TCS unveils a new team made for fin services

New Delhi, August 6, 2007: TCS Financial Solutions, a strategic business unit of Tata Consultancy Services, a leading IT services, business solutions and outsourcing firm, unveiled a new executive team made up of product specialists from the financial services domain.

TCS Financial Solutions has appointed Robert U. Mullen as Head of Global Sales and Dennis Roman as Chief Marketing Officer. Reporting to the President of TCS Financial Solutions, Mr. N. G. Subramaniam, Mr. Mullen will be responsible for driving global sales for the TCS BaNCS suite of products and Mr. Roman will drive the branding and positioning of TCS BaNCS' products through a global marketing and communications strategy.

The new appointments complete a product-centric team for TCS Financial Solutions. Earlier this year, TCS Financial Solutions had appointed Krishnan Ramanujam as Chief Operating Officer, Glenn Stafford as Head of Product Management and Frederick Szto as Chief Financial Officer.

Commenting on his new team, Mr. N. G. Subramaniam said: "The members of this leadership team have both outstanding experience and extraordinary track records in building and running highly successful organizations that focus on customer success and consistent delivery of best-in-class, client-focused solutions. Their knowledge, experience and commitment to success will impact positively on the global growth of TCS BaNCS' product range and the performance of our clients.

Mr Mullen and Mr Roman said: "Given TCS BaNCS' exceptional reputation and advanced functionality and architecture, we believe TCS Financial Solutions can make a significant impact on the solutions marketplace for financial institutions."

Prior to joining TCS Financial Solutions, Robert U. Mullen was President of Worldwide Field Operations at Chordiant Software Inc. As a member of Chordiant's Board Strategy Committee, he was responsible for sales, pre-sales, marketing and delivery activities world-wide. He has also held a number of executive positions during his eight years with IBM in the Financial Services Sector.

Immediately before joining TCS Financial Solutions, Dennis Roman led the marketing and communications efforts for i-flex solutions for a period of five years. Dennis has also worked as Hewlett Packard's Worldwide Director of Banking and Financial Markets and helped define and execute the firm's worldwide solutions and go-to-market strategies for banks and capital markets.

About TCS Financial Solutions

TCS Financial Solutions is a strategic business unit of Tata Consultancy Services. Dedicated to providing business application solutions to financial institutions globally, TCS Financial Solutions has compiled a comprehensive product portfolio under the brand name of TCS BaNCS. Our mission is to provide best of breed solutions that will drive growth, reduce costs, mitigate risk and offer a faster speed to market for our clients. With a global customer base in excess of 200 institutions operating in over 80 countries, TCS Financial Solutions delivers state-of-the-art software solutions for the banking, insurance and capital markets industries worldwide.

About Tata Consultancy Services Ltd (TCS)

Tata Consultancy Services is an IT services, business solutions and outsourcing organization that delivers real results to global businesses, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT and IT-enabled services delivered through its unique Global Network Delivery Model, recognized as the benchmark of excellence in software development. A part of the Tata Group, India's largest industrial conglomerate, TCS has over 95,000 of the world's best trained IT consultants in 47 countries. The Company generated consolidated revenues of US $4.3 billion for fiscal year ended 31 March, 2007 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.