New Mindtree management engaging closely with clients, staff

IT firm Mindtree on Friday said its new management has been engaging actively with customers and employees after Larsen and Toubro (L&T) acquired over 60 per cent stake in the company.

Mindtree, which has named former Cognizant executive Debashis Chatterjee as its new CEO and managing director on Friday, said it is not aware of any major client concerns at this point.

Highlighting that L&T is a well-known name, Mindtree Board Vice-Chairman S N Subrahmanyan told reporters in Bengaluru that clients of the IT firm can be assured of benefits that will accrue to Mindtree after L&T coming in as a promoter.

While Chatterjee is taking on the role of CEO, Mindtree has also appointed L&T's Chief Executive Officer and Managing Director S N Subrahmanyan as its non-executive vice-chairman.

"Mindtree, a L&T Group company announced the appointment of Debashis Chatterjee as the CEO & MD of Mindtree Ltd. He has been inducted into Board of Mindtree Ltd with a mandate to lead the