ICICI Direct: Mindtree Analyst Meet - Digital, Large Deal, Client Mining Key Theme
L&T was recently categorised as a promoter of Mindtree, after it executed a hostile takeover to acquire a 60.06 percent stake in the company. (Photo: BloombergQuint)

ICICI Direct: Mindtree Analyst Meet - Digital, Large Deal, Client Mining Key Theme


BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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.

Click on the attachment to read the full report:

ICICI Direct Mindtree Analyst Meet Update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

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