MindTree’s Chennai Operations Inaugurated by Hon’ble Minister of Communications and IT, Shri Dayanidhi Maran MindTree plans to set up a 285,000 square feet center in the city

MindTree’s Chennai campus not only adheres to global standards but also reflects the spirit of innovation that MindTree institutes in its campuses. In addition to the center at Olympia Tech Park, MindTree has also signed up for a 285,000 square feet facility at the Ascendas IT Park in Mahindra World City which is expected to be operational in 2007-08. Earlier this year, MindTree also entered into a 90 year lease agreement for 20 acres of land with the Government of Orissa. This will be used to set up a development center in Bhubaneswar.

MindTree has started full fledged operations in the Chennai centre and targets recruiting 300 people by the end of the fiscal year. MindTree will provide services in both IT related and R&D areas.

On the occasion of the inauguration, the Honorable Minister of Communications and Information Technology, Shri Dayanidhi Maran said, “I am pleased to declare open MindTree’s Chennai Operations today and wish them outstanding success in the years to come. In the decades ahead, India will need to produce hundreds of such enterprises so that the larger dream of bringing hope and prosperity to her billion children becomes a reality. I welcome MindTree to Tamil Nadu, not just so it builds great business success for itself, but for its ability to inspire many others who can build high performance organizations.”

“MindTree has emerged as one of the premier IT companies in India. In order to sustain this growth, we need to expand our presence to other key IT hubs in the country. We believe Chennai has a rich talent pool in the field of Information Technology and great work ethic. It has the reputation of being an industry-friendly state. We are confident that MindTree will benefit from its presence in Chennai and be able to attract technology talent from the neighboring states as well.” said MindTree Consulting Chairman & Managing Director, Ashok Soota.

In 2005-06, MindTree posted an impressive 83.6% growth in revenue over the previous year, thereby crossing $100 million in revenue in six years

About MindTree Consulting

MindTree Consulting is an international IT and R&D services company with development centers in India and the U.S. The Company provides end-to-end project execution through a hybrid delivery model called OneShore™.

Founded six years ago in Bangalore, India, MindTree has grown to a more than 3,900-strong team providing IT and R&D solutions to Global 2000 companies. The company offers IT services in application development and maintenance, business intelligence solutions, ERP and supply chain management, testing, Mainframe and iSeries support and enhancement. MindTree also provides R&D Services in the areas of product and board design, operating systems, protocol engineering, embedded applications, product testing and licensing of intellectual properties.

MindTree has been given the MAKE award for excellence in the area of Knowledge Management. MindTree has been named the leading service provider in the “Human Capital Development” category by Global Services magazine. MindTree was also among the top 10 leading IT service providers worldwide on the publication’s inaugural 2006 Global Services 100 ranking. MindTree was rated among the world’s top 30 offshoring service providers by the International Association of Outsourcing Professionals. MindTree also figures in several best employer surveys that it participated in during the last three years. For more information, please visit www.mindtree.com.