Mindtree Consulting restructuring

MindTree Consulting Ltd has informed that the Company and R&D Services Company, on December 03, 2007 announced its first major Company-wide restructure since its
inception in 1999. These changes will be effective April 01, 2008 and expand the role of
more than 150 leaders throughout the organization. The large-scale changes will facilitate
newer business opportunities, building industry-depth and focus on leadership
development.

Ashok Soota, currently Chairman & MD, will assume the role of Executive Chairman. While providing overall leadership to the organization, Soota will now focus on strategic
initiatives in MindTree’s expansion and growth. Soota will also continue to be the
Chairman of the Board. The role of Chief Strategy Officer has been created with Salil
Godika reporting to Soota in this capacity. Godika has recently relocated to India after a
long and successful career with several U.S.-based software Companies.

Chief Operating Officer Subroto Bagchi, who is currently based out of the U.S., will
return to India to take on the first-ever position of Gardener within MindTree. This
unusual move is being made to focus on further strengthening the emotional infrastructure of MindTree for which the Company has been known as having differentiated itself. Bagchi will spend one-on-one time with the Top-100 leaders at MindTree on their "personal-professional" issues; expand leadership capacity; and build readiness for taking MindTree into the billion-dollar revenue level. In addition, Bagchi will work at the grassroots by making himself available to the 45+ Communities of Practice that foster organizational learning, innovation and volunteerism. He will spend time on MindTree's relationship with the educational community in India and abroad to create inroads of learning from unusual sources and take MindTree's learning to the world at large.

Krishnakumar Natarajan, who is the President and CEO of MindTree's IT Services business, will assume responsibility as the Chief Executive Officer & MD of MindTree. In this capacity, Krishnakumar will have the overall responsibility of both the IT Services
and the R&D Services businesses of MindTree.

Going forward, MindTree's IT Services business will have a two-in-a-box structure led
by Scott Staples and Anjan Lahiri as President and Co-CEOs. Staples and Lahiri will be
responsible for designated Industry Groups, Practices and Geographies. The R&D Services business will continue to be led by S. Janakiraman as President & CEO. In order to create bandwidth for him to nurture newer Industry Groups and Practices, Vinod Deshmukh will assist him as President and Co-CEO of the R&D Services business.

Executive Vice President N.S. Parthasarathy will be designated Chief Operating Officer
and report into Krishnakumar.

These changes at MindTree will bring forward several young leaders into key positions in
preparation for MindTree’s goals for the future. Speaking on the changes, Soota said,
"This is about creating MindTree Version 2.0. With this, we are now ready for the next
big thing. As a team, we see ourselves as builders. What we have achieved in the last
eight years is just the foundation for the next twelve. The new structure will unleash
leadership capacity as MindTree prepares for the next leap forward.