November 08, 2006 - Bangalore

MindTree strengthens Board of Directors

Five Independent Directors join Board

MindTree Consulting, an international IT and R&D services company, today announced the expansion of its Board of Directors with the inclusion of five eminent and illustrious personalities.

The new MindTree Board would comprise 10 Directors.  The five new members who will function as Independent Directors are Dr Albert Hieronimus, Managing Director of Motor Industries Co. Ltd. and Chairman of Robert Bosch India Ltd., George Scalise, President of Semiconductor Industry Association (SIA), Mark Runacres, Consultant in a range of fields, including at The Energy and Resources Institute (TERI), N. Vittal, former Chief Vigilance Officer and an accomplished public administrator and R Srinivasan, former Managing Director of Widia (India) Ltd.

“The strengthening of the MindTree’s Board of Directors with the inclusion of five distinguished personalities will help the organization achieve greater goals.  We are looking forward to their guidance in the days to come,” said MindTree Consulting Chairman & Managing Director Ashok Soota.

In addition to the five Independent Directors, MindTree’s Board of Directors includes Lip-Bu Tan, Chairman of Walden International, Siddhartha VG, Chairman of Global Technology Ventures and Vivek Kalra, Vice President at Capital Group. They represent the three investors in MindTree.

Ashok Soota and Subroto Bagchi, MindTree Consulting Chief Operating Officer, will function as Executive Directors on the Board.

About MindTree Consulting

MindTree Consulting is an international IT and R&D 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™. Founded seven years ago in Bangalore, India, MindTree has grown to a more than 4,000-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 given the MAKE award for excellence in the area of Knowledge Management.  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 IT service providers worldwide on the publication’s inaugural 2006 Global Services 100 ranking.  MindTree was rated among the world’s top 30 offshoring service providers by the International Association of Outsourcing Professionals.  MindTree also figures in several best employer surveys that it participated in during the last three years.  For more information, please visit www.mindtree.com.

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