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Mindtree denies report on Co-founders published in Economic Times on 18.04.11

Bangalore, INDIA, April 18, 2011:

MindTree Limited, a global IT Solutions and Product Engineering Services company today clarified its position on speculation arising from the Economic Times (ET) article dated April 18, 2011 that says Parthasarathy NS, President & CEO, Independent Testing & IMTS and Kalyan Banerjee, Head, Leadership Development will be leaving the organization.Krishnakumar Natarajan, CEO & MD, MindTree Limited said, “The ET article is completely baseless and untrue. With no facts to back or verify their statements that Parthasarathy and Kalyan are contemplating offers from another company, the story is completely false, harsh and misleading. Both of them are MindTree co-founders and are fully committed towards our goal to build a memorable company.”

About Mindtree

MindTree Limited is a global IT and Product Engineering Services Company with deep knowledge in specific domains. MindTree is acknowledged as the best mid-size software services company out of India for its capability to build, test and deploy solutions as much as emphasis on culture, customer centricity and corporate governance. MindTree is ranked No. 1 among the Most Admired Knowledge Enterprise (MAKE) India Award winners in 2010, 13th in NASSCOM’s listing of Top IT Software and Services Exporters in India (excluding BPO). MindTree is ranked 19th amongst IT services companies by IAOP in their annual list of the Top 100 Global Outsourcing Companies. In 2009, MindTree was ranked No. 2 in Asia and declared the overall winner in India in the Asiamoney Corporate Governance Poll. Please visit us at www.mindtree.com

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

Debi Senapati
Mindtree
+91 99805 56784
Debi.senapati@mindtree.com

Anya D ‘Souza
Corporate Voice and Weber Shandwick
anya@corvoshandwick.co.in