For example, it has no strict punching in time. Also, Mindtree expects its employees to put in around seven hours of work in office instead of at least nine in many rival firms. “In my previous job with a tier-I IT firm, which had 9.15 hours of office time, salary used to be deducted for any delay,’’ said another engineer. According to him, apart from the time flexibility, changing projects is also relatively easy at Mindtree. Employees can change projects if they don’t like to work for it, he added. In the first ever hostile takeover in the domestic IT industry, L&T
has acquired a controlling stake of around 60 per cent in Mindtree, resulting in the exit of the company’s cofounders from the board and executive roles.
While the leadership change in Mindtree is yet to happen, there’s a buzz that the co-founders of the IT firm may float another company following the footprints of Ashok Soota. In 2011, Soota left Mindtree to set up 'Happiest Minds'.
‘’I joined in 2011 and I remember how so many staff of Mindtree had quit and joined Soota at that time. If the current cofounders float their own firm, we can hope for more jobs in the industry," said a team lead in Mindtree.