GROWING IN NUMBERS AND SIZE

The account mining strategy, crossselling, and upselling are working in favor of the company and are reflected in their top 2 to 20 clients’ growth at 41 percent YoY

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Global technology services and digital transformation company, Mindtree has reported a growth of around 33% at Rs 1,08,326 million in FY 22 compared to Rs 81,195 m reported in FY21. Its revenue has grown from Rs 56,530 m in FY18 to Rs 108,326 m in FY22, over the past five years, the revenue has grown at a CAGR of 17.7%.

Mindtree offers solutions in data analytics, data modernization, cloud infrastructure management, application development and maintenance, DataOps and cybersecurity among others. Media, hi-tech, retail, travel, transportation, hospitality, and consumer packaged goods are key contributors to the Mindtree kitty. Among these, the travel, transportation and hospitality vertical, accounts for nearly 13-14 percent of revenue and was the highest grosser at 7.4 percent. As outlined, the account mining strategy, crossselling, and upselling are working in favor of the company and are reflected in their top 2 to 20 clients' growth at 41 percent YoY.

As has been evident in the last few years the budding appetite to tap into digital and cloud technologies has led organizations to scout for partners and has resulted in newer opportunities for service providers like Mindtree.