When was Mindtree founded?

Mindtree was founded in 1999 and raised its 1st funding round within a year of its incorporation.

Where is Mindtree located?

Mindtree is headquartered in Bengaluru, India. It is registered at Global Village,RVCE Post, Mysore Road, BANGALORE, Karnataka, India, 560059.

How many employees does Mindtree have?

As of Sep 30, 2026, the latest employee count at Mindtree is 27514.

Is Mindtree a funded company?

Mindtree is a funded company, having raised a total of $23.9M across 2 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on 1999.

When was the latest funding round of Mindtree?

Mindtree's latest funding was a $***** Series B round on Aug 01, 2001, with participation from 4 investors.

What is the annual revenue of Mindtree?

Annual revenue of Mindtree is more than ₹1,000 Cr as on Mar 31, 2025

Where does Mindtree rank among its competitors?

Mindtree ranks 8th amongst 136044 active competitors, of which 977 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Hewlett Packard Enterprise, which secured $118K in Sep, 2025.

Who are the top competitors of Mindtree?

Mindtree's top competitors include UST, IBM and Infosys. Among them, Hewlett Packard Enterprise secured the most recent funding round in September, 2025.

Mindtree - 2026 Company Profile, Team, Funding, Competitors & Financials

Mindtree is an acquired company based in Bengaluru (India), founded in 1999 by Subroto Bagchi. It operates as a Consulting and implementations company. Mindtree has raised $23.9M in funding from investors like Global Technology Ventures, Walden International and Walden Israel. The company has 136044 active competitors, including 977 funded and 7702 that have exited. Its top competitors include companies like UST, IBM and Infosys.

Company Details

MindTree is an outsourcing solutions provider with services in engineering, information technology, quality assurance, digital media, strategy and consulting, research and development, and also infrastructure management services. MindTree solution set offers Bluetooth solutions, digital video surveillance, and SAP insurance. MWatch is a solution offered by the company for IT infrastructure management and service platform, which gives an end to end view of infrastructure and applications.

Website: www.mindtree.com
Social
Email ID: *****@mindtree.com
Phone Number: +91 **********
Registered Address: Global Village,RVCE Post, Mysore Road, BANGALORE, Karnataka, India, 560059

Key Metrics

Founded Year

1999

Location

Bengaluru, India

Stage

Acquired

Total Funding

$23.9M in 2 rounds

Latest Funding Round

Series B, Aug 01, 2001, $*****

Investors

Global Technology Ventures & 10 more

Ranked

8^th among 136044 active competitors

Annual Revenue

₹1,000+ Cr as on Mar 31, 2025

Employee Count

27,514 as on Sep 30, 2026

Investment & Acquisitions

COPE Health Solutions & 7 more

Similar Companies

UST & 159718 more

Exit Details

Acquired by Larsen Toubro (Mar 01, 2019)

View Mindtree's full profile

Mindtree is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
LTIMINDTREE FOUNDATION CIN: U80212KA2007NPL044425 , India, Active	Nov 20, 2007	₹50 - ₹100 Cr (As on Mar 31, 2025)	-
MINDTREE LIMITED CIN: L72200KA1999PLC025564 , India, Amalgamated	Aug 05, 1999	₹1,000+ Cr (As on Mar 31, 2025)	33802 (As on Nov 30, 2022)

Mindtree got acquired by Larsen Toubro on Mar 01, 2019.

Click here to take a look at Mindtree's acquisition in detail

Mindtree has raised a total funding of $23.9M over 2 rounds. Its first funding round was on 1999. Its latest funding round was a Series B round on Aug 01, 2001 for $*****. 4 investors participated in its latest round. Mindtree has 11 institutional investors.

Here is the list of recent funding rounds of Mindtree:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 01, 2001	7872524	Series B	5060868	3569179	7004988	5241433
1999	2823	Series A	6137	7809	Walden Israel & 1 more	9501

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View details of Mindtree's funding rounds and investors

The founders of Mindtree is Subroto Bagchi.

Here are the details of Mindtree's key team members:

Subroto Bagchi: Former Co-Founder of Mindtree.

Mindtree's Board of Directors

Mindtree's board has 10 active members. Debashis Chatterjee is part of team and Bijou Kurien, Deepa Gopalan Wadhwa, Apurva Purohit, Anilkumar Manibhai Naik, Ramamurthi Shankar Raman, Sekharipuram Narayanan Subrahmanyan, Venugopal Lambu, Akshaya Bhargava and Chandrasekaran Ramakrishnan Kolumam are independent board members.

Here is the list of Mindtree's board of directors:

Name	Type	Representing	Status	Duration
jm{fkpa	Team	-	Current	7y 5m
Bijou Kurien	Independent board member	-	Current	8y 1m
xfzotit	Independent board member	-	Current	6y 5m
oupistx	Independent board member	-	Current	7y 8m
yttrwkt	Independent board member	-	Current	6y 6m
{vzor{l	Independent board member	-	Current	7y 9m
eipdi{{	Independent board member	-	Current	4y 7m
bvlwgcc	Independent board member	-	Current	6y 9m
{atqadp	Independent board member	-	Current	7y 8m
cvucp{n	Independent board member	-	Current	3y 9m

View details of Mindtree's Founder profiles and Board Members

Mindtree's employee count trend

Mindtree has 27,514 employees as of Sep 26. Here is Mindtree's employee count trend over the years:

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Top competitors of Mindtree include UST, IBM and Infosys. Here is the list of Top 10 competitors of Mindtree, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	UST 1999, Aliso Viejo (United States), Late Stage	Provider of data analytics, cloud modernization, management strategy, and digital transformation services	$250M	Temasek, MFAR & 1 others	76/100
2nd	IBM 1911, Armonk (United States), Public	Provider of hybrid cloud, artificial intelligence, and IT consulting services	-	Berkshire Hathaway, Runway & 22 others	76/100
3rd	Infosys 1981, Bengaluru (India), Public	Provider of consulting, data analytics, and IT services	-	Nepean Capital, Seaside Private Capital & 1 others	75/100
4th	Hewlett Packard Enterprise 2015, Houston (United States), Public	Provider of edge-to-cloud solutions, products, and services for enterprise organizations	-	Kleiner Perkins, Draper Athena & 3 others	74/100
5th	Datamatics 1975, Mumbai (India), Public	Provider of digital technologies, business process management, analytics, and automation services	$3M	IIML	73/100
6th	Happiest Minds Technologies 2011, Bengaluru (India), Public	Provider of IT suite services	$64.8M	Canaan, Trident Trust & 37 others	73/100
7th	Virtusa 1996, Westborough (United States), Acquired	IT services company	$45.2M	EQT, Back Bay Group & 8 others	73/100
8th	Mindtree 1999, Bengaluru (India), Acquired	Consulting and implementations company	$23.9M	WestBridge Capital, Nalanda Capital & 9 others	73/100
9th	Sutherland 1986, Pittsford (United States), Late Stage	Provider of business process and technology management services	$60M	Affirma Capital, Oak Investment Partners & 3 others	73/100
10th	Accenture 1989, Dublin (Ireland), Public	Provider of IT consulting, technology, and outsourcing services	-	ngn-capital.com, Bondeinvest.com & 6 others	73/100

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Mindtree has made 1 investments in companies including COPE Health Solutions. Mindtree has also acquired 7 companies including Magnet 360 and Relational Solutions.

Here is the list of investments & acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Apr 05, 2022	Investments	COPE Health Solutions	2002	Los Angeles (United States)
Jan 18, 2016	Acquisition	Magnet 360	2008	Minneapolis (United States)
Jul 16, 2015	Acquisition	Relational Solutions	1996	North Olmsted (United States)