe Harbor

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause our actual results to differ materially from those in such forward-looking statements. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

About Mindtree

MindTree Ltd. is a global IT Solutions Company specializing in IT Services, Independent Testing, Infrastructure Management and Technical Support (IMTS), Knowledge Services and Product Engineering, which comprises of R&D Services and Outsourced Product Development. MindTree partners with its clients to create a transparent, value-based relationship. Our people build innovative solutions in a wide range of technology domains that enable our customers to succeed in their business goals.

MindTree was named among the Top 30 offshore service providers by the International Association of Outsourcing Professionals and Fortune Magazine. Widely known for its focus on human capital development, MindTree has been consistently rated among the most admired employers by several industry surveys, including Great Places To Work Institute, Hewitt Associates and Mercer. MindTree was ranked No. 1 among the Most Admired Knowledge Enterprise (MAKE) India Award winners for the second consecutive year in 2008. MindTree is the winner of the National Award for Excellence in Corporate Governance in India in 2007-08. The Company is publicly listed in India. Please visit us at www.mindtree.com.

Visit us at www.mindtree.com. For more information, contact:

Ashwini Rajeswara
MindTree Limited
91-80-67061000
ashwini_rajeswara@mindtree.com

Jay Russo
LVA Communications
860-739-5598
jay@lva.com