For Immediate Release				29th May 2002


GLOBAL SOFTWARE SERVICES COMPANY CHOOSES BAHRAIN


Mindteck, the Global Software & IT Services company headquartered in New Jersey, United States, has announced the establishment of their group company ‘Mindteck Middle East’, in Bahrain. The appointment of their new Regional Manager,  Mr Ninad Chaubal, to be based in Bahrain, was also simultaneously announced. 

Announcing the proposed new thrust in the Middle East from Bahrain, Mr. Sumit Ganguli, Group CEO of Mindteck, said, " We are particularly happy to announce that we have been able to set up Mindteck Middle East, as a company registered in Bahrain within a very short time after we came to the conclusion that the potential business from the region could be enormous for our group. There are large and medium sized manufacturing companies in the GCC countries including Bahrain, Qatar, Oman, Saudi Arabia and the UAE, which will not only benefit from the cost effective support services that we can offer from offshore resources, but also from the high end value added products like embedded software, process automation solutions, etc that we can provide in the near term to such manufacturing companies in the various sectors of the Gulf economy, and  to service providers in sectors like the telecoms sector. Needless to say, many such companies in the region are poised for growth, and we hope to be able to help them in achieving their objectives cost-effectively."

Mr Ganguli also announced the appointment of Mr Ninad Chaubal as the first Regional Manager of Mindteck (ME), and added that " we are extremely pleased to have Mr Ninad Chaubal as our first Regional Manager based in Bahrain. Mr Chaubal has a wealth of experience in the industry having worked in senior capacities with well known Indian software houses like DCM, DataPro, Mahindras, DSQ Software, etc." "His knowledge of the region and its requirements -- and his international marketing skills and experience --, is something that we greatly value, particularly when combined with his technical competence in both hardware and software platforms, and in process automation solutions", concluded Mr Ganguli. 

Mindteck is a global software value added services company headquartered in New Jersey in the United States of America. The company has major development centers at Bangalore, Mumbai & Kolkata in India, and provides a strong India-centric offshore delivery capability. This facilitates the competent  delivery  of their products and services in the United States and through their existing subsidiaries,  in the United Kingdom, Japan and Singapore. The holding company of the group is owned by about 50 investors from several GCC countries, led by the Bahrain-based international investment bank, TAIB Bank.

 
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For more information, please contact the Media Coordinator:

Vivian Jamal
Stark Middle East
Tel: +973-537594
Fax:+973-537593
E-mail: vivian@taib.com