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This study was conducted to investigate (a) impact of Paradoxical Leadership Behavior (PLB) on employee creativity, (b) the mediating roles of employee exploration and exploitation in the above mentioned relationship, and (c) the moderating role of employee mindfulness in influencing the mediation effects. Data were collected from 262 respondents using a questionnaire. Structural equation modeling was used and the results indicate that employees working under a paradoxical leadership show more creativity by engaging in explorative and exploitative work activities. However, employee’s mindfulness does not moderate the proposed relationship. Implications and limitation of the study have been discussed.