Company Directory - Mindtree Limited
Company Details - Mindtree Limited
Mindtree Limited
WebsiteBangalore, India
Mindtree is a global technology consulting and services company specializing in digital transformation and technology services for a wide range of industries.
CCI Score
CCI Score: Mindtree Limited
1.54
Latest Event
L&T Hostile Takeover of Mindtree and Its Impact on Workers
On March 18, 2019, L&T executed a hostile takeover of Mindtree, a move that led to significant restructuring and raised concerns over potential layoffs and diminishing worker rights in the IT sector.
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OBJECTOR
Mindtree Limited is currently rated as an Objector.
Latest Events
- MAR182019
On March 18, 2019, L&T executed a hostile takeover of Mindtree, a move that led to significant restructuring and raised concerns over potential layoffs and diminishing worker rights in the IT sector.
-70
Labor Relations and Human Rights Practices
March 28
The hostile takeover of Mindtree by L&T precipitated aggressive restructuring and potential layoffs, reflecting business practices that undermine worker rights and contribute to an authoritarian corporate strategy. This action is particularly concerning from an ethical responsibility and labor rights perspective.
Hostile Takeovers in India: L&T-Mindtree case study from an Employment Law vantage
-40
Economic and Structural Influence
March 28
The takeover reflects a consolidation of economic power by L&T, a move that centralizes control and restructuring efforts which can adversely affect employees. This aggressive maneuver increases the company’s structural influence at the expense of broader stakeholder interests.
Hostile Takeovers in India: L&T-Mindtree case study from an Employment Law vantage
- JAN012019
In 2019, facing a hostile takeover bid by Larsen & Toubro, Mindtree’s promoters and management launched defensive measures—including an attempted buyback and seeking a white knight—to preserve its unique corporate culture and governance. Notably, co-founder Subroto Bagchi resigned in protest, underscoring their commitment to protecting stakeholder interests and democratic corporate practices.
+30
Public and Political Behavior
March 28
Mindtree’s public actions, including the high-profile resignation of co-founder Subroto Bagchi and vocal opposition to a coercive takeover, highlight a commitment to maintaining democratic governance and safeguarding stakeholder interests. Such public resistance is aligned with anti-authoritarian and progressive corporate behavior.
L&T vs Mindtree: Unveiling India's First IT Hostile Takeover Drama
+40
Business Practices and Ethical Responsibility
March 28
The defensive strategies pursued by Mindtree, such as pursuing a buyback and seeking a white knight, reflect an effort to uphold ethical business practices and protect the company’s identity and worker rights. These measures were intended to resist a takeover that threatened to impose a significantly different corporate culture and concentrate economic power.
L&T vs Mindtree: Unveiling India's First IT Hostile Takeover Drama
- JAN012019
Mindtree's promoters and board attempted to fend off L&T's hostile takeover by exploring strategies such as a proposed buyback and seeking a white knight defense, aiming to safeguard its independent culture and corporate governance, even though these defenses ultimately failed.
+40
Public and Political Behavior
March 28
Mindtree’s leadership demonstrated a commitment to preserving its unique corporate culture and governance by resisting the hostile takeover. Such resistance emphasizes the value of independent decision-making and transparency in corporate affairs, countering tendencies toward centralized, potentially authoritarian control.
L&T vs Mindtree: Unveiling India's First IT Hostile Takeover Drama
+20
Economic and Structural Influence
March 28
By attempting to implement defensive measures against an aggressive takeover, Mindtree sought to protect its economic structure from unwanted consolidation. This action helps preserve market diversity and checks the excessive accumulation of corporate power.
L&T vs Mindtree: Unveiling India's First IT Hostile Takeover Drama
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