PNB MetLife Announces INR 594 Crore Bonus For 4.95 Lakh Participating Policyholders

* The bonus amount for FY22 is 12% higher than that of FY21 and the highest since the company’s inception

PNB MetLife India Insurance Company Limited (PNB MetLife) has announced a bonus of INR 594 crore for all eligible policyholders of participating products for FY22. 

The insurance company has been consistently declaring bonuses on participating products every year, and the bonus amount for FY22 is 12% higher than that of FY21. This bonus sum will benefit 4.95 lakh customers whose policies were in force as of 31st March 2022.

Ashish Kumar Srivastava, MD & CEO, PNB MetLife, said, “As a company, our business goals orbit around customer-centricity and we strive to assist our clients in building a more secure financial future. Though the pandemic outbreak led to market volatility, we at PNB MetLife have been able to deliver consistent returns to our policyholders as a result of our prudent management practices. We are happy to announce that our annual bonus in FY22 is INR 594 crore and this is the highest bonus that we have ever given out since our inception. Our customers placed their trust in is to help them achieve their long-term financial goals, and we believe that this incentive will do exactly that.”

A policyholder bonus is the share of profits generated by the company’s participating fund which is paid to the customers at specific benefit events. PNB MetLife’s strong fund management capabilities coupled with robust risk management practices have enabled the company to reward policyholders with consistent bonus pay-outs. Significant peer fund and benchmark index outperformance across key categories in a competitive market make PNB MetLife a preferred choice for our policyholders in their journey of long-term wealth creation.

At PNB MetLife, customer-centricity permeates all aspects of PNB MetLife's operations. The company follows the ‘Circle of Life’ approach, which offers solutions for different life stages, including child education, family protection, long-term savings as well as retirement benefits. Customers who invest in our life insurance plans like the PNB MetLife Century Plan, PNB MetLife Super Saver, PNB MetLife Retirement Savings Plan, and PNB MetLife Bachat Yojana benefit from both life insurance coverage which ensures their goals are secured and the opportunity to create wealth through bonus accruals and pay-outs.

About PNB MetLife India Insurance Company Limited

PNB MetLife India Insurance Company Limited (PNB MetLife), one of the leading life insurance companies in India (Source – CRISIL), has as its shareholders MetLife International Holdings LLC. (MIHL), Punjab National Bank Limited (PNB), M. Pallonji and Company Private Limited Jammu & Kashmir Bank Limited (JKB), and other private investors, with MIHL and PNB being the majority shareholders.

For more information, follow us on Twitter @PNBMetLife1, www.facebook.com/PNBMetLife, or visit www.pnbmetlife.com.

·         The marks “PNB” and “MetLife” are the registered trademarks of Punjab National Bank and Metropolitan Life Insurance Company, respectively. PNB MetLife India Insurance Company Limited is a licensed user of these marks”.

LTI Constant Currency Revenues Grow 26.6% YoY; Net Profits Up 27.7% YoY

Larsen & Toubro Infotech (BSE code: 540005, NSE: LTI), a global technology consulting and digital solutions company, announced its Q1 FY23 results today.

In US Dollars:

Revenue at USD 580.2 million; growth of 1.7% QoQ and 23.4% YoY

Constant Currency Revenue growth of 2.9% QoQ and 26.6% YoY

In Indian Rupees:

Revenue at INR 45,228 million; growth at 5.1% QoQ and 30.6% YoY

“We are pleased to report 26.6% YoY revenue growth in constant currency. We added 4 Global Fortune 500 logos to our client list in Q1, taking our total Global Fortune 500 customers to 77. We are also happy to announce 4 large deal wins during the quarter with net new TCV of US$ 79mn.”  

- Sudhir Chaturvedi, President Sales & Executive Board Member

“Our healthy pipeline will ensure that we maintain our large deal momentum. Our sustained net headcount addition reflects our confidence and continued focus to deliver strong growth in FY23”

- Nachiket Deshpande, Chief Operating Officer & Executive Board Member

Net Income at INR 6,344 million; decrease of 0.5% QoQ and growth of 27.7% YoY

Recent Deal Wins

-          Selected by a Global Fortune 500 energy company for management and implementation of a safety program across their operations

-          Chosen by a global organization present in over 130 countries involved with protecting human rights to transform their data management, collaboration and communication solutions, digital experience, and ERP landscape

-          Engaged by a Global Fortune 500 technology company to develop, support and enhance solutions for products on their hybrid cloud and AI platforms

-          One of the largest financial institutions in the Middle East has selected LTI for a multi-year managed services contract to transform their channels landscape under “Change the Bank” initiative

-          A Global Fortune 500 food and services company has chosen LTI for a managed services deal to provide support and enhancements for SAP applications, Anaplan and other AWS Infrastructure and security apps

-          Selected by a full-service broker as a strategic partner for managing their mission critical applications. LTI will perform development, maintenance, and production support services for applications while reducing cost and improving operational efficiency

-          Selected to set up an automated and integrated governance, risk, and compliance (eGRC) solution for one of the largest Smart Cities coming up in the Middle Eastern region

-          Engaged by a Global Fortune 500 technology and manufacturing company to deploy a strategic sales solution across locations to ensure an efficient and smooth sales process

-          One of India’s largest private sector banks has chosen LTI for managing their Security Operations Center (SOC) using analytics and artificial intelligence for advanced threat monitoring, detection, remediation, and risk management processes

-          Chosen by a key group member of an international financial organization to design and architect cloud native enterprise applications on Azure cloud platform

-          Selected by a large insurance and financial services provider for implementation of Guidewire InsuranceNow platform for several new products and services rollouts to increase efficiency

Analyst Recognitions

-          Fosfor by LTI Positioned as a Major Contender in Everest Group’s Intelligent Document Processing (IDP) – Technology Provider Landscape with Products PEAK Matrix® Assessment 2022

-          LTI recognized in 2022 Gartner® Magic Quadrant™ for Oracle Cloud Application Services, Worldwide

-          LTI recognized in The Forrester Now Tech: Cloud Migration and Managed Service Partners In Asia Pacific, Q2 2022

-          LTI recognized in 2022 Gartner® Competitive Landscape: IT Service Providers to the Global Insurance Industry

Awards & Other Business Highlights

-          LTI has been named the GSI Global Delivery Platform Partner of the Year by Snowflake, the Data Cloud company. The award demonstrates LTI’s leadership and excellence, as an Elite Partner of Snowflake, in accelerating migrations and implementations on the Snowflake Data Cloud at speed and scale

-          LTI won multiple accolades at the Institutional Investor 2022 Rest of Asia ex-Mainland China Executive Team rankings.  LTI has been ranked amongst the top 3 across all sell-side categories in the Technology/IT Services & Software space. It was also recognized in the ‘Most-Honored’ Companies Asia List 2022

-          LTI has been ranked among the top 5 players in the latest IT Sourcing study for the Nordic region by Whitelane Research and PA Consulting

-          LTI expanded its operations by setting up a new facility in Kolkata. The new center marks company’s expansion in the Eastern region of the country and is designed to meet the requirements of a futuristic and modern workplace

Emirates Statement On Flight Operations At London Heathrow Airport

Emirates values our partnerships with airport stakeholders across our network with whom we engage continuously, and collaboratively, to secure our flight operations and ensure minimal customer disruption, particularly over the peak travel months. 

It is therefore highly regrettable that LHR last evening gave us 36 hours to comply with capacity cuts, of a figure that appears to be plucked from thin air. Their communications not only dictated the specific flights on which we should throw out paying passengers, but also threatened legal action for non-compliance. 

This is entirely unreasonable and unacceptable, and we reject these demands. 

At London Heathrow airport (LHR), our ground handling and catering – run by dnata, part of the Emirates Group - are fully ready and capable of handling our flights. So the crux of the issue lies with the central services and systems which are the responsibility of the airport operator. 

Emirates is a key and steadfast operator at LHR, having reinstated 6 daily A380 flights since October 2021. From our past 10 months of regularly high seat loads, our operational requirements cannot be a surprise to the airport. 

Now, with blatant disregard for consumers, they wish to force Emirates to deny seats to tens of thousands of travellers who have paid for, and booked months ahead, their long-awaited package holidays or trips to see their loved ones. And this, during the super peak period with the upcoming UK holidays, and at a time when many people are desperate to travel after 2 years of pandemic restrictions. 

Emirates believes in doing the right thing by our customers. However, re-booking the sheer numbers of potentially impacted passengers is impossible with all flights running full for the next weeks, including at other London airports and on other airlines. Adding to the complexity, 70% of our customers from LHR are headed beyond Dubai to see loved ones in far flung destinations, and it will be impossible to find them new onward connections at short notice. 

Moving some of our passenger operations to other UK airports at such short notice is also not realistic. Ensuring ground readiness to handle and turnaround a widebody long-haul aircraft with 500 passengers onboard is not as simple as finding a parking spot at a mall. 

The bottomline is, the LHR management team are cavalier about travellers and their airline customers. All the signals of a strong travel rebound were there, and for months, Emirates has been publicly vocal about the matter.  We planned ahead to get to a state of readiness to serve customers and travel demand, including rehiring and training 1,000 A380 pilots in the past year. 

LHR chose not to act, not to plan, not to invest. Now faced with an “airmageddon” situation due to their incompetence and non-action, they are pushing the entire burden – of costs and the scramble to sort the mess - to airlines and travellers. 

The shareholders of London Heathrow should scrutinise the decisions of the LHR management team. 

Given the tremendous value that the aviation community generates for the UK economy and communities, we welcome the action taken by the UK Department for Transport and Civil Aviation Authority to seek information from LHR on their response plans, systems resilience, and to explain the seemingly arbitrary cap of 100,000 daily passengers. Considering LHR handled 80.9 million passengers annually in 2019, or a daily average of 219,000, the cap represents greater than a 50% cut at a time when LHR claims to have 70% of ground handling resources in place.  

Until further notice, Emirates plans to operate as scheduled to and from LHR.  

Forays Into Consumer Space With The Launch of Protective Head Gear (Helmets)

* Launches two-wheeler Fiber Parts with 1500+ variants

Minda Corporation Limited (referred to as “Minda Corp” or the “Company”; NSE: MINDACORP, BSE: 538962), is the flagship company of the Spark Minda Group, launched 17 helmet models with 145 variants in the Indian retail market. The launch marks Spark Minda’s foray into the B2C space at a time when India is emerging as the largest and fastest growing helmet market globally.

During the next few years, the company plans to add 200+ distributors and open exclusive Spark Minda branded outlets across the country, making the distribution network more robust. The Protective Head Gear will be available across three customer segments- Economy (Knight series), Mid (Garrison series) and the Premium (Armored series) category.

Spark Minda also announced the launch of 1500 fiber parts (Plastic-molded, painted components for two-wheelers) to meet the growing demand of 2W riders across the country. This number is targeted to increase to 2400 in the next two years, representing the largest range of fiber parts available in the country.

Mr. Ashok Minda, Chairman and Group Chief Executive Officer, Minda Corporation Ltd. said:

“The last six decades have seen Spark Minda ushering industry leading solutions in the automotive industry. The amalgamation of the group's experience along with its impetus on extensive research has lodged it well ahead of its league when it comes to developing products for the future.

India is the fastest growing major economy in the world. Our foray into the consumer business category will not only make us a part of this iconic growth story of the country, but also reinforce our commitment to provide the highest standards of safety for 2W riders across the country."

Mr. Neeraj Sharan, CEO, Aftermarket Division, Minda Corporation Ltd. said:

“India is world’s biggest helmet market with 40-45% of the sector still being served by unorganized players. The launch of this extensive product range will bring a significant disruption and help us become one of the leading players in the helmet segment. We want to ensure that certified helmets are available to every 2W rider in India. Going forward, the company plans to expand the merchandise portfolio by launching a range of new products and have the largest range of Fiber parts for our 2W riders in the country.”

Currently, the aftermarket division at Spark Minda has a network of 500+ distributors and 12,000+ retailers across India with 12 product lines including Locks, Wiring Harness, Instruments, Auto Electrical components (Starter Motor), Flasher, Relays, CDI, Wiper, Cable, Filter, Lubricant, Brake shoe, Clutch plate, and Bearing.

About Minda Corporation (BSE:538962; NSE: MINDACORP)

Minda Corporation is one of the leading automotive component manufacturing companies in India with a pan-India presence and significant international footprint. The Company was incorporated in 1985. Minda Corporation is the flagship company of Spark Minda, which was part of the erstwhile Minda Group. The Company has a diversified product portfolio that encompasses Mechatronics; Information and Connected Systems and Plastic and Interior for auto OEMs. These products cater to 2/3 wheelers, passenger vehicles, commercial vehicles, off-roaders and after-market. The Company has a diversified customer base including Indian and global original equipment manufacturers and Tier-1 customers.

For assimilating the latest technologies, Minda Corporation has a dedicated R&D facility and collaborations with the pioneers and leaders of the automobile industry. This has provided Minda Corporation with the cutting-edge in product design and technology to meet strict international quality standards.

CollegeDekho Announces Assured; To Address India’s Skilling Gap In The Higher Education Space

Highlights

Offers internship and job surety to the students across 200+ partner organisations 

Students can enrol in 8+ courses across technology and management programmes; the company plans to introduce other streams soon 

Post completion of 300 hours, students will get certification from AWS, Facebook, Google, PrepBytes, etc  

Over 1200 students have already been placed in the pilot phase 

CollegeDekho, India’s largest college admissions and education services platform, has launched CollegeDekho Assured, an online learning platform offering a series of live, interactive courses across multiple streams such as technology and management. The programme aims at upskilling and enhancing the employability of India’s 38.5 mn college students* while also helping those with limited access to an industry-focused curriculum. 

CollegeDekho Assured is designed to complement India’s National Educational Policy 2020 and address the current skill gap in the higher education space. A ManGroup’s report released in the year 2022 highlights that while nearly 63% of employers expect to increase their staffing levels, however, 83% of them feel it will be difficult to fill the open positions owing to a massive talent shortage.  

“With 20 mn students** globally opting for both short-term and long-term online courses and over 65% of students agreeing how these digital courses are helping them understand subjects better, digital learning can play an important role in helping India achieve its Education 4.0 vision. At CollegeDekho, we and our students have already seen some phenomenal results from the courses we have designed alongside the industry experts and academia. We are optimistic that Assured will take this a notch up with courses being offered at an affordable cost alongside assured internships and jobs,” said Mr. Ruchir Arora, Co-Founder & CEO, CollegeDekho. 

The programme will give college students access to a curated curriculum to be job-ready and flexibility to customise the course. Students will also be aided with industry-focused skills through Project-based immersive learning and real-world exposure through industry visits and its Advanced Placement Ready Courses. CollegeDekho Assured will also assist students with resume and profile building alongside 100% internship and placement assurance with top companies. In the pilot phase, 1200 students have already been placed across top organisations like Motilal Oswal, Trantor, Stratemis HR Technologies, and CloudQ. College students begin their Assured journey from the first semester onwards as spreading the 300 hours of study material across 4-6 semesters will help them better focus on their college curriculum as well as enhance their academic performance by learning from industry experts. 

Alongside customization of courses and flexible learning hours with CollegeDekho Assured, students will also get unlimited access to recorded lectures, videos, and reading materials prepared by industry experts and academia. This will help them with self-paced learning and revisions. To enable wholesome learning, students will also get live interaction sessions with the faculty members and a 24x7 operational forum for doubt clarification and discussions. Students will also be provided access to questions from previous editions of relevant exams in case they plan to apply for their masters or specialised courses.  

CollegeDekho receives more than 25 cr of yearly student traffic on its platforms, which is about 50% of all college searches in India. Since its beginning, the company has successfully guided more than 44 lakh students across India while securing around 70,000 admissions to various streams, colleges, and nations. 

About CollegeDekho 

Founded in 2015, CollegeDekho is on a mission to institutionalise students’ counselling in India in the higher education space. It connects prospective students with colleges using its proprietary technology and AI-based chat conversation bot. Its Common Application Form platform, which enables students to apply to multiple colleges with a single click, is India’s largest of its kind. Since its inception, CollegeDekho has counselled more than 44 lakh students and has helped more than 1500 colleges with their student recruitments. For study abroad students, CollegeDekho provides a full stack of services from profile building, test preparation, university selection and visa assistance. The company recently announced a Fintech vertical that offers students with end-to-end financial assistance and CollegeDekho Learn, an online learning platform that helps students prepare for their future course of studies and placements. The company is backed by investors like ETS, an organisation responsible for conducting GRE and TOEFL exams globally. (www.collegedekho.com)  

Mohan Bhagwat Delivered The First Convocation of Sri Sathya Sai University For Human Excellence, Kalaburagi, Karnataka

Dr Mohan Ji Bhagwat presided over the first convocation of Sri Sathya Sai University for Human Excellence in the presence of Sadguru Sri Madhusudan Sai, the Founder of the University and a galaxy of dignitaries. Bhagwat Ji’s presence at the event carried a special significance for the fact that this University is one-of-its-kind to provide higher education completely free of any cost to needy rural youths, on the foundation of the ancient Indian gurukula system of learning and living in a residential set-up.

A note-worthy point is that 50% of the graduands who convoked this year from the University were first generation literates, most of whom were also the first higher educated literates in their whole village. These students have been trained for fulfilling the very purpose of education, which is to serve the needy in society and hence they shall join their almamater – Sri Sathya Sai Loka Seva Gurukulam Group of Institutions which is running 27 school campuses across 22 districts in Karnataka, 1 in Telangana and 1 in Tamil Nadu, completely free of cost to the rural children.

The first convocation of the University celebrated achievement and altruism by honouring six eminent personalities from various fields of excellence with honorary doctorates.  Dr R Chidambaram – India’s most distinguished experimental physicist, Dr K Kasturirangan – Former Head of Indian Space Research Organisation, Mr Sunil Gavaskar – Cricket Legend, Pandit M Venkatesh Kumar – renowned hindustani classical vocalist, Ms Purnima Devi Barman – wildlife conservationist from Assam, and Mr C Sreenivas – Chairman of the Sri Sathya Sai Sanjeevani Child Heart Care Centres, were bestowed their honorary doctorates by Dr Mohan Ji Bhagwat.

Bhagwat Ji also visited a multi-speciality hospital  that provides completely free of cost healthcare – Sri Sathya Sai Sarla Memorial Hospital, which is soon to become a teaching and training hospital for the world’s first free medical college in the same premises.

Dr Mohan Bhagwat spoke thus in his convocation address – “The act of offering education completely free of cost to needy children has truly impacted the lives of these children beyond their imagination. The motive behind using individual excellence to bring about collective excellence is the goodness behind this University. Transformation is the need of the hour—the kind of transformation that shall change the face of Bharath is what I am witnessing here.”

Sadguru Sri Madhusudan Sai remarked – ““Our work is our identity, our work is our worship. This first convocation of the Sri Sathya Sai University for Human Excellence has produced graduands who will dedicate their knowledge and skills for the service of the society. Being a right example to the society is the highest form of service one can ever render, and these graduands will be exemplars of this kind of service.”          

About Sri Sathya Sai University for Human Excellence

Inspired by the ancient Indian way of education that caters to all aspects of human development with spiritual evolution at its very core, the Sri Sathya Sai University for Human Excellence was established as a Private University under the Karnataka Legislative Act 2018 at Navanihala Village, Kamalapur Taluk, Kalaburagi District in Karnataka. The University encapsulates values-based integral education in a unique residential environment, with the core idea to create individual excellence in all fields of knowledge, and with the purpose to promote and propagate science, humanities, all forms of fine arts, and spirituality, free of any tuition fees or other charges, based on the ancient Indian gurukula system of education, to all students without any discrimination.

‘Redemption of one’s own self and the welfare of society’ is the principle on which the Sri Sathya Sai University for Human Excellence has been founded. The emphasis at the University is, first and foremost, on a perfect balance between spiritual education and material education, or rather, between the means of living and the ultimate goal of life.

About Sadguru Sri Madhusudan Sai

Sadguru Sri Madhusudan Sai spearheads the mission of love and service as propounded by Sri Sathya Sai Baba. Walking in the footsteps of Baba, his Guru and God, Sri Madhusudan Sai is instrumental in establishing various humanitarian service projects across 33 Countries. Since 2011, he has been leading dedicated volunteers and passionate individuals to establish institutes of excellence in Education, Healthcare, Nutrition and Spirituality across the world.

Today, four super speciality paediatric cardiac care hospitals, a multi-disciplinary secondary care hospital, two exclusive mother and child hospitals, 27 values-based educational campuses in South India, a veda gurukulam to promote learning and research in vedic studies, and a morning nutrition programme which nourishes over 500,000 school-going children every single day, have been established to offer services absolutely free of cost to children from needy and impoverished backgrounds.

Over 170,000 little hearts have been mended at the temples of healing and 5,000 rural children have been empowered with values-based integral education at the temples of learning, and 11 Centres for Human Development in 11 countries have been established to carry out spiritual and service activities across the world. The life of Sri Madhusudan Sai is indeed a reflection of Baba’s message of love and service, as several lives are being illumined through these benevolent acts of service every single day.

Mindtree Starts FY23 With Strong Growth And Record Order Book

* First quarter revenue up 5.5% sequentially in constant currency; EBITDA margins at 21.1%; highest-ever order book at $570 million

Mindtree, a global technology services and digital transformation company, announced its consolidated results today for the first quarter ended June 30, 2022, as approved by its Board of directors.

“We are excited to report a strong start to FY23 with robust revenue growth, solid margin, and a record order book, demonstrating our continued industry-leading growth momentum,” said Debashis Chatterjee, Chief Executive Officer and Managing Director, Mindtree. “With revenues of $399.3 million, up 5.5% sequentially in constant currency on the back of a healthy demand for our digital capabilities, this was our sixth consecutive quarter of more than 5% revenue growth in constant currency. Our EBITDA was 21.1%, underscoring our disciplined execution and operational rigor. Our highest-ever order book of $570 million reflects the relevance of our value proposition in delivering business-critical transformation at scale. We are proud of our dedicated teams who continue to exceed client expectations with passion and purpose.” 

Key financial highlights:                                                 

Quarter ended June 30, 2022

·       In USD:

Revenue was $399.3 million (growth of 4.0% q-o-q / 28.6% y-o-y)

Net profit was $60.3 million (decline of 3.8%) q-o-q / growth of 29.7% y-o-y)

·       In INR:

Revenue was ?31,211 million (growth of 7.7% q-o-q / 36.2 % y-o-y)

Net profit was ?4,716 million (decline of 0.3% q-o-q / growth of 37.3 % y-o-y)

Other highlights:

·       Clients:

274 active clients as of June 30, 2022

$10 million+ clients increased by 3, total 35

$20 million+ clients increased by 4, total 18

·       People:

37,455 professionals as of June 30, 2022

Trailing 12 months attrition was 24.5%

Some key deals won in Q1 FY23:

A leading U.S.-based airline chose Mindtree as a preferred digital product development partner. As part of the multiyear deal, Mindtree will help the airline accelerate growth by transforming its core systems and digital channels.

A healthcare technology provider awarded a three-year digital transformation contract to Mindtree for business-critical application development and maintenance services.

A leading hyperscaler selected Mindtree for a multiyear managed services deal as part of which Mindtree will provide a wide range of technology and program management support to the company’s digital stores worldwide.

A leading global specialty insurance and reinsurance company selected Mindtree as a preferred partner for a multiyear managed services program spanning cloud, IT infrastructure, and security.

A leading audio technology company chose Mindtree as a preferred partner for a multiyear managed services deal consisting of cloud, development, and testing services.

An Australian wealth management group selected Mindtree as a partner of choice for its core modernization and digital transformation program.

Recognitions:

Recognized as a major contender by Everest Group in its Healthcare Payer Digital Services PEAK Matrix® Assessment 2022.

Named an Aspirant by Everest Group in its Sustainability Enablement Technology Services PEAK Matrix® Assessment 2022.

Achieved certification from the British Standards Institution (BSI) for seven ISO standards across 18 locations — including five new ones added this year — in the U.S., the UK, Poland, and India.

Topped CRISIL’s ESG evaluation of more than 575 companies in India across 53 sectors and accorded the “Leadership” position in CRISIL’s Sustainability Yearbook 2022.

Ranked among Asia-Pacific’s top ten companies on the FT-Nikkei-Statista Asia-Pacific Climate Leaders list for achieving the greatest reduction in greenhouse gas (GHG) emissions intensity over 2015-2020.

Recognized with BEST awards by the Association for Talent Development (ATD) for driving impact and solving business challenges through talent development practices.

Won the Golden Peacock Award for Risk Management 2021 for business excellence and maturity in enterprise risk management.

Won the BW People HR Diversity and Inclusion Award for outstanding D&I initiatives.

About Mindtree

Mindtree [NSE: MINDTREE] is a global technology consulting and services company that enables enterprises across industries to drive superior competitive advantage, customer experiences and business outcomes by harnessing digital and cloud technologies. A digital transformation partner to approximately 275 of the world’s most pioneering enterprises, Mindtree brings extensive domain, technology and consulting expertise to help reimagine business models, accelerate innovation and maximize growth. As a socially and environmentally responsible business, Mindtree is focused on growth as well as sustainability in building long-term stakeholder value. Powered by more than 37,400 talented and entrepreneurial professionals across 24 countries, Mindtree — a Larsen & Toubro Group company — is consistently recognized among the best places to work. For more, please visit www.mindtree.com or @Mindtree_Ltd.