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Mindtree honored with Asian Most Admired Knowledge Enterprise (MAKE) award

MindTree receives the Asian MAKE Award 2nd year in a row

October 15, 2009 - Bangalore, INDIA: MindTree Ltd., a global IT Solutions company, announced today that it has been awarded the Asian Most Admired Knowledge Enterprise (MAKE) Award by Teleos, in association with The KNOW Network. This was announced at the World Knowledge Forum 2009, in Seoul, South Korea, where the award was presented to MindTree. The MAKE Award recognizes Asian organizations that are leaders in effectively transforming enterprise knowledge into wealth-creating ideas, products and solutions.

A panel of Asian Fortune Global 500 business executives and leading knowledge management and intellectual capital experts found MindTree to be excellent in the area of knowledge management. "We are delighted to once again receive this honor. Integrating Knowledge into our strategy, and also into our day-to-day work, has paid off for MindTree. Knowledge Management is a key part of our recently articulated Vision as well as to help us achieve even higher levels of business innovation," said MindTree Executive Chairman Ashok Soota.

MindTree's Knowledge Management Function enables the organization to harness knowledge and ideas of its people, resulting in innovation, better service delivery and organizational learning. MindTree's approach to Knowledge Management is holistic and focused on building a knowledge ecosystem which MindTree defines as four spaces within which its people interact to create value: physical space, virtual space, social space, and mind space. The key thrust areas of Knowledge Management in MindTree are innovation, collaboration and reuse. This has all been realized by deploying multiple platforms that impact people's behavior, creativity, and productivity.

"We have used knowledge management to impact our customers through better service delivery," said MindTree Vice President and Chief Knowledge Officer Raj Datta. "We have tangibly demonstrated that team-level productivity and innovation are significantly enhanced through a holistic approach to knowledge management."

This is the second year in a row that MindTree has been honored with the Asian MAKE Award, in addition to having received the top ranking in the Indian MAKE Award in 2007 and 2008. MindTree was also the recipient of the NASSCOM Innovation Award 2007 for its knowledge ecosystem.

Teleos, an independent knowledge management and intellectual capital research firm, administers the Most Admired Knowledge Enterprises (MAKE) program. The KNOW Network is a Web-based global community of organizations dedicated to achieving superior performance through benchmarking, networking and best practice knowledge sharing.

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, Software Product Engineering and Next in Mobility (N!Mo). 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 ranked 45th among the leaders in The 2009 Global Outsourcing 100 by the International Association of Outsourcing Professionals. 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
91-80-67064000
ashwini_rajeswara@mindtree.com

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