What message is being sent to start-ups: Mindtree promoters to L&T

Strongly opposing L&T’s hostile bid, Mindtree promoters Tuesday asked why the infrastructure giant could not build a great technology business on its own and wondered what kind of a message is being sent to start-ups and credible entrepreneurs with the takeover attempt.

Posing five questions to diversified Larsen and Toubro (L&T), which already has two separate IT firms, the promoters also wanted to know what would happen if Mindtree employees choose to leave after the takeover.

“You are a company with a turnover of Rs 1,20,000 crore, you are 18 times the size of Mindtree. Why can’t you build a great technology business with your resources and capability without disseminating another organisation,” Mindtree promoter and Executive Chairman Krishnakumar Natarajan said in a press conference here.

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