MindTree restructures operations, eyes buyouts

MindTree is eyeing strategic buyouts in areas such as package applications and mechanical engineering services even as it restructures operations as part of growth plans to become a billion-dollar company. The Chief Executive Officer, Mr Krishnakumar Natarajan, who will assume the additional role of Managing Director from Wednesday, said the company was exploring potential targets in areas of mechanical engineering to enhance product design capabilities and in package applications, besides looking at geographies such as Europe and Japan to expand the footprint.