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Mindtree's clarification on its growth outlook

Bangalore, INDIA, February 13, 2012:

Mindtree Limited, a global IT and Product Engineering Services Company, today made the following announcement to the Stock Exchanges.

There have been reports in the media earlier today that carry comments on Mindtree’s outlook for FY12 and FY13. Mindtree, as a matter of policy, does not provide guidance and the statements on growth outlook attributed to Mindtree are totally incorrect. Therefore, Mindtree requests all its stakeholders to ignore the statements carried in some sections of the media today in this context. Mindtree has been one of the fastest growing companies in the Indian IT industry and is confident to sustain this momentum in the future.

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 Product Engineering Services Company with deep knowledge in specific domains. Mindtree is acknowledged as the best mid-size software services company in India for its capability to build, test and deploy solutions. The Company also places significant emphasis on culture, customer centricity and corporate governance. Mindtree is ranked No. 1 among the Most Admired Knowledge Enterprise (MAKE) India Award winners in 2010, 13th in NASSCOM’s listing of Top IT Software and Services Exporters in India (excluding BPO). In 2009, Mindtree was ranked No. 2 in Asia and declared the overall winner in India in the Asiamoney Corporate Governance Poll. Please visit us at

For more information, contact:

Debi Senapati
+91 99805 56784

Siddhartha Tanti
Genesis Burson-Marsteller