Mindteck (India) Ltd. – Company Report
1. Company Overview
Mindteck (India) Ltd., founded in 1991 and headquartered in Bengaluru, Karnataka, is a global engineering and technology solutions company. The firm delivers specialized product engineering and IT services to Fortune 1000 companies, leading universities, government entities, and start-ups worldwide. Mindteck maintains a global footprint across the US, Canada, Europe, the Middle East, and Asia-Pacific, with development centers in Kolkata and Bengaluru. The company holds prestigious certifications such as CMMI Level 5, ISO 9001:2015, ISO 13485:2016, and ISO 27001, reflecting its unwavering commitment to quality and security. As of July 2025, it is overseen by Chairman Yusuf Lanewala, with leadership changes involving the departure of CEO/MD Anand Balakrishnan and appointment of CFO Santosh Nandiyath.
- Incorporated: 1991
- Headquarters: Bengaluru, Karnataka, India
- Global Presence: US, Canada, UK, Germany, Singapore, Malaysia, Philippines, Bahrain, India
- Development Centers: Bengaluru and Kolkata
- Certifications: CMMI Level 5, ISO 9001:2015, ISO 13485:2016, ISO 27001
- Employees: Not publicly disclosed (mid-sized global IT workforce)
- Clientele: Fortune 1000 companies, government, academic, and industrial clients
2. Products and Services
Mindteck offers an extensive suite of engineering and IT solutions across several core segments:
- Product Engineering: Embedded systems, electronic design, product lifecycle management, and hardware/software development for complex engineering systems.
- Application Software Development: Enterprise software, workforce and business management platforms, and cloud-based solutions.
- Testing and Validation: QA for embedded, enterprise, and application software; automated and lifecycle testing.
- IoT and Mobility: Smart IoT solution design and deployment for industrial automation and remote monitoring.
- Big Data and Analytics: Data engineering, AI/ML, and analytics services for digital transformation.
- Cybersecurity and IT Security: Security audits, compliance, and cyber protection services.
- Industry Verticals: Healthcare, life sciences, semiconductors, energy, analytical instruments, government, and more.
Mindteck uses offshore, onsite, and near-shore delivery models to help clients innovate and optimize R&D operations.
3. Recent News and Financial Performance (FY2025)
Business Developments:
- Continued stability despite CEO and CFO transitions in May 2025.
- Strengthened innovation and global client engagement.
- Strategic investments in IoT, analytics, and engineering solutions.
4. Financial Performance (FY2025):
| Metric | FY2025 Value |
|---|---|
| Total Revenue | ₹424.42 crore (↑10.1% YoY) |
| Net Profit | ₹30.41 crore (↑11.4% YoY) |
| EPS | ₹9.02 |
| Operating Margin | 8% |
| Dividend Payout % | 11% |