In the Centi-Million Club ; Mindtree Consulting Is Now a $100-Million Company. It's On a Steep Growth Trajectory, but Will Have to Address Some Areas of Concern Asap.

Summary

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The headline looks interesting: MindTree Consulting has notched up revenues of $100 million (Rs 450 crore); the qualification, that it is one of the youngest Indian it companies to do so makes its feat even more impressive. The Big Three of Indian IT-TCS, Wipro and Infosys-had taken 29, 18 and 17 years, respectively, to reach this landmark. The body text and the fine print also look fine, except for a couple of small blips. But more on that later.

First, the headline: of MindTree's 2005-06 topline of $102 million (Rs 459 crore), 75 per cent comes from it services, which provides the bread and butter for all Indian it majors. But TCS, Wipro and Infosys have revenues of about a couple of billion dollars (Rs 9,000 crore) and headcounts of 50,000-plus employees each. Can the relatively puny MindTree, with 3,200 employees, stand up to its bigger rivals? Subroto Bagachi, COO, MindTree, is confident it can. "Customers are looking for agility, accessibility and attention at every level of engagement, which we are able to provide. This is a key differentiator for MindTree," he says.

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In the Centi-Million Club ; Mindtree Consulting Is Now a $100-Million Company. It's On a Steep Growth Trajectory, but Will Have to Address Some Areas of Concern Asap.

Treading the path others have walked before, the company is trying to verticalise its services business. N. Krishnakumar, President and CEO, IT Serv...

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