Background: MindTree (MT) is mid-cap IT Company with FY15 revenues of INR 9,181mn, which operates in two main business segments: IT Services (72.6%) & Product Engineering & Services (27.4%). IT services encompasses application development & maintenance, testing, consulting and IMS services to enterprise clients in verticals like BFSI (23.3%), manufacturing & retail (22.1%), travel & transportation (19.7%) and others (7.5%). The PES segment involves full life cycle product engineering, professional services and sustained engineering services. The company has over 12926 employees spread across 24 offices to cater to 207 clients, which...