Was ‘offered huge bags of money’: Mindtree founder Subroto Bagchi

New Delhi: Amidst a takeover bid, IT services firm Mindtree’s founder and former CEO, Subroto Bagchi, has revealed that he along with other promoters – Krishnakumar Natarajan, Rostow Ravanan and Parthasarathy N.S. were “offered huge bags of money to give Mindtree away”. In a letter to employees, Bagchi said: “KK, Rostow, Partha and I were offered huge bags of money to give Mindtree away.

We have respectfully said “no” to their overtures.” “Our polite refusal has been interpreted as foolish idealism of a bunch of lower middle-class folks. That, we are.” Bagchi informed the employees that he had quit from his current position as the Chairman of Odisha Skill Development Authority and has rejoined Mindtree.

“I cannot stay miles away, ensconced in another world to live the nightmare that the builders have arrived with the excavators, bulldozers, chainsaws, cranes and the impeccably drawn up blueprint to raze Mindtree. “I have with great pain, resigned my official position as Chairman of Odisha Skill Development Authority. I want to be on the spot with you because I will not be able to explain to my Creator as to why his gardener wasn’t there when the Tree was sought to be destroyed,” he said. The letter comes in the backdrop of Larsen and Toubro’s (L&T) bid to take it over.

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