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MindTree enters Deloitte Technology Fast 500 APAC list

Posted: 15 Jan 2010     Print Version  Bookmark and Share

Keywords:Deloitte Technology Fast 500  revenue 

MindTree Ltd has been ranked one of the fastest growing technology companies in Asia Pacific by Deloitte Technology Fast 500 Asia Pacific 2009. The rankings are based on revenue growth over the past three years, and MindTree's technology innovation and customer commitment has propelled its revenue growth to rates of more than 109 per cent over the past three years.

"We are very pleased that we have been ranked by Deloitte Technology Fast 500 Asia Pacific as amongst the fastest growing technology companies in Asia Pacific," said MindTree's CEO and managing director Krishnakumar Natarajan. "In the last three years, MindTree has realised strong revenue growth, which can be attributed to our differentiated positioning as a 'summation of specialists', and focus on customer success through innovative solutions and happy people. As the global economy improves, we look forward to maintaining a high growth rate, and achieve our vision of Rs.4682.22 crore ($1 billion) in revenues by FY 2014."

"Making it to the Deloitte Technology Fast 500 Asia Pacific ranking is a testament to a company's commitment to technology," said Deloitte's Technology Fast 500 Asia Pacific programme partner in charge, Yoshitaka Asaeda. "With its growth rate over the past three years, MindTree has proven that its leadership has the vision and determination to grow in difficult conditions."

The Technology Fast 500 list is compiled from Deloitte's Technology Fast 50 Asia Pacific programmes, nominations submitted directly to the Technology Fast 500, and public company database research.

Entrants must also be public or private companies headquartered in Asia Pacific and must be a "technology company," defined as a company that owns proprietary technology that contributes to a significant portion of the company's operating revenues, manufacture a technology related product, or devotes a significant proportion of revenues to the research and development of technology.

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