MindTree Limited, a Bangalore-based IT solutions firm, has announced restructuring as part of its aim of becoming a $1 billion (Rs 4,500 crore) organisation from its current top line of around Rs 1,500 crore.
The restructuring, effective April 1, includes entering new market segments, setting up new business units and new roles for the senior management.
Ashok Soota, chairman & managing director, will assume the role of MindTree’s executive chairman. In his new role, Soota will focus on strategic initiatives and long-term development. He will continue to be chairman of the board of directors.
Wednesday, April 1, 2009
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