Background: Incorporated in 1999, MindTree (MT) is a mid-cap IT company, which operates in two main business segments: IT Engineering & Services (28.9%). IT services encompasses application development & maintenance, testing, consulting and IMS services to enterprise clients in verticals like BFSI (22.8%), manufacturing& retail (20.9%), travel & media (19.7%) and others (7.7%). The PES segment involves full life cycle product engineering, professional services and sustained engineering services. The company has over 12239 employees spread across 24 offices to cater to 222 clients, which includes...