Race for Mindtree CEO's post: 3 on L&T shortlist to replace Rostow Ravanan

As engineering major secures controlling stake in IT firm, likelihood of an early exit of Ravanan looks imminent

Larsen & Toubro (L&T), which has secured controlling stake in Mindtree, has started the process to pick the next chief executive officer of the IT services company amid talks of an early exit of CEO and co-founder Rostow Ravanan, sources said.

According to multiple sources in the know, the engineering major is evaluating at least two internal and one external candidates for the top post.

L&T’s open offer for Mindtree came to an end on Friday with the company receiving 1.16 times more bids than the offer quantity. As L&T has already crossed 60 per cent holding in the Bengaluru-based company, the