November 15, 2007 - Bangalore, India

MindTree Ranked Number 1 Most Admired Knowledge Enterprise

Adjudged leader in transforming enterprise knowledge to create shareholder value

MindTree Consulting, a global IT and R&D services company, announced today that it has been ranked first among the Most Admired Knowledge Enterprises (MAKE) in India by Teleos, in association with The KNOW Network.  This was announced at KM India 2007, a CII Knowledge Summit, where the MAKE Award was presented to MindTree.  The MAKE Award recognizes organizations that are front leaders in effectively transforming enterprise knowledge into wealth-creating ideas, products and solutions.

 

A panel of senior Indian business executives and leading India-based knowledge management/intellectual capital experts found MindTree to be the best for excellence in the area of knowledge management.  “We are honored to receive this coveted recognition. We are also pleased to know that MindTree is the youngest winner of the MAKE award.  This underscores our ability to take a strategic view of knowledge assets and successfully manage our intellectual capital to create value for our customers, shareholders, people and partners,” said MindTree Consulting Chairman & Managing Director Ashok Soota.

 

MindTree’s Knowledge Management Function allows the firm to harness the knowledge and ideas of its people towards innovation, better service delivery, and organizational learning. MindTree’s approach to Knowledge Management is holistic and takes a socio-technical approach, with a strong focus on building a knowledge-centric culture. The key thrust areas of KM in MindTree are innovation, collaboration and reuse. Some of the unique platforms created to enable innovation, collaboration and reuse at MindTree include Neuron, the idea nurturing platform and systematic innovation process, Osmosis, MindTree’s annual techfest and knowledge fair, OpenMind that enables collaborative IP creation and reuse, Knowledge Communities and ConnectedMinds portal for social networks and ProjectSpace, the platform that helps in collaborative project execution.

 

“We are delighted that our unique KM vision and approach has allowed us to reach this important milestone so quickly,” said MindTree Consulting Vice President and Head-Knowledge Management, Raj Datta. “Our approach to building a complete knowledge ecosystem is a differentiator in the industry.”

 

In the MAKE study performance dimensions, MindTree was the top ranked company in ‘transforming enterprise knowledge to create shareholder value’, and ‘creating value through customer knowledge’.  It was second ranked in ‘organizational knowledge-driven culture’ and ‘creating a learning organization’.

 

Teleos, an independent knowledge management and intellectual capital research firm, administers the Most Admired Knowledge Enterprises (MAKE) program. The KNOW Network is a Web-based global community of organizations dedicated to achieving superior performance through benchmarking, networking and best practice knowledge sharing.

About MindTree Consulting

MindTree Consulting is a global IT and R&D Services Company co-headquartered in the U.S. and India.  With a passion for customer satisfaction, MindTree partners with its clients to create a transparent, value-based relationship.  Our domain experts deliver business-enabling solutions by leveraging a consulting led, framework-based and IP-driven approach.  MindTree's IT Services business provides a range of services to CIOs across a variety of industry segments.  Our R&D Services business works with Technology companies to help build innovative products by providing Product Realization services.  

 

MindTree was named among the Top 30 offshore service providers by the International Association of Outsourcing Professionals and Fortune Magazine. Widely known for its focus on human capital development, MindTree has been consistently rated as the most admired employers by several industry surveys, including Hewitt Associates and Mercer/TNS, and is also the winner of the MAKE Award for knowledge management. MindTree is publicly listed in India. Please visit us at www.mindtree.com.

Safe Harbor

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause our actual results to differ materially from those in such forward-looking statements. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.