Ashok Bhatia Appointed as Director, Advisory Services, MphasiS

Mumbai, September 7, 2004

MphasiS, a leading provider of system integration technology and BPO solutions for customer-focused corporations, today announced the appointment of Ashok Bhatia, Director, Advisory Services, MphasiS.

With his vast experience across various Information Technology portfolios that he has overseen in the past, Ashok will provide valuable inputs in growing the Advisory Services team at MphasiS. As part of this team, he will play a key role in assisting clients to innovate, automate and execute their business processes at lower cost with higher quality. He joins MphasiS from HSBC where he was Chief Information Officer for India, Middle East and Africa.

Jerry Rao, Chairman and CEO, MphasiS said, “We are delighted to have Ashok as part of the MphasiS family. With his proven Technical and Operations Management expertise, we are confident that he will help MphasiS further its leadership position in this business.”

Ashok has 30 years of diverse experience in Operations and Information Technology in India, Middle East, Africa and Far East with excellent domain knowledge of banking operations. To add to his achievements, he has managed the full life cycle of projects from visualization, feasibility to implementation involving a large number of people. He also has a superior record of delivering a large number of mission critical projects running concurrently and across multiple geographical locations on time and within budget.

Speaking on his appointment, Ashok said, “I am extremely excited to be part of the MphasiS team and contribute to the company’s advancement and expertise in the IT Services, BPO, and Solutions space. This appointment will I am sure provide me with an opportunity to provide clients with complete control, security and transparency of the execution of their processes”

Ashok began his career with the HSBC group 3 decades ago and over the years progressed to occupy a senior strategic position within the organization.

He was also Vice Chairman and Managing Director, HSBC Software Development (India) Pvt Ltd, Director, HSBC Electronic Data Processing (India) Pvt Ltd (BOP unit). Prior to this he was Chief Information Officer, Middle East

Ashok has an M.Sc. in Physics with specialization in Electronics. He has over
the years participated in a large number of technical and management training programs at the HSBC Group’s training facilities, external vendors and at Stanford.