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[April 24, 2006]

KARVY Global Services Announces Knowledge Process Outsourcing Capabilities; Company Offers Research and Analytics Services in a Variety of Areas

HYDERABAD, India & NEW YORK --(Business Wire)-- April 24, 2006 -- KARVY Global Services Limited, the Business Process and Knowledge Process Outsourcing subsidiary of KARVY, the largest non-banking financial institution in India, today announced the launch of its Knowledge Process Outsourcing (KPO) services. Focusing on high-level, knowledge-based research and analysis, the company provides investment research, market research, supply chain management and customer relationship management (CRM) services.




KARVY Global Services KPO offerings include securities research, M&A valuation modeling, pitch book preparation, market and reference data management, as well as maintenance and support of quantitative models for portfolio construction, transaction cost analysis and risk management in the Financial Services industry. The company also provides a range of services such as fuel/routing optimization for airlines, predictive modeling for insurance fraud detection, customer loyalty analysis, as well as campaign tracking and list generation for Clients in a variety of industries.

"We see a tremendous opportunity in Knowledge Process Outsourcing," said ARthur Flew, CEO of KARVY Global Services. "Companies that have experienced the benefits of Business Process Outsourcing are now looking to India for higher-level capabilities. At KARVY Global Services, we've built a very strong team in KPO, with solid backgrounds in a variety of complex, specialty areas. With a proven cost savings of 40%, without compromising quality, ROI is quickly realized when working with us."

Using a combination of advanced statistics, operations research, data mining and other customized techniques, KARVY Global Services employees have the background to solve complex business problems for their Clients. The team's experience working with Fortune 500 companies such as Putnam Investments, Reuters, Thompson Financial, and United Airlines, among others, combined with advanced degrees in Finance, Operations Research, Statistics, Marketing and Computer Science, position KARVY Global Services as a differentiated leader in the industry.

About KARVY Global Services

KARVY Global Services is the Business Process and Knowledge Process Outsourcing subsidiary, of KARVY, the largest non-banking financial institution in India. KARVY is ranked in India as the number one registrar, the number two depository participant, one of the top five brokers and the number five investment bank.

KARVY Global Services provides a full range of Finance and Accounting Outsourcing (FAO - accounts payable, accounts receivable, billing, GL services, purchasing, reconciliation, fixed assets) Transaction Process Outsourcing (TPO - back office processing for a range of industries including Insurance and Healthcare), Knowledge Process Outsourcing (KPO - Research and Analytics), Human Resources Outsourcing (HRO - payroll processing, benefits administration, records management, compliance reporting), and Voice and Technology Support Services (VTO -inbound and outbound call center services, helpdesk support, technology development and application hosting).

Headquartered in Hyderabad, India, with three global delivery centers in Hyderabad, KARVY Global Services also has business development offices in New York, Los Angeles, San Francisco, Toronto, London, and Zurich. Additional information on KARVY Global Services is available at www.KARVYGlobal.com.

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