Offered huge bags of money, but we said no: Subroto Bagchi tells Mindtree staff

BENGALURU: MindtreeNSE 1.58 % founding promoter Subroto Bagchi said he and three other promoters — Krishnakumar Natarajan, Rostow Ravanan, and Parthasarathy NS — were offered “huge bags of money” to give away Mindtree but they turned it down and urged employees to remain focused on work.

Bagchi, who quit as the chairman of Odisha Skill Development Authority last week to return to Mindtree, said in a letter to the employees on Tuesday that he could not stay miles away in Odisha “to live the nightmare that the builders have arrived with the excavators, bulldozers, chainsaws, cranes and the impeccably drawn up blueprint to raze Mindtree”.

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