mindtree
Description
Mindtree Limited is an Indian multinational information technology and
outsourcing company headquartered in Bangalore, India and New Jersey. Founded
in 1999, the company employs approximately 16,500+ employees with annual
revenue of $700+ million.
The company deals in e-commerce, mobile applications,
cloud computing, digital transformation, data analytics, EAI and ERP, with more
than 290 clients and offices in 14 countries.Its largest operations are in
India and major markets are United States and Europe. The company was formed on
18 August 1999 by ten IT professionals, who formerly worked for Cambridge
Technology Partners, Lucent Technologies, and Wipro.
In August 1999, Mindtree Consulting Private Limited was founded by ten IT
professionals of which three of them invested through an entity incorporated in
Mauritius. It was funded by the venture capital firms Walden International and
Sivan Securities, and later in 2001 from the Capital Group and Franklin
Templeton. It became a public company on 12 December 2006 and was listed on the
Bombay Stock Exchange and National Stock Exchange. The IPO opened on 9 February
2007 and closed on 14 February 2007.The IPO was oversubscribed more than 100
times. Mindtree announced a new brand identity and logo, with the slogan
"Welcome to possible" on September 28, 2012.
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