January 23, 2006 - Somerset, NJ

MindTree Consulting Wins ‘Leader In Human Capital’ Award and Ranks Among Top 10 on Global Services 100 List

Earns a top spot among 100 leading service providers in worldwide ranking from Global Services magazine

MindTree Consulting, an international IT and R&D services company, has been named the leading service provider in the “Human Capital” category by Global Services magazine, a new publication set to launch next month.  MindTree was also among the top 10 leading service providers worldwide on the publication’s inaugural 2006 Global Services 100 ranking, assembled by the Global Services editorial team and advisory firm neoIT.  The awards will be officially announced at the Global Services Conference on February 2nd, 2006 in New York.

“MindTree has a secret weapon that vaulted it significantly higher on our ranking than some of its larger competitors: The empowering MindTree culture that cultivates some of the best IT consultants in the industry.  MindTree’s employee base is a powerful competitive advantage that earned it top honors for human capital on our ranking,” said   Rusty Weston, editor in chief of Global Services magazine.

Founded six years ago in Bangalore, India, MindTree is now more than 3,000-strong team providing IT and R&D solutions to Global 2000 companies. The company offers IT services in application development and maintenance, business intelligence solutions, ERP and supply chain management, testing, mainframe and iSeries support and enhancement. MindTree also provides R&D Services in the areas of product and board design, operating systems, protocol engineering, embedded applications, product testing and licensing of intellectual properties.  MindTree has been named one of the best places to work by numerous organizations, including Hewitt Associates, Great Places to Work Institute and Mercer.

“We strongly believe that our key differentiator is our people – MindTree Minds as we call ourselves.  This makes the honor of ranking number one on the Global Services 100 list for Human Capital especially gratifying and acknowledges our focus to attract and develop the leading minds in our industry,” said Ashok Soota, Chairman & Managing Director, MindTree Consulting, adding, “MindTree’s people practices stand out due to our unique CLASS values (Caring, Learning, Achieving, Sharing and Socially Responsible), transparency and sharing of wealth.”

Global Services, a monthly publication that debuts at the Global Services 100 conference, is co-produced in India and the United States as a joint venture between CMP Media LLC and CyberMedia LLC.  The publication covers news, issues and trends around the service provider industry.

About MindTree Consulting

MindTree Consulting is an international IT services company with development centers in India and the U.S.  The Company provides end-to-end project execution through a hybrid delivery model called OneShore™.

With clients ranging from Fortune 50 companies to enterprise software organizations, MindTree delivers global technology solutions and R&D services to innovative technology leaders around the world.

MindTree has been named the leading service provider in the “Human Capital Development” category by Global Services magazine.  MindTree was also among the top 10 leading service providers worldwide on the publication’s inaugural 2006 Global Services 100 ranking. MindTree has been recognized as one of the fastest growing technology companies in India by Deloitte Touche Tohmatsu in the “Deloitte Technology Fast 50 India” program. MindTree has been ranked among the “Best Companies to Work for in 2005” in the Business Today-Mercer-TNS study. MindTree has also been ranked among “Great Places to Work” for the second consecutive year in 2005 in a study conducted by Grow Talent Company and Businessworld, and as one of the “Best Employers in India” for the second consecutive year in 2004 by Hewitt Associates. MindTree is also the world's youngest company to be assessed at Level 5 in both CMMi and P-CMM.  For more information, please visit www.mindtree.com .

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