MindTree to launch Bhubaneswar campus on Sept 22

The mid-sized IT firm MindTree will operationalise its campus in Bhubaneswar 'MindTree Kalinga on Tuesday. The centre has been built over 20 acres of land at the outskirts of the city.

The company has its Global Training centre and Software Development Centre in the city, housing 800 people presently including more than 200 professionals for the software development.

Sources said, the company has invested about Rs 200 crore in the city campus and has started exporting from here after it acquired US-based insurance solutions provider, Discoverture Solutions this year. Founded in 2002 and headquartered in Arizona, US, Discoverture had subsidiaries in the UK, Canada and Bhubaneswar in India.

MindTree campus is designed to accommodate 5,000 people. Chief minister Naveen Patnaik and state IT minister Pranab Prakash Das are slated to attend the launching ceremony tomorrow.

MindTree, co-headquartered in Bangalore and Somerset in New Jersey (US), had signed a MoU (Memorandum of Understanding) with state government on August 2006. The IT Company had earlier planned to complete its first phase of the project by June 2013.

After five years of signing the pact, the project was pushed into uncertainty with MindTree itself opting to pull out and seeking refund of the cost it had deposited for allotment of land. It, however, later revived the project.

The state government has provided 20 acres litigation free land in the Infocity area to MindTree in September 2011.

The Bhubaneswar centre is the fifth campus of the company after Bangalore, Chennai, Hyderabad and Pune. At its Bhubaneswar campus, the company has announced to provide all its services including specialised Product Engineering Services.

In the quarter ended June, the IT company had reported a 6.8 per cent growth in its net profit at Rs 138.2 crore compared with the same quarter in the previous financial year. The revenue at Rs 981.6 crore grew 16.4 per cent on a year-on-year basis.

In a BSE filing in July, the company had 14, 427 employees and 200 active clients as on June 2015.