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MindTree Ltd. Company History and Annual Growth Details

We were incorporated as MindTree Consulting Private Limited on August 5,
1999 by a group of ten individual promoters of which three of them invested
through an entity incorporated in Mauritius.

In January 2000, an investment of Rs. 169 million was made by way of
subscription to Equity Shares of our Company in our first round of funding by
LSO Investment (P) Limited, a Promoter company promoted by three of our
Promoters, and Walden Software Investments Limited (managed by Walden
International), Amalgamated Holdings Limited and Vaitarna Holdings Private
Limited. Shares held by Amalgamated Holdings and Vaitarna Holdings Private
Limited were transferred to Global Technology Ventures Limited by Board
meeting held on April 25, 2000.

In August 2001, Capital International Global Emerging Markets Private Equity
Fund LP, Global Technology Ventures Limited and certain of our Promoters
invested a further Rs. 590 million in our Company in a second round of funding
by subscribing to convertible preference shares of our Company.

In October 2001, Franklin Templeton Holding Limited invested a sum of Rs 75.5
million into our Company by subscribing to our preference shares. Subsequently,
AIG Offshore Systems Service Inc., one of our clients also subscribed to Equity
Shares and warrants in our Company.

We are structured into two business units that focus on software development
" IT Services and R&D Services. We have clients that range from Fortune 10
companies to enterprise software organizations. We have offices across USA,
United Kingdom, Germany, Switzerland, United Arab Emirates, India, Singapore,
Australia and Japan.

Key Events and Milestones

Date Event

October 2006 Signed a letter of intent for expansion of facilities in the SEZ
in Chennai.

September 2006 Land acquired in Bhubaneshwar for expansion of facilities.

July 2006 Development centre launched in Chennai.

June 2005 Acquisition of Linc Software Services Private Limited.

February 2005 West Campus development center opened in Bangalore.

September 2004 Acquisition of the software division of ASAP and ARPSL.

January 2004 Execution of contract with AIG Offshore Systems Service Inc.
for supply of IT Services.

October 2001 Investment by Franklin Templeton Holding Limited.

December 2001 Commencement of IT outsourcing partnership with Volvo
Information Technology.

August 2001 Investment by Global Technology Ventures Limited, Walden
Software Investments Limited and Capital International Global
Emerging Markets Private Equity Fund LP in second round of
funding.

January 2000 Investment by Walden Software Investments Limited, Amalgamated
Holdings Limited and Vaitarna Holdings Private Limited in first round
funding.

August 1999 Formation of MindTree with two customers and commitment of funding
of US$9.5 million at its inception.

2007
- Mindtree Consulting Limited has informed that "Ms. Usha T N, is appointed as Company Secretary of the Company w.e.f. 23rd July, 2007 in terms of section 383A and is also appointed as Compliance Officer".

2008

-MindTree Ltd has appointed Mr. Janakiraman S as Additional Director of the Company by the Board of Directors at their Meeting held on July 16, 2008.

- MindTree Ltd has appointed Professor David B Yoffie as Additional Non-Executive Director of the Company with effect from December 01, 2008. Prof. David B Yoffie would hold the status of an Independent Director on the Board of the Company.

- Company name has been changed from MindTree Consulting Ltd to MindTree Ltd.

2009

- Mindtree Limited has appointed "Mr. Rajesh S Narang has been appointed as Company Secretary of MindTree Limited with effect from 14th July, 2009 and holds the responsibilities as enumerated under clause 47 of the Listing Agreement. Ms. Usha T N ceased to be the Company Secretary and will hold the position of Compliance Officer of the Company".

--Registered Office of the Company has been shifted to Global Village, RVCE Post, Mysore Road, Bangalore - 560059

2010

- MindTree has signed a pact with Carlyle Group, one of the world's largest private equity firms. MindTree will provide IT infrastructure management and support services for Carlyle's global data centres. They would monitor and manage all of Carlyle's IT production servers at Carlyle's data centres in the US, the UK and Hong Kong, as well as its disaster recovery data centre in Virginia. MindTree will also monitor and manage file servers located in Carlyle offices throughout the world, as well as other classes of hardware and applications.

- Mindtree Ltd, the IT solutions firm, bagged a contract from governmentÂs Unique Identification Project (UID) for application development and maintenance services.

- MindTree Ltd launches Security Services to Help Businesses Solidify and Execute Their Security and Compliance Strategies.

2011

- MindTree Ltd - MindTree Launches Contract Pricing Framework.

- MindTree Ltd - MindTree Expands RUBIC Family of Business Int.

- MindTree Ltd - MindTree Recognized Among Top 10 Outsourcing.

- MindTree Ltd has informed BSE regarding a Press Release titled "MindTree's Assist Technologies Program wins a Manthan Awards South Asia 2010".

- MindTree Ltd has informed BSE regarding a Press Release dated March 23, 2011 titled "Mindtree teams up with R V College of Engineering (RVCE) to take Industry Closer to Academia".

2012

- MindTree Ltd has informed BSE regarding a Press Release dated January 26, 2012 titled "MindTree Kalinga commences project activity with One Earth ceremony".

- MindTree Ltd has informed BSE regarding a Press Release dated March 07, 2012 titled "MindTree Wins Prestigious Corporate Governance Awards".

- Mindtree and KPN join Hands to build Cloud Services Aggregation Platform.

- Investors give thumbs-up to MindTree on better-than-expected.

- MindTree Ltd - MindTree ranked among the top 5 global R&D services providers.

- MindTree Ltd has informed BSE regarding a Press Release dated November 13, 2012 titled "Governor Rick Scott attends the Grand Opening of Mindtree LimitedÂs first U.S. Delivery Center".

2013
-Mindtree wins Gainesville Chamber Business of the Year award for its Innovative Practices.
-MindTree bags corporate governance award from World Finance and Asiamoney
-Mindtree wins corporate governance awards for the second consecutive year
-Mindtree ranked among the top global product engineering service providers by Zinnov research and analysis
-Mindtree launches Gladius- a video management software for advanced surveillance

2014
-Mindtree to introduce new practices for testing in a connected world
-Mindtree and SAP announce first Managed Mobility Offering in Australia
-Mindtree expands leadership team in DACH region
-Mindtree opens a new US delivery center in Redmond, Washington
-I Got Garbage (IGG) - The technology platform for waste management is now open for Bangalore citizens
-ING Vysya selects Mindtree as a strategic digital partner
-Mindtree Helps LAPIS Semiconductor Launch Next Generation Bluetooth Smart Chips"
-MindTree has announces bonus in the ratio of 1:1

2015
-Mindtree Enables Next Generation BluetoothÂ® Low Energy Chips at Cypress
-Mindtree Named a Top 10 Outsourcing Service Provider in EMEA by ISG
-MindTree completes acquisition of Relational Solutions Inc
-flydubai selects Mindtree as a strategic technology partner
-MindTree enters into strategic partnership with flydubai
-Mindtree selected by Molnlycke Health Care for SAP Application Management
-Mindtree Launches Global Learning & Software Delivery Center
-Mindtree named in the leadership zone in ZinnovÂs Global Product Engineering Service Provider Ratings

2016
- Mindtree to acquire Magnet 360, a Salesforce Platinum Consulting Partner.
- The Company issue of Bonus Shares to the holders of Equity Share/s of the Company in the ratio of 1:1 (i.e., one Bonus Equity Share of Rs. 10/- each, for every one fully paid up Equity Share of Rs. 10/- each held).
- Mindtree signs service integration capabilities agreement with Sandvik".
- MindTree concludes acquisition of Magnet 360
- Mindtree launches IPv6 Stack for Bluetooth Smart
- Mindtree launches next-gen managed services framework

2017
- - Mindtree Launches US Network Operations Center
- Mindtree Recognized as a Global Leader in Digital Services by Zinnov
- Mindtree Recognized by Independent Research Firm as a Continuous Testing Service Provider Leader
- Mindtree Recognized as Leader in Application Development and Maintenance Services by ISG
- Mindtree Opens U.S.-Based "Digital Pumpkin"
- Mindtree Announces Elevation to Business Partner Status in the Adobe Solution Partner Program
- Mindtree takes ETA MELCO Elevator Co. L.L.C , live on SAP S/4HANA
- Mindtree Announces Integrated Services for Creating Efficient IT
- MindtreeÂs ATLAS for SAP to Accelerate Transition to SAP HANA-Powered Digital Platforms
- Automation Complements In-Store Human Assistance for Next Level of Shopping Experience across Age and Gender
- Mindtree wins Sitecore Experience Award for 2016 in Marketing Agility category
- Mindtree positioned in Leadership Zone for Publishing, Broadcasting and Education in Zinnov Zones 2016 Â Media & Technology
- Mindtree (Relational Solutions), has been included in the Market Guide for Trade Promotion Management and Optimization for the Consumer Goods Industry by Gartner

2018

-Mindtree, Coffee Day's Siddhartha sign pact on voting rights
-MindTree Limited has informed the Exchange regarding allotment of 169745 Equity Shares under ESOP
-Mindtree recognized by ISG for SAP HANA
-Mindtree said that it has partnered with the Indian Institute of Technology Madras to set up a dedicated Faculty Fellow position in Data Science and Artificial Intelligence.

2019

-Mindtree Develops New Container Acceleration Service Enabling Faster Deployment Of Cloud Applications On Microsoft Azure

-Mindtree Opens New European Headquarters in London

-Mindtree Wins 2019 ISG Star of Excellence Award

-Axis Capital Ltd & Citigroup Global Markets India Pvt Ltd ("Managers to the Open Offer") has submitted to BSE a copy of Advertisement in accordance with Regulation 18(7) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations,

-MindTree Limited has informed the Exchange regarding allotment of 241475 Equity Shares under ESOP
-Mindtree joins Hyperledger to accelerate Blockchain

2020

-Mindtree Partners with Husqvarna Group to Drive Digital Transformation

-Mindtree Recognized as an Expert Managed Service Provider for Microsoft Azure

-Mindtree Partners With The Nordex Group To Drive Forward The CompanyÂs Digital Transformation Journey

-Mindtree Partners with molnlycke for Enterprise Application & Cloud

2021

-Mindtree Recognized with 2021 ISG Digital Case Study Award
-Mindtree Achieves Google Cloud Partner Specialization in Application Development
-Mindtree receives upgrade in LT issuer rating
-MindTree Limited has informed the Exchange regarding allotment of 25438 securities pursuant to ESOP/ESPS

- Mindtree Recognized By Great Place To WorkÂ® As One Of IndiaÂs Best WorkplacesÂ For Women 2021

-Mindtree Launches Industry-Specific IoT Solutions Built On ServiceNow Connected Operations

-Mindtree Named A Leader In Everest Group PEAK Matrix For Duck Creek Services

-Mindtree sees Opportunity for next Digital acquision across verticals

2022

-Mindtree and Rubrik Partner to Launch a Unified Cyber-Recovery Platform

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