MindTree Named as a Leading Mid-Sized Service Provider by Everest Research Institute

Everest cites MindTree’s strong competitive position and growth along with its focus on Infrastructure Management Services, for Travel, Banking, Financial Services, Insurance (BFSI) industries, manufacturing, and strategic focus on Testing and Product Engineering Services as key differentiators of the company. According to the report, MindTree has significantly outgrown India’s offshore IT services industry over the past three years with a 27 percent compound annual growth rate (CAGR) compared to 17 percent for the overall market.



“Mid-sized services companies have established themselves as an important part of the Indian IT services landscape. However those that differentiate their offerings and deliver business value beyond cost savings, are the ones that are strongly positioned for growth in the competitive global services marketplace.” said Jimit Arora, Research Director, Everest Research Institute. “Under the guidance of an experienced leadership team, MindTree has separated itself from the pack of mid-sized providers and established a leadership role by operating strategically, thinking globally, and offering domain and service expertise in line with customer needs.”



According to the report, mid-sized providers represent approximately 30 percent of India’s offshore IT services market. Everest defines mid-sized companies as those with revenues in the range of $100 million to $1 billion. The delivery footprint of these companies is largely concentrated in India.



“IT organizations from the small and medium business (SMB) to the Fortune 500 enterprise are increasingly realizing the value that mid-sized service companies can bring to their business.” said Krishnakumar Natarajan, CEO and managing director, MindTree. “MindTree has built a diversified portfolio of services built around our market understanding and technical expertise, to address the specific challenges these customers face. As recognized by Everest Research, our efforts have strongly positioned MindTree to not only be a leader among similarly-sized services companies, but to also compete with the larger providers and win business in our areas of expertise.”



The report also recognizes MindTree’s global delivery model as a key differentiator. MindTree’s hybrid delivery model called ‘OneShore’ infuses global development from multiple locations, but with one vision. This approach enables relationships that balance quality, cost savings and localization, while enhancing collaboration and project management. Through the OneShore™ model, customers gain access to a transparent partner that delivers business results.