mindtree founders
Mindtree Co-founders

Four months after resigning from technology consulting firm Mindtree’s company board and executive roles, the co-founders of the Indian MNC — Krishnakumar Natarajan, N S Parthasarathy and Rostow Ravanan are on verge of launching a ₹ 120 crore startup fund to invest in start-up companies working in the areas of Internet of Things (IoT), analytics and digital, reported Times of India citing its sources.

According to the report, the upcoming startup fund, which is awaiting market regulator SEBI’s approval, would be structured as an alternative investment fund (AIF), a privately pooled investment fund in the form of a trust or a company or a limited liability partnership (LLP).

One of the very first unicorn startups from India, Mindtree was founded by Natarajan, Parthasarathy and Ravananin in 1999 followed by becoming a public company in December 2006 and got listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).


In June 2019, Larsen & Toubro, an infrastructure major and one of the largest conglomerates in India, took over control of Mindtree by acquiring 52.8% shares in the company.

Started itself as an innovative startup, Mindtree was funded by the venture capital firms Walden International and Sivan Securities, and later in 2001 from the Capital Group and Franklin Templeton.

Apart from the fact that Mindtree’s co-founders have been investing in startups in their personal capacity, Mindtree had made a few acquisitions as well. In June 2005, Mindtree acquired Linc Software. Prior to that in September 2004, it acquired the software division of ASAP and ARPSL.

Besides being an advisor in TVS Capital Funds, Natarajan had earlier invested in crowdfunding platform 1Crowd, as well in logistics tech startup Truckola, in July 2016.

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