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Mindtree ranked 45th among the IAOP Global Outsourcing 100

MindTree Ltd., a global IT Solutions Company, today announced that it has been ranked 45th and also adjudged a Leader in The 2009 Global Outsourcing 100 List by the International Association of Outsourcing Professionals (IAOP).

Among a diverse set of outsourcing companies worldwide, MindTree was selected by an independent panel of industry-recognized leaders based on multiple measurement criteria such as customer satisfaction levels, employee management, executive leadership, differentiated service offerings, recognitions, size, revenue, and depth of competencies, among others.

In addition to its overall ranking of 45th on the Top 100 List, MindTree was also recognized among the best outsourcing service providers in many sub-categories, including:

  • The 'Best 5 Companies by Industry Focus' in the Automotive segment
  • The 'Best 10 Leaders by Industry Focus' for its wide range of Services and differentiated offerings
  • The 'Best 10 Leaders by Service Offered' in the Research & Development (R&D) segment
  • The 'Best 15 Leaders by Industry Focus' in the Financial Services (Insurance) sector

Last year, MindTree was ranked 54th and was also named one of the "20 best companies by services offered" in the category of product research, development and manufacture. This year's ranking is further evidence of MindTree's leadership position in the global outsourcing market.

"We are pleased to be recognized among the leaders in the global outsourcing space," said MindTree CEO and Managing Director Krishnakumar Natarajan. "Since MindTree's inception, we have always nurtured a vision to be among the top globally admired companies, and our ranking on the Top 100 List reflects our progression towards this goal and our commitment to serve customers through a unique value proposition."

IAOP brings together the world's leading outsourcing customers, providers and advisors in a powerful, active and growing global association to exchange thought leadership, share best practices and network to maximize their effectiveness at using outsourcing as a management tool.

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