I recently came across “Making of Mindtree” a very interesting read by Subroto Bagchi who is a co-founder of Mindtree. Mindtree which was started is year 2000 is poster boy success story of a well laid execution plan as it demonstrated success and reaped benefits for investors, entrepreneurs and employees alike. This year FY 2007, Mindtree posted revenue of more than USD 140 million and was listed in Feb 2007. Since then its stock has more than doubled and has given a return of more than 17x to its investors who came on board in 2000.

Making of Mindtree is about the whole journey and a chronicle of its early days when Subrato started thinking of the company as early as 1998 and able to kickstart whole thing by 2000. The Saga of Mindtree was executed almost in text book style fashion where the targets were achieved with mission statement in place, funding intact and one of the best team from Corporate India leading from the front with no less than Ashok Soota as chairman of the company.

Very interesting read

Making of Mind Tree Part I

Making of Mind Tree Part II

However majority of entrepreneurs are not as lucky as Mr Bagchi as there is no successful track record, no friends in right place who commit USD 5 million in advance and no such dream team to execute the show. Overall Mindtree was more of a disguised MBO in place where very capable corporate executives, well backed by deep pockets decided to chart on their own and ride the well established Indian story.

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1. Making of Largest Retail chain in India : Subhiksha