Mindtree advances as Molnlycke Health Care selects it for SAP Application Management

22 Sep 2015

Mindtree is currently trading at Rs. 1466.50, up by 50.85 points or 3.59% from its previous closing of Rs. 1415.65 on the BSE.

The scrip opened at Rs. 1424.00 and has touched a high and low of Rs. 1488.00 and Rs. 1424.00 respectively. So far 16,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1589.10 on 09-Apr-2015 and a 52 week low of Rs. 967.00 on 17-Oct-2014.

Last one week high and low of the scrip stood at Rs. 1488.00 and Rs. 1370.00 respectively. The current market cap of the company is Rs. 12,297.00 crore.

The promoters holding in the company stood at 13.71%, while Institutions and Non-Institutions held 45.24% and 41.05% respectively.

Mindtree has been selected by Molnlycke Health Care - a world-leading provider of single-use surgical and wound care solutions, to enhance business efficiency using the SAP application suite. This will help Molnlycke Health Care optimize the time to market of its products.

The company will help drive strategic transformational programs for Molnlycke by implementing lean IT practices to further improve efficiencies. This will result in cost effective delivery globally, on a single service management platform.

The program spans across 32 countries and 7,500 employees of Molnlycke, creating a strong and uniform IT governance structure resulting in enhanced visibility across all departments. As part of this engagement, the company will develop and manage several SAP modules ranging from advanced planning and optimization, material management, sales, distribution to finance. The company will also focus on standardizing workflows and streamlining operational processes, leading to constant innovation, cost effective delivery and flexible solutions. 

Mindtree is a global information technology consulting firm specializing in corporate IT services and solutions. It provides services such as Application Maintenance Services, Business Intelligence, Mainframe and System I, Infrastructure Management and Technical Support, etc.

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