Tech Mahindra declared leaders in telecom by F & S

New Delhi, India "� 17 October, 2006 "� Tech Mahindra Limited, one of the largest IT solution providers in the telecom space, and India's 8th largest software exporter, won two highly prestigious awards at the much sought Frost & Sullivan ICT Awards. The awards were distributed in Mumbai at a well attended program on the 17th October 2006.

The Frost & Sullivan Market Penetration Leadership Award is presented each year to the company that garners the highest revenue and market share within an industry. Tech Mahindra was chosen for the award because the company displayed an excellent performance and penetration in Telecom Vertical, as per the research for Telecom Vertical Market category by Frost & Sullivan.

Tech Mahindra also received the Market Leadership Award for the Offshore Security Consulting for Next Generation Networks and Applications for 2006, emerging as the leading provider of security consulting services for the next generation network space in today's leading telecom companies across the world.

"We have a very comprehensive portfolio of solutions to help the telecom industry meet the challenges of a highly competitive environment "� and we continue to see rapid growth across the entire portfolio. The Frost & Sullivan Awards are a clear re-iteration of our leadership in this space, which we look to further consolidate in coming times" said Rajesh Chandiramani, Head "� Marketing, Tech Mahindra.

"Tech Mahindra has continually demonstrated solutions for monitoring market changes and for implementing superior market strategies. For example, it has undertaken initiatives to deal with service specific security like IPTV, which is one of the killer applications of NGN Telecom. By utilizing such strategies for success, the company has established itself as the market leader in the security consulting space for next generation networks and applications", said Aditya Sapru, Partner & M.D, South Asia and Middle East, Frost & Sullivan.

"The New Generation Networks (NGNs) can offer a large number of services globally across multiple networks. The customer experience of new services needs to be rich and global, with boundaries, simple to use and deploy. This presents unprecedented security challenges in terms of fraud, attacks and leakage. Tech Mahindra security portfolio is aimed to build security up front within the NGN architecture as against bolting it down as an after thought. Investments in creation of this expertise has given Tech Mahindra the leadership position in this emerging area", Said Dr. Prem Chand, Vice "� President, Security Consulting and CIO, Tech Mahindra.

About Tech Mahindra Ltd

Founded in 1986, Tech Mahindra is a leading provider of solutions and services to the telecommunications industry. Majority owned by Mahindra & Mahindra, in partnership with BT Plc. With total revenues of Rs 1243 crores in the year ended March 31, 2006 , Tech Mahindra is India's 8th largest software exporter, and serves telecom service providers, equipment manufacturers, software vendors and systems integrators.

Tech Mahindra solutions enable clients to maximize returns on IT investment by achieving fast time to market reduced total cost of ownership and high customer satisfaction. Tech Mahindra achieves this through its domain and process expertise, distinctive IT skills, research and development, proven innovative delivery models and approach to off shoring.

Tech Mahindra is an active member of various international forums focused on the Telecom industry. We believe that our competence and expertise in the telecommunications industry, combined with our "thought leadership" initiatives such as our active involvement in industry forums including the Tele-Management Forum and the OSS through Java Initiative, contributes to the domain knowledge that we bring to bear when addressing our clients' needs.

Tech Mahindra was ranked as 3rd largest BSS SI Worldwide by Gartner (Gartner - Market Share: Business Support Systems, Worldwide, 2000-2005 by Norbert J. Scholz )"

Assessed at SEI-CMMi Level 5 and PCMM Level 5, Tech Mahindra's track record for value-delivery is supported by over 15,000 professionals who provide a unique blend of culture, domain expertise and in-depth technology skill-sets. Its development centres are ISO 9001:2000 & BS7799 certified. Tech Mahindra has principal offices in the UK, United States, Germany, UAE, Egypt, Singapore, India, Thailand, Taiwan & Australia - including major development facilities in India and the UK.

For more information, please visit - www.techmahindra.com

About the Frost & Sullivan ICT Awards

The Frost & Sullivan ICT Awards are held annually to recognize outstanding performance by companies and individuals in the Information and Communications Technology (ICT) industry in India. The awards seek to showcase best practices in the vendor and service provider segments which are synonymous with Frost & Sullivan's in-depth analysis and coverage of the technology industry. It has attracted some of the leading names in technology on a single platform to compete for the most coveted titles in technology. Benchmarked against the highest standards of measurement criteria, the recipients of these awards indeed represent the best-of-breed in India.

About Frost and Sullivan:

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit www.frost.com