Full annual report of 2011-2012 - Mindtree

44
attack. Nationally and internationally recognized facilities that offer ease of access, certainty of tactical success, and the opportunity to kill in
quantity will guide target selection. As a growing and reputed company, we have taken stock of our preparedness to face this risk and build defense
and response mechanisms. We have initiated some steps to enhance protection at all our centers.
Our Strategy
We are a global IT services company that engineers meaningful technology solutions to help businesses and societies flourish. We place significant
emphasis on a collaborative spirit, unrelenting dedication towards our customers, expert thinking and high standards of corporate governance.
Our endeavor is to create success for our customers through innovative solutions delivered by happy people at workplace.
In FY 2012, we identified four strategy pillars and that will continue into FY13 that will help us grow faster than the industry average as well as
generate higher returns to all our stakeholders. The four pillars are as under:
The Management team is completely aligned to the simple and better structure and to the strategy. This will help us to execute more positively in
the coming years.
Outlook
Growth
lFocused Account Mining
lPursue Large Deals
lDeepen Domain Expertise
lCustomer Satisfaction
FY 2011-12 has been a great year. We got the leadership team to a “back to basics” approach. We focused on a few verticals and did deeper mining
of existing relationships. The “back to basics” approach has helped to grow margins consistently each quarter. Going forward, we believe we will
continue to deliver higher revenue growth than industry estimates in FY2012-13 and improve EBITDA margins further. We do however see the
uncertain global environment and the currency volatility as our biggest risks.
Internal control systems and their adequacy
Customer Centricity
lAccount
Management Practices
lFocus on Quality
lNext Generation Delivery Platform
lDomestic Development Centers (onshore)
MindTree
Strategy
Pillars
Nonlinear Revenue Models
lPlatforms,
IP, Products
lManaged Transaction Services
(“as-a-service” offerings)
lStrengthening Fixed Price Projects
Operational Excellence
lTalent
Management
lSeamless Global Delivery
lWorld Class Infrastructure
We have an audit committee which oversees the financial and operating reporting processes and disclosure of financial information to ensure that
the financial statements are correct, sufficient and credible. The audit committee also reviews with management, statutory and internal auditors
the adequacy of internal control systems, compliance etc. Further our internal audit is done by a reputed external firm which periodically carries
out audits covering all critical business processes including statutory compliance. In addition, the management team reviews the adequacy of our
internal controls at periodic intervals and appropriate action is taken based on such reviews.
Material development in human resources / industrial relation front, including number of people employed
Widely known for our focus on human capital development, we have been consistently rated among the most admired employers by several
industry surveys. We have 11,000 people at March 31, 2012. This includes sales and support of 670 people.