Mindtree brings dealmaker Manisha Girotra as board member

IT consultancy services firm Mindtree Ltd has appointed Manisha Girotra, who is currently CEO of the India arm of global mid-market investment bank Moelis and Co, to its board of directors, according to stock market disclosure.

The Bangalore-based company has also elevated finance chief and co-founder Rostow Ravanan as an executive director to the board, in addition to his existing role of CFO.

“As we move into the next phase of Mindtree’s growth, Manisha’s vast global experience will be a great asset in guiding our strategy and providing us with enlightened oversight. She is a nationally respected business leader known for her ability to drive change,” Mindtree chairman Subroto Bagchi said.

Prior to join Moelis & Co, Girotra oversaw the India operations for UBS and Barclays de Zoete Wedd's investment bank.

She has been one of the most prominent women dealmakers in the country and a specialist in investment banking, mergers & acquisitions and wealth management.

The two new inductions to the board seem to indicate the firm is looking at acquisitions as one part of its growth strategy.

Founded in 1999 by former Wipro executives, PE-backed Mindtree has made a number of changes to its board over the last one year.

Last year, it appointed Apurva Purohit to its board of director, the first woman board member of the company. It also elevated company veteran and co-founder Parthasarathy N S as an executive director.

Earlier this month, the company appointed Ralf Reich as business head for the DACH region to lead its growth in Germany, Austria and Switzerland. He will be based in the company’s office in Cologne.

The firm counts Nalanda Capital, Global Technology Ventures and V G Siddhartha-led Café Coffee Day Group as its shareholders.

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