Mindteck (India) Limited
Incorporated in 1991, Mindteck Ltd is in the business of rendering engineering and IT services
What Mindteck files
- Others88
- Updates18
- Important15
- Board Meeting12
- Dividend/Bonus5
- Results1
Mindteck reported Q1 consolidated revenue of ₹104.08 Cr, up slightly YoY, but net profit dipped to ₹8.36 Cr. Management attributes this to elevated employee costs and AI investments. The company aims to boost margins through operational efficiencies, better utilization, and optimized delivery.
Mindteck corrected its postal ballot notice: appointments of two Independent Directors now require a special shareholder vote, indicating a higher approval bar. No action is needed for those who already voted.
Mindteck shareholders to vote on appointing Ms. Preeti Mohan and Mr. Madhuranath R Konety as Independent Directors. Both bring deep tech & management expertise, pivotal for company strategy. Board supports the five-year terms.
Mindteck’s FY26 consolidated revenue dipped 4% YoY to Rs 407.30 Cr, attributed to divesting low-margin business. Net profit surged 9.9% to Rs 31.52 Cr, driven by focused cost management. Q4 net profit reached Rs 10.16 Cr. The Board proposed a Re. 1 per share dividend.
Mindteck seeks shareholder approval for the appointment of Mr. Karim Dhanani as CEO of its US subsidiary. A director's relative, he will receive USD 250,000/year from the subsidiary and INR 0.25 Cr from Mindteck India. This key executive role supports the subsidiary's operations.