Background: Incorporated in 1999, MindTree (MT) is a mid-cap IT company with FY14 revenues of INR 3032mn, 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...