MindTree's technology innovation and customer commitment propel revenue growth rates of more than 109 percent over the past three years
MindTree Ltd., a global IT Solutions Company, today announced that it has been ranked amongst the fastest growing technology companies in Asia Pacific by Deloitte Technology Fast 500 Asia Pacific 2009. The rankings are based on revenue growth over the past three years, during which time MindTree posted a growth rate of more than 109 percent.
"We are very pleased that we have been ranked by Deloitte Technology Fast 500 Asia Pacific as amongst the fastest growing technology companies in Asia Pacific," said MindTree CEO and Managing Director Krishnakumar Natarajan. "In the last three years, MindTree has realized strong revenue growth, which can be attributed to our differentiated positioning as a 'summation of specialists', and focus on customer success through innovative solutions and happy people. As the global economy improves, we look forward to maintaining a high growth rate, and achieve our vision of $1 billion in revenues by FY 2014."
"Making it to the Deloitte Technology Fast 500 Asia Pacific ranking is a testament to a company's commitment to technology," said Deloitte's Technology Fast 500 Asia Pacific program partner in charge, Yoshitaka Asaeda. "With its growth rate over the past three years, MindTree has proven that its leadership has the vision and determination to grow in difficult conditions."
The Technology Fast 500 list is compiled from Deloitte's Technology Fast 50 Asia Pacific programs, nominations submitted directly to the Technology Fast 500, and public company database research.
Entrants must also be public or private companies headquartered in Asia Pacific and must be a "technology company," defined as a company that owns proprietary technology that contributes to a significant portion of the company's operating revenues, manufactures a technology related product, or devotes a significant proportion of revenues to the research and development of technology.
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.
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 www.mindtree.com.