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Mindtree conferred Indian Most Admired Knowledge Enterprise (MAKE) award

Recognized for knowledge management excellence for third consecutive year

November 6, 2008 - Bangalore, INDIA

MindTree Limited, a global IT and R&D services company, announced today that it has been conferred the Indian Most Admired Knowledge Enterprise (MAKE) Award by Teleos, in association with The KNOW Network. This was announced at KM India 2008, in Mumbai, where the award was presented to MindTree. The Indian MAKE Award recognizes Indian organizations that are leaders in effectively transforming enterprise knowledge into wealth-creating ideas, products and solutions.

A panel of senior Indian business executives and leading India-based knowledge management/intellectual capital experts found MindTree excelling in the area of Knowledge Management. In the MAKE study performance dimensions, MindTree was the top-ranked company in India in the following five performance dimensions:
- creating a corporate knowledge-driven culture
- developing knowledge workers through senior management leadership
- delivering knowledge-based products/solutions
- maximizing enterprise intellectual capital
- creating an environment for collaborative knowledge sharing

"We are delighted to be the Indian MAKE Award winner for the third consecutive year. We are particularly honored to be the top ranked in 5 out of 8 performance dimensions. The award underscores our strategic vision in building a strong knowledge-based environment that nurtures innovation and optimizes the value of intellectual capital," said MindTree Chairman & Managing Director Ashok Soota.

MindTree's Knowledge Management Function allows the firm to harness the knowledge and ideas of its people towards innovation, better service delivery, and organizational learning. MindTree's approach to Knowledge Management is holistic and focused on building a knowledge ecosystem, which MindTree defines as four 'spaces' within which people interact to create value: physical space, virtual space, social space, and mind space. The key thrust areas of Knowledge Management in MindTree are innovation, collaboration and reuse. All these have been realized by deploying multiple platforms that impact people's behavior, creativity and productivity.

"Our knowledge strategy is differentiated in the industry by its completeness of vision and scope," said MindTree Vice President and Chief Knowledge Officer Raj Datta. "In addition to deploying feature-rich technical platforms, we are differentiated by our focus on softer enablers like social networking, culture-building and creative thinking."

This Award comes on the heels of MindTree winning the Asian MAKE Award 2008. MindTree was also given the NASSCOM Innovation Award 2007 for its knowledge ecosystem earlier in the year.

Teleos, an independent knowledge management and intellectual capital research firm, administers the Most Admired Knowledge Enterprises (MAKE) program. The KNOW Network is a Web-based global community of organizations dedicated to achieving superior performance through benchmarking, networking and best practice knowledge sharing.

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

For more information, contact:

Ashwini Rajeswara
MindTree Limited

Jay Russo
LVA Communications