The document provides biographical information about Subroto Bagchi, an Indian entrepreneur and business leader who is the co-founder of Mindtree. It details his early life growing up in Odisha, his education and military training. Professionally, it outlines his career starting as a government clerk and then working for several computer companies before co-founding Mindtree in 1999. As the company grew, Bagchi took on various leadership roles such as Chief Operating Officer, Gardener focusing on leadership development, and eventually Chairman of Mindtree.

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THOUGHT OF THE DAY
THOUGHT OF THE DAY
“Everyone who is successful
must have dreamed of something, dream big to achieve big.”
Law Updates:
 Even a motor vehicle can be treated as machinery if it is used in
execution of works contract under Gujarat VAT.
 A company preparing its final accounts on basis of a calendar year
couldn't be chosen as comparable: Tribunal Bangalore.
 Foreign company's commission isn't taxable though it provides
guarantee to foreign bank on behalf of its Indian AE: Tribunal
Mumbai.
 GST Bill is an ‘enabling amendment’, 3 more laws still needed says
Arun Jaitely.
 Ex-directors of liquidating co. weren't delinquent directors as they
weren't in possession of company’s assets.
 Crude oil sent to refineries of buyer outside State held as Inter-State
sales, though buyer was in same State.
PROFESSIONALS INPUTS:
 SEBI issues FAQ’s on SEBI (DELISITING OF EQUITY
SHARES) REGULATIONS, 2009.
 SEBI issues Discussion paper on 'Strengthening of the Regulatory
framework for Algorithmic Trading & Co-location.
 RBI vide Press Release No. 2016-2017/353 dated 08th
August, 2016
has announced that Government of India is to sell dated securities
for ₹ 15,000 crore on August 12, 2016.
MARKET WATCH:
SENSEX: 2,8182.57 104.22 NIFTY: 8,711.35 28.20
SILVER: 46,025. 00 -1023.00 GOLD (MCX): 30,876.00 -409.00
USD/INR: 66.82 -0.01 CRUDE OIL: 2,793.00 -14.00
CS Rajiv Bajaj
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Date: 09th
August, 2016

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Subroto Bagchi
Co-Founder of Mindtree
Subroto Bagchi (31 May 1957) is an Indian entrepreneur and business leader.
He is the co-founder of Mindtree and a business author.
Bagchi was born to Makhan Gopal Bagchi and Labonya Prova Bagchi in
Patnagarh, Odisha, where his father was a small-time government servant. He
grew up mostly in the tribal districts of Odisha, moving from place to place
because of the nature of his father's job. He has narrated the story of his life in his book Go Kiss the
World published by Penguin Portfolio.
Early Life & Education
He studied Political Science at the Utkal University. In 1974, he underwent training with the Parachute
Regiment of the Indian Army and successfully completed the 5 mandatory jumps to earn the "Para Wings". In
1975, he was adjudged the Best NCC Cadet of India at the Republic Day Parade in Delhi where he was awarded
the Prime Minister's Cane Honor.
Professional Career
He started his work life as a clerk in the Industries Department of the Government of Odisha in 1976 after
giving up his post graduate studies. After a year of working there, he qualified to be a management trainee in
DCM in 1977 where he worked for the ensuing 5 years. In 1981, he entered the computer industry and worked
for a number of computer companies between 1981 and 1999 in various functions like sales, marketing and
operations. His longest stint was at Wipro where he became the Chief Executive of Wipro's Global R&D before
working for chairman Azim Premji as corporate Vice-President, Mission Quality. He left Wipro in 1998 to join
Lucent Technologies. He left Lucent a year after to co-found Mindtree in 1999 along with 9 other co-
founders. Mindtree is a $500 million, Global IT services company with approximately 16000+ people. It is
listed at the National Stock Exchange and the Bombay Stock Exchange in India.
When Mindtree started, Subroto Bagchi began as chief operating officer. Soon after, the company was hit by a
global economic slowdown and then the events of 9/11 took place. Many early-stage companies collapsed
during this time and Bagchi moved to the US in response and helped the leadership team stay together through
the difficult years.
Between 1999 and 2007, he was instrumental in articulating Mindtree's mission, vision and values. He led
leadership development, marketing and knowledge management initiatives that differentiated the company from
the beginning. Mindtree's distinctive physical locations reflect his thought leadership. He is also the face of the
company's outreach beyond business. In 2007, he was part of the apex team that led Mindtree from an idea to
IPO. Post-IPO, Bagchi took on the role of Gardener at Mindtree. In this new role, he focused full-time on the
Top-100 leaders at Mindtree to expand their leadership capacity beyond the founding team. In 2010, he was
appointed vice-chairman to the Board. On 1 April 2012, he assumed the office of chairman.He stepped down as
the chairman during January 2016.
Subroto is also on the Board of White Swan Foundation. White Swan Foundation for Mental Health is a not-
for-profit organization that offers knowledge services in the area of mental health.