Mindteck Signs MOU with Saudi Arabian Company

Mindteck Signs Mou With Saudi Arabian Company Cross - border alliance created to promote bu siness in the Gulf Cooperation C ouncil (GCC)

Bengaluru, India – December 21, 2015: Mindteck (India) Limited (BSE: MINDTECK), a global technology company, signed a memorandum of understanding with Alafdaliyah Group at the India–Saudi Arabia Business Meet 2015 held on December 17th at Hotel Le Meridian, Bengaluru.

The MOU was signed by Avneet Gupta, COO of Mindteck, and Harith Y. AlFaddagh, the CEO of Alafdaliyah Group—a well-known business house in Saudi Arabia. As part of this MOU, Mindteck will provide IT products and services, skilled IT resources and offshore services from its two development centers in India.

The event was organized by the Confederation of Indian Industry (CII). It was addressed by Mr. RV Deshpande, Minister of large and medium Industries & tourism-government of Karnataka, Mr. Kamel S. Al Munajjed, Chairman of Saudi-India Joint Business Council, Mr. Abdhulaziz Al Qahtani, Chairman, Abdulahadi A. Al Qahtani Sons Group, Ms. Ratna Prabha, Additional Chief Secretary, Commerce & Industries Department-government of Karnataka, and Mr. Chandrashekhar, past Chairman of CII for the State of Karnataka and Managing Director of Bhoruka Power Corp. Ltd

Yusuf Lanewala, Mindteck Chairman and Managing Director commented, "We are very pleased about this MOU. Over the last twelve years, we have established good relationships with some large governments, and private sectors in the GCC. This new alliance will undoubtedly further our reach.”

From Left to Right: Mr. Ali Darwish, Business Development Consultant, Alafdaliyah group, Mr. Harith Y. AlFaddagh, CEO of Alafdaliyah group, Mr. Avneet Gupta, Mindteck COO and Mr. Harish Nair, Mindteck’s VP Sales during the signing of memorandum of understanding in the presence of Mr. RV Deshpande, Minister of large and medium Industries & tourism-government of Karnataka (seated behind in white).

About Mindteck (India) Limited

Mindteck, a global technology company, provides Product Engineering solutions and Information Technology services to top-tier Fortune 50-1000 companies, start-ups, leading universities and government entities worldwide. Its depth of knowledge and niche expertise in embedded systems and enterprise applications is complemented by dedicated Centers of Excellence in wireless design and storage testing. Mindteck has offices in the US, UK, Singapore, Malaysia, Netherlands, Germany, Bahrain and India, and four development centers: one each in the US and Singapore, and two in India (Kolkata and Bangalore). The company is listed on the Bombay Stock Exchange (BSE 517344) and is among a select group of global companies appraised at

Maturity Level 5, Version 1.3 of the CMMI Institute’s Capability Maturity Model Integration (CMMI). It is also a Founding Member of ‘The Atlas online’ – an interactive tool that provides visualizations of growth opportunities for over one hundred countries worldwide – for the Center for International Development (CID) at Harvard University.

For more information, please contact balika.hegde@mindteck.com.