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MindTree Wins Contracts Worth $70M

MindTree Limited has bagged two contracts worth around $70M. The deals were with a technology and communications service provider in Europe, and a US bank, according to the company. The European deal is MindTree's single largest multi-year win so far. The company did not provide the names or any other additional details on the contracts, like size of the individual deals.

The contracts position the company for similar large scale infrastructure management services (IMS) projects in the future, said its senior vice president and head of Infrastructure Management and Technical Support (IMTS), Ram C Mohan. "MindTree was chosen over significantly larger competition in both cases," Mohan added.

MindTree's IMTS business employs some 1000 people, and is one of the company's fastest growing service lines.

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