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Mindtree opens own development center in Chennai

MindTree Coromandel will seat 2,800 MindTree Mind

MindTree Ltd., a global IT and R&D Services company, today opened its own development center, MindTree Coromandel, in Chennai. The center was inaugurated by U.S. Consul General in Chennai, Mr. David T. Hopper.

MindTree Coromandel, named after the famous coastline of India, has been built by Ascendas Mahindra IT Park Pvt Ltd. Situated in the pristine and upcoming Mahindra World City SEZ in the city suburb, MindTree Coromandel has the capacity to seat 2,800 MindTree Minds. The interiors of the center have been designed and executed by Chandavarkar and Thacker Architects Pvt. Ltd.

"It is a momentous occasion for MindTree and we are glad to further strengthen our commitment to Chennai. The city's rich talent pool, its growing infrastructure and good connectivity to Bangalore and the rest of the world made it easy for us to select it as the second city in India to set up a development center," said MindTree Chairman & Managing Director Ashok Soota. "As we begin the task of creating MindTree 2.0, MindTree Coromandel will play a critical role in our quest to be a billion dollar company."

At the front of MindTree Coromandel is the living logo of MindTree, a unique structure depicting MindTree's logo. At the root of the tree, earth soil from around 20 different cities of the world will be used. Another unique feature of the campus is The Arboretum, where new MindTree Minds joining from other organizations, will be assimilated into the MindTree culture and provided unique learning opportunities. The History Wall will provide visitors a glimpse of MindTree's impressive growth over the past nine years. Celebration Wall is the collage of images that will depict the experiences of a MindTree Mind. MindTree Coromandel will also have its own Baby's Day Out, the place where mothers can bring their children to and work from. As is the case with other MindTree facilities around the world, MindTree Coromandel will be adorned by the paintings of the children of the Spastics Society of Karnataka.

"We started our Chennai operations in October 2006 and have quickly scaled up our presence in the city. MindTree Chennai has won and executed projects across most of the Industry Groups in both IT Services and R&D Services businesses. Given the talent and expertise available here, we will focus on building centers of excellence in the Hi Tech, Insurance, and Automotive Industry Groups," said MindTree Chief Executive Officer Krishnakumar Natarajan.

Besides MindTree Coromandel, MindTree has three development centers in Bangalore and one in New Jersey in the U.S. The company has also acquired land in Bhubaneswar to set up a development center. MindTree recently announced its intention to acquire Aztecsoft, the process of which when completed will provide the company additional centers in Bangalore, Hyderabad and Pune.

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 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 Ltd.
Ph: +91-80-26711777

Vidhya Srinivasan
Ph: +91-9382330783