Mindtree co-founder Subroto Bagchi quits govt role to take on raiders

Mindtree faces the risk of management change as its largest shareholder is reportedly in talks with a rival technology firm to offload his stake

Subroto Bagchi — one of the co-founders of Mindtree — resigned on Sunday as the head of Odisha Skill Development Authority and will return to Bengaluru, he said on his Twitter handle. “An imminent threat of hostile takeover of Mindtree has made me resign from the (Odisha) government, (so that I will be) able to go, (and) save the company,” he said. “I must protect the tree from people who have arrived with bulldozers and chainsaws, so that in its place, they can build a shopping mall.” 

Terming Mindtree a national resource, Bagchi said it has not been designed as an