April 01, 2008 - Bangalore, India

MindTree Consulting is now MindTree Limited

 

The change in name and the logo symbolizes the company’s next phase of growth, termed MindTree 2.0

 

MindTree Consulting Ltd., a global IT and R&D Services Company, today announced that it has changed its name to MindTree Ltd. with immediate effect. Consequently, the company has also made changes to its visual identity.

 

Over the years, MindTree has emerged as one of the fastest growing IT and R&D Services provider, offering its services across a range of technology and industry domains. “The word ‘consulting’ in our name, however, did not reflect the entire range of services we offer our customers. While MindTree is one of the first companies to offer consulting-led IT services, we are Intellectual Property-led in our R&D Services,” said MindTree Chairman & Managing Director Ashok Soota.

 

“Our new name, MindTree Limited, also allows us to now offer newer areas of services to our customers across the globe,” Soota added, “MindTree Limited will now become the umbrella name under which future acquisitions can take the form of divisions or subsidiaries. MindTree will continue to stand for our unique culture, commitment towards high customer satisfaction and our innovative people practices. We will continue to build an organization that has a place among the best in our industry.”

 

The change in the name of the company is in line with its strategy towards the next phase of growth. Called MindTree 2.0, MindTree announced its strategy to become a billion dollar organization a few months ago.

 

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 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 as the most admired employer 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.

 

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.

 

For more information, contact:

 

Ashwini Rajeswara

MindTree Ltd.

Tel: +91-080-26711777

ashwini_rajeswara@mindtree.com

 

Ritika S. Mishra
Brand-Comm
Tel: +91- 80-25539258/+91-9845577633

ritika@brand-comm.com