MindTree Adjudged Best Indian Company in Asia in Corporate Governance by Asiamoney

Online, January 5, 2010 (Newswire.com) - Bangalore, INDIA, January 06, 2010: MindTree Ltd., a global IT Solutions Company, announced today that it has been ranked 2nd in Asia in the Corporate Governance Poll 2009 conducted by Asiamoney magazine. MindTree is ranked No. 1 Best Overall For Corporate Governance in India. In addition to being picked up as the second best company overall in Asia, MindTree is ranked No. 1 in the continent (excluding Japan) in the two categories of 'Responsibilities of Management and the Board of Directors' and 'Shareholders' Rights and Equitable Treatment'. MindTree is ranked among the top three in the categories of 'Disclosure and Transparency' and 'Investor Relations'.

In India, MindTree is ranked No. 1 in all the categories, thereby winning the overall
No. 1 rank in Corporate Governance. MindTree's Chief Financial Officer Rostow Ravanan has been chosen as 'The Best Investor Relations Officer in India'.

Asiamoney's Corporate Governance Poll surveyed 104 senior executives and research analysts from 96 firms, and cited more than 250 companies across the region to discover where Asian companies rank in several categories involving corporate clarity. The publication stated, "The results of this survey are especially notable, given that the polling period coincided with some of the most pronounced financial market volatility in history."
"We are delighted to be once again recognized for our efforts in corporate governance, this time in the global markets. MindTree had earlier won the National Award for Excellence in Corporate Governance in India for 2007-08. The recognition in the Asiamoney Corporate Governance Poll 2009 is a testimonial of our focus on creating a globally admired organization that is rich in values and culture," said MindTree Executive Chairman Ashok Soota.

The hallmarks of MindTree's Corporate Governance philosophy are ethical business conduct, transparency and commitment to values, which in turn retain and enhance stakeholders' trust. The organization's value system, termed CLASS (Caring, Learning, Achieving, Sharing, Social Responsibility), lies at the core of it.