Bangalore, INDIA, October 17, 2011: In its sixth year of operations, global IT and Product Engineering Services Company MindTree became the fastest Indian IT services company to cross $100 million in annual revenues. Human resource-wise the company has also crossed the “10,000 MindTree Minds” landmark – to be exact, adding 1478 people to reach a total staff strength of10,580, in this quarter.
“I believe that our ability to re-invent ourselves towards being an expertise-led organization will take us to our next target of $1 billion in revenues.” said MindTree CEO and Managing Director, Krishnakumar Natarajan.
Consolidated Financial Highlights for the Second Quarter ended September 30, 2011 show that the company saw a 23% year onb year growth in revenue in dollar terms to reach $101.34 million.
MindTree had 270 active customers, including 43 Global Fortune 500 Companies.