Information Given to Stock Exchanges

Announcement

The Company has set up a hi-end SAP Competency Centre at Chennai which will be inaugurated on November 15, 2007. This centre of excellence will focus on SAP related resource creation i.e. consultants; implementation tools, SAP remote hosting solutions and SAP based projects implementation & products. Within a year's time the Company aims to have a team of 300+ SAP professionals to cater to its global requirements.

Further the Company has announced that Mr. K. Chandrasekher has joined the Company as Chief Executive Officer - SAP Division.