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MindTree centre in city by 2008

Staff Reporter

Construction of the development centre progressing at a brisk pace

BHUBANESWAR: MindTree Consulting Limited, an IT and R and D Services Company, will be setting up its sixth development centre in Bhubaneswar by the end of 2008, said company's Chief Operating Officer Subroto Bagchi here on Wednesday.

"Construction of the development centre is proceeding at a fast pace. By the end of the 2008, we shall be able to set up our sixth development centre, which would be a world class campus," Mr. Bagchi said here after conducting an induction programme for 200 new employees from the State.

MindTree has increased its staff strength to 4162 by adding 1034 during the last financial year.

Mr. Bagchi said C&T Architects of Bangalore had been entrusted with the task of designing the campus, which would be coming up in the Infocity here.

The company has opened offices in Dallas, Munich, Stockholm and Sydney, bringing the total number of worldwide offices to 18 while it has just started its operation in Chennai and acquired 20 acres of land in Bhubaneswar.

It launched its Infrastructure Management and Tech Support Practice (IMTS) and 17 new customers were added during the recently completed quarter, bringing the current active customer base to 155.

Company's profit after tax grew by 66.1 per cent while revenue by 31.5 per cent during the last fiscal.

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