MindTree, a leading software and R&D services conglomerate, has unveiled that the company will soon enter into the engineering services sector.

The source close to the company said that the new vertical will be under the ambit of the company`s R&D services wing, which currently accounts for around 22% of its revenues.

According to the sources, the company’s plan to enter in the engineering services sector will be finalised by December this year and by next financial year, it will start offering it as a service.

Stock of MindTree closed at Rs 342, down 1.86 per cent on Natioanl Stock Exchange. The total volume of shares traded was 14,337 at the NSE (Friday).