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Mindtree strengthens its presence in India, appoints India Business Head

December 17, 2008 - Bangalore, INDIA

The appointment is a significant move towards expanding and strengthening MindTree's footprint in the Indian market.

MindTree Limited, a global IT and R&D services company, today announced the appointment of P.K. Gopalakrishnan as Senior Vice President and Head of its India operations.

In this role, Gopalakrishnan will hold business responsibility for Indian enterprises, defense and government sectors across both IT Services and R&D Services businesses. He would also help in building MindTree's System Integration (SI) capability, which the organization is strongly intent on acquiring along with its existing base of services.

"India has been a key market for us since our inception, and we see it playing an even more important role going forward. Indian enterprises, government and defense establishments offer substantial growth opportunities for us. In fact, they are increasingly looking at partners who can handle large projects for them and provide end-to-end services. In this context, Gopalakrishan, with his rich work experience, will help grow our footprint in the Indian market place immensely," said MindTree Chief Executive Officer (CEO) Krishnakumar Natarajan.

"I am delighted to be taking over the India operations responsibility at MindTree," said Gopalakrishnan. "At a time when the Indian market is at its dynamic best, I see a great opportunity for growth, both in the IT Services and R&D Services segments. MindTree has marquee Indian customers like Hindustan Unilever, Titan, TVS Motors, ICICI Bank and a few state governments. We will leverage our domain experience in different verticals such as manufacturing, banking, financial services, insurance and travel and transportation to bring innovative solutions to our clients."

Gopalakrishnan brings with him 23 years of extensive experience in the industry. Prior to joining MindTree he worked with Wipro, where he was responsible for the Government and Defense industry vertical in India, which contributed $75 million in revenues in 2007-'08.

Gopalakrishnan is an MBA from IIM-Bangalore, and a BTech (Mechanical) from Osmania University.

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 Limited is a global IT and R&D Services Company co-headquartered in the U.S. and India. With a passion for customer satisfaction, MindTree partners with its clients to create a transparent, value-based relationship. Our domain experts deliver business-enabling solutions by leveraging a consulting led, framework-based and IP-driven approach. MindTree's IT Services business provides a range of services to CIOs across a variety of industry segments. Our R&D Services business works with Technology companies to help build innovative products by providing Product Realization services. MindTree has acquired an 80% equity stake in Aztecsoft Ltd., a global leader in outsourced product development and independent testing. The Company intends to complete the merger by April 2009.

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 Hewitt Associates and Mercer/TNS, and is also the winner of the MAKE Award for knowledge management. MindTree has been selected as one of the Top 25 companies for good Corporate Governance practices. MindTree 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

Anya G. D'Souza
Corporate Voice | Weber Shandwick
+91-9845525632
anya@corvoshandwick.co.in