Mindtree is a part of which group?

Mindtree Ltd was an Indian multinational information technology services and consulting company, headquartered in Bangalore. It is a part of the Larsen & Toubro Group. Since its foundation in 1999, the company has employed over 38,518 employees.

The company deals in e-commerce, mobile applications, cloud computing, digital transformation, data analytics, Testing, enterprise application integration and enterprise resource planning, with more than 307 active clients and 43 offices in over 18 countries, as of 31 March 2019.

In August 1999, Mindtree Consulting Private Limited was founded by ten IT professionals, three of which invested through an entity incorporated in Mauritius. It 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.

It became a public company on 12 December 2006 and was listed on the Bombay Stock Exchange and National Stock Exchange. Its IPO debuted on 9 February 2007 and closed on 14 February 2007. The IPO was oversubscribed by more than a hundred times.

Larsen & Toubro (L&T), an infrastructure major and one of the largest conglomerates in India, took over control of Mindtree in June 2019 and currently has a 61.08% stake in the company. L&T's take over of Mindtree was described at the time as the first hostile takeover in the Indian IT industry.