India's Most Valuable Companies 2021 edition · Source: Hurun India
Rank#58- Valuation
- ₹75,468 Cr
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About Mindtree
Mindtree is a Technology company based in Bengaluru (India) founded in 1999, and was acquired by L&T in March 2019. Outsourcing solutions in IT, engineering, and consulting are delivered. Mindtree has raised $23.9 million across 2 funding rounds from investors including L&T, Capital Group and VIZ Media. Mindtree has completed 5 acquisitions, including 7Strata, Aztecsoft and Discoverture Solutions. Its chief executive, as recorded, is Debashis Chatterjee. Its Indian entity Mindtree Limited reported revenue of ₹38,998 Cr. Mindtree offers products and services including CloudXperienz and Fosfor. Its focus areas include Business Services, IT Services and Suite. Its competitors include Happiest Minds and Datamatics; 2 of its 2 listed competitors have raised funding.
Company details
Founded in 1999 and headquartered in Bengaluru, India, Mindtree operates as an outsourcing provider in the information technology sector. Services encompass engineering, quality assurance, digital media, strategy consulting, research and development, and infrastructure management. Specific offerings include Bluetooth solutions, digital video surveillance, SAP insurance implementations, and MWatch for end-to-end IT infrastructure monitoring. Operations focus on global delivery of these technology and consulting services.
Recognitions & Rankings of Mindtree
- Headquarters Bengaluru, India
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website mindtree.com
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by L&T (Mar 2019)
- Legal Name Mindtree Limited
- Date of Incorporation 05 Aug, 1999
- Jurisdiction Bangalore, Karnataka, India
Operational Areas
Associated legal entities of Mindtree
Mindtree operates through Mindtree Limited, a listed company (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mindtree Limited Listed CIN L72200KA1999PLC025564 | Amalgamated | 05 Aug 1999 | Bangalore, Karnataka | ₹38,998 Cr | 33,129 | 12 | View details |
Products & Services of Mindtree
Mindtree offers a comprehensive portfolio of products and services, including CloudXperienz and Fosfor.
CloudXperienz
Cloud Services
Platform for managing cloud infrastructure and experiences efficiently.
Fosfor
Data Platform
Tool for providing data insights and analytics to businesses.
Apps and channels of Mindtree
its YouTube channel LTIMindtree has 1.98K subscribers and 30 videos.
LTIMindtree
Open channelVideos from Mindtree
The most watched videos on Mindtree's YouTube channel, LTIMindtree (1.98K subscribers). Click a video to play it here.
LTIMindtree BlueVerse™ | Agentic AI Platform | The AI Ecosystem for the Enterprise of the Future
LTIMindtree GCC-as-a-Service - Your Innovation and Transformation Hub
Inside LTIMindtree’s Cyber Defense Resiliency Center | Virtual Tour of CDRC Bengaluru
Meet Nikith Shetty, Associate Director – HR Business Partner at LTIMindtree Poland.
More on LTIMindtree.
Funding Insights of Mindtree
Mindtree has successfully raised a total of $23.9M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $14.4 million completed in August 2001. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $23.9M
- Total Rounds 2
- Last Round Series B — $14.4M
- First Round $9.5M
(Jun 1999)
- Investors Count 5
All 2 funding rounds of Mindtree with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2001 | $14.4M | Series B | – | Capital Group, VIZ Media | – |
| Jun 1999 | $9.5M | Series A | – | Walden Israel, Global Technology Ventures | – |
Valuation history
6 investors in total: 6 institutional.
Investors in Mindtree
Mindtree has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include L&T, Capital Group and VIZ Media.
All
Venture Fund
Institutional
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
VC firm investing globally in early & expansion stage companies | waldenintl.com | San Francisco, United States | ||
Israeli tech and offline companies are funded by Walden Israel. | walden.co.il | Petah Tikva, Israel | ||
Investment management services are provided for long-term investors. | capitalgroup.com | Amsterdam, Netherlands | ||
Consumer books publisher and distributor | viz.com | San Francisco, United States | ||
3D printing and scanning services are provided to industrial clients. | gtvinc.com | Farmington Hills, United States | ||
Engineering and automation solutions are provided for diverse industries. | 1946 | larsentoubro.com | Mumbai, India |
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Investor details for Mindtree
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Mindtree Limited (Mindtree)
Mindtree Limited is the primary company behind Mindtree. The board of Mindtree Limited currently have 11 directors; the longest-serving is Apurva Purohit, appointed in 2014. 29 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Apurva Purohit DIN 00190097 | Director | 01 Jan 2014 | 12 yrs 9 mo | Mindtree Limited |
| Akshaya Bhargava DIN 01874792 | Director | 12 Dec 2016 | 9 yrs 10 mo | Mindtree Limited |
| Bijou Kurien DIN 01802995 | Director | 17 Jul 2018 | 8 yrs 3 mo | Mindtree Limited |
| Sekharipuram Narayanan Subrahmanyan DIN 02255382 | Director | 16 Jul 2019 | 7 yrs 3 mo | Mindtree Limited |
| Ramamurthi Shankar Raman DIN 00019798 | Director | 16 Jul 2019 | 7 yrs 3 mo | Mindtree Limited |
| Deepa Gopalan Wadhwa DIN 07862942 | Director | 16 Jul 2019 | 7 yrs 3 mo | Mindtree Limited |
| Anilkumar Manibhai Naik DIN 00001514 | Director | 18 Jul 2019 | 7 yrs 3 mo | Mindtree Limited |
| Debashis Chatterjee DIN 00823966 | Managing Director | 02 Aug 2019 | 7 yrs 2 mo | Mindtree Limited |
| Vinit Ajit Teredesai DIN 03293917 | CFO | 15 Jun 2020 | 6 yrs 4 mo | Mindtree Limited |
| Chandrasekaran Ramakrishnan DIN 00580842 | Director | 15 Jul 2020 | 6 yrs 3 mo | Mindtree Limited |
| Venugopal Lambu DIN 08840898 | Whole-time director | 15 Oct 2020 | 6 yrs | Mindtree Limited |
People of Mindtree
1 people are tracked at Mindtree (1 in leadership).
| Name | Role | Group |
|---|---|---|
| CEO | Leadership |
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Complete people profiles for Mindtree
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Mindtree
Figures of Mindtree Limited, the primary company behind Mindtree, for FY 2025. Revenue was ₹38,998 Cr (+8% year on year). Net profit was ₹1,653 Cr. EBITDA was ₹2,503 Cr. Revenue has grown at a compounded annual rate of +53% over three years and +38% over five years.
- ₹38,998 CrRevenue · FY 2025 · +8% YoY
- ₹1,653 CrNet profit
- ₹2,503 CrEBITDA
- ₹165 CrPaid-up capital
- 33,129Employees (provident fund records)
- +53%Revenue CAGR, 3 years
- +38%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Mindtree Limited are on its company page.
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Detailed financial statements for Mindtree
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Mindtree
Mindtree has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include 7Strata, Aztecsoft and Discoverture Solutions.
Acquisitions
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Salesforce consulting and implementation services are provided to large enterprises. | magnet360.com | Minneapolis, United States | 2008 | Jan 2016 | $50M | |
Core insurance systems and policy administration services are provided. | discoverture.com | Scottsdale, United States | 2002 | Jan 2015 | $15M | |
Provides a versatile platform for managing remote infrastructure efficiently. | 7strata.com | Chennai, India | 2007 | Apr 2010 | $1.62M | |
Application development and testing services are provided globally. | aztecsoft.com | Bengaluru, India | 1995 | May 2008 | $467.23M | |
Software operations are based in Livingston, United States. | lincsoftware.com | Livingston, United States | 0 | May 2005 | •••• |
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Complete acquisition details for Mindtree
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Mindtree
10 dated milestones of Mindtree across 20 years, from founding to its latest funding, stage changes and deals.
- Founded Mindtree is founded.
- Funding First funding round of $9.5M.
- Funding Latest funding round, Series B, of $14.4M.
- Acquisition Acquires Linc Software.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Aztecsoft.
- Acquisition Acquires 7Strata.
- Acquisition Acquires Discoverture Solutions.
- Acquisition Acquires Magnet 360.
- Exit Acquired by L&T.
Competitors of Mindtree
Mindtree has 2 listed competitors in our database, 2 of them funded. They include Happiest Minds and Datamatics.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| happiestminds.com | 2011 | Bengaluru, India | $64.83M | 4,517 | IT outsourcing services are delivered across multiple business lines. | |
| datamatics.com | 1975 | Mumbai, India | $3M | 5,875 | Cloud-based text analytics and cognitive automation services are provided. |
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Detailed competitors of Mindtree
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Mindtree
Websites that share an audience with Mindtree (mindtree.com).
Similar websites
Websites whose visitors overlap most with Mindtree. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| tcs.com | 100% | 2.6M | #27,194 | View details | |
| accenture.com | 81% | 13.4M | #3,102 | View details | |
| capgemini.com | 79% | 4.1M | #14,711 | View details | |
| teletech.com | 77% | #10,940,632 | View details | ||
shop.org | shop.org | 48% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
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All 10 similar websites and full traffic analytics for Mindtree
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 10 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
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Related news about Mindtree
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Complete news archive for Mindtree
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- Full article archive
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Frequently Asked Questions about Mindtree
Mindtree was founded in 1999.
Mindtree is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Debashis Chatterjee is the CEO of Mindtree, as recorded in our data.
Mindtree is a funded company, having raised a total of $23.9M across 2 funding rounds to date. The company's 1st funding round was a Series A of $9.5M, raised on Jun 1999.
The primary company behind Mindtree, Mindtree Limited, reported revenue of ₹38,998 Cr for FY 2025, up 8% year on year.
Founded in 1999 and headquartered in Bengaluru, India, Mindtree operates as an outsourcing provider in the information technology sector. Services encompass engineering, quality assurance, digital media, strategy consulting, research and development, and infrastructure management. Specific offerings include Bluetooth solutions, digital video surveillance, SAP insurance implementations, and MWatch for end-to-end IT infrastructure monitoring. Operations focus on global delivery of these technology and consulting services.
Mindtree's top competitors include Happiest Minds and Datamatics.
Mindtree offers CloudXperienz and Fosfor.
Mindtree has made 5 acquisitions, including 7Strata, Aztecsoft, and Discoverture Solutions.
Mindtree has 6 investors. Key investors include L&T, Capital Group, VIZ Media, GTV Inc, and Walden International.
Mindtree operates through Mindtree Limited.
Yes. Mindtree was acquired by L&T in March 2019.