Build tech business of your own: Mindtree promoters reject L&T takeover bid

Mindtree employees will quit if engineering giant L&T’s hostile takeover bid hurts their “sense of mission”, said the IT company’s promoters on Tuesday.

“You are a company with turnover of Rs 120,000 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 co-founder Krishnakumar Natarajan asked.

Mindtree promoters have staunchly opposed L&T’s bid to acquire the company, describing it a grave threat and value destructive to shareholders.