Mindteck

Bengaluru, India Founded: 1991 • Age: 35 yrs Listed
IT and product engineering services are provided globally.

About Mindteck

Mindteck is a publicly listed company based in Bengaluru (India) founded in 1991. IT and product engineering services are provided globally. The company has 732 employees. Its chief executive, as recorded, is Anand Balakrishnan. Its website mindteck.com draws about 25 thousand monthly visits. Its Indian entity Mindteck (India) Limited reported revenue of ₹419 Cr. Mindteck offers products and services including Product Engineering, Smart City Solutions, Data Center Transformation, and Application Development. Its focus areas include Business Services, IT Services, Application Development and Horizontal. Its competitors include SFO Technologies and Kaynes Technology; 2 of its 2 listed competitors have raised funding.

Company details

Mindteck, a global product engineering and IT services company with US headquarters in Pennsylvania, has provided end-to-end solutions to a Global 2000 and public sector clientèle for over 21 years. The companys depth of knowledge and niche expertise in Life Sciences, High-Tech (Smart Energy, Semiconductor) and the Public Sector, is complemented by dedicated Centers of Excellence in Cloud Computing, Mobility Solutions, Electronics and Wireless Design, and Storage Testing. Presently, the company employs over 1,000 individuals throughout offices in the US and UK, Singapore, Malaysia, Bahrain and India. It also has four development centers (US, Singapore and India (Kolkata, Bangalore)). Aside from serving its long-standing clientele, Mindteck is also focused on further developing Mindteck Academy, a customized IT training solution designed to fill clients IT skill gaps and foster local, professional career growth in technology. Candidates include qualified applicants who are underserved, such as recent college graduates, displaced workers and military veterans.

  • Headquarters Bengaluru, India
  • Employees 732
  • Stage Public
  • Sectors
    Technology
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website mindteck.com
  • Social LinkedIn X Facebook
  • Legal Name Mindteck (India) Limited
Key Metrics
  • Market Cap
    ₹432 Cr

    MINDTECK · NSE

  • Share Price
    ₹127.97

    -5.36% today

  • Revenue
    ₹407 Cr

    FY 2025-26 · -4.0% YoY

  • EBITDA
    ₹32.64 Cr

    Margin 8.0%

  • Net Profit
    ₹34.05 Cr

    FY 2025-26 · +13.4% YoY

  • P/E (TTM)
    12.9x

    P/B 1.4x

  • ROE
    11.2%

    ROCE 13.6%

  • Debt / Equity
    0.02

    Interest cover 3.9x

  • Employee Count
    732

Products & Services of Mindteck

Mindteck offers a comprehensive portfolio of products and services, including Product Engineering, Smart City Solutions, Data Center Transformation, and Application Development.

Product Engineering
IT Services

Engineering solutions to enhance equipment performance and productivity.

Smart City Solutions
IoT Solutions

IoT-based services for urban challenges like parking and utilities.

Data Center Transformation
IT Infrastructure

Management services for optimizing data centers and IT systems.

Application Development
Software Services

Development and integration of enterprise applications and systems.

Board of directors of Mindteck (India) Limited (Mindteck)

Mindteck (India) Limited is the primary company behind Mindteck. The board of Mindteck (India) Limited currently have 7 directors; the longest-serving is Meenaz Dhanani, appointed in 2013. 20 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Meenaz Dhanani
DIN 06705048
Director04 Oct 201313 yrsMindteck (India) Limited
Satish Menon Kumar
DIN 00114149
Director14 May 20188 yrs 5 moMindteck (India) Limited
Subhash Bhushan Dhar
DIN 03603891
Director29 May 20188 yrs 5 moMindteck (India) Limited
Keyuri Singh
DIN 09379699
Director28 Oct 20215 yrsMindteck (India) Limited
Javed Gaya
DIN 01481518
Additional Director05 Dec 202510 moMindteck (India) Limited
Madhuranath Konety Raghavendra Rao
DIN 02161694
Additional Director13 May 20265 moMindteck (India) Limited
Preeti Mohan
DIN 07822681
Additional Director13 May 20265 moMindteck (India) Limited

People of Mindteck

25 people are tracked at Mindteck (6 in leadership, 6 in board & advisors, 13 in team); the tracked headcount is 732.

NameRoleGroup
Anand Balakrishnan
CEO & MDLeadership
Santosh Nandiyath
Interim CFOLeadership
Saibal Dey
GM & Head of Semiconductor PracticeLeadership
Ratnakar Gandhe
Head Of Electronic Design Services And Iot SolutionsLeadership
Jigar Vasani
VP, Sales, ROWLeadership
K.v. Krishnan
Practice HeadLeadership
Independent DirectorBoard & advisors
Independent DirectorBoard & advisors
Guhan Subramaniam
Independent DirectorBoard & advisors
Yusuf Lanewala
Non-Executive ChairmanBoard & advisors
Non-Executive DirectorBoard & advisors
Non-Executive DirectorBoard & advisors
Animesh Banerjee
Manager FinanceTeam
Anish Balan
Associate Project ManagerTeam
Vikrant Dixit
Senior Software EngineerTeam
Ashish Makati
Account ManagerTeam
Priyanka Mishra
Senior Software EngineerTeam
Mohammed Amjad
Project ManagerTeam
Sathya Raja G.
AVP, Legal & Company SecretaryTeam
Prashant Sehrawat
Senior Inside Sales RepresentativeTeam

5 more people are available in the full profile.

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IPO & Listings of Mindteck

Mindteck is a publicly listed company on the NSE with ticker symbol MINDTECK in India, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date02 Aug 2016
  • Listed onNSE: MINDTECK
  • Listed entityMindteck (India) Limited
  • Exchange sectorTechnology services
  • ISININE110B01017
  • Share price₹145.27 (+0.38% on the day) · 2026-10-14
  • Market capitalisation₹464 Cr
  • Price to earnings14.9
  • EPS (diluted, trailing year)₹9.74
  • Dividend yield0.69%
  • Volume (last session)21,135

Financials of Mindteck

Exchange-reported figures of Mindteck (India) Limited, the listed company behind Mindteck (NSE: MINDTECK).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹407 Cr
-4.0% YoY
EBITDA
₹32.64 Cr
-2.7% YoY
Profit After Tax
₹34.05 Cr
+13.3% YoY
Net Worth
₹304 Cr
+16.8% YoY
Total Assets
₹316 Cr
+16.1% YoY
Total Debt
₹3.88 Cr
-47.8% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue407424386337299287276
Revenue growth-4.0%+10.1%+14.5%+12.7%+4.2%+3.8%-
EBITDA32.6433.5332.4327.0920.7719.62(56.52)
EBITDA margin+8.0%+7.9%+8.4%+8.1%+7.0%+6.8%-20.5%
Profit before tax38.9635.2933.5325.9838.0816.13(64.07)
Net profit34.0530.0427.2420.7617.4310.86(5.70)
Net profit margin+8.4%+7.1%+7.1%+6.2%+5.8%+3.8%-2.1%
EPS (₹)9.878.9910.878.3513.174.31(25.70)
Balance sheet
Total assets316272228200187171152
Net worth304260221191176140130
Total debt3.887.442.215.637.8626.0112.76
Cash & bank13613412510076.9177.6629.39
Net working capital21319918415311711980.75
Cash flow
Cash from operations26.0324.1322.4812.7221.6533.7115.16
Cash from investing(27.63)(5.45)(12.13)(6.84)(18.61)(25.30)13.04
Cash from financing(6.79)1.47(1.85)(14.73)(3.36)13.13(9.30)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue104104100102101104104108
Revenue growth (YoY)+2.7%-0.1%-3.4%-6.1%-6.3%---
Other income2.833.082.224.022.652.001.831.75
EBITDA8.1310.665.157.219.628.579.108.59
EBITDA margin+7.8%+10.3%+5.1%+7.1%+9.5%+8.2%+8.7%+7.9%
Depreciation1.121.111.141.151.171.171.241.14
Interest0.220.200.250.290.340.360.370.19
Profit before tax9.6212.435.989.7910.769.049.329.01
Tax1.262.270.932.232.012.241.391.44
Net profit8.3610.165.057.568.756.807.937.57
EPS (₹)2.613.181.582.362.732.132.472.38
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue15015514013011410492.31
Revenue growth-3.5%+11.0%+7.9%+13.4%+9.9%+12.6%-
EBITDA19.8724.5621.8620.8316.1118.28(52.63)
EBITDA margin+13.3%+15.8%+15.7%+16.1%+14.1%+17.6%-57.0%
Profit before tax23.6424.9723.6619.5514.9313.97(58.81)
Net profit20.9218.8116.4714.8711.458.531.55
Net profit margin+14.0%+12.1%+11.8%+11.5%+10.0%+8.2%+1.7%
EPS (₹)5.455.907.215.884.273.33(23.12)
Balance sheet
Total assets217201170155153141143
Net worth204189163146142131122
Total debt3.887.442.215.637.697.4412.05
Cash & bank85.9060.6061.9946.1528.2431.3113.64
Net working capital13289.6087.4568.6643.9949.0432.62
Cash flow
Cash from operations4.2815.9915.8010.4519.7420.536.15
Cash from investing6.72(4.46)(2.04)6.19(19.38)(25.27)12.07
Cash from financing(6.79)(4.43)(5.74)(14.58)(3.00)(4.32)(7.76)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue33.9336.9238.4339.1535.1538.6135.8739.17
Revenue growth (YoY)-3.5%-4.4%+7.1%-0.1%-15.2%---
Other income1.832.721.761.842.431.931.081.32
Total expenses29.4732.0535.5632.0930.0829.7031.1233.51
EBITDA4.464.872.877.065.078.914.755.66
EBITDA margin+13.1%+13.2%+7.5%+18.0%+14.4%+23.1%+13.2%+14.4%
Depreciation1.091.061.101.111.141.141.191.09
Interest0.100.110.120.160.180.200.230.03
Profit before tax5.106.423.417.636.189.504.415.86
Tax1.261.231.242.251.522.241.121.45

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 31 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue104104100102101104104108
Revenue growth (YoY)+2.7%-0.1%-3.4%-6.1%-6.3%---
Other income2.833.082.224.022.652.001.831.75
EBITDA8.1310.665.157.219.628.579.108.59
EBITDA margin+7.8%+10.3%+5.1%+7.1%+9.5%+8.2%+8.7%+7.9%
Depreciation1.121.111.141.151.171.171.241.14
Interest0.220.200.250.290.340.360.370.19
Profit before tax9.6212.435.989.7910.769.049.329.01
Tax1.262.270.932.232.012.241.391.44
Net profit8.3610.165.057.568.756.807.937.57
EPS (₹)2.613.181.582.362.732.132.472.38
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue407424386337299287276
Revenue growth-4.0%+10.1%+14.5%+12.7%+4.2%+3.8%-
Other income11.977.546.464.4323.254.551.75
Total expenses375391353310278267333
Employee cost244239235211189195199
EBITDA32.6433.5332.4327.0920.7719.62(56.52)
EBITDA margin+8.0%+7.9%+8.4%+8.1%+7.0%+6.8%-20.5%
Depreciation4.574.684.474.535.026.397.04
Interest1.081.100.891.010.921.652.26
Profit before tax38.9635.2933.5325.9838.0816.13(64.07)
Tax7.446.616.225.214.775.270.73
Net profit34.0530.0427.2420.7617.4310.86(5.70)
Net profit margin+8.4%+7.1%+7.1%+6.2%+5.8%+3.8%-2.1%
EPS (₹)9.878.9910.878.3513.174.31(25.70)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital31.9531.9125.1224.8625.3025.2125.21
Reserves & surplus269226192164149113103
Shareholders' funds (net worth)304260221191176140130
Minority interest0.000.000.000.000.000.000.00
Secured loans0.000.000.000.000.0018.080.00
Unsecured loans3.887.442.215.637.867.9312.76
Total debt3.887.442.215.637.8626.0112.76
Total liabilities316272228200187171152
Assets
Gross block48.1149.2748.6148.3955.4550.82119
Net block33.2137.9732.8435.8338.1337.7750.80
Capital work in progress0.000.000.000.000.000.000.00
Investments56.250.000.000.000.000.000.43
Inventories0.000.000.000.000.000.000.00
Sundry debtors11410193.4185.8672.6268.4757.04
Cash & bank balances13613412510076.9177.6629.39
Loans & advances17.3512.8013.409.3510.018.5926.87
Total current assets267248232196160155113
Total current liabilities53.4549.1847.6042.9242.5136.0332.55
Net working capital21319918415311711980.75
Total assets316272228200187171152
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash70.0849.9341.4350.2850.6029.0610.16
Net cash from operating activities26.0324.1322.4812.7221.6533.7115.16
Net cash from investing activities(27.63)(5.45)(12.13)(6.84)(18.61)(25.30)13.04
Net cash from financing activities(6.79)1.47(1.85)(14.73)(3.36)13.13(9.30)
Net change in cash(8.39)20.158.50(8.85)(0.32)21.5418.90
Closing cash13613412510076.9177.6629.39
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-4.0%+10.1%+14.5%+12.7%+4.2%+3.8%-
EBITDA growth-2.7%+3.4%+19.7%+30.4%+5.9%+134.7%-
PBT growth+10.4%+5.3%+29.1%-31.8%+136.1%+9998.0%-
Net income growth+13.4%+10.3%+31.2%+19.1%+60.5%+290.5%-
Revenue CAGR (3Y)+6.6%+12.4%+10.4%+6.8%-0.1%-1.2%-6.9%
EBITDA CAGR (3Y)+6.4%+17.3%+18.2%-+67.8%--
Profitability & leverage
Net income margin+7.7%+6.8%+7.1%+6.2%+11.2%+3.8%-23.5%
Return on capital employed+13.6%+14.5%+16.1%+14.0%+11.4%+10.7%0.0%
Return on net worth+11.2%+11.9%+13.3%+11.4%+10.8%+7.8%0.0%
Debt / equity0.020.020.020.050.110.140.04
Long-term debt / equity0.010.010.010.030.030.040.02
Interest cover3.853.813.184.485.8412.47-3.56
Efficiency & per share
Fixed asset turnover8.378.677.956.495.623.382.46
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover3.794.364.304.254.244.574.32
EPS (₹)9.878.9910.878.3513.174.31(25.70)
Dividend per share (₹)1.001.001.001.001.000.000.00
Book value per share (₹)94.3080.7786.5576.1568.7754.7850.70
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue33.9336.9238.4339.1535.1538.6135.8739.17
Revenue growth (YoY)-3.5%-4.4%+7.1%-0.1%-15.2%---
Other income1.832.721.761.842.431.931.081.32
Total expenses29.4732.0535.5632.0930.0829.7031.1233.51
EBITDA4.464.872.877.065.078.914.755.66
EBITDA margin+13.1%+13.2%+7.5%+18.0%+14.4%+23.1%+13.2%+14.4%
Depreciation1.091.061.101.111.141.141.191.09
Interest0.100.110.120.160.180.200.230.03
Profit before tax5.106.423.417.636.189.504.415.86
Tax1.261.231.242.251.522.241.121.45
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue15015514013011410492.31
Revenue growth-3.5%+11.0%+7.9%+13.4%+9.9%+12.6%-
Other income8.755.446.573.593.972.831.84
Total expenses13013111810998.1485.70145
Employee cost10310097.5691.9678.4870.8166.24
EBITDA19.8724.5621.8620.8316.1118.28(52.63)
EBITDA margin+13.3%+15.8%+15.7%+16.1%+14.1%+17.6%-57.0%
Depreciation4.414.514.324.274.655.846.15
Interest0.570.520.450.600.501.301.87
Profit before tax23.6424.9723.6619.5514.9313.97(58.81)
Tax6.246.155.394.683.955.440.43
Net profit20.9218.8116.4714.8711.458.531.55
Net profit margin+14.0%+12.1%+11.8%+11.5%+10.0%+8.2%+1.7%
EPS (₹)5.455.907.215.884.273.33(23.12)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital31.9531.9125.3525.2725.7125.6225.62
Reserves & surplus17015513611911510394.46
Shareholders' funds (net worth)204189163146142131122
Secured loans0.000.000.000.000.000.020.00
Unsecured loans3.887.442.215.637.697.4212.05
Total debt3.887.442.215.637.697.4412.05
Total liabilities217201170155153141143
Assets
Gross block19.4320.9620.2320.2426.7922.4032.53
Net block4.839.544.317.279.639.0822.25
Capital work in progress0.000.000.000.000.000.000.00
Investments67.1467.1467.1467.1467.1467.2467.67
Inventories0.000.000.000.000.000.000.00
Sundry debtors54.6136.2533.5830.6224.9126.2119.56
Cash & bank balances85.9060.6061.9946.1528.2431.3113.64
Loans & advances14.2710.308.896.217.487.4912.72
Total current assets15510710482.9860.6365.0145.92
Total current liabilities23.1717.5517.0114.3216.6415.9713.30
Net working capital13289.6087.4568.6643.9949.0432.62
Total assets217201170155153141143
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash18.7911.693.671.614.2513.312.85
Net cash from operating activities4.2815.9915.8010.4519.7420.536.15
Net cash from investing activities6.72(4.46)(2.04)6.19(19.38)(25.27)12.07
Net cash from financing activities(6.79)(4.43)(5.74)(14.58)(3.00)(4.32)(7.76)
Net change in cash4.217.108.022.06(2.64)(9.06)10.46
Closing cash85.9060.6061.9946.1528.2431.3113.64
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-3.5%+11.0%+7.9%+13.4%+9.9%+12.6%-
EBITDA growth-19.1%+12.4%+4.9%+29.3%-11.9%+134.7%-
PBT growth-5.3%+5.5%+21.0%+30.9%+6.9%+9998.0%-
Net income growth+11.2%+14.2%+10.8%+29.9%+34.2%+450.3%-
Revenue CAGR (3Y)+4.9%+10.7%+10.3%+12.0%+2.0%+5.6%+3.3%
EBITDA CAGR (3Y)-1.6%+15.1%+6.1%-+16.5%+69.6%-
Profitability & leverage
Net income margin+11.6%+12.1%+13.1%+11.5%+9.6%+8.2%-64.2%
Return on capital employed+14.1%+13.7%+13.4%+13.1%+10.3%+10.5%0.0%
Return on net worth+10.6%+10.7%+10.7%+10.3%+7.9%+6.6%0.0%
Debt / equity0.030.030.030.050.060.080.04
Long-term debt / equity0.010.010.010.020.030.040.03
Interest cover3.692.592.573.624.3610.45-3.18
Efficiency & per share
Fixed asset turnover7.417.536.905.514.653.793.71
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover3.294.444.354.664.474.544.05
EPS (₹)5.455.907.215.884.273.33(23.12)
Dividend per share (₹)1.001.001.001.001.000.000.00
Book value per share (₹)63.2258.5163.5857.1854.7150.2846.87

Competitors of Mindteck

Mindteck has 2 listed competitors in our database, 2 of them funded. They include SFO Technologies and Kaynes Technology.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
sfotechnologies.net1990Kochi, India$37.5M2,870
Provider of ODM plus solutions for diverse industries
kaynestechnology.co.in2008Mysuru, India$22.44M587
Integrated electronics manufacturing and IoT solutions are delivered across industries.
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Web traffic of Mindteck

The website of Mindteck (mindteck.com) receives about 24.9K visits a month.

  • Monthly visits
    24.9K

    ▼ 3.7% vs previous month

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Frequently Asked Questions about Mindteck

Mindteck was founded in 1991.

Mindteck is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.

Anand Balakrishnan is the CEO of Mindteck, as recorded in our data.

Mindteck has 732 employees.

The primary company behind Mindteck, Mindteck (India) Limited, reported revenue of ₹419 Cr for FY 2026, down 4% year on year.

Mindteck, a global product engineering and IT services company with US headquarters in Pennsylvania, has provided end-to-end solutions to a Global 2000 and public sector clientèle for over 21 years. The companys depth of knowledge and niche expertise in Life Sciences, High-Tech (Smart Energy, Semiconductor) and the Public Sector, is complemented by dedicated Centers of Excellence in Cloud Computing, Mobility Solutions, Electronics and Wireless Design, and Storage Testing. Presently, the company employs over 1,000 individuals throughout offices in the US and UK, Singapore, Malaysia, Bahrain and India. It also has four development centers (US, Singapore and India (Kolkata, Bangalore)). Aside from serving its long-standing clientele, Mindteck is also focused on further developing Mindteck Academy, a customized IT training solution designed to fill clients IT skill gaps and foster local, professional career growth in technology. Candidates include qualified applicants who are underserved, such as recent college graduates, displaced workers and military veterans.

Mindteck's top competitors include SFO Technologies and Kaynes Technology.

Mindteck offers Product Engineering, Smart City Solutions, Data Center Transformation, and Application Development.

Yes, Mindteck is publicly traded on NSE under the ticker symbol MINDTECK.

Mindteck operates through Mindteck (India) Limited.

The legal entities of Mindteck currently have 10 directors, including Keyuri Singh, Meenaz Dhanani, Satish Menon Kumar and others.

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