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MphasiS Appoints Alok Misra as Chief Financial Officer and Abnash Singh as Chief Information Officer

Bangalore, August 31, 2005

The MphasiS BFL Group, a leading provider of IT and BPO solutions today announced the appointment of Alok Misra, as Chief Financial Officer (CFO), MphasiS and Abnash Singh, as Chief Information Officer (CIO), MphasiS.

Alok Misra, who was earlier Vice President – Finance at MphasiS will take over from Ravi Ramu. Alok has been with MphasiS for close to 5 years and his responsibilities included - looking after the Accounts and Audit of all companies under local and US GAAP, International Taxation, Treasury & Cash Flow Management, Risk Management, Investor Relations, MIS including planning, budgeting & reporting and setting up systems and controls. Alok joined MphasiS after a 10 year stint with ITC and is a Chartered Accountant by training.

Abnash Singh takes over from Aditya Menon, who in his new role at MphasiS, now oversees product management in Solutions. Abnash brings with him vast experience in the IT industry in his earlier positions at Compaq, Unilever and vMoksha. With close to twenty five years of experience in the IT industry of which fifteen years of experience is in the outsourcing business, Abnash also has extensive know-how in the management of quality processes, implementation of SAP/PeopleSoft ERPs, CRM and management of infrastructure integration.

Jerry Rao, Chairman and CEO, MphasiS said, “We are extremely happy to announce these two appointments. While Alok has been instrumental in managing the Group’s Finance and Accounting responsibilities for the past few years, Abnash has sound experience in the IT field with particular expertise in the outsourcing business. Abnash’s vast global experience as well as multi - sector expertise, will play a crucial role in further enhancing our growing business across diverse sectors.

Commenting on his new position, Alok
said, “I am extremely excited to oversee the management of MphasiS’ financial responsibilities. Having already been involved in the Company’s finances, I look forward to an even more challenging tenure ahead.”

Speaking on his appointment, Abnash said, “I keenly look forward to my new role at MphasiS. With MphasiS witnessing dynamic growth across verticals, and expanding its international and domestic business, I am eager to utilize my experience in the relevant fields for the augmentation of MphasiS’ business.”

Abnash has a Masters in Business Administration from Indian Institute of Management, Ahmedabad and is an Indian Institute of Technology, Delhi graduate, with a major in Chemical Engineering.

About MphasiS
The MphasiS Group is a leading provider of software and system integration technology and IT-enabled services for consumer-focused corporations. The Company currently has 9000+ employees spread across 23 offices and 9 development centers worldwide. Additional information can be found at