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Mindtree changing business focus to get back on track
Wednesday, 16th March 2011
Mindtree, hit by a series of bad news recently, seems set to get back on track. The Bangalore-based company has revamped itself as it aims to simplify its business structure and focus on being a specialist in certain areas.

�The discussion has been going on over the past two to three months. After our restructuring in 2008, this will perhaps be one of the largest and significant rejigs. This is also a part of the directional strategy the company will take as it steps into the new financial year. One of the key elements of this rejig has been to chose segments that we do not want to be in,� said Krishnakumar Natarajan MindTree chief executive officer and managing director.

As part of this rejig, it has consciously chosen to move out of certain segments and to consolidate some divisions. MindTree now has two market-facing segments � IT services, and Product and Engineering Services (PES). The change will be effective from April 1.

Under its IT services focus, MindTree will have four major verticals � banking and finance services and insurance, manufacturing, travel and transportation and others. It has opted to move out of energy and utility.

In terms of growth enablers, the company has identified three horizontal offerings: DAS, infrastructure manufacturing services (IMS), and independent testing. These three segments will run horizontal across verticals. The company recently closed $70 million (Rs 315 crore) worth of two deals in the IMS segment.
Publication : Business Standard
TAGS : mind tree  verticals  


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