Tag: Mindtree

The amalgamated entity will be named as 'LTIMindtree Limited', subject to approvals Closing Timeline and Approvals.

Subroto Bagchi and N S Parthasarathy were co-founders of Mindtree, a Bengaluru-headquartered information technology services and consulting company.

As the demand for IT services and tech professionals remain strong, many companies are witnessing a manpower squeeze to cater to the client requirements. Even elevated attrition levels are acting as a double whammy. Big IT firms such as TCS, Infosys, Wipro and others have doubled up their hiring activities.

It is a well-established fact that the attrition rate of leading IT companies in India is now at an all-time high. As a result, companies are facing acute talent crunch as voluntary job switching & resignations are rising.

Bhubaneswar: Subroto Bagchi, the co-founder of leading IT services company Mindtree and newly-appointed chief of Odisha Skill Development Authority (OSDA), assumed office on Sunday. Bagchi will be given the rank of cabinet minister and report to the Chief Minister, Naveen Patnaik. He will draw a salary of Rs 1 per year for his services to […]

Bhubaneswar: Subroto Bagchi, the co-founder of leading IT services company Mindtree and newly appointed chief of Odisha Skill Development Authority, today said his immediate aim is to make the youths of the state skilled and independent like their counterparts in developed countries of the world.

An Indian woman IT consultant, employed with Bengaluru-based tech firm MindTree, was stabbed to death while she was walking home from work in the Australian city of Sydney, police said today

Bhubaneswar: Subroto Bagchi, one of the co-founders of Mindtree and a well-known IT entrepreneur, on Sunday resigned as the head of Odisha Skill Development Authority (OSDA) stating that he will return to the information technology company in Bengaluru. He said that there is an imminent threat of hostile takeover of Mindtree which has forced him […]

Mumbai: Refusing to accept Larsen & Toubro Ltd’s takeover of IT services firm Mindtree as hostile, L&T Managing Director and Chief Executive Officer S.N. Subrahmanyan on Tuesday said it was an “act of love and with all the heart”. “What we are trying to do is, if I can use the word ‘pyar’.. and we […]

New Delhi: Amidst a takeover bid, IT services firm Mindtree’s founder and former CEO, Subroto Bagchi, has revealed that he along with other promoters — Krishnakumar Natarajan, Rostow Ravanan and Parthasarathy N.S. — were “offered huge bags of money to give Mindtree away”. In a letter to employees, Bagchi said: “KK, Rostow, Partha and I […]

Bengaluru: Global software major Mindtree on Tuesday decided not to proceed with its proposal to buy back its shares after infrastructure major Larson and Toubro (L&T) made an open offer to acquire 31 per cent of equity capital for Rs 3,050 crore. “The company’s board of directors at its meeting on March 26 has decided […]

Mumbai: Larsen & Toubro (L&T) has bought around 20 per cent stake of V.G. Siddhartha and Cafe Coffe Day (CCD)’s stake in Mindtree through block deal worth around Rs 3,200 crore. L&T bought 3.27 crore shares held by Siddhartha and Cafe Coffee Day on Tuesday at Rs 980 per share, according to a BSE data. Mindtree’s […]

Bengaluru: Leading IT consulting firm Mindtree on Wednesday reported Rs 93 crore net profit for the first quarter of fiscal 2019-20 against Rs 158 crore in the same period a year ago, which is a 41 per cent annual decline. Sequentially too, the city-based software services firm, reported 53 per cent plunge in net profit […]

Bhubaneswar: Nothing is impossible if you continuously work towards your goal, said Amita Panda who recently bagged the Mrs Universe 2019 title in China. A software engineer by profession, Amita was accorded a grand reception when she arrived at Bhubaneswar airport on Thursday. It is not for the first time that Amita has proved her […]

Ahmedabad: Noted Odia writer Susmita Bagchi and her renowned entrepreneur husband Subroto Bagchi, the co-founder of Mindtree, have endowed a Chair Professorship in public health at Ahmedabad University. Ahmedabad University has announced the School of Public Health and is looking for a Dean to lead the school. The Dean’s chair would be called the Susmita […]