MindTree Ltd-Born digital

Mindtree is an Indian multinational company that provides information technology solutions and consultancy services to businesses. It was founded by Subroto Bagchi, Ashok Soota, Krishnakumar Natarajan, Anjan Lahiri in August 1999 out of Bangalore, India.Mindtree was funded by the venture capital firms Walden International and Sivan Securities, and received further funding in 2001 from the Capital Group and Franklin Templeton. Mindtree was started due to the IT revolution and New Economic Indian Policy as a business process outscoring company. They went public on 17th February, 2007 being oversubscribed over 100 times.

Mindtree currently trades at 3200-3400INR with a market cap of 550B$. Their success is owed to their strategic location in India which as a developing country has a large supply of skilled labour. This allows foreign businesses to readily outsource their business processes at reduced costs. Mindtree works in Application Development and Maintenance, Data Analytics, Digital Services, Enterprise Application Integration and Business Process Management, Engineering R&D, Enterprise Application Services, Testing, and Infrastructure Management Services.

Mindtree has a median price forecast of 3800INR with a high prediction of 4350INR and a low prediction of 3500INR. The median represents a 32% increase from the latest trading price.The pandemic accelerated the overall digital foundation of the companies, which means that they are in a better position to drive some of the key transformation projects in the next fiscal year. This digital transformation will allow increased revenue from services and solutions for MindTree.

Mindtree is a digital transformation and Technology service-oriented company that delivers its services from ideation to execution. It provides services in e-commerce, mobile applications, cloud computing, digital transformation, data analytics, EAI and ERP and testing. It has more than 340 enterprise clients and 43 offices in 17 countries. Mindtree's business is structured around clients in verticals such as Banking, Capital Markets, Consumer Devices & Electronics, Consumer Packed Goods, Independent Software Vendors, Manufacturing, Insurance, Media & Entertainment, Retail, Semiconductors and the Travel and Hospitality industry. Mindtree's workforce includes thousands of employees who serve as Microsoft Azure outsourced support agents. Mindtree is optimistic about the demand environment across all our chosen verticals and continues to see improvement in our win ratio. Their continuing strategic investments in expertise for Domain, Digital and Run are clearly recognized by the market.Their four strategic priorities elaborated earlier in 2019 viz. Digital Packages and Platforms, Focused Innovation for Run and Grow, Consulting First and Automation will enable Mindtree to establish market leadership and provide industry-leading returns to the stakeholders. The business model of Mindtree is one followed by many IT firms across the globe which is outsourcing. Outsourcing creates a win-win situation for the customer and the business. The customer can focus on their core business while their day to day processes are sourced out to companies in cheaper countries with skilled workers. The backing of L&T for capital and networking has allowed scalability and provided global presence to Mindtree. Mindtree is amidst a merger with L&T infotech which is another news that has been positively perceived by the stock market. Mindtree is a growth stock which will provide short term as well as long term returns.