Was offered bags of money to give Mindtree away, CEO Subroto tells staff

Ahead of MindTree board meet on Wednesday, Mindtree 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. In a letter, Bagchi attempted to reach out to the employees with an emotional plea urging them to ‘stay focused on what must go out of the door today.’

On Tuesday, co-founders of the company, Subroto Bagchi, Krishnakumar Natarjan and Rostow Ravanan univocally called the takeover bid ‘a grave threat to the unique organisation collectively built over 20 years’.