Tuesday, February 1, 2022

Mindteck India Limited - Buy on declines.

 

Medical Devices and Healthcare

The medical devices industry is currently undergoing a rapid transformation due to multiple factors, including disruptive digital techniques and varying demands, especially from emerging markets.

Mindteck’s rich domain experience, equipped with an optimum mix of traditional and digital technological capabilities, help medical device manufacturers in multiple ways, including cost optimization, adoption to rapid changes in technology and accelerated time to market.

Life Sciences and Chemical Analysis

Life Sciences

Mindteck is a leading software and hardware solutions provider for the life science instrument segment. With its blend of engineering expertise and IT experience, Mindteck is uniquely positioned to deliver against the exacting, and often, demanding needs of the industry. For over ten years, Mindteck has partnered with some of the leading global organizations.

Our Life Science vertical is headed by industry experts and the delivery team is supported by scientific workers, certified professionals apart from software and hardware professionals.

Product Development Lifecycle

Mindteck's product life cycle management model coupled with good governance ensures delivery of predictable results through adoption of industry best practices perfected over a number of years.

Mindteck's service offering covers end-to-end product development and post-production maintenance and support till the life of the product. Mindteck's partnerships with leading technology vendors and manufacturing partners (both low and high volume) help us deliver products on time and of high quality.

Mindteck's success comes from understanding and recognizing customer's key concern areas which relate to intellectual property rights, project management & communication, induction of right resources on projects and quality documentation of every aspect of product development.

Solutions and Services

Built on its proven Product Engineering expertise, Mindteck offers a wide portfolio of engineering solutions and services to the Life Science industry. Our offerings extensively cover the complete product engineering needs of device manufacturers of this industry.

Mindteck provides end-to-end services in the areas of Test & Measurement systems, Control Systems, Analytical and Scientific Instruments and Medical Devices that ensures reduced time to market for our clients. Mindteck has deep understanding and hands-on experience in these areas and works with several leading companies and industry groups in these segments.

Analytical Instruments

Mindteck has over ten years of IT service association with the Analytical Instruments industry in developing complex solutions. With two state-of-the-art in-house Analytical Instrument Laboratories, we are capable of delivering software and hardware solutions, executing R&D assignments, and conducting analytical testing on a variety of instruments for our customers. Our analytical domain experts bring to bear the requisite knowledge, valuable insights, and end-user perspectives to our service offerings.

Semiconductor

Mindteck is a leading software and hardware solutions provider for the semiconductor industry. Over the past 16 years, we have catered to the needs of semiconductor capital equipment manufacturers, subsystem vendors, and FABS – helping them to improve equipment software features, performance and increase productivity.

Our semiconductor equipment product lifecycle services address the complete value chain – new product development, sustenance, testing, support and performance improvement services and solutions – helping our clients to fully leverage their core engineering team to focus on next-generation equipment solutions.

  • Domain knowledge and experience in both front-end and back-end equipment

  • Deep software subsystem expertise

  • Solution Accelerators

  • Mindteck's software services for semiconductor equipment

  • Key Value Proposition and Engineering Model

Domain Knowledge

We understand the industry ecosystem, market conditions and challenges, and have significant experience working on a variety of processes, methods and equipment, including Chemical Vapour Deposition (CVD), plasma-enhanced CVD, MBE, lithography, wet/dry etch, wafer sorters, wafer probers, vacuum transport, wafer handlers, ATE equipment, automated component inspection and metrology equipment.

Data Storage

Mindteck supports a range of data storage companies – from start-ups to Fortune 100 companies – in their pursuit to provide superior scalability and integration, better security, and rock-solid reliability to their large corporate clients, as they continually evolving their solution offerings to remain relevant and competitive.

Over a span of 16 years, we have garnered a distinct blend of domain knowledge and expertise, and built the capacity and capability, to serve as an extended engineering team for leading providers of:

  • Hyperconverged Storage Infrastructure (HCI)

  • Composable Infrastructure

  • Storage Data Management Software

  • Enterprise/Datacenter Storage Equipment

These clients now have the flexibility to scale a project up or down based upon business needs, and also utilize their own engineers for next-generation initiatives. In addition to improving efficiency and productivity in their core focus areas, they rely on our mindful approach encompassing:

  • Robust quality standards

  • Demonstrated ability to retain storage product knowledge over multiple years across large teams using effective knowledge management practices

  • Service agility geared toward providing attentive care, no matter the project size

  • Engagement flexibility – onsite/offshore – T&M, fixed-price, outcome-based models; also, solely onsite team extension and offshore team extension at captives

  • Quick ramp-up and on-time, quality delivery

Government

Mindteck's Government Practice is dedicated to helping State and Local Government Agencies solve the key challenges they have today. Economic pressures and the current fiscal situation faced by most States, along with constraints such as government regulations, adherence to procurement processes, tight budgets and pressure to deliver results quickly and economically, all combine to create unique challenges. Often, government organizations are unclear about the role Information Technology can play in helping solve these challenges. IT can enhance a department's performance, provide efficiencies, and deliver key services that optimize processes, resources, and reduces costs.

Mindteck - Advanced IT Solutions

Mindteck's Government Practice brings a deep understanding of client's needs, knowledge of technologies adopted by governments, and solutions that can solve IT challenges. Mindteck's Government offerings include:

  • Application Development and Maintenance Services

  • Program and Project Management

  • Mobile Application Strategy, Development, and Implementation

  • Business Analysis and Requirements Gathering

  • Testing and Quality Assurance

  • Strategic Consulting

  • Security Assessment and Remediation

Government Practice

Vast experience in providing IT services to government organizations in the US: Mindteck has been working with State and Local Governments since 1999. We have successfully executed numerous projects in health and human services, education, constituent services, and public safety in the following States: Pennsylvania, Texas, Michigan, Massachusetts, Oregon, District of Columbia, Wisconsin, California, West Virginia, New York, New Hampshire, and Florida. Our breadth and depth of knowledge and experience enables Mindteck to assimilate our clients' IT needs and present intelligent solutions.

Deep technical expertise and proven processes:

At Mindteck, we strive to deliver the best approaches and solutions during our engagements. Our consultants offer a wide range of skills from development, testing, and project management, to consulting and IT strategy. Most of our consultants have science or engineering-based Bachelor's or Master's degrees along with multiple IT certifications. Standards, frameworks, and methodologies are carefully chosen to match the customer's needs when it comes to delivering services: Quality standards of CMMi, ITIL framework, project management methodologies, requirements gathering methodologies (MindMarq), and the most effective Software Development Life Cycle methodologies are all tailored specifically to meet project needs.

Global presence/local availability:

Mindteck is a global company with offices in eight countries. Our Government Practice is managed from the heart of Pennsylvania's capital - Harrisburg, with regional support provided from our California, New Jersey and Colorado offices as needed. This global presence allows us access to an extensive talent pool from which to select appropriate resources for all types of IT projects.

Procurement Vehicles:

Mindteck is approved under numerous statewide IT procurement vehicles including the PA Master Services ITQ (Pennsylvania), CATS II (Maryland), ITSAC (Texas), etc.

IT Talent

Mindteck's IT Talent services encompass sourcing, vetting, deploying and retaining top-notch IT talent for a broad spectrum of clients around the globe. We also help develop IT workforces with training through Mindteck Academy.

Whether individual or team talent is required, for assignments or projects, onsite-offsite- or offshore, our services are geared toward helping clients optimize their operations and drive successful business outcomes.

Beyond Staffing

  • We are a technology company that has earned a strong reputation for providing exceptional engineering value and talent to Fortune 50-1000 companies and start-ups across a variety of industries, leading universities and government entities around the globe since 1991. We are devoted to delivering knowledge that matters to help our top-tier clients fulfill compliance requirements, develop and test new products, automate systems, innovate, compete, plus secure skilled talent who will fit seamlessly into the workplace environment. We are a technology company that knows the IT staffing space.

  • Beyond Resumes

    Our mindful approach to securing the right fit for your staffing requirements starts with listening by our sales team to determine the required technical and soft skills...followed by an evaluation of how best to deliver the candidates for your needs. Mindteck's continual investment in sourcing tools and recruiting staff, together with sourcing strategies and proven processes, help ensure that we Mindteck Match - tap the right talent and secure the right fit for your workforce needs in both a timely and cost-effective manner.

    Our Consultant Care ambassadors are in touch the moment new employees are deployed in order to ensure employees are continually happy and focused on delivering success to their project. We look beyond the resume to deliver long-term value.

  • Beyond Business

    At Mindteck, we strive to do everything we can do to help our clients accelerate growth and propel forward. The way we think, work and deliver revolves around what is meaningful for our clients, what is best for them, and what gives them tangible value, an edge and a great experience. Our solutions and services, engagement flexibility and devotion to relationships support this client focus, as do our sound methodologies and top-level quality certifications. We care.

Source - www.mindteck.com

Stock Performance - 12 Months

The scrip had a Year High of Rs. 300 and Year Low of Rs.41

This is a small cap Software services with good potential for growth. Investors should await and analyze Q3 results and buy in small lots.

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