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Mindtree adjudged best Indian company in Asia in corporate governance by Asiamoney

Ranked No. 2 in Asia, MindTree sweeps all the categories in India to emerge the winner; MindTree CFO Rostow Ravanan adjudged Best Investor Relations Officer in India

MindTree Ltd., a global IT Solutions Company, announced today that it has been ranked 2nd in Asia in the Corporate Governance Poll 2009 conducted by Asiamoney magazine. MindTree is ranked No. 1 Best Overall For Corporate Governance in India. In addition to being picked up as the second best company overall in Asia, MindTree is ranked No. 1 in the continent (excluding Japan) in the two categories of 'Responsibilities of Management and the Board of Directors' and 'Shareholders' Rights and Equitable Treatment'. MindTree is ranked among the top three in the categories of 'Disclosure and Transparency' and 'Investor Relations'.

In India, MindTree is ranked No. 1 in all the categories, thereby winning the overall No. 1 rank in Corporate Governance. MindTree's Chief Financial Officer Rostow Ravanan has been chosen as 'The Best Investor Relations Officer in India'.

Asiamoney's Corporate Governance Poll surveyed 104 senior executives and research analysts from 96 firms, and cited more than 250 companies across the region to discover where Asian companies rank in several categories involving corporate clarity. The publication stated, "The results of this survey are especially notable, given that the polling period coincided with some of the most pronounced financial market volatility in history."

"We are delighted to be once again recognized for our efforts in corporate governance, this time in the global markets. MindTree had earlier won the National Award for Excellence in Corporate Governance in India for 2007-08. The recognition in the Asiamoney Corporate Governance Poll 2009 is a testimonial of our focus on creating a globally admired organization that is rich in values and culture," said MindTree Executive Chairman Ashok Soota.

The hallmarks of MindTree's Corporate Governance philosophy are ethical business conduct, transparency and commitment to values, which in turn retain and enhance stakeholders' trust. The organization's value system, termed CLASS (Caring, Learning, Achieving, Sharing, Social Responsibility), lies at the core of it.

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, Software Product Engineering and Wireless Products. 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 ranked 45th among the leaders in The 2009 Global Outsourcing 100 by the International Association of Outsourcing Professionals. 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 was ranked No. 2 in Asia and declared the overall winner in India in the Asiamoney Corporate Governance Poll 2009. The Company is publicly listed in India. Please visit us at

For more information, contact:

Ashwini Rajeswara
MindTree Limited

Jay Russo
LVA Communications