In the grand scheme of things, Bangalore-based IT services firm, Mindtree, turned in a quite respectable year, with headline revenues (to 31st March) up 8% at $436m. Profit performance was even more respectable, with operating margins now firmly in 'Tier 1' land at 18.0%, compared to 13.7% the prior year.
But in the grander scheme of things, Mindtree is rather dwarfed by its higher profile peers, which means it has to dodge between the footprints that the offshore giants tread. That said, larger footprints leave larger gaps.