MindTree Enters Mobile Products Business

WARREN, NJ, Oct 05 (MARKET WIRE) --
MindTree Ltd. (NSE: MINDTREE), a global IT Solutions Company, today
announced that it has entered the business of developing Ready-to-Brand
(R2B) mobile handset products. Called N!Mo (Next in Mobility), the new
business will offer feature-rich, white-labeled mobile handsets to
telecom service providers and Original Equipment Manufacturers (OEMs). It
will be headed by Samartha Raghava Nagabhushanam as President & CEO and
will be a part of MindTree's Product Engineering Services group.

MindTree's N!Mo will address the complete product lifecycle -- from
concept through delivery -- leading to R2B products for its customers.
Superior user experience will be at the heart of products conceived by
N!Mo and the recent acquisition of Kyocera Wireless India (KWI) provides
a strong foundation. The Kyocera team has delivered 45 Million wireless
phones and has extensive experience in 4G technologies such as WiMax and
Long Term Evolution (LTE). N!Mo leverages cutting-edge wireless
expertise, coupled with MindTree's chip-to-cloud product engineering
expertise.

"MindTree has been recognized among the top 5 global R&D Service Providers
by Zinnov Management Consulting. N!Mo further adds to our strong
leadership position of delivering intellectual properties (IPs) and
design services, by offering Ready-to-Brand products in wireless
technologies to our customers. This will enable higher value creation
through non-linear business models," said MindTree President and
Group-CEO, Product Engineering Services, Janakiraman S.

"MindTree's entry into the mobile products business is a natural step
forward in our product engineering services journey. N!Mo will become
MindTree's seventh engine of growth and will play an important role in
achieving our stated vision of $1 Billion in revenues by 2014," said
MindTree Executive Chairman Ashok Soota.

About MindTree Ltd.

MindTree Ltd. is a global IT Solutions company specializing in IT
Services, Independent Testing, Infrastructure Management and Technical
Support (IMTS), Knowledge Services and Product Engineering, which
comprises of R&D Services, Software Product Engineering and Next in
Mobility (N!Mo). MindTree partners with its clients to create a
transparent, value-based relationship. Our people build innovative
solutions in a wide range of technology domains that enable our customers
to succeed in their business goals.

MindTree was ranked 45th among the leaders in The 2009 Global Outsourcing
100 by the International Association of Outsourcing Professionals. Widely
known for its focus on human capital development, MindTree has been
consistently rated among the most admired employers by several industry
surveys, including Great Places To Work Institute, Hewitt Associates and
Mercer. MindTree was ranked No. 1 among the Most Admired Knowledge
Enterprise (MAKE) India Award winners for the second consecutive year in
2008. MindTree is the winner of the National Award for Excellence in
Corporate Governance in India in 2007-08. The Company is publicly listed
in India. Please visit us at www.mindtree.com.

Safe Harbor

Certain statements in this release concerning our future growth prospects
are forward-looking statements, which involve a number of risks, and
uncertainties that could cause our actual results to differ materially
from those in such forward-looking statements. We do not undertake to
update any forward-looking statement that may be made from time to time
by us or on our behalf.

For more information, contact:

Ashwini Rajeswara
MindTree Limited
91-80-67064000
Email Contact

Jay Russo
LVA Communications
860-739-5598
Email Contact

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