India's Most Valuable Companies 2021 edition · Source: Hurun India
Rank#58- Valuation
- ₹75,468 Cr
Revenue · FY 2025
₹38,998 Cr
▲ 8% YoY
Net profit · FY 2025
₹1,652.9 Cr
Net margin 4.2%
EBITDA · FY 2025
₹2,502.9 Cr
EBITDA margin 6.4%
Authorised capital
₹800 Cr
Registered with MCA
Paid-up capital
₹164.96 Cr
Issued & subscribed
Satisfied charges
₹576 Cr
No open charges
Company age
27 yrs
Est. 1999
Employees · EPFO
33,802
Provident fund records
About Mindtree Limited
Data last updated:
Mindtree Limited was a public limited company based in Bangalore, Karnataka, India, operated as a subsidiary of Larsen & Toubro Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 05 August 1999.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN L72200KA1999PLC025564. Its GSTIN is 29AABCM8839K3ZR (Karnataka). The company held 15 GST registrations, of which 12 are active. It is recorded as listed by MCA, but its shares were delisted from BSE on 31 Mar 2023 · merger, and no longer trade on a stock exchange.
The company had an authorised share capital of ₹800 Cr and a paid-up capital of ₹164.96 Cr. It was formerly known as Mindtree Consulting Limited and Mindtree Consulting Private Limited. It was led by directors including Debashis Chatterjee (Managing Director) and Venugopal Lambu (Whole-Time Director).
Its last annual general meeting (AGM) was held on 13 July 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Global Village Rvce Post Mysore Road, Bangalore, Karnataka, India – 560059.
As per the financials filed for FY 2025, the company reported a revenue of ₹38,998 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹1,652.9 Cr (net margin 4.2%) and EBITDA of ₹2,502.9 Cr (EBITDA margin 6.4%). Revenue has grown at a compounded annual rate (CAGR) of 53% over three years and 38% over five years.
The company had about 33,802 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Mindtree. As per MCA filings, the company had satisfied charges of ₹576 Cr on record. Court records list 93 cases involving the company, including 50 filed by the company and 43 filed against it; 4 cases are pending. The company has 84 deals on record (63 market trades, 10 funding rounds, 9 secondary share transfers), with disclosed funding of ₹686.26 Cr; the latest was in November 2022. The company has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 2 overdue payments to 2 micro and small suppliers.
The last known website on record is mindtree.com.
Company details
CIN L72200KA1999PLC025564
Registration Number 025564
Incorporation Date 05 August 1999
ROC Bangalore
Listing Status Listed - Delisted from BSE on 31 Mar 2023 · merger
Company Status Amalgamated
Date of Last AGM 13 July 2022
Date of Balance Sheet 31 March 2022
Parent Company Larsen & Toubro Limited
Compliance Status Active Compliant
Name history
Mindtree has undergone 3 name changes throughout its history. The company was previously known as Mindtree Consulting Limited, Mindtree Consulting Private Limited, and Mindtree Consulting Limited. The current legal name is Mindtree Limited.
| Company Name | Status |
|---|---|
| Mindtree Limited | Current |
| Mindtree Consulting Limited | Previous |
| Mindtree Consulting Private Limited | Previous |
| Mindtree Consulting Limited | Previous |
CIN history
Mindtree has one previous CIN (Corporate Identification Number): U72200KA1999PLC025564. The current CIN is L72200KA1999PLC025564, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L72200KA1999PLC025564 | Current |
| U72200KA1999PLC025564 | Previous |
Key People
Debashis Chatterjee Managing Director Venugopal Lambu Whole-Time Director Vinit Ajit Teredesai Cfo Recognitions & Rankings of Mindtree
Contact details
Mindtree Limited's registered office is in Bangalore, Karnataka. Its website is mindtree.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressGlobal Village Rvce Post Mysore Road, Bangalore, Karnataka, India – 560059
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Mindtree Limited, buy the company report.
Comprehensive company report
Mindtree Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Brands
Mindtree operates one associated brand: Mindtree. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Outsourcing solutions in IT, engineering, and consulting are delivered. | mindtree.com |
Business activity
The main business activity of Mindtree is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Mindtree Limited, buy the company report.
Financials of Mindtree Limited
FY 2022 filings availableMindtree Limited reported revenue of ₹38,998 Cr (up 8% YoY) for FY 2025.
Revenue · FY 2025
₹38,998 Cr ▲ 8%
Net profit · FY 2025
₹1,652.9 Cr margin 4.2%
EBITDA · FY 2025
₹2,502.9 Cr margin 6.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 8%
3 years · compounded
▲ 53%
5 years · compounded
▲ 38%
EBITDA CAGR growth
1 year
▲ 38%
3 years · compounded
▲ 29%
5 years · compounded
▲ 27%
Revenue has grown at a compounded annual rate (CAGR) of 38% over five years, including 8% growth in the latest year. EBITDA rose 38% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2,502.9 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1,652.9 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.4% | ||||
| Net Profit Margin | 4.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
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To see the full financial statements and ratios of Mindtree Limited, buy the company report.
Board of directors and KMP of Mindtree Limited
Mindtree Limited currently reports 10 directors and 1 key managerial person. 29 former directors have served the organization.
Directors and KMP (as last reported)
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Apurva Purohit | Director | 01 Jan 2014 | 12 Years 10 Months | As last reported |
| Akshaya Bhargava Also directs: Ger Partners LLP, Investorai Technologies India Private Limited | Director | 12 Dec 2016 | 9 Years 10 Months | As last reported |
| Sekharipuram Narayanan Subrahmanyan | Director | 16 Jul 2019 | 7 Years 3 Months | As last reported |
| Ramamurthi Shankar Raman | Director | 16 Jul 2019 | 7 Years 3 Months | As last reported |
| Deepa Gopalan Wadhwa Also directs: L&T Metro Rail (Hyderabad) Limited, J. K. Cement Limited., JK Paper Limited and 5 more | Director | 16 Jul 2019 | 7 Years 3 Months | As last reported |
| Anilkumar Manibhai Naik | Director | 18 Jul 2019 | 7 Years 3 Months | As last reported |
Showing 6 of 11 current directors and KMP. View all directors and KMP
Auditor
Mindtree Limited is audited by DELOITTE HASKINS & SELLS for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DELOITTE HASKINS & SELLS | FY 2022 | 008072S |
Shareholding
The shareholding of Mindtree Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mindtree Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹576 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Feb 2009 | 10143680 | Citibank N.A. | ₹40 Cr | Satisfied | |
| 14 Jul 2008 | 10110536 | Citibank N.A. | ₹50 Cr | Satisfied | |
| 04 Feb 2008 | 10084430 | The Hongkong and Shanghai Banking Corporation Limited | ₹130 Cr | Satisfied | |
| 10 Jul 2007 | 10059784 | The Hongkong and Shanghai Banking Corporation Limited | ₹155 Cr | Satisfied | |
| 30 Aug 2005 | 90198637 | Standard Chartered Bank | ₹50 Cr | Satisfied |
To see the full charge records of Mindtree Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Mindtree Limited has 84 deals on record (63 market trades, 10 funding rounds, 9 secondary share transfers), with disclosed funding of ₹686.26 Cr; the latest was in November 2022.
Total deals
84
Market trades
63
Funding rounds
10
Secondary share transfers
9
Acquisition
1
Disclosed funding
₹686.26 Cr
Deals on record (5 of 84)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2022 | Acquisition | Undisclosed | Buyer: LTM Limited |
| Jun 2019 | Secondary share transfer | Undisclosed | Buyer: Larsen and Toubro Limited Seller: Nalanda India Equity |
| May 2019 | Market trade | ₹244.7 Cr | Buyer: Larsen and Toubro Limited |
| May 2019 | Market trade | ₹85.43 Cr | Buyer: Larsen and Toubro Limited |
| May 2019 | Market trade | ₹323.4 Cr | Buyer: Larsen and Toubro Limited |
To see the full deal history of Mindtree Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mindtree Limited has 93 court cases on record: 50 filed by Mindtree, 43 filed against it. 4 cases are pending and 89 are disposed.
Total cases
93
Filed by the company
50
Filed against the company
43
Pending
4
Disposed
89
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 62 | 29 | 1 |
| District courts | 25 | 10 | 3 |
| Supreme Court | 5 | 4 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 93)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against Intellisis Resources Private Limited | Pending |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Intellisis Resources Private Limited and 3 others | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Mindtree Communications Private Limited and 2 others | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Mindtree Marketing Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Mindtree Mercantile Company Private Limited | Disposed |
To see the full case history of Mindtree Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Mindtree Limited was last rated by Indiarating on 17 Mar 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 17 Mar 2021 |
To see the full credit ratings and regulatory alerts of Mindtree Limited, buy the company report.
MSME payment delays
Mindtree Limited has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 2 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Mahathi Systems India Private Limited | |||
| Jabra Connect India Private Limited |
To see the full MSME payment records of Mindtree Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Mindtree Limited has a workforce of 33,802 employees on its EPFO records as of Nov 2022, across 1 active EPFO establishment.
Employee count
33,802
Active EPFO establishments
1
Employee growth
21.3%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2022-23 | 33,802 |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Mindtree Limited, buy the company report.
GST
Mindtree has 15 GST registrations: 12 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
15
Active
12
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCM8839K3ZR | Karnataka | Active | 01 Jul 2017 |
| 29AABCM8839K4ZQ | Karnataka | Active | 01 Jul 2017 |
| 29AABCM8839K5ZP | Karnataka | Active | 02 Sep 2018 |
| 21AABCM8839K1Z9 | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mindtree Limited, buy the company report.
Recent activity
Mindtree Limited has 65 board changes on record since 1999: 38 appointments and 27 cessations. The latest: Prasanna Rangacharya Mysore ceased to be Director on 01 Apr 2022.
AGM
Mindtree Limited last Annual general meeting of members was held on 13 Jul 2022 as per latest MCA records.
Ceased
Prasanna Rangacharya Mysore ceased to be Director.
Filing
Mindtree Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Bangalore.
Charges
A charge registered on 30 Aug 2005 via Charge ID 90198637 with Standard Chartered Bank was fully satisfied on 17 Feb 2022.
Charges
A charge registered on 10 Nov 2004 via Charge ID 80032686 with The Hongkong And Shanghai Banking Corporation Limited was fully satisfied on 10 Feb 2022.
Charges
A charge registered on 10 Nov 2004 via Charge ID 90198509 with The Hongkong And Shanghai Banking Corporation Ltd was fully satisfied on 09 Feb 2022.
Charges
A charge registered on 10 Feb 2009 via Charge ID 10143680 with Citibank N.A. was fully satisfied on 04 Feb 2022.
Ceased
Dayapatra Nevatia ceased to be Whole-Time Director.
Appointed
Dayapatra Nevatia was appointed as Whole-Time Director.
Ceased
Jayant Damodar Patil ceased to be Director.
Appointed
Venugopal Lambu was appointed as Whole-Time Director.
Appointed
Chandrasekaran Ramakrishnan was appointed as Director.
82 earlier events are in the company report.
News
Frequently asked questions
Mindtree has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Mindtree was a public limited company based in Bangalore, Karnataka, India. The company worked in IT consulting and support services, within the information technology industry. It was incorporated on 05 August 1999 and is registered under CIN L72200KA1999PLC025564. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Mindtree was incorporated on 05 August 1999. It is registered with the Registrar of Companies, Bangalore.
Mindtree had 11 directors and KMP:
- Debashis Chatterjee - Managing Director
- Venugopal Lambu - Whole-Time Director
- Apurva Purohit - Director
- Akshaya Bhargava - Director
- Sekharipuram Narayanan Subrahmanyan - Director
- Ramamurthi Shankar Raman - Director
- Deepa Gopalan Wadhwa - Director
- Anilkumar Manibhai Naik - Director
- Bijou Kurien - Director
- Chandrasekaran Ramakrishnan - Director
- Vinit Ajit Teredesai - Cfo
The CIN (Corporate Identification Number) of Mindtree is L72200KA1999PLC025564. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mindtree is recorded as a listed company by MCA, but its shares were delisted from BSE on 31 Mar 2023 · merger, and no longer trade on a stock exchange.
The registered office of Mindtree is at Global Village Rvce Post Mysore Road, Bangalore, Karnataka, India – 560059.
Mindtree can be reached through the website mindtree.com. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Mindtree on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 13 July 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Mindtree is 29AABCM8839K3ZR, registered in Karnataka. The company has 15 GST registrations in all, of which 12 are active and 3 are cancelled or inactive. Other active GSTINs include 29AABCM8839K4ZQ (Karnataka), 29AABCM8839K5ZP (Karnataka), 21AABCM8839K1Z9 (Odisha).
Mindtree operated in the information technology industry, in the IT consulting and support services segment.
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