Our FY22 Integrated Annual Report follows the internationally recognized framework of Integrated Reporting <
Scope of reporting
Reporting period
Compiled, produced and published at the end of every financial year, the report provides material information relating to the Company’s strategy and business model, operating context, material risks, stakeholder interests, performance, prospects and governance. This report covers all information pertaining to the period between April 1, 2021 and March 31, 2022
Reporting boundary
This report covers information on Indian and international operations of Mindtree. It also includes its subsidiaries – Mindtree Software (Shanghai) Co. Ltd. (China) and Bluefin Solutions Sdn Bhd. (Malaysia), collectively referred to as 'the Group'.
Financial and non-financial reporting
The report extends beyond financial reporting and includes non-financial performance, opportunities, risks and outcomes attributable to or associated with our key stakeholders, which have a significant influence on our ability to create value.
Materiality
This FY22 integrated report. provides a thorough overview of all that is material to our business. Considering the essential aspects of interest of our stakeholders, it dives into the Company’s performance, prospects and ability to create sustainable and shared value. All information included in this report is firmly rooted in the economic, social and environmental context of our operations.
Targeted readers
This report intends to address all the crucial information required by our long-term investors (our equity shareholders and prospective investors). Our value creation strategy for other key stakeholders, including our employees, partners and suppliers, investors and shareholders, customers, regulators and society, is adequately reflected in this integrated report.
Report alignment
This report aligns with the principles and guidelines of the:
International <
United Nations Sustainable Development Goals (UNSDGs)
United Nations Global Compact Principles (UNGC)
National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of business (NVG-SEE)
The Companies Act, 2013 (and the rules made thereunder)
Indian Accounting Standards and International Financial Reporting Standards
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
Secretarial Standards issued by the Institute of Company Secretaries of India
Our capitals
To be a future-ready organization that creates longterm value in the field of digital transformation, we are highly dependent on different kinds of capital. The various forms of capital available to us (inputs), their efficient utilization (value-accretive activities), our impact on them and the value we deliver (outputs and outcomes), are all deeply interconnected.
Financial
Human
Intellectual
Manufactured
Social and
Relationship
Natural
Sustainability/ESG indices participation
Recognized by industry-leading rating and ranking agencies, our diligent efforts in the course of sustainable development form the backbone of all our operations.
CDP
Recognized amongst global leadership league as top performer in the 2021 Climate change ranking by Carbon Disclosure Project (CDP) with a score of ‘A- ‘. We have also been recognized as a Global Supplier Engagement Leader.
EcoVadis
EcoVadis awarded Mindtree a Silver rating, placing Mindtree among the top 25% of the 75,000+ companies it assessed.
FTSE4Good Index
Included in the FTSE4Good Emerging Markets Index series
Board’s support for value creation
To our shareholders and other stakeholders
We are pleased to present our Integrated Annual Report 2021-22 to our shareholders and other stakeholders. This report provides relevant information about performance, operating context, governance, material risks and opportunities, strategy and future prospects of Mindtree Limited (Mindtree).
Board Responsibility Statement
As the Board, we acknowledge our responsibility to ensure the integrity of this Integrated Annual Report. We have, accordingly, applied our collective mind and believe the report addresses all material issues and presents the integrated performance of the Company and its impact, in a fair and accurate manner. We approved the Integrated Annual Report 2021-22 on April 18, 2022.
Forward-looking statements
Certain statements in this document constitute ‘forward-looking statements’, which involve known and unknown risks and opportunities, other uncertainties, and important factors that could turn out to be materially different following the publication of actual results.
These forward-looking statements speak only as of the date of this document. The Company undertakes no obligation to update publicly, or release any revisions, to these forward-looking statements, to reflect events or circumstances after the date of this document, or to reflect the occurrence of anticipated events.
Safe harbor
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause our actual results to differ materially from those in such forward-looking statements. The conditions caused by the COVID-19 pandemic could decrease customer’s technology spending, affecting demand for our services, delaying prospective customers’ purchasing decisions, and impacting our ability to provide on-site consulting services; all of which could adversely affect our future revenue, margin and overall financial performance. Our operations may also be negatively affected by a range of external factors related to the COVID-19 pandemic that are not within our control. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.
For Mindtree Limited
A M Naik
S N Subrahmanyan
Debashis Chatterjee
R Shankar Raman
Venugopal Lambu
Apurva Purohit
Akshaya Bhargava
Bijou Kurien
Deepa Gopalan Wadhwa
Chandrasekaran Ramakrishnan
Integrated Annual Report 2021-22