# MindTree

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mindtree

- Industry: IT Infrastructure
- Headquarters: Bangalore, India
- Total disclosed funding: $24M
- Latest round: Series B (Aug 1, 2001)
- Investors on record: 3

## About

Based in India, MindTree Ltd. is a leading technology consulting and digital solutions firm dedicated to driving business transformation and innovation across multiple industries worldwide.

Founded in 1999 in Bangalore, India, MindTree Ltd. specializes in technology consulting and digital solutions. The company, led by founders Subroto Bagchi, Krishnakumar Natarajan, Rostow Ravanan, N.S. Parthasarathy, Ashok Soota, Scott Staples, Anjan Lahiri, Kalyankumar Banerjee, Janakiraman, and Kamran Ozair, has undergone significant growth over the years. In May 2022, Larsen & Toubro Infotech Limited, a portfolio company of HDFC Holdings and ICICI Prudential Asset Management merged with MindTree Ltd., a portfolio company of Birla Sun Life Asset Management, ChrysCapital, FIL Investment Management, HDFC Holdings, ICICI Prudential Asset Management Company Ltd, Larsen & Toubro Infotech Limited, Max Financial Services Limited, NTAsset, Reliance Capital, The New India Assurance to from LTIMindtree.

MindTree offers a broad array of technology consulting and digital solutions, including cloud consulting, data insights, cyber security, digital engineering, and enterprise applications, to facilitate business transformation. The company serves diverse sectors such as banking and financial services, insurance, retail, and healthcare, delivering customized solutions to meet clients' specific requirements. Key clients include firms like Gen Re and OKQ8, with services deployed across North America, Europe, Asia-Pacific, and the Middle East.

## Funding rounds

- Series B, Aug 1, 2001, $14M — Capital Group Private Markets, Walden Catalyst, Global Technology Ventures
- Series A, Jun 1, 2000, $9.5M — Walden Catalyst, Global Technology Ventures

## Investors

- Walden Catalyst (https://capitalatlas.ai/funds/walden-catalyst) — Series A, Series B
- Global Technology Ventures (https://capitalatlas.ai/funds/global-technology-ventures) — Series A, Series B
- Capital Group Private Markets (https://capitalatlas.ai/funds/capital-group-private-markets) — Series B