Purwar joins India Infoline board

Chennai, March 10, 2008: The Board of Directors of India Infoline Ltd today approved the appointment of Mr. A. K. Purwar, ex-Chairman of the State Bank of India, as an independent director on the Board of the Company. His appointment will be subject to regulatory approvals.

Mr. A. K. Purwar is an eminent personality in the banking and finance industry and has held several senior positions including that of the Chairman of State Bank of India.

Welcoming Mr. Purwar on the Board of the Company, Mr. Nirmal Jain, Chairman & Managing Director, India Infoline Ltd, said: "We have been growing at an extremely rapid pace in all our businesses. Mr. Purwar, with his vast experience and in-depth knowledge on the financial services industry will help in guiding us in achieving our vision of becoming the most respected player in the financial services space in India."

Speaking on the occasion, Mr. Purwar said: "It's a great pleasure to associate with India Infoline, a dynamic and fast growing, financial services Company. I have been closely observing the company; what has impressed me is the fact that they have constantly managed to innovate and stay ahead. I look forward to working with the India Infoline team to take the company to its next orbit of growth."

About India Infoline Ltd

The India Infoline group, comprising the holding company, India Infoline Ltd (NSE: INDIAINFO, BSE: 532636) and it's subsidiaries, is one of the leading players in the Indian financial services space. India Infoline offers the entire gamut of financial services covering investment products ranging from Equities and derivatives, Commodities, Portfolio Management Services, Mutual Funds, Life Insurance, Fixed deposits, Loans, Investment Banking, GoI bonds and other small savings instruments. It owns and manages the website, www.indiainfoline.com, which is one of India's leading online destinations for personal finance, stock markets, economy and business.

A forerunner in the field of equity research, India Infoline's research is acknowledged by none other than Forbes as 'Best of the Web' and '...a must read for investors in Asia'. India Infoline's research is available not just over the internet but also on international wire services like Bloomberg (Code: IILL), Thomson First Call and Internet Securities where it is amongst the most read Indian brokers.

A network of 753 business locations spread over 346 cities across India, facilitates the smooth acquisition and servicing of a large customer base. All these offices are connected with the corporate office in Mumbai with cutting edge networking technology. The group caters to a customer base of over 500,000 over a variety of mediums viz. online, over the phone and at our branches. The Group is strengthening its institutional broking and investment banking services and has built a team of experienced research analysts, sales and trading professionals.

India Infoline refers to India Infoline Ltd and its subsidiaries. Reference to the company or India Infoline is to the business done by the company and its subsidiaries, unless otherwise specified.