MindTree to touch 1,000 headcount by March 2004

By SiliconIndia   |   Monday, 28 July 2003, 07:00 Hrs
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BANGALORE: IT consulting major MindTree Consulting plans to boost its head count by 25 per cent by March 2004, according to a news agency.

The company which has an employee strength of 800 at present, proposes to have "more than 1,000 employees" by March 2004, MindTree Consulting president and CEO (enterprise business) Krishnakumar Natarajan was quoted as saying by the news agency.

The IT firm headed by former Confederation of Indian Industry (CII) chairman Ashok Soota, has its development centre in Bangalore and is aiming at an expansion. "We feel we should have about 1,500 employees in one location and as we are nearing this number, we have begun thinking of options of expansion that are available", Natarajan said.

The company has added more than a dozen new clients to its portfolio across the two businesses (IT consulting and business development initiative) during the first quarter. These are mostly from financial services, manufacturing industries and product realization space, Natarajan said.

MindTree recently entered into a "Masterconsulting Agreement" with auto major, TVS Motor Company. The project aims at optimising TVS' marketing and dealership network, MindTree senior director (India Business) R Radha said.

Under this arrangement, MindTree will conceptualize and develop an extended enterprise system for TVS that will enable the latter to build a "more efficient relationship" with their business associates across the country, Radha said.

"MindTree does not offer typical IT solutions. It goes much beyond the ERP area, adopting a consultative approach. Over ten vendors were evaluated and ultimately we chose MindTree as it matches the requirement best", TVS Motor Company manager Nilesh Auti said.

Business analysts of MindTree will be working on this strategy-sharing project, "as they not only speak the language of the customer, but will also act as catalysts in the marketing process", Radha said.

MindTree has offices in both coasts of the US, Europe, Singapore and Japan and also actively started its business initiative in the Middle-East. However, "the company does not have any plans to enter the Chinese market", Natarajan said.

On expanding relationship with existing clients, he said as the concept of offshore is gaining momentum, "more and more of our customers are interested in building long-time relationship with us, transferring more critical applications to us".

This has resulted in great volume of business being shifted to the company's offshore development centre.

MindTree supports a client base that includes Avis, Volvo, Cisco, United Technologies and Franklin Templeton.

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