Information Given to Stock Exchanges

Updates

The Management committee of the Company has announced the business vision and growth strategy. The excerpts of the press meet are given below.

It has become imperative for the Company to draw up a new growth strategy in this highly competitive environment. As a first step towards providing a new thrust the Company is acquiring the New Jersey based Logistics Solutions Inc. (LSI), USA.

The major clients of LSIs are 3Com, Agere, AT&T Data Services, AT&T Labs, AT&T Wireless, Citibank, Ericsson, Goldman Sachs, GMAC, HSBC, IBM, LGC Wireless, Lucent, MCI Sprint, Merrill Lynch, Motorola, Nortel Networks, Prudential Insurance, SBC, Samsung, Telcordia Tech, Tellabs, Tycom Ltd., Verizon arid Worldcom.

The Company's core capabilities in both Technology solutions and services are described below:

The Company provides its clients an extensive array of IT services including SAP Implementation, Support, technology solutions (project work) and staff augmentation services. The Company's services arc delivered primarily to Fortune 1000 Companies and governmental agencies. As the Company has rich experience in implementing SAP and has successful implemented SAP projects in India and Middle East, it believes to bounce back into the market with focus on SAP Services, Consulting and Hi End Training where the Company has a good track record.