BILT 9M FY 2009 PAT at Rs. 1311 million

BILT 9M FY 2009 PBT at Rs. 1957 millionBILT 9M FY 2009 Revenues at Rs 21004 million BILT 9M FY 2009 Paper Revenues increase 11.76 % to Rs. 19417 million

Ballarpur Industries Limited (BILT) today announced its financial and operating results for 9M FY 2009 and Q3 FY 2009.

According to a statement issued by the Company:

*BILT follows a July 1 – June 30 fiscal year; therefore the current announcement covers the Company’s financial performance for the 9M and Third quarter of Fiscal 2009.

BILT (9M FY 2009 v/s 9M FY 2008)

· Paper Revenues increase 11.76% to Rs 19417 million compared with Rs 17374 million. Total Revenue at Rs. 21004 million compared with Rs 20375 million.

· PBIDT at Rs 4849 million vis-a-vis Rs 5372 million.

· PBT at Rs 1957 million vis-a-vis Rs 2785 million.

· PAT at Rs 1311 million vis-a-vis Rs. 2217 million.

· Fully Diluted EPS at Rs 2.08 compared with Rs. 3.51.

· Cash generation from operations (PAT + Depreciation + Deferred Tax Liability+ Amortisation) at Rs 3160 million compared with Rs. 4097 million.

BILT (Q3 FY 2009 v/s Q3 FY 2008)

· Consolidated Gross revenues (before Inter Segment Sale) for the quarter was Rs. 694.35 crores as against Rs. 723.51 crores for the corresponding quarter in the previous year.· Net sales (Post Intersegment Sales) for the quarter ended Mar 31, 2009 was Rs. 682.28 crores as against Rs.687.34 crores for the corresponding quarter in the previous year.

· The Consolidated EBIDTA for the quarter was Rs.135.76 crores as against Rs.183.26 crores in the corresponding previous quarter.

The EBIDTA for the domestic paper business increased to Rs.170.20 crores (30%) from Rs.130.70 crores (26%).

The operating performance for the quarter ended March 31, 2009 was impacted by the following:

a) Due to sluggish demand for paper in Malaysia and the maintenance shut coupled with stock liquidation the Sabah Forest Industries (SFI) operation’s ended up with the net loss for the quarter of Rs.41.29 crores. This is a one time non-recurring Loss. SFI has since commenced regular operations from March 23,2009.

b) Due to no off take for Rayon Grade Pulp. Unit Kamalapuram operations remained shut during the quarter. The net loss of unit Kamalapuram operations for the Quarter was 10.73 crores. Unit Kamalapuram is expected to resume operations in early May 2009.

Operating overview

· Total paper production of 438296 MT in 9M FY 2009 compared to 447578 MT in 9M FY 2008.

· Total paper production of 135854 MT in Q3 FY 2009 compared to 152048 MT in Q3 FY 2008.

· Total paper sales of 438162 MT in 9M FY 2009 compared with 440432 MT in 9M FY 2008.

· Total paper sales of 152986 MT in Q3 FY 2009 compared with 145566 MT in Q3 FY 2008.

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About Ballarpur Industries Limited

Ballarpur Industries Limited (BILT), part of the US$ 3 billion Avantha Group, is India’s largest manufacturer of writing and printing paper. Subsidiaries include Sabah Forest Industries, Malaysia’s largest pulp and paper company, and BILT Tree Tech Limited (BTTL), which runs BILT’s farm forestry programme in India. Ranked among the global top 100, BILT has seven manufacturing units.

In India, BILT has a dominant share of the high-end coated paper segment, with over 50% of the coated wood-free paper market, 85% of the bond paper market and nearly 45% of the hi-bright Maplitho market.

Some of BILT’s leading brands include Royal Executive Bond, BILT Matrix and BILT Ten on Ten.

About Avantha

The US$ 3 bn Avantha Group is one of India’s leading business conglomerates. Its successful entities include BILT, Crompton Greaves, The Global Green Company, Avantha Power & Infrastructure, Solaris ChemTech Industries, Salient Business Solutions, and Avantha Technologies. International subsidiaries include Pauwels, SFI, Intergarden, Ganz, Microsol, Sonomatra, MSE Power Systems and Puszta Konzerv Kft.

The Group has business interests in diverse areas including power transmission and distribution equipments and services, paper and pulp, energy and infrastructure, food processing, farm forestry, chemicals, IT and ITES. Led by Gautam Thapar, Avantha demonstrates strong leadership globally and emerges as a focused corporate, leveraging its knowledge, leadership and operations, adding lasting value for its stakeholders and investors.

GlacialTech Lighted up FINETECH JAPAN LED Expo' 09

GlacialTech Inc., a diversified provider of cooling, power supply, PC enclosure solutions for consumer and industrial applications, showcased a full range of its LED Lighting solutions that reflects GlacialTech’s leading edge technology at LED Expo, 2009 from April 15-17th.

LED Expo 2009 is the first & high reputation exhibition on LED products & technologies in Japan. This expo is dedicated to the science, technology and application of LEDs and solid-state lighting. The entire product line-up was displayed at LED Expo’ 09, 日本東京有明國際展覽中心(Tokyo Big Sight, Japan)

GlacialLight, another subdivision of GlacialTech Inc., will showcase its brand new range of high brightness, high power LED lighting solutions, for indoor, outdoor and other customized applications. GlacialLight indoor LED solutions present a fantastic low voltage alternative to the old style incandescent lights used in homes, offices, retail and other environments. Offering product lifetimes in excess of 35,000 hours, the indoor LED solutions offer the perfect blend between product innovation, lighting aesthetics and efficient energy & thermal management and are available for a wide variety of indoor applications. On the other hand, totally sealed, dustproof and waterproof, GlacialLight outdoor LED solutions provide efficient on board thermal management, control heat and power dissipation rates across LED clusters optimally and maintain brightness output uniformly across the solution.

“It is a perfect platform which brings both exhibitors and visitors and the greatest news was 2 of Japanese clients to choose GlacialLight all series products not just only showcase but also display all over around FINETECH JAPAN LED Expo’09 booth, GlacialTech is a company of Visitors, leading manufacturers, lighting specifiers, component and equipment suppliers and design engineers representing the companies, got together for the cause of shaping the future of LED technology., Therefore, that’s the reason GlacialLight is the one to be provider.

FINETECH JAPAN LED Expo’ 09 was a great success. The wide range of products, starting from signs and displays, banner stands, LED applications and lighting, industrial LED products, to beautiful LED waterfall, lawn lights drew all the visitors’ attention as they admired this new concept of LED Expo’ 09. GlacialTech highlighted that it truly leverages world-class engineering, efficient manufacturing and highest-quality materials to provide high brightness, low power LED lighting solutions for indoor, outdoor and other customized applications under the GlacialLight brand.

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About GlacialTech Inc.

Glacialtech Inc., is a diversified provider of cooling, power supply, PC enclosure solutions for consumer and industrial applications. Having established the strong relationships with thermal, SMPS and mechanism technology leaders worldwide, GlacialTech leverages world-class engineering, efficient manufacturing and highest-quality materials to provide its products with an optimal balance of performance and value. For more information about GlacialTech thermal technology, please visit the company homepage at www.glacialtech.com TEL: +886 2 2244 1227 E-mail: pr@GlacialTech.com

Tunetalk, a new Malaysian MVNO, selects the XIUS-bcgi Mobile Services Platform to launch its MVNO Services in South East Asia

XIUS-bcgi, a leader in delivering innovative telecom solutions for mobile operators and MVNOs worldwide, and Tunetalk, Malaysia's low-cost mobile phone operator, today announced that Tunetalk has chosen the XIUS-bcgi Mobile Services Platform (MSP) to power the launch and delivery of its paradigm-changing advertising supported, mobile phone service initially in Malaysia and subsequently to other countries in the ASEAN region.

XIUS-bcgi's Mobile Services Platform is a next-generation convergent platform for Mobile Virtual Network Enablers (MVNEs), Mobile Virtual Network Operators (MVNOs) and new entrants into mobile telecommunications space.

Tunetalk was co-founded by Tony Fernandes, Group CEO of the successful low cost airline, AirAsia. Key investors include TuneVentures group and Celcom (Malaysia) Berhad, a subsidiary of Axiata Group Berhad (Formally known as TM International Berhad). The company hopes to replicate the success of AirAsia in the mobile space by becoming the first pan-Asean MVNO by expanding to Singapore, Indonesia, Thailand and the Philippines.

Tunetalk plans to provide attractively priced mobile services along with several value added features to create niche segment offerings.

The company has also established strategic relationships with retail partners for selling its MVNO services and for serving as end distribution points.

Tunetalk is launching on the Celcom network in Malaysia in 2009 and plans are underway for similar launches in 2010 in other countries in the region.

XIUS-bcgi will be responsible for the supply and turnkey management of the customized core network infrastructure for enabling Tunetalk's mobile launch through its multi-country rollout.

Announcing the deal, G.V. Kumar, CEO of XIUS-bcgi, said, "XIUS-bcgi is very excited about the opportunity to work with such a pioneering organization as Tunetalk. The agreement is a clear demonstration and validation of the value and attractiveness of our Mobile Services Platform for innovative MVNOs aiming to acquire and support a large subscriber base within aggressive timelines."

"XIUS-bcgi is clearly a leader in core network infrastructure for next-generation carriers looking to deploy innovative services, and we look forward to working with XIUS-bcgi and leveraging on their knowledge and experience in this area” said Jason Lo, CEO of Tunetalk.

"We evaluated several service delivery alternatives and chose the MSP based on XIUS-bcgi’s proven performance and expertise in integrating and managing complex deployments. MSP will greatly enhance our capability to rollout innovative subscriber specific services, enabling us to concentrate on our core business. With XIUS-bcgi's technology, Tunetalk will achieve flexibility in pricing, branding and service management across multiple network deployments."

Added Upendra Bhatt, VP and Head of the Emerging Carriers SBU at XIUS-bcgi “This is an important strategic win for XIUS-bcgi, as it extends the global reach of our Mobile Services Platform into ASEAN markets. The contract with Tunetalk is a multi-million dollar, multi-year agreement and entails delivery of carrier grade core network infrastructure on a turnkey basis to power Tunetalk launch.”

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About Tunetalk

Tune Talk Sdn. Bhd. is the latest investment of Tune Ventures Sdn. Bhd. and formed to be the next Mobile Virtual Network Operator (MVNO) in Malaysia. Having secured an MVNO agreement with Celcom (Malaysia) Bhd, Tune Talk is poised to launch in 2009.

Following the footsteps of Air Asia and other Tune Ventures, Tune Talk will revolutionize the industry with unique offerings and innovative value propositions. Tune Talk will focus on the underserved mass market in its aim to become the first Pan-ASEAN MVNO.

About XIUS-bcgi

XIUS-bcgi (a division of Megasoft Limited, BSE Code No.: 532408) is a leader in delivering innovative revenue-generating solutions to mobile operators and MVNOs worldwide. With 500+ employees, XIUS-bcgi architects infrastructure and mobile solutions that are flexible, scalable and robust - clearing the way for mobile operators to rapidly deliver differentiated services in order to gain first mover advantage and build subscriber loyalty. XIUS-bcgi has more than 100 installations throughout the world, and its customers include leading mobile operators such as Sprint, Telefonica, Etisalat, Embarq and Hutch. For more information, please visit www.xius-bcgi.com.

SatGuide makes its appearance on small screen with .mobi version

With the increase in growth for handheld devices, the future unfolds itself through Internet access on mobile devices. This being a prediction for future, is the next best marketing strategy for all consumer driven organizations in the country. Keep the same strategy in view, SatNav Technologies has launched their website as a .mobi version making it highly accessible for all existing and potential customers on their GPRS enabled handsets. This version is compatible with all Windows and Symbian operating phones.

Earlier, people were not comfortable using the GPRS technology to browse for information due to various reasons like slow data transfer speed, network coverage for GPRS services and limited performance of the handset browser software. Also the handsets had low resolution screens and the price for the usage of the data was really high. However, all these excuses have now become pre-historic. People are now more dependent on their handsets than before. Since mankind is on the move at all times, they depend on their handsets to be their extra helping hand in communicating to the outside world, in capturing important information and also gathering necessary information for them.

For a consumer driven company, to be able to reach-out to their customer no matter what given situation they are in, is a priority. With the .mobi version of the website, SatGuide customers as well as others interested in the navigation products of the company can browse and get all the required information on their handsets. The company said that the launch of this version of the website was done by only keeping customers benefit in mind. The .mobi version is optimized to browse the website on a mobile phone as it tackles all the hard factors like screens, device size, input/output options etc and soft factors like immediacy of the results.

For further information log onto www.satguide.mobi

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About SatNav Technologies

Incorporated on January 9, 2004, SatNav Technologies is an ISO certified IT Products Company that is a pioneer in Navigation, Intelligent Transportation Systems (ITS) and Business Infrastructure Management Solution (BIMS) related products. SatNav’s products include an immensely popular GPS Navigation Product SatGuide available at hundreds of stores all over the country including leading retailers like Croma, EZone, Reliance, ABRL, Staples among others - that is helping customers “Never Get Lost!” , variants include Navigation solutions for dedication navigation devices, PDAs, Phones, Laptops, Desktops, SatGuide Logger among others. Also in SatNav portfolio are unique products; a Business Infrastructure Management System, a-mantra; and an online directions portal Roadsofindia.com, among others.

MAAC Junior Toon Club (MJTC) inaugurates 5 centres in Delhi

MAAC Junior Toon Club (MJTC), the education division of Maya Entertainment Limited for the age group of 7-14 years launched first five of its centers in Delhi. Maya Junior Toon Club is a unique learning initiative that looks at honing children's creative instincts through the use of animation. Situated at Preet Vihar, Anand Vihar, Punjabi Bagh, Faridabad and Gurgaon, the five MJTC centers have started enrolling kids in these areas.

The MJTC concept has been founded on the basic premise that toons today are inherent parts of childhood. It looks at using this love for toons among children to develop creativity.

"Our research says the influence of early environment on brain development has long lasting impact on the child’s overall growth into adolescence. The programs are designed to help kids to develop the right brain, which focuses on aesthetics, feelings & creativity. We aim to trigger the imagination, self expression, motor skills and creativity of our students through our uniquely designed modules to make our students creatively oriented future leaders," Kingshuk Gupta, Business Head, MJTC said.

Through MJTC's unique seven module programme children learn visual story-telling skills along with auditory perceptions, the art of movement, referencing it from life, hone motor skills, hand-eye co-ordination and apply laws of Physics & Math while learning the art of movement.

The curriculum designed along international lines brings together a unique blend of fun and learning using animation techniques through scientifically guided mentoring. This takes the student from the history and basics of animation right to motion, story telling and even post-production skills.

According to Mr. Gupta, MJTC plans to follow a mixed business model of company owned/ franchised centers & school curriculum across the country. MJTC plans to be present in all the major cities of India by FY 2011through Company owned / franchised centers and school programs. MJTC already has 500 students studying across its 3 centers & Beacon High School as part of the school curriculum in Mumbai.

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About MJTC

MAAC Junior Toon Club (MJTC) is an organization driven by the passion of industry experts in the field of creativity, animation and education. MJTC inculcates art, creativity and storytelling in the age group of 7-14 years enhancing overall skills of self expression and reasoning. The award curriculum designed along international lines brings together a unique blend of fun and learning using animation techniques through a scientifically guided mentoring. MJTC is a Maya Academy of Advance Cinematics (MAAC) initiative in technical alliance with Toon Club.

Strontium Technology to Kick Start its 2nd Service Center in Delhi

Strontium Technology, the No.1 PC memory maker of Singapore, announces today that it will open its 2nd service center in Delhi. The new service center will be in addition to the existing center at Pondicherry.

Mr. Vivian Singh, CEO, Strontium Singapore, said ‘Strontium stands for the highest customer service and additional service center in Delhi will increase channel confidence and increase customer satisfaction. The service center will not only act as the point to provide no hassle warranty but also assist the distribution channel partners with technical support and field application issues.”

Strontium uses only “Major Brand” memory chips in manufacturing Strontium branded memory modules. "It is already well known to the Indian distribution channel that Major Brand chips like Hynix and Micron are tested very rigorously and memory modules manufactured by Strontium have low failure rate because Strontium uses only Major Brand chips", Singh said.

Mr. Ajay Kogta, Country Manager, India Sub-continent, said, "With the establishment of another service center in Delhi, we will be able to cut down the turn around time of our service from days to hours.”

“The center will be set up in or around Nehru Place, New Delhi for the easy access of our customers and partners in the Northern India. The center would be fully operational by the end of the current quarter,” Kogta added.

After successfully entering and establishing its marketing office in the Indian market, Strontium is establishing second service center for its customers. It justifies the company’s goal of becoming a long term and leading player in the Indian memory market.

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About Strontium Technology Pte Ltd, Singapore

Strontium is Singapore’s No.1 PC memory maker with revenue exceeding US$210 million in 2008. Strontium is amongst the Top 100 Companies as ranked by International Enterprise Singapore, an agency of Government of Singapore. Its operations and businesses are spread in Australia, New Zealand, South East Asia, US and Latin American markets.

Triveni Q2FY 09 net sales up 21% at Rs 458 crore EBITDA up 22% at Rs 111 crore with margin of 24% PBT increases 21% to Rs 53.7 crore and PAT at Rs. 37

Triveni Engineering & Industries Ltd. (‘Triveni’), one of India’s leading companies engaged in the manufacture of sugar and engineered-to-order mechanical equipment, such as steam turbines, high speed gears and water and wastewater treatment equipment, today announced its performance for the quarter /half-year ended 31st March 2009 (H1 / Q2 FY 09).

PERFORMANCE OVERVIEW: Q2FY 09 V/S Q2FY 08

(Q2 FY 2009 – January– March 2009); (Q2 FY 08 – January – March 2008)

· Net Sales increase by 21% to Rs. 458 crore

· EBITDA of Rs. 111 crore, increased by 22% with a margin of 24%

· Profit before Interest & Tax (PBIT) has gone up by 28% at Rs. 89.1 crore

· Sugar operation achieved turnaround during the current quarter with a growth in sales by 60% and registering a strong PBIT of Rs. 50.4 crore as against Rs. 1.1 crore during the corresponding quarter of the previous year.

· Engineering businesses registered a decline in sales of 9% on account of the overall market conditions. There have been some deferments of deliveries as the deliveries to the customers depend on their financial condition and availability of funds to make the final payment before the delivery of material. The turnover during the current quarter is higher by 40% when compared with the first quarter of the current financial year indicating improved sentiments.

· PBT during Q2 increased by over 21% when compared with the corresponding quarter of last year at Rs. 53.7 crore.

· PAT for the quarter was Rs. 37.8 crore which is an increase of 10% when compared with the corresponding quarter of the previous year and an increase of 58% when compared with the previous quarter of the current financial year.

· EPS for Q2 (not annualized) was Rs. 1.46.

PERFORMANCE OVERVIEW: H1FY 09 V/S H1FY 08

(H1 FY 2009 – October– March 2009); (H1 FY 08 – October – March 2008)

· Net Sales increase by 13.5% to Rs. 823 crore

· EBITDA of Rs. 195 crore, increased by 20% with increase in margins by 130 basis points at 23.7%

· Profit before Interest & Tax (PBIT) has gone up by 27% during H1 at Rs. 152 crore

· Profit after tax (PAT) has gone up by 3% at Rs. 61.7 crore

· EPS for H1 (not annualized) was Rs. 2.39.

Commenting on the Company’s financial performance, Mr Dhruv M. Sawhney, Chairman and Managing Director, Triveni Engineering & Industries Ltd, said:

“We are pleased to report a strong performance results for the quarter under the given market conditions. In sugar segment, on account of increased sugar realisations and increased volumes of sales from carried forward inventory, we could register strong turnover & profitability. Sugar production during 2008-09 season has been lower by ~45% both in the state of Uttar Pradesh and also nationally. This was primarily due to abysmal yields and recoveries during the year, the kind of which we have not seen in the last one decade. We believe, with the increased remuneration to cane farmers which will encourage the farmer to sow more cane and with the forecast of timely and normal monsoon, the sugar cane availability in UP for the next season should be much better than this season. With sharp decline in sugar production during the current season, the sugar prices are on the rise and are expected to further increase in the coming quarters, factoring in landed imported sugar prices. On account of increased cane prices paid during the current season at the SAP announced by UP Government, the cost of production is high, but with the increasing trend in realization and with the availability of sizeable stock of opening inventories at lower cost, our company is well placed.

Under the current market situation, the order book in our engineering businesses is robust and as on 31st March 2009, the same has been at Rs. 769 crore. During the current quarter, we have registered higher sales in both our Turbines & Gears business over the first quarter of the current financial year. It may be a pointer to the fact that the financial condition with our customers has started improving. With the various initiatives taken by both Central Government and Reserve Bank of India for improving the liquidity, reducing cost of borrowing and making requisite credit available to the corporates, we expect the situation will improve further in the coming quarters and for the year as a whole, the same is expected to get normalized.”

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About Triveni Engineering & Industries Limited

Triveni Engineering & Industries Limited is a focused, growing corporation having core competencies in the areas of sugar and engineering. The Company is among the three largest sugar manufacturers in India, and the market leader in its engineering businesses comprising steam turbines, high speed gears, gearboxes, and water treatment solutions. Triveni currently has seven sugar mills in operation at Khatauli, Deoband, Sabitgarh, (all in western Uttar Pradesh), Chandanpur, Raninagal and Milak Narainpur (all in central Uttar Pradesh) and Ramkola (eastern Uttar Pradesh). The Company’s turbine manufacturing and gear manufacturing facilities are located at Bangalore and Mysore respectively while the Water & Waste water treatment business is located at Noida. Triveni’s sugar crushing capacity is 61,000 TCD. The Company also has a total co-generation capacity of 68 MW located in two of its major facilities viz., Khatauli (46 MW) & Deoband (22 MW) and a 160,000 litre per day capacity distillery at Muzaffarnagar. Additionally, Triveni Khushali Bazaar, a rural and semi-urban retail store, is steadily expanding its reach with 42 stores currently in operation.

"Vote for our future" ...says 6 year old Nanak Only on BIG 92.7 FM's voting campaign...Sonali and Roop Kumar Rathod second them!

With elections being the flavour of the season, BIG 92.7 FM’s Delhi Station hosted a unique campaign urging Delhi-ites to exercise their right to vote. The campaign, led by young kids is aptly titled ‘Vote for Our Future’, and has these kids urging adults to behave responsibly, given that their future is in their hands! Kids from Presidium School, came together with the Radio Station and spent a morning painting their messages on voting. While some kids drew, the others just did graffiti on the flex, which showed their solidarity in thought. Bollywood singers Sonali Rathod and Roop Kumar Rathod seconded the kids as they too participated with much enthusiasm in the creativity.

Several of the kids were also seen making the voting mark on their fingers with sketch-pens, making a statement that they cannot vote right now, but will definitely do so when they reach the right age. The kids were at their creative best, using a riot of colours which finally resulted in an extremely colourful and meaningful message to adults. The kids had an excellent time not just drawing and going on air but also indulging in a sing song with the singer duo Sonali Rathod and Roop Kumar Rathod who were as good as little kids as they interacted and drew on the graffiti wall.

The message of Voting has been promoted heavily in air through creatives and Delhi being the political capital of the country, all the latest developments on the political front, while providing listeners with information has been covered, all this while spreading the clear message to Vote! The event with the kids was an extremely innovative way to communicate with adults, making them realise that it is not just their lives, but millions of lives of young kids that their votes will impact. The kids, all below the age of 18, seemed extremely aware of what they wanted from politicians, with some of them actually expressing interest in becoming the prime minister of the country one day! They sketch-pen marks on their index fingers only implied how committed they were to voting, when their time came!

Commenting on the campaign, Mr. Ashwin Padmanabhan, Station Director, BIG 92.7 FM Delhi said, “As a responsible media brand, it is our endeavour to influence and positively impact society through our holistic offerings and innovations. We have conceptualised this unique campaign, using kids, so that we demonstrate to adults that there are thousands of little kids who are dependent on them to exercise their right to vote responsibly. Vote for our Future is innovative and is sure to get noticed and create a sizable impact and will be an eye-opener for those who take this right lightly.”

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BIG 92.7 FM, India’s No. 1 FM Station and a Radio initiative from Adlabs Films Ltd., since its first station launch in September 2006, has expanded at a phenomenal pace creating history by launching its 45 station network in 18 months, including an FM station in Singapore. Having completed its goal of a Pan Indian presence spanning 45 cities, 1000 towns and 50,000 villages to reach 200 million Indians across the sub-continent, the brand is now looking towards expanding to more cities within the country as well as overseas. The brand has taken FM as a medium of entertainment beyond the metros, to virgin markets, offering consumers and advertisers a new experience of this medium of entertainment. Within a short span of time with distinctive content and innovative promotion, BIG 92.7 FM has established leadership in the FM space and firmly laid the foundation for an exciting future ahead.

Impetus ranks in Sony Ericsson Developer World Awards 2009

Impetus Technologies (www.impetus.com), the pioneers in outsourced product development and engineering services has received the Sony Ericsson Developer World India Award 2009. Impetus nominated its highly innovative application “GeoScrapper”- a mobile application which provides Location Based Services and Social Networking.

Great Indian Developer Awards is India’s first and premier awards for the software developer ecosystem that recognizes organizations and products that are contributing to the evangelism, productivity and innovation excellence of the Indian developer ecosystem. The winners were announced and honored at the Great Indian Developer Awards 2009 ceremony held on 25th April,2009 in Bangalore. The three day event was attended by delegates from mobile operators, software companies, equipment providers, Internet companies and media and entertainment organizations. Seven winners qualified for a 100 day mentor program to become a “Sony Ericsson Certified Developer” .

Impetus’ GeoScrapper is a mash up application providing Location Based Services and Social Networking. It is a GPS-based navigation system using Google Maps, where users can share information related to any interesting location by posting scraps and comments within their social community, which then gets displayed on the Map.

Speaking on the achievement, Mr. Praveen Kankariya, CEO, Impetus Technologies said, "We are truly privileged to be recognized in this Award Competition. This is a moment of joy for the entire Impetus family. We have again proven that we are fast becoming a major player in the exciting and high-growth domain of mobile and wireless application software. We are doing some exciting work in the upcoming mobile technology space, and this recognition will only serve to inspire and motivate us more.”

As a winner, Impetus is entitled to “Business and Technical mentorship” program conducted by Sony Ericsson and four industry experts, that will lead to the ‘Sony Ericsson Certified Developers’ certification.

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About Impetus:

Headquartered in San Jose, Impetus Technologies provides outsourced software product design, R&D and related services to leading global software product companies. Impetus has been involved with hundreds of product launches over its decade-long association with its clients ranging from enterprise class companies to innovative technology start-ups.

Impetus works on cutting-edge technologies to develop a variety of next-generation products for a range of vertical domains. From enterprise applications that optimize supply chains and credit portfolios, to solutions for the emerging rich media and digital content verticals; and from products for wireless networks and mobile handsets to software for network forensics and communication monitoring, Impetus’ emphasis on continuous innovation adds significant value to its clients’ technology initiatives.

MindTree Posts Strong Consolidated Annual Revenue Growth of 67.3%, EBITDA Growth of 163.9% in Rupee Terms

MindTree Limited, a global IT Solutions Company, announced its consolidated results today for the fourth quarter ended March 31, 2009 and Financial Year (FY) 2008-09 as approved by its Board of Directors.

Consolidated Financial Highlights for the FY 2008-09

- Revenue was Rs 12,375 Million, EBITDA was Rs 3,310 Million.

- In dollar terms, Revenue increased by 46.1% over the previous year to $269.1 Million. EBITDA was 27%, indicating a growth of 131.8%. PAT was down by 55.5% to $11.4 Million due to Mark to Market provisions.

- Basic Earnings Per Share (EPS) stood at Rs 13.8.

- MindTree met its revenue guidance in rupee and dollar terms.

Consolidated Financial Highlights for the Fourth Quarter ended March 31, 2009

- In rupee terms, Revenue grew by 62.3% Year over Year (YoY) to Rs 3,381 Million. EBITDA was 25.6%, reflecting a growth of 125.4% YoY.

- In dollar terms, Revenue grew by 28.1% YoY to $67.9 Million. EBITDA was 25.4%, indicating a growth of 79.9% YoY. The Quarter over Quarter (QoQ) revenue declined by 9%.

- 22 new customers were added during the quarter.

- 217 people were added on a net basis during the quarter, taking the people strength to 7,866 as of March 31, 2009.

Other FY 2008-09 Highlights

- In the MindTree Customer Experience Survey during the year, 90% of our customers gave a rating of 4 and above (on a scale of 5) on overall satisfaction and 95% of them rated 4 and above (on a scale of 5) on their willingness to do repeat business.

- As of March 31, 2009, the active customer base was 261, including 37 Global Fortune 500 Companies.

- MindTree announced a major organizational restructure as part of its growth plans and objective of becoming a $1 billion organization.

- MindTree was assigned a long-term rating of ‘AA (ind)’ and a short-term rating of ‘F1+(ind)’ by Fitch Ratings. Further, the agency rated the Outlook as “stable.”

“Despite the current economic challenges, we have shown an industry leading revenue growth. It draws from the strengths of both MindTree and Aztecsoft and strengthens our position as the best mid-sized Company,” said MindTree Executive Chairman Ashok Soota. “Our new organization structure and focus on new business areas will help us withstand the economic crisis and continue on our path to become a $1 billion organization,” he added.

MindTree CEO & MD Krishnakumar Natarajan said, “We are winning new customers and expanding engagements with existing customers, and we are also focusing on improving our operational efficiency. Though we see short-term challenges, we feel good about the long-term outlook.”

Consolidated Guidance for FY 2009-10

- MindTree has announced a revenue guidance of $290 – 300 Million (Rs 14,906 –15,420 Million).

- PAT of $37.7 – 39 Million (Rs 1,938 – 2,005 Million).

- EPS is expected to be in the range of Rs 49.3 – 50.9.

- The above guidance is based on an average exchange rate of INR 51.4 = 1USD for FY 2009-10.

Company Awards and Recognition during FY 2008-09

MindTree continued to receive accolades during the year for corporate governance, innovation, knowledge management and for being among the best employers. MindTree received the following recognitions during FY 2008-09.

- MindTree was the winner of the National Award for Excellence in Corporate Governance for 2007-08.

- MindTree became the first Indian company to win the Texas Instruments (TI) 2008 Supplier Excellence Award.

- MindTree was named in the Leaders Category of the 2009 Global Outsourcing 100 List by the International Association of Outsourcing Professionals (IAOP).

- MindTree was ranked No. 1 among the winners of the Indian Most Admired Knowledge Enterprises (MAKE) award for the second consecutive year in 2008. MindTree was also the winner of the Asian Most Admired Knowledge Enterprise (MAKE) award for 2008.

- The Great Places to Work Institute, in collaboration with The Economic Times, selected MindTree to the list of ‘Great Places to Work in India’ for 2008, and specially recognized the Company as the Best Workplace for Women in India.

- MindTree was declared the Recruitment and Staffing Best In Class (RASBIC) Industry Leader of the Year 2008.

- MindTree Executive Chairman Ashok Soota was conferred the Most Innovative People Award in the category of Knowledge Innovation at the World Summit on Innovation and Entrepreneurship 2008.

- MindTree won the SAP ACE Award for Customer Excellence 2008.

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About MindTree Ltd.

MindTree Ltd. is a global IT Solutions Company specializing in IT Services, Independent Testing, Infrastructure Management and Technical Support (IMTS), Knowledge Services and Product Engineering, which comprises of R&D Services and Outsourced Product Development. MindTree partners with its clients to create a transparent, value-based relationship. Our people build innovative solutions in a wide range of technology domains that enable our customers to succeed in their business goals.

MindTree was named among the Top 30 offshore service providers by the International Association of Outsourcing Professionals and Fortune Magazine. Widely known for its focus on human capital development, MindTree has been consistently rated among the most admired employers by several industry surveys, including Great Places To Work Institute, Hewitt Associates and Mercer. MindTree was ranked No. 1 among the Most Admired Knowledge Enterprise (MAKE) India Award winners for the second consecutive year in 2008. MindTree is the winner of the National Award for Excellence in Corporate Governance in India in 2007-08. The Company is publicly listed in India. Please visit us at www.mindtree.com.

Safe Harbor

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause our actual results to differ materially from those in such forward-looking statements. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

Jaiprakash Associates announces 63.13% higher turnover for Q4FY09

Q4FY09 Results (all comparisons with Q4FY08)

• Total income at Rs 2194.57 crore, up by 63.13% from Rs 1345.28 crore
• EBIDTA at Rs 814.96 crore, up by 75.71% from Rs 463.79 crore
• PAT at Rs 385.32 crore, up 83.12% from Rs 210.41 crore
• PBT at Rs 544.46 crore, up by 78.27 % from Rs 305.40 crore
• EPS at Rs 3.27
• Operating profit margin of 35.27%
• PAT margin of 17.26%
• Cement dispatches in Q4FY09 was at 22.23 lakh MT up 12.41% v/s 19.77 lakh MT in Q4FY08

Segmental Division Results Highlights – Q4FY09

• Turnover from Cement Division (including cement products) at Rs 673.96 crore v/s Rs 578.59 crore registering growth of 16.48%
• Turnover from Engineering Division (including Wind Power) at Rs 1242.26 crore v/s Rs 507.32 crore registering a growth of 144.87%
• Turnover from Real Estate at Rs 278.35 crore v/s Rs 259.37 crore registering a growth of 7.32%

FY09 Results (all comparisons with FY08)

• Total income at Rs 6189.76 crore, up by 44.83% from Rs 4273.64 crore
• EBIDTA at Rs 2027.02 crore, up by 46.27% from Rs 1385.79 crore
• PAT at Rs 881.22 crore, up by 44.54 % from Rs 609.67 crore
• PBT at Rs 1228.88 crore, up 45.71% from Rs 843.35 crore
• EPS at Rs 7.48
• Operating profit margin of 30.80%
• PAT margin of 14.24%
• Cement dispatches in FY09 was at 76.07 lakh MT up 12.49% v/s 67.63 lakh MT in FY08

Segmental Division Results Highlights – FY09

• Turnover from Cement Division (including cement products) at Rs 2317.41 crore v/s Rs 1998.14 crore registering growth of 15.98%
• Turnover from Engineering Division (including Wind Power) at Rs 3416.42 crore v/s Rs 2001.63 crore registering a growth of 70.68%
• Turnover from Real Estate at Rs 455.94 crore v/s Rs 273.86 crore registering a growth of 66.49%

Highlights

• 2nd interim dividend of 15% (Rs 0.30 per equity share of Rs 2/-) for the year 2008-09
• Announced cricketing idol Sachin Tendulkar to endorse Jaypee Cement brand
• 2 MTPA cement capacity with new kiln at Dalla, UP has been successfully commissioned along with captive power plant of 27 MW
• Total installed cement capacity of the company is 13.5 MTPA with total installed captive power plant capacity of 153.5 MW as on March 31, 2009

Jaiprakash Associates Limited (JAL) the leading infrastructure conglomerate announced remarkable growth in the fourth quarter ended March 31, 2009. The total income for Q4FY09 was at Rs 2194.57 crore as compared to Rs 1345.28 crore in Q4FY08; an increase of 63.13%. EBIDTA for Q4FY09 stood at Rs 814.96 crore; registering an increase of 75.71% as compared to Rs 463.79 crore in the corresponding previous period. Net profit for the Q4FY09 improved to Rs 385.32 crore as against Rs 210.41crore in Q4FY08, an increase of 83.12%. The earnings per share (EPS) for Q4FY09 stood at Rs 3.27 per share.

The exemplary performances of JAL’s operational subsidiaries have played a pivotal role in the overall growth of the group. The share of revenue from Cement Division (including cement products) during the quarter constituted 31% of the revenue while Engineering Division (including wind power) during the quarter constituted 57% of the revenue while revenue from real estate constituted 13% of the total revenue.

During Q4FY09, JAL also received the nod of shareholders and creditors for the proposed scheme of amalgamation of the Jaypee Hotels Ltd, Jaypee Cement Ltd, Jaiprakash Enterprises Ltd, and Gujarat Anjan Cement Ltd, with Jaiprakash Associates Ltd. JAL has also repurchased and extinguished the zero coupon convertible bonds aggregating to the face value of approximately US$ 40.025 million (out of the outstanding FCCB-III aggregating USD 395.5 million against the issue size USD 400 million due 2012) during Q4FY09 in three phases.

Commenting on the Company’s performance for Q4 FY09, Mr. Manoj Gaur, Executive Chairman, Jaiprakash Associates Ltd. said, “We are pleased to post encouraging growth in our operating performance even in this challenging economic scenario. Focus on increasing productivity, managing costs and ensuring high productivity per employee has been another key factor in our success. In this scenario JAL’s consistent focus in tapping growth opportunities in its area of competence and deep belief in nation's unlimited potential has helped us in excelling across all our business verticals"

FY09 Results

The total income for FY09 was at Rs 6189.76 crore as compared to Rs 4273.64 crore in FY08; an increase of 44.83%. EBIDTA for FY09 stood at Rs 2027.04 crore; registering an increase of 46.27% as compared to Rs 1385.79 crore in the corresponding previous period. Net profit for the FY09 improved to Rs 881.22 crore as against Rs 609.67 crore in FY08, an increase of 44.54%. The earnings per share (EPS) for FY09 stood at Rs 7.48 per share.

The share of revenue from Cement Division (including cement products) during the year constituted 37.44% of the revenue while Engineering Division (including wind power) during the year constituted 55% of the revenue while revenue from real estate constituted 7% of the total revenue.

“Jaypee cements’ growth, based on its learning of past has given it good understanding of the cement sector. With continued emphasis on improving productivity, creating capacity before demand and focus on customers’ satisfaction has in turn, helped Jaypee cements emerge as the fastest company to expand through organic route.” Mr. Gaur further added.

During the year 2 MTPA cement capacity plant at Sidhi (M.P.) has also been successfully commissioned. JAL also registered growth of 12.5% in cement despatches as compared to FY08.

The board of directors also declared an interim dividend of 15% (Rs 0.30 per equity share of Rs 2/-) for the year 2008-09.

JAL has been awarded LOIs for 2X660 MW Karchana Thermal Power Project and 3X660 MW Bara Thermal Power project in UP.

Broad outlook

The company is in final stage of capacity expansions in cements business and expects to have combined cement capacity of 18 MTPA by the end of the current fiscal. As of now the company has combined commissioned capacity of over 13.5 million tonnes per annum (MTPA) and is a brand leader in its current marketing zone, consisting of Central and parts of Northern India. The Company has undertaken a bold expansion plan to achieve a 35 MTPA capacity by 2011 – one of the fastest organic expansions worldwide in the cement industry.

Construction work on entire 165 km of the Yamuna Expressway project is in progress and the project is scheduled to be completed by 2010. The power business of the company is also progressing well and both, 300 MW Baspa - II and 400 MW Vishnuprayag are generating energy in excess of their design energy. Work on the group’s 1000 MW Karcham-Wangtoo project is progressing on fast track basis with the project slated for commissioning six months ahead of schedule.

JAL, has the strongest credentials when it comes to project execution, building new capacities, be it hydropower or cement and has consistently delivered in enhancing shareholder value.

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About Jaiprakash Associates Limited

The group is a diversified infrastructure conglomerate and has a formidable presence in Engineering & Construction along with interests in the power, cement, hospitality, real estate, expressways and education (not for profit). For more details please visit http://www.jalindia.com

Maspar Enters In Indian Retail Market

Maspar, one of the coveted names in the Indian home fashion industry and lifestyle accessories across the world has ventured into the Indian retail market and opened multi brand retail outlets with one of India’s leading retail companies Lifestyle.

Maspar has kickstarted its Indian retail operations by launching its stores in states of Andhra Pradesh, Maharashtra, Tamil Nadu and Uttar Pradesh. The company simultaneously has opened five stores in Hyderabad, Mumbai, Chennai and Noida.

Maspar has set up medium format – 300 sq.ft retail outlets in Lifestyle Home Center. Apart from the nine exclusive stores Maspar’s retail outlets will offer a complete co-ordinated range of furnishings emphasizing on their unique and trendy designs and styles of soft home solutions, designed and manufactured by the firm itself, will be retailed.

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ABOUT MASPAR

Maspar was set up in the year 2002, and has been supplying to prominent furnishing houses like Marks & Spencer, JC Penny, William Sonama Group, The Bay, Home outfitters & Loblaws, Galeries Lafayette and BHV. Bringing international quality standards to the Indian market.

Each product goes through controlled dyeing for colourfastness and is processed for quality. Manufacturing of chenille yarn, dyeing of yarn, fabric and made-ups, printing, quilting, cording, special purpose sewing machines-the latest technology that exists today, has been brought under one roof allowing it to offer a guarantee on its products.

Experiments in term of design, color combinations, blending of fabrics and other materials make Maspar products unique in many aspects. One can find a harmonious co-existence of modern, contemporary and ethnic in its collection. Something that has to be seen in unbelievable range for bedroom, dining room, kitchen and bathroom.

The Co-operative Financial Services selects Finacle™ from Infosys for home-market core systems & channels transformation

Infosys Technologies Ltd. and The Co-operative Financial Services (CFS) have today announced that CFS has chosen Finacle™ Universal Banking Solution to power its business transformation initiative. As part of the programme, CFS, part of The Co-operative Group, the UK's largest consumer co-operative, will replace systems across its back-office and channels in the Retail Banking and Corporate Banking businesses with Finacle™. This initiative will also include the implementation of Finacle™ core banking, CRM (uniting CFS banking and insurance businesses) and e-banking solutions across the critical home-market operations of CFS in the UK.

A strong customer focus and high operational excellence are vital as part of CFS’s future development and growth strategies. The existing technology infrastructure while fit for purpose at present is considered unsuitable for future requirements and CFS has decided to replace the existing legacy systems with a world-class banking solution.

David Anderson, Chief Executive at The Co-Operative Financial Services, said, “The Enterprise Platform programme is a strategic initiative for CFS and deploying the right technology is critical to creating a client-centric business based on our core principles of value, fairness and social responsibility.”

According to Nandan Nilekani, Co-Chairman of the Board of Directors, Infosys Technologies Ltd, “The value-driven best-in-class capabilities of Infosys combined with the global leadership of Finacle™ Universal Banking Solution provides CFS a strategic partner with proven expertise for achieving the group’s transformation objectives.”

The rigorous selection process focused on acquiring a new generation platform to support the group’s crucial objectives of product innovation and client-centricity, standardisation of platforms and processes, and scalability for future growth.

Clive Elliott, Director of Enterprise Platform at The Co-operative Financial Services, commented, “We selected Finacle™ from Infosys as our strategic partner in this transformation journey for the strong technical architecture and functionality of the Finacle™ solution, extensive domain knowledge of the team and the global experience of working with leading financial institutions. Infosys’s approach to sustainability was also important, given the importance we place in this area.”

John Hughes, Director of Retail Banking, and business sponsor of the Enterprise Platform Programme said, “Once the new platform is implemented CFS will be able to create a differentiated customer experience through innovative products, a unified customer view and seamless integration across channels. Finacle™ will also enable CFS to acquire and retain customers, achieve sustainable scale, and lower operational costs.”

Sanat Rao, Vice President and Global Sales Head at Finacle™, Infosys Technologies Limited said, “We are delighted to partner with CFS for this strategic initiative. This partnership is another endorsement of the global leadership of Finacle™ and its superior value proposition to large financial institutions around the world and further consolidates our footprint in the growing European market. We look forward to enabling CFS to effectively employ the transformational capabilities of Finacle™ to achieve its objective of sustainable and client centric growth.”

A leader in banking transformation, Finacle™ has a global footprint across 62 countries and has been acknowledged by top analysts including Gartner and Forrester as being among the leaders in the core banking solution space. Finacle™ is also the winner of a series of awards for its innovation and implementation capabilities, the most notable ones being The Banker Technology Award, The Banking Technology Award, and The Asian Banker IT Implementation Award.

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About Co-operative Financial ServicesThe Co-operative Financial Services is part of The Co-operative Group, which is the world’s largest consumer co-operative with over 3 million members. CFS currently has 5.5m customers and employs over 8,000 staff. It has 116 retail and corporate branches/centres and over 1,000 face to face financial advisers.

About Finacle™ Universal Banking Solution

Finacle™ from Infosys helps banks WIN IN THE FLAT WORLD by providing solutions and services that enable a shift in their strategic and operational priorities. The offerings address the comprehensive technology-led business transformation requirements of retail, corporate and universal banks worldwide by maximizing their opportunities for growth, while minimizing the risks that come with such large scale transformation. For more information, visit www.infosys.com/finacle

About Infosys Technologies Ltd

Infosys (NASDAQ: INFY) defines, designs and delivers IT-enabled business solutions that help Global 2000 companies win in a flat world. These solutions focus on providing strategic differentiation and operational superiority to clients. With Infosys, clients are assured of a transparent business partner, world-class processes, speed of execution and the power to stretch their IT budget by leveraging the Global Delivery Model that Infosys pioneered. Infosys has over 100,000 employees and operates globally from 21 countries. Infosys is part of the NASDAQ-100 Index. For more information, visit www.infosys.com

Infosys Technologies Ltd - Safe Harbor

Statements in connection with this release may include forward-looking statements within the meaning of US Securities laws intended to qualify for the “safe harbor” under the Private Securities Litigation Reform Act. These forward-looking statements are subject to risks and uncertainties including those described in our SEC filings available at www.sec.gov including our Annual Report on Form 20-F for the year ended March 31 2008 and our other recent filings, and actual results may differ materially from those projected by forward-looking statements. We may make additional written and oral forward-looking statements but do not undertake, and disclaim any obligation, to update them.

Institute of Computer and Finance Executives (ICFe) opens its first center in Varanasi

Institute of Computer and Finance executives (ICFe), a brand of Nexgen Edusolutions Pvt. Ltd., today launched their Banaras Centre in Uttar Pradesh. The ICFe centre is located at Subandana Complex, D-28/194, Pandey Haveli, Varanasi, Uttar Pradesh. The ICFe centre at Varanasi will provide “employment ready” training and skills to students.

Institute of Computer & Finance executives (ICFe) has been in operation since 2004 and provides in-depth practical knowledge to candidates in the field of accounts, taxation, banking, insurance etc. by using latest computerized techniques. The mission of the organization is to prepare and provide competent accountants and finance executives to the industry.

ICFe already has60 + centers running in the states of Haryana, Punjab, Himachal Pradesh, Uttar Pradesh, Delhi & NCR Region, Rajasthan, Bihar and Madhya Pradesh. Its strategic consultants include IIM, Lucknow for course content; NIFM, Faridabad for faculty training; BBC Active through Liqvid for English and soft skills; HCL Infosystems for IT Infrastructure and HDFC Bank for student loans.

Mr. Dhruva Kumar Agrawal, Chairman, Central India Regional Council, Institute of Charted Accountants of India inaugurated the center along with Mr. Girsh Ahuja, FCA, Member Direct Tax Code, Ministry of Finance; Mr. Santosh Mangal, Chairman and Managing Director, ICFe and Mr.Abhishek Badak, Director, Subandana Society for Management Studies were also present on the inauguration.

Speaking on the occasion, Mr. Santosh Mangal, Chairman and Managing Director, ICFe said “Varanasi is known for its fineness in education and from countless years students from all over the world are coming down here in search of finest education. ICFe’s motto is also to provide best education in the field of finance industry and thus Varanasi becomes our obvious choice. Our Varanasi franchisee will boost our quest of providing industry ready and skilled labor to the business sector”.

ICFe is brought to Varanasi by its Franchisee, Subandana Society for Management Studies. Mr. Abhishek Basak, the Director of Subanadana Society for Management Studies, says “It’s our privilege to work with an organization like ICFe as they have laid a clear road map of creating job opportunities for young generation by training them with industry ready skills. Our role is to disseminate the education model molded by ICFe so that students of Varanasi can take an opportunity to increase their job prospectives”.

Dhruva Kumar Agrawal, Chairman, CIRC, ICAI, says “ICFe is an institute which is preparing students for the current and future needs of finance industry. An accountant is expected to act differently at different levels of a company. ICFe trains its students with the latest accounting tools which helps them in adapting, retaining and gaining secure positions in the corporation”.

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About ICFe

Institute of Computer & Finance executives (ICFe) has been in operation since 2004 and provides in-depth practical knowledge to candidates in the field of accounts, taxation, banking, insurance etc. by using latest computerized techniques. The mission of the organization is to prepare and provide competent accountants to the industry.

ICFe has 60+ centers spread across North India and Central India having presence in Delhi & NCR, Haryana, Punjab, Chandigarh, Bihar, Uttar Pradesh, Himachal Pradesh and Madhya Pradesh.

An ISO 9001:2000 company, ICFe has already trained more than 12000 students and is a well known partner for corporates looking for quality accountants and finance executives.

ICFehas set itself the mission of trying to create employment opportunities for all sections of Indiansby imparting quality training and education across the nooks and corners of the nation. For this, ICFe has on board strategic consultants and partners like IIM, Lucknow which has redesigned the course curriculum; National Institute of Financial Management (NIFM), Faridabad (an autonomous body under the Ministry of Finance) which is training the faculty; HCL Infosystems which is taking care of the IT infrastructure; BBC Active in association with Liqvid for imparting English & other soft skills training and HDFC Bank which will provide student loans.

General Motors India and Future Generali tie-up opens new avenue for consumer engagement

Capitalizing on the popularity of its bestseller mini-car Chevrolet Spark, General Motors had entered into a tie-up with Future Generali (an insurance joint venture between the Future Group of India and Generali Group of Italy) as part of a joint campaign titled, Aaja Meri Gaadi Mein Baith Ja. Retail shoppers at Future Group outlets were given an opportunity to win two Chevrolet Sparks by participating in a contest by filling an entry form and answering two simple questions on the Future Group and General Motors brands. As part of the initiative, Future Generali also offered free vehicle inspection facility for 4-wheeler owners, thereby providing instant competitive motor insurance solutions catering to the need of the customer. The two winners of the contest were announced today in Mumbai in a lucky draw.

The contest was conducted across 60 cities nationwide in over 200 Future Group retail formats including Big Bazaar, Food Bazaar, Pantaloons, Home Town, E-Zone, Brand Factory, KB Fair price shop & Furniture Bazaar. The Chevrolet Spark was also displayed in select stores and malls across the main cities. This tie-up ensured increased awareness and interest in the MallAssurance™ channel wherein select Insurance options of Life and General Insurance are provided through Future Group retail outlets across the country. Future Group retail outlets across the country, register 2 crore unique footfalls in a year.

Commenting on the tie-up, Mr. Ankush Arora, Vice President, Sales, Marketing and Aftersales, General Motors India said, “The countrywide popularity of the Chevrolet Spark has facilitated higher footfalls for Future Group stores, while on the other hand, the pan-India presence of the Future Group stores ensured additional promotional avenues for the Chevrolet Spark – already a bestseller in metro cities. GM India’s tie-up with Future Generali has definitely increased the traction of both

brands, ensuring a positive rub-off in sales for both partners through this low-cost, high-impact initiative. Retail shoppers availed this opportunity to have a close look at the Chevrolet Spark as well as a chance to win this bestselling mini-car through the lucky draw.”

It may be recalled that the Chevrolet Spark has won the JD Power Award two years in a row (2007 and 2008) for its class-leading quality attributes and is also rated best-in-class in terms of fuel economy (at 16.9 kpl) by auto experts across India.

Speaking on the occasion, Deepak Sood, CEO & MD, Future Generali India General Insurance said, “Future Generali’s tie-up with General Motors India is a reflection on our endeavor to constantly evolve and provide innovative solutions to fulfill the general insurance needs of customers. 50 percent of the motor vehicles in India are not insured and we see a huge potential in this market. We are also introducing new offerings in the Auto Insurance category, like variable depreciation and alternate depreciation products. The response to the ‘Aaja meri gaadi mein baith jaa’ campaign was extremely encouraging and it provided us with an engaging medium to reach out to patrons of Future Group malls.

General Motors India has two state-of-the-art manufacturing facilities at Halol in Gujarat and Talegaon in Maharashtra. General Motors India manufactures the Chevrolet Optra Magnum, Chevrolet Aveo, Chevrolet SRV, Chevrolet Aveo U-VA, Chevrolet Spark, Chevrolet Tavera and Chevrolet Captiva for the Indian market.

Future Generali is currently active through 100 offices across 80 cities and over 25000 licensed advisors. Besides this large network of agents & branches, Future Generali actively offers their Insurance solutions across 250 Future Group retail outlets in India

Emami Targets Rs 300 Crore Sales From Summer Brands

Mr Aditya V. Agarwal, Director Emami Group of Companies said, “in this season we are targeting sales of about Rs 300 crore ensuring a 30% growth compared to same period last fiscal. Our brands like Navratna Oil, Boroplus Triple Action Light Moisturising Lotion, Navratna Cool Talc, Boroplus Prickly Heat Powder and Sona Chandi Amritprash have achieved consistent growth in the past. We also aim to strengthen our position by introducing new products and by attaining significant market share.”

The Rs 700 crore FMCG major, who owns power brands such as Boroplus and Navratna, has experienced a 25% growth in FY 2008-09. Through phenomenal product innovation and research carried out at the state-of-the-art R&D facility, Emami’s products have, over the years, evolved as either numero uno brands or maintained pole position in their respective segments.

“Emami will invest Rs 60 – 70 crore on advertising and promotions for its brands. Apart from direct marketing through door to door and in-shop promotions, other below the line activities will also take place in key outlets, colleges, train compartments and rural markets supported with massive campaigns in district level newspapers as well as in electronic media”, Mr Agarwal added.

New Products

This year Emami has introduced a bouquet of new products. Navratna Oil Lite is a non-sticky, light oil with mild fragrance. It has refreshing and a soothing cool feel. Navratna Extra Thanda Oil on the other hand is a stronger variant with extra cooling effect. Emami offers these two along with Navratna Oil as a complete cool oil range to its consumers in this summer. Navratna Cool Talc Active Deo will be available in new SKUs of 20 gm and 300 gm while a new extension of the product will be launched with brand name Navratna Cool Talc 24hr Fresh.

The other main products that would be available during this period are Boroplus Ice Prickly Heat Powder with 3 variants Icy Cool, Icy lavender & Icy Sandal and Boroplus French Herbal Prickly Heat Powder. The former one having a consumer offer of Rs 7 off on 150 gm SKU. The non-ice variant is priced at Rs 45 with a Rs 7 off on 150 gm SKU. A Pure Skin Glycerine Soap worth Rs 23 will come free with a 300 ml Boroplus Triple Action Light Moisturising Lotion. Emami is also looking at strengthening its foothold in the OTC segment nationally with power brands like Lalima and Sardi Ja.

New TVCs

A new TVC of Navratna Cool Talc will go on air nationally featuring Shah Rukh Khan. For Navratna Oil’s new TVC, Amitabh Bachchan has not only acted and lent

his voice but also contributed to its composition. Boroplus range will carry on their campaigns with Kareena Kapoor.

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About Emami Group:

Founded in 1974, Emami today is a Rs 2000 crore diversified business group. Emami occupies an enviable position in sectors such as FMCG, newsprint, private hospital, edible oil, bio-diesel, realty, ball pen tips manufacturing, contemporary art and retail chain with Frank Ross and Starmark in its fold. Emami Limited, the Rs 700 crore flagship company of Emami Group engaged in FMCG business, manufactures and markets trusted power brands like Boroplus, Navratna, Fair and Handsome, Sona Chandi Chyawanprash, Mentho Plus, and Himani Fast Relief. Maintaining a CAGR of 25%, Emami has footprints in 60 countries across the globe spanning over GCC, Europe, Africa, CIS countries and the SAARC. The plants and production activities of the Group are based all across India. Recently, Emami Limited has acquired Zandu Pharmaceutical Works Ltd comprising leading brands such as Zandu balm, Kesari Jeevan and Zandu Chyawanprash. Emami Paper Mills Ltd is one of largest newsprint manufacturer in the country. AMRI hospital is the largest private hospital chain in Eastern India. Emami Biotech Ltd is the only integrated plant to produce 1 lakh tonnes of bio diesel and 3 lakh tonnes of edible oil annually. CRI Ltd is one of the largest ball pen tip manufacturer in India. Emami Chisel Art is redefining the medium of art with its first auction centre in Eastern region. Visit www.emamigroup.com for more information.

German specialist in Kitchen and Bedroom furniture - Nolte opens its fourth exclusive store 'Nolte Home Studio' at Hyderabad

Leading German bedroom and kitchen brand, Nolte Group, a 620 milllionEuro manufacturing company makes its entry in Hyderabad with its exclusive concept store`Nolte Home Studio' to offer its latest range of completely co-ordinated Bedroomsand customized Kitchens. Nolte launched its first boutique store in Hyderabad here at Road No.5, Jubilee Hills today. It has two stores in Bangaloreand Mumbai and plans to open four to five stores this fiscal informed Ms.Suchita Talwar, Director – Nolte Home Studio, India.

Inpartnership with the SJR Group, a leading infrastructure and property developerof South India, Nolte is focusing on the Indian market through exclusiveconcept stores called `Nolte Home Studios' in the country to offer its latestrange of furniture collections. After Bangaloreand Mumbai, Hyderabad is the third city, with Delhi slated as being thenext, later this year.

“Nolte will cater to the discerning Hyderabadi consumers with the latestrange, straight from Europe”, said Mr. ManojGupta, Director – Nolte Hyderabad. “Obviously the market for furniture and newhomes are closely related. Indian customers today are well travelled and have adiscerning taste for good quality and design. And they demand real value. Andthat is precisely what Nolte offers. At the end of the day, every Indiancustomer wishes to invest in something that has proven lasting value, and Nolteproducts are doing that everyday, in different parts of the world”.

Manufacturedonly in Germany, Nolteproducts available in Indiaare its range of award-winning Kitchens, completely co-ordinated Bedrooms andwalk-in Wardrobes and even entertainment Consoles. The range also includesdesigner bedrooms from JOOP!, Germany’slargest fashion brand. Internationally, JOOP! products include fashion wear andaccessories for both men and furnishing with a global turnover of close to €500million.

“Nolte has always stood for quality,style and innovation. Although we are in over 40 of the most developedcountries, our interest in Indiais special and the last three years has proved to us that that market isgrowing, even in this global downturn. In our growing global retail presence, Hyderabad is itself asignificant market, not only in the Indian context. Unlike many otherinternational players, we are catering to a wide market – from the mid to themid-upper end, for which of course the market is well supported by theexplosion in both lifestyle apartments and high-end villas. Moreover, with ourinimitable commitment to quality, we are confident of being able to cater tothe Indian consumer who is in-sync with the latest in lifestyle and fashiontrends of Europe. And that's exactly what weoffer,” said Mr. Gupta.

"Researchshows that in the coming two years the size of Indian furniture market willgrow to €2 million. The number of middle and double income group is alsogrowing rapidly. So, apart from the upper-end consumers we also plan to targetthese income groups."

Therange of furniture and budgets is vast. Complete Bedrooms range from Rs.1.25lakhs for Nolte to 13 lakhs for JOOP!, depending on sizes, combinations andfinishes. Kitchens start from Rs.2 lakh and can go up to as high as even Rs.35lakhs. The future of luxurious, high-priced products in India is brightsays Suchita. The decisive factor would be quality and longevity.

The Nolte Home Studio Hyderabad store at Road No. 5, Jubilee Hillsspread over 4,500 sq. ft. will showcase the latest collection offully-coordinated Bedrooms and award-winning Kitchens, integrated livingconcepts and designer bedrooms by Germany’s largest fashion label – JOOP!Customers are assured of world-class design, style, functionality andperfection with the Nolte range. With 85 of pioneering innovation and style,Nolte today spans the globe, from the USAand Europe to the Gulf and Japan.Given the design, production expertise and flexibility, Nolte is found today insome of the finest projects across the world. Highburry (UK), Parkvadi (Turkey), SamaTowers (Dubai),I-Tai City(Taiwan), apart form keyprojects in Bangaloreand Mumbai.

Nolte Kitchens offer high levels of storage, friendly innovativefeatures, and plenty of space that makes the kitchen a warm, inviting hub.Basic Nolte design uses many concepts that are distinct viz. ‘Silent Comfort’or soft closing that ensures that even if you bang the closets shut it willmake a soft sound; Lip sealing along the edges, which keep dust and insects outand is colour coordinated and hence unseen; interior and exterior finishes arematched, etc.

The Nolte kitchen is suited for the Indian heavy cooking and fryingstyles and is almost maintenance free. A Nolte kitchen doesn’t just make youcook better, it makes you live better! The stylish kitchens come with awarranty of 5 years.

Nolte Bedrooms are stylish and completely coordinated. Wardrobes (withsliding, hinged or folding doors), beds, side-tables and chest of drawersdesigned and engineered the German way are available in a wide range of shapes,styles, sizes, colours and finishes. With innumerable features to suit the ideaof convenience, utility and lifestyle of the customer, Nolte offers variousfeatures with Security Locks, an additional feature introduced specially forIndian homes. Also, higher wardrobes, akin to ‘lofts’ were introduced for India.

Nolte is looking forward to crossing the 100crore mark in India by 2011, despite the slowdown, with its Bangalore stores and theresidential contract business already doing well. “We expect Hyderabad to be a significant market. As ofnow, we are also looking at a Delhilaunch in the next three months”.

Nolte is prepared to cater to the both the new home owner and the oldone. Whether its sprawling bungalow or a smaller apartment space, Nolte hassolutions in both ranges. At the end of the day Nolte furniture is not onlyabout functionality and quality, but also about style. A Nolte kitchen orbedroom is as beautiful to look at as it accommodates everything one needs interms of convenience and functionality, and more. Since all Nolte solutions aremodular in nature, one can add on additional kitchen cabinets or wardrobe spaceeven after years, making it cost-saving and efficient

Nolte Home Studio offers complete Kitchens and Bedrooms from Nolte,designer Entertainment Consoles, Cabinets and Book Shelves from Gwinner! anddesigner Bedrooms from JOOP! The range spans across time, style and budget, andincludes the latest from the European collection. While the company sets designtrends in our European markets, the products have also been designed to Indianneeds. Nolte services are made for easy and quick decision-making. Specializeddesign software, a team of design professionals, German consultant designers,German-trained installers and an evaluation process that helps homeowners andprofessionals arrive at the right solution amidst the wide variety.

Nolte Home Studiosituated at Jubilee Hills is open from 10.30 a.m to 8.00 p.m. everyday and canbe contacted on 40263131 / 23756716 // 9440799217

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About Nolte:

Nolte Group is a 620 million Euromanufacturing company that has a heritage of 85 years. One of the largestand fastest growing furniture companies in the world, Nolte has the reputationfor pioneering the production line technique in themanufacture of furniture, forever revolutionising the industry worldwide.

Nolte-Möbel GmbH & Co. KG is today the second largest producer offitted kitchens in Germanyand one of the 5 leading manufacturers of wardrobes and bedroom ranges in Europe.

Nolte is a fully integrated furniture company, where it is involved inall stages of the business from manufacturing the chipboards that constitutesthe completed kitchen and bedroom units to its delivery at the customers end,completing the cycle with the recycling of used chipboards.

The Nolte range of products, which is manufactured exclusively in Germany, ismarketed through its network of 20,000 retail outlets around the globe. In1993, Nolte received the 'Golden M' for its quality, as a member of the GermanFurniture Product Association. Nolteproducts have also been awarded the Blue Angel symbol, for its ecologicallysafe and waste free products. All Nolte kitchens are constantlymonitored and certified by various reputed, neutral institutes for safetyincluding the GS Certification. Nolte kitchen surfaces are also treated ascomponent parts in accordance with the DIN 68861 standards.

Institute of Computer and Finance Executives (ICFe) opens its first center in Bikner

Institute of Computer and Finance executives (ICFe), a brand of Nexgen Edusolutions Pvt. Ltd., today launched their Bikaner Centre in Rajasthan. The ICFe centre is located at Nokha Road, Old Bus Stand, Gangha Shar, Bikaner, Rajasthan. The ICFe centre at Bikaner will provide “employment ready” training and skills to students.

Institute of Computer & Finance executives (ICFe) has been in operation since 2004 and provides in-depth practical knowledge to candidates in the field of accounts, taxation, banking, insurance etc. by using latest computerized techniques. The mission of the organization is to prepare and provide competent accountants and finance executives to the industry.

ICFe already has60 + centres running in the states of Haryana, Punjab, Himachal Pradesh, Uttar Pradesh, Delhi & NCR Region, Rajasthan, Bihar and Madhya Pradesh. Its strategic consultants include IIM, Lucknow for course content; NIFM, Faridabad for faculty training; BBC Active through Liqvid for English and soft skills; HCL Infosystems for IT Infrastructure and HDFC Bank for student loans.

Sh. Mool Chand Gahlot, Assistant Director, Education Department, Bikaner Directorate inaugurated the center along with Sh. Hement Singh Yadav, Sarpanch Udairamsar and President, Rajiv Gandhi Panchayti Raj, Bikaner; Mr. Vimal Chand Daga, Ex-member Film Censor Board and Industrialist; Mr. Mayank Gupta, Director -Business Development and Support, ICFe along with Mr. Yatinder Yadav, Director, M/s Acme Business Solutions, were also present on the inauguration.

Speaking on the occasion, Mr. Mayank Gupta, Director - Business Development and Support, ICFe said “Today in the time of recession only Accounting and Finance vertical is showing Positive growth and the corporate houses are interested in hiring trained manpower. Our role is to fulfill this wide chasm by providing industry ready students who are qualified with necessary skills to compete with the best talent available.

ICFe is brought to Bikaner by its Franchisee, M/s Acme Business Solutions. Mr. Yatindra Yadav, the Director of M/s Acme Business Solutions, says “ICFe is synonymous with quality education and useful training with 100% job placement records. As a franchisee of ICFe it will be our pleasure to provide useful and necessary skill sets to the students of Bikaner so that they can achieve greater heights in their career. The students of this state will benefit from ICFe endeavour of providing quality education with a focus to drive their career in the right direction.

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About ICFe

Institute of Computer & Finance executives (ICFe) has been in operation since 2004 and provides in-depth practical knowledge to candidates in the field of accounts, taxation, banking, insurance etc. by using latest computerized techniques. The mission of the organization is to prepare and provide competent accountants to the industry.

ICFe has 60+ centers spread across North India and Central India having presence in Delhi & NCR, Haryana, Punjab, Chandigarh, Bihar, Uttar Pradesh, Himachal Pradesh and Madhya Pradesh.

An ISO 9001:2000 company, ICFe has already trained more than 12000 students and is a well known partner for corporates looking for quality accountants and finance executives.

ICFehas set itself the mission of trying to create employment opportunities for all sections of Indiansby imparting quality training and education across the nooks and corners of the nation. For this, ICFe has on board strategic consultants and partners like IIM, Lucknow which has redesigned the course curriculum; National Institute of Financial Management (NIFM), Faridabad (an autonomous body under the Ministry of Finance) which is training the faculty; HCL Infosystems which is taking care of the IT infrastructure; BBC Active in association with Liqvid for imparting English & other soft skills training and HDFC Bank which will provide student loans.

IDBI Fortis launches RetiresuranceTM Pension Plan

Targeting the Rs 35,000 crore pension plan market, IDBI Fortis Life Insurance today announced the launch of its innovative RetiresuranceTM Pension plan which will help its customer ensure a comfortable paycheck for themselves post retirement.

Launched only last year, IDBI Fortis Life Insurance, one of the fastest growing life insurance companies in India, has come out with WealthsuranceTM, BondsuranceTM and HomesuranceTM plans which have proved to be instant hits with its customers. With the RetiresuranceTM Pension Plan, the company aims to fulfill the needs of the current generation which may find the traditional pensions and gratuity benefits inadequate when they retire.

“With the rising costs of living and fluctuating fortunes, RetiresuranceTM Pension Plan will prove to be extremely useful after one’s retirement when one wants to continue to lead an un-restricted, happy life without having to face a cash crunch,” said Mr. G V Nageswara Rao, MD & CEO of IDBI Fortis Life Insurance.

“Earlier generations may not have had a formal retirement plan but they had relatively fewer consumption needs. It was rare to find people who had shifted through several jobs in the course of an active career. As a result, pensions and gratuities issued by their employers were deemed sufficient. Times have changed now, and in most contemporary industries, few employers provide for a life long pension,” Mr. Rao explained.

Sounding a note of caution, he said that managing finances during retirement would be extremely tough if one hasn’t planned for retirement. The best way to enjoy the good times even in your golden years would be to build your investments in advance for retirement.

The IDBI Fortis RetiresuranceTM Pension Plan allows the customer to choose the premium amount, frequency of payment and payment term, flexibility of reducing premiums within limits or adding top-up premiums as and when one wishes. It offers a wide choice of investment options to build a retirement corpus, such as equity linked funds for those with a high risk appetite and debt funds for those desiring relative stability. The customer also has the option to change his investment options from time to time and use this flexibility to take advantage of changing market conditions. The plan also offers liquidity through partial withdrawals and surrender. Furthermore, the customer also has the option to choose his vesting date (the date when one wants to start the retirement benefits) at any time between age 40 years to 75 years. All these features are with no additional cost to the customer.

IDBI Fortis RetiresuranceTM Pension Plan also boosts the investment returns for its customers through Guaranteed Loyalty Additions at the end of specific terms as an incentive for making long term investments.

Customers of this plan will enjoy tax savings under Sec 80 CCC. More over, one-third of the retirement corpus can be commuted tax free under Sec 10(10A) as well.

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About IDBI Fortis:

IDBI Fortis Life Insurance Co Ltd is a joint-venture of IDBI Bank, India’s premier development and commercial bank, Federal Bank, one of India’s leading private sector banks and Fortis Insurance International, a multinational insurance giant based out of Europe. In this venture, IDBI owns 48% equity while Federal Bank and Fortis own 26% equity each. IDBI Fortis launched its first set of products across India in March 2008, after receiving the requisite approvals from the Insurance Regulatory Development Authority (IRDA). At IDBI Fortis, we endeavor to deliver products that provide value and convenience to the customer. Through a continuous process of innovation in product and service delivery we intend to deliver world-class wealth management, protection and retirement solutions to Indian customers. In just five months of inception, we became one of the fastest growing new insurance companies to garner Rs 100 Cr in premiums. The company offers its services through a vast nationwide network across the branches of IDBI Bank and Federal Bank in addition to a sizeable network of advisors and partners. As on March 31st 2009, the company had collected more than 320 Cr in premiums, through over 85,000 policies and over Rs 2,500Cr in Sum Assured. Do visit www.idbifortis.com to know more.

About the sponsors of IDBI Fortis Life Insurance Co Ltd

IDBI BankLtd. continues to be, since its inception, India’s premier industrial development bank. Created in 1956 to support India’s industrial backbone, IDBI Bank has since evolved into a powerhouse of industrial and retail finance.Today, it is amongst India’s foremost commercial banks, with a wide range of innovative products and services, servingretail andcorporate customers in all corners of the country from over 537 branches and more than 915 ATMs.The Bank offers its customers an extensive range of diversified services including project financing, term lending, working capital facilities, lease finance, venture capital, loan syndication, corporate advisory services and legal and technical advisory services to its corporate clients as well as mortgages and personal loans to its retail clients. As part of its development activities, IDBI Bank has been instrumental in sponsoring the development of key institutions involved in India’s financial sector – such as the Securities and Exchange Board of India (SEBI), National Stock Exchange of India Limited (NSE) and National Securities Depository Ltd. Please visitwww.idbibank.com to know more.

Federal Bank is one of India’s leading private sector banks, with a dominant presence in the state of Kerala. It has a strong network of over 600 branches and 500 ATMs spread across India. The bank provides over four million retail customers with a wide variety of financial products. Federal Bank is one of the first large Indian banks to have an entirely automated and interconnected branch network. They operate on the core banking platform and are RTGS/ NEFT enabled through which the Bank offers state-of-the-art technology enabled products and services. In addition to interconnected branches and ATMs, the Bank has a wide range of services like Internet Banking, Mobile Banking, Tele Banking, Any Where Banking, debit cards, co-branded credit cards, online bill payment and call centre facilities to offer round the clock banking convenience to its customers. The Bank has been a pioneer in providing innovative technological solutions to its customers and the Bank has won several awards and recommendations. Please visit www.federalbank.co.in to know more.

Fortis is an international insurance group composed of Insurance Belgium, a leader in life and non-life insurance in Belgium distributing its insurance products through the network of Fortis Bank and independent insurance brokers and Insurance International with subsidiaries in the UK, France, Hong Kong, Luxembourg (Non-life), Germany, Turkey, Russia and Ukraine, and joint ventures in Luxembourg (Life), Portugal, China, Malaysia, Thailand and India. Please visitwww.fortis.com to know more.

KPIT Cummins declares FY 09 Results

KPIT Cummins Infosystems Ltd. (BSE: 532400; NSE: KPIT) an IT consulting and specialist solutions partner to Global Manufacturing corporations today announced its results for the Quarter and the year ended March 31, 2009. The company has met its INR revenue and profit guidance for the year.

The company recorded total revenues of Rs. 7931Mn for FY09, a growth of 36% over the previous year and earned a Net Profit of Rs.658.52Mn. For the quarter ended March 31, 2009, the Company recorded revenue of Rs. 2097Mn, reflecting a year-on-year growth of 28%.

FY09 Highlights:

§ Revenue for FY09, in INR, was 7931 Mn; a growth of 36% over FY08

§ Revenue for FY09, in USD was 174.10 Mn; a growth of 20% over FY08

§ EBITDA for FY09 grew by 150% over FY08

§ Net profit for FY09 was Rs. 658.52 Mn; a growth of 28 % over FY08

§ No liabilities in future on the 3 derivative contracts. MTM on the contracts is nil, now and in the future.

§ For Q4 FY09 utilization improved from 94.45% to 95.24% Q-o-Q for onsite and from 70.28% to 71.41%
Q-o-Q for offshore.

§ Total Revenue for Q4FY09, in INR terms, was 2097 Mn; a Y-o-Y increase of 28%

§ Revenue for Q4 FY09, in USD terms was 42.37 Mn; a y-o-y growth of 2.94%

§ Net Profit after Tax for Q4FY09 was Rs. 193.18 Mn; a y-o-y growth of 85.85%

Customer Value Enhancement through Technology Innovation and Vertical Focus Strategy

Automotive

§ An Automotive Tier 1 customer selected KPIT Cummins as a Hybrid Engineering Consulting partner. This reinforces our Positioning as a provider of cutting edge technology solutions.

§ A leading Asian Tier 1 customer entered into a long term partnership with us in the area of Instrument Clusters. We will be providing complete end-to-end solution development for Instrument Clusters as part of the engagement.

Industrials

§ A Leading Engine manufacturer is integrating its Manufacturing and Product Management Systems on KPIT Cummins’ MES-ERP-PLM integration methodology.

§ We are the only company to have 3 SAP certified solutions for Discrete Manufacturing space (Auto, Industrial Machinery & Components (IMC) and Hi-Tech.

§ 20+ Indian Manufacturing companies chose KPIT Cummins’ SAP implementation expertise for their end-to-end SAP Implementation projects.

Hi-Tech

§ For a leading European semiconductor company we have started working on a key engagement for design and verification of a next generation Automotive System on chip (SoC).

§ Won a major development contract involving a series of VLSI chip design projects for Next Gen Micro-controllers from a leading European semiconductor company.

§ Successfully delivereda set of Analog IP development projects to provide the peripheral functions like Data converters, Clock circuits, Power circuits used in the Micro Controller Unit (MCU), to an Asian Semiconductor product leader in Automotive and Consumer electronics.

Diversified Financial Services

§ A leading provider of payment services has signed a long tem ODC contract with us for its critical Data Transformation Services Project.

§ Successfully delivered an end to end offshore development project in e-business for a leading South Africa based enterprise solutions integration company.

§ Developed an integrated payment switch for a European independent payment processing firm.

Commenting on the Company’s performance:

Ravi Pandit, Chairman and Group CEO said: “In the last 6-8 months, the Manufacturing and Finance industries have witnessed unprecedented uncertainty. We had identified challenges quite early and had initiated proactive measures to enhance value for our customers while retaining our focus on increasing utilization, optimizing costs and productivity improvement. As a Result of this we have significantly improved our operating margins with a Y-o-Y increase of 150% in EBITDA.

The next year will continue to be a challenging year for our customers. We would therefore have a cautious outlook towards revenue and have sharp focus on maintenance and improvement of our level of profits. At the same time we will continue to invest in people and technology development.

During the last fiscal, the relevance of our services to our customers has only increased; we want to continue to enhance this position.”

Kishor Patil, CEO and Managing Director: “In FY 09, we deepened our engagement with our customers, delivering innovative solutions in a challenging environment. We proactively aligned with their changing needs and near-term business objectives. This coupled with focus on technology and providing best –in-class solutions, we have managed to enhance their confidence. We have also been able to improve our customer satisfaction scores. This is reflected in our revenue growth of 36% (INR terms) and 20% (USD terms) and over 90% repeat customers.

Our business strategy of attaining leadership position through focus on select industries while continuing to diversify geographically is yielding encouraging results. We will continue to make strategic investments in select areas to enable us partner with our customers for higher value creation.

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About KPIT Cummins

KPIT Cummins Infosystems Limited (BSE: 532400; NSE: KPIT), a leading global product engineering partner, is focused on co-innovating domain intensive technology solutions for Manufacturing corporations (with special focus on Automotive, Hi-Tech & Industrials verticals) to help its customers become efficient, integrated and innovative enterprises.

A leader in technology solutions and services, KPIT Cummins currently partners with 100+ global Manufacturing corporations including 50+ Original Equipment Manufacturers (OEMs), semiconductor companies and Tier 1s, helping them globalize efficiently & bring complex technology products/systems faster to their global markets.

Please visit www.kpitcummins.com for more information.

Forward Looking Statements

Some of the statements in this update that are not historical facts are forward-looking statements. These forward looking statements include our financial and growth projections as well as statements concerning our plans, strategies, intentions and beliefs concerning our business and the markets in which we operate. These statements are based on information currently available to us, and we assume no obligation to update these statements as circumstances change.

There are risks and uncertainties that could cause actual events to differ materially from these forward looking statements. These risks include, but are not limited to, the level of market demand for our services, the highly competitive market for the types of services that we offer, market conditions that could cause our customers to reduce their spending for our services, our ability to create, acquire and build new businesses and to grow our existing businesses, our ability to attract and retain qualified personnel, currency fluctuations and market conditions in India and elsewhere around the world, and other risks not specifically mentioned herein but those that are common to industry.

IIMB ranks among top ten in Asia-Pacific Region in QS Global Top Business Schools 2009: The Employer's Choice

The Indian Institute of Management Bangalore (IIMB), one of the leading management schools in the world, has been ranked # 6 in the Asia-Pacific region in the QS Global 200 Business Schools 2009: The Employers’ Choice, published recently by Quacquarelli Symonds Limited. IIMB is the only Indian management school to rank amongst the top ten, which includes business schools in Australia, Singapore, China and Hong Kong.

“I am delighted that the QS report, which is an independent international survey, has rated IIMB amongst the top ten business schools in the Asia-Pacific region” says Professor Pankaj Chandra, Director IIMB. “The votes given by employers demonstrate the confidence placed in our students. Global companies consistently recruit from IIMB for their international operations. The votes endorse the contribution made by our students to their organizations. ”

Significantly, IIMB at sixth place has improved on its ranking from the ninth place it received in the previous 2007-08 report. The survey also states that the average GMAT score of students enrolled in the Post-Graduate Programme in Management at IIMB is 780, which is the highest in the entire region – testimony to the talent and caliber of students at IIMB, and why IIMB continues to be a preferred recruitment destination for global positions.

The Employers' top 10 preferred schools in the Asia Pacific region are:

INSEAD Singapore, Melbourne Business School, NUS, AGSM, CEIBS, IIM Bangalore, Macquarie, HKUST, Monash and Nanyang.

The “QS Global 200 Business Schools 2009” originated in the early 1990s as an alternative to business school rankings and until this year has been known as the “Global Recruiters’ Top Business Schools Research”. The report provides a list of 200 business schools currently preferred by the most international employers for the purpose of hiring MBA graduates. This list is compiled from an annual survey of Human Resources (HR) managers and line managers with recruiting responsibilities at companies around the world. Each year employers recommend new schools to be added to this list, which employers around the world can then rate and comment upon.

Quacquarelli Symonds Limited (QS) was established in 1990 and comprises a team of over 100 highly diverse representatives from five continents and has its main offices in London, Paris, Singapore, with satellite offices in Alicante, Beijing, Johannesburg, Sydney and Washington DC.

For more information, visit:

http://www.topmba.com/research/global_200_business_schools/top_business_schools_2009/asia_pacific/

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About IIMB:

The Indian Institute of Management Bangalore (IIMB) is a centre of excellence in management, recognized as one of the leading management schools in the world, with international standards of post-graduate and doctoral level teaching, executive education for senior and middle management, research and consulting. Set up in 1973, the sprawling 100-acre campus is a green oasis situated in south Bangalore, with excellent infrastructure, including the latest ICT and extensive library. For more information, visit: www.iimb.ernet.in