ICICI Direct: Mindtree Analyst Meet - Digital, Large Deal, Client Mining Key Theme
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ICICI Direct Report
We attended the virtual analyst meet of Mindtree Ltd. The company highlighted that it plans to grow via account mining, large annuity deals, digital transformation and growth via the partnership and inorganic route.
The company has hired leadership (especially from tier-I):
- to scale large deals,
- build merger and acquisition capability,
- expand geographies and scale verticals and
- service lines to achieve the growth objective.
With this, coupled with vendor consolidation opportunity and captive carve outs, Mindtree aspires to have industry leading revenue growth in the long run.
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