Knowledge Process Outsourcing

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I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

II. EXECUTIVE SUMMARY

1. Industry Overview

India - Leader in the Worldwide KPO Market

India’s Edge: Advantages and Challenges for Knowledge Process

Outsourcing in India

Knowledge Process Outsourcing Continues Upward Climb

Major Growth Drivers for Boom in the KPO Industry

Growth Drivers

Cost Savings - Boosting Up the Market

Table 1: Cost Savings from Offshoring BPO and KPO Process (includes corresponding Graph/Chart)

India’s Tremendous Cost Savings Offers to the US in the

Knowledge Processing Areas

Shortage of Skilled Professionals in Developed Countries - A

Driving Force

Table 2: Shortage of Skilled Professional in the US and the UK by 2010 in Thousands

Move from BPO to KPO

KPO Vs. BPO Industry - Differences Remain Vast

Cost Arbitrage in BPO - Moving Up the Chain

KPO Growth Prospects Stronger than BPO

Table 3: Global Growth Prospects of KPO Vs ITO and BPO by 2010 (includes corresponding Graph/Chart)

Outsourcing Value Chain: Moving From Low-End Process (BPO)

to High-End Process (KPO)

Vendors Moving up the Value Chain by Providing High-End

Services

2. Current & Future Analysis

Analysis by Geographic Market

India - Single Largest KPO Market

KPO Market in Rest of World

Table 4: World Market for Knowledge Process Outsourcing(2004-2014): Geographic Regions Ranked by Growth

Analysis by Service Segments

Data Search, Integration and Management Services - Garnering

the Lion’s Share

Engineering & Design Services - Leads Next

Market & Intellectual Property Research Services - Trail

Blazing Ahead

Table 5: World Market for Knowledge Process Outsourcing (2004-2014): Service Segments Ranked by Growth (includes Dcorresponding Graph/Chart)

3. Market Trends and Issues

KPO Industry Favoring Third Party Outsourcing

Marketing Intelligence Services: Emerging KPO Market

Huge Growth Potential for SMEs (Small and Medium-Sized

Enterprises)

Table 6: Buying Vs Making or Onshoring Cost of KPO and BPO for SMEs in US$ Per Hour

US and UK are Currently the Largest Outsourcers

Table 7: Number of BPO (Non-IT) Jobs Off-Shored from US to India By 2010 (includes corresponding Graph/Chart)

Table 8: Number of BPO (Non-IT) Jobs Off-Shored from UK to India By 2010 (includes corresponding Graph/Chart)

Companies Prefer Specialized Vendors over Captive Centers

Need for Highly Talented Professionals Spiraling the KPO Market

Expertise More Important than Size of KPO Provider

Innovation and Branding Really Count

Supply Trends of KPO

KPO Industry Needs to be More Quality-Focused

Technical Language Training - A Prerequisite for KPO Service

Providers

Research-Based Projects: Potential Growth Areas for KPO Industry

Competitive Analysis

Complete Research Profile

Key Markets Identification

Identification of Market Potential for Emerging Industries

Keeping Track of Industry Developments

Providing Marketing Team Members

4. Future Outlook

Leading Future KPO Outsourcing Destinations

Challenges Ahead for the KPO Market

5. India - Hub for Knowledge Processing Market Worldwide

Overview

What’s Exactly Attracting the Investors to India?

Key Strengths of India in the KPO Sector

Potential KPO Service Domains In India

Potential Savings to Companies Outsourcing to India

Intellectual Property Research

Research & Development

Table 9: R& D Investment of India in 2002 & 2007 (P) in US$ Billion

Pharmaceutical Research & Development

Analytics and Data Mining Services

Competitive Landscape

Indian Consultants Lead the Global KPO Market

KPO Firms Serving the Indian Companies

Challenges for Indian Offshore Service Vendors in Knowledge

Process Outsourcing

Indian KPO Vs BPO Market

From BPO to KPO - A Win, Win Situation for India

Table 10: Growth Prospects of KPO Vs BPO in India By 2010

BPO Firms to Gain from KPO Boom

KPO Vs. BPO Outlook in Future

Future of KPO in India

Rising Costs Might Force India to Lose Cost Advantage

6. Focus on Other Emerging Regions in the Worldwide Knowledge

Process Outsourcing Market

7. Service Overview

Introduction to Knowledge Process Outsourcing

Potential KPO Markets

List of Services Offered in KPO Environment

End-Users of KPO

Benefits of KPO

General Benefits

Key Benefits of KPO

Leverages Existing Resources

Look Beyond Just Cost Cutting Advantage

Effective Functioning At the Macro and Micro Levels

Research Related Benefits

Value Creation by KPO: A Win -Win Proposal for Clients and

Vendors

Value to Clients Outsourcing KPO Jobs

Table 11: Value Creation to Client Before and After Outsourcing KPO Process (includes corresponding Graph/Chart)

Value to KPO Vendors

Table 12: Revenue Break up of KPO Vendor (includes corresponding Graph/Chart)

KPO Value Chain: Ranking the Process on a Scale of 1-10

Financial Modeling: Purpose and Skill Set for Industries

8. Recent Industry Activity

RR Donnelley Acquires BPO Major, OfficeTiger

Vishesh Infotecnics Enters into Joint Venture Deal with

Cyberworks Software

Cyberworks Vishesh Bags ECOSTAR KPO Contract

Karvy Global Services Initiates New KPO Services

Synechron Expands Mortgage Banking KPO Unit

Sitel India to Expand KPO Facility in India

Exevo Invests US$50,000 for Developing Indian KPO Facility

MarketRx Opens a New Research Office in UK

Satyam Acquires Singapore’s Knowledge Dynamics

Reuters Inks an Agreement with Copal Partners

Karvy Global Services Forms Partnership with Sol-Core

Synovate India Expands into Media Research Services

Karvy Floats a New Subsidiary Company, KARVY Global Services

Limited

Copal Partners Expands Operations in India

SPG Media to Expand its Knowledge Management Center in India

Exevo Starts a New Market Research Consulting Office in London

Synechron Commences New Operational Center

HSBC Sets Up New Worldwide Resourcing Center in India

CGI to Establish KPO Centers in Various Indian Cities

Darashaw Acquires Majority Stake in Tata Share Registry

Aspire Learning Company Forays into the US Market

Exevo Establishes Research Facility in India

Verist Research Initiates a New KPO Service

Scandent Solutions Bags a US$38 Million Contract.

Integreon Acquires Brahmy Solutions

Evalueserve Opens KPO Office in Shanghai

Lanco Global Systems Ltd to Merge with Lanco Global Systems, Inc

GV Films to Establish KPO Center

Equa Terra Acquires Ross Research

Hildebrandt Forms a Joint Venture with OfficeTiger

9. Focus on Select Global Players

Annik Technology Services Pvt. Ltd (India)

Copal Partners (USA)

Service Portfolio

Evalueserve Inc (USA)

Services Offered

Exevo Inc. (USA)

Services Offered

Indica Research Pvt Ltd. (India)

Integreon Managed Solutions Inc. (USA)

Service Portfolio of Integreon

Karvy Global Services (India)

Service Portfolio

MarketRx Inc (USA)

Synovate Inc (UK)

SPG Media Group Plc (UK)

Scope e-Knowledge Center Pvt Ltd (India)

Service List

Synechron, Inc. (USA)

10. Global Market Perspective

Table 13: World Current and Future Analysis for KnowledgeProcess Outsourcing by Geographic Region - India and Rest ofWorld Independently Analyzed by Annual Revenues in US$ Million for the Years 2004 through 2014 (includes corresponding Graph/Chart)

Table 14: World Current and Future Analysis for Knowledge Process Outsourcing by Service Segment - Animation & Design Services, Pharmaceutical & Biotechnological Services, Research & Development Services, Market & Intellectual Property Research Services, Data Search, Integration and Management Services, Engineering & Design Services and Other Services Independently Analyzed by Annual Revenues in US$ Million for the Years 2004 through 2014 (includes corresponding Graph/ Chart)

Table 15: World 10-Year Perspective for Knowledge Process Outsourcing by Geographic Region - Percentage Breakdown of Revenues for India and Rest of World for the Years 2004, 2009 and 2014

Table 16: World 10-Year Perspective for Knowledge Process Outsourcing by Service Segment - Percentage Breakdown of Revenues for Animation & Design Services, Pharmaceutical & Biotechnological Services, Research & Development Services, Market & Intellectual Property Research Services, Data Search, Integration and Management Services, Engineering & Design Services and Other Services for the Years 2004, 2009 and 2014(includes corresponding Graph/Chart)

III. COMPETITION

1. 12Silence Software (Romania)

2. 1en1 Studio (Argentina)

3. 24 Carat Design (USA)

4. 3D Stormstudio (USA)

5. 3Dar (Argentina)

6. 7 Star Web Services (UK)

7. AbsolutData Technologies, Inc. (USA)

8. Accel BPO (USA)

9. Accentance LLC (USA)

10. Accenture (USA)

Table 17: Half Yearly Sales Analysis: 2005-2006 (H1) (In US$ billion)

Table 18: Half Yearly Sales Analysis by Segment: 2005-2006 (H1) (In US$ billion)

Table 19: Half Yearly Sales Analysis by Geographic Region: 2005-2006 (H1) (In US$ billion)

Table 20: Annual Sales Analysis: 2004-2005 (In US$ billion)

Table 21: Annual Sales Analysis by Segment: 2004-2005 (In US$ billion)

Table 22: Annual Sales Analysis by Geographic Region: 2004-2005 (In US$ billion)

Table 23: Annual Sales Analysis by Quarter: 2004-2005 (In US$ billion)

11. Accord Human Resources (USA)

12. Adam Walker Film (Australia)

13. Addition Animation Studio (India)

14. AdhesiveStudio Corporation (USA)

15. Adhoc Solutions (India)

16. Adiance Technologies (India)

17. Advance Logics - Web Development Company (India)

18. AIT India (India)

19. Ajuba International, Inc. (USA)

20. Alapage Studio (India)

21. Alfa Associates, Inc. (USA)

22. Alternate Perspective (UK)

23. Altima Web Systems Ltd. (Ukraine)

24. Ambitious Entertainment (India)

25. AMG Infotech (India)

26. Amistud (UK)

27. Amrut Software Pvt, Ltd. (India)

28. AMZ Access, Inc. (USA)

29. Anderson Animation - Animation Services (USA)

30. Anitsoy.com (Ukraine)

31. Anivista (USA)

32. Annik Technology Services Pvt., Ltd. (India)

33. AnteriorSoft Pvt., Ltd. (India)

34. Apex Covantage (USA)

35. API Outsourcing, Inc. (USA)

36. Applied Ideas, Inc. (USA)

37. Ashabella Designz (Grenada)

38. Ashwebstudio (USA)

39. Aspire Learning Company Pvt., Ltd. (India)

40. Associated Software House (Pakistan)

41. Astrazeneca PLC (UK)

Table 24: First Quarter Sales Analysis: 2005-2006 (Q1) (In US$ million)

Table 25: First Quarter Sales Analyis by Geographic Region: 2005-2006 (Q1) (In US$ million)

Table 26: Annual Sales Analysis: 2004-2005 (In US$ million)

Table 27: Annual Sales Analysis by Quarter: 2004-2005 (In US$ million)

42. Atom Solutions (Bulgaria)

43. Atomworks (Canada)

44. Aura e-Solutions Pvt., Ltd. (India)

45. Autodesk, Inc. (USA)

Table 28: First Quarter Sales Analysis: 2006-2007 (Q1)(In US$ million)

Table 29: Annual Sales Analysis: 2004-2006 (In US$ million)

Table 30: Annual Sales Analysis by Segment: 2005-2006 (In US$ million)

Table 31: Annual Sales Analysis by Geographic Region: 2005-2006 (In US$ million)

Table 32: Annual Sales Analysis by Segment: 2004-2005(In US$ million)

Table 33: Annual Sales Analysis by Geographic Region: 2004-2005 (In US$ million)

46. Avenues Nepal Private Limited (Nepal)

47. Avestha Gengraine Technologies Pvt., Ltd. (India)

48. Avineon (USA)

49. Avion Technology (USA)

50. Avow Labs (USA)

51. Axis-v Creations Pvt., Ltd. (India)

52. Aynsoft (India)

53. Azilon Corporation (USA)

54. Backops Engineering (India)

55. Basil Communications Pvt., Ltd. (UK)

56. Benson Informatics, Ltd. (Tanzania)

57. bGlobal Sourcing LLC (USA)

58. Bigfoot Global Solutions Ltd. (Philippines)

59. Binarysoft Technologies Pvt., Ltd. (India)

60. Biozeen - Bangalore Biotech Labs Private Limited (India)

61. Bitgear Software, Inc. (China)

62. Bitscape Solutions (India)

63. bLinQue London (UK)

64. Blue Waterz (India)

65. Bluent E-Solutions (India)

66. Brad Fitzpatrick Illustration & Animation (USA)

67. Brainfusion Studios (USA)

68. Brickwork India (India)

69. Bridge 2 Tech Consultancy Pvt., Ltd. (India)

70. Brigade Management Services (P) Limited (India)

71. Bytemonster (USA)

72. Bytetank (Argentina)

73. Cad Outsourcing Services (India)

74. CADES Digitech Pvt. Ltd. (India)

75. Cantor Colburn Llp (USA)

76. Cardioscript International (USA)

77. CCS Technologies (P) Ltd. (India)

78. CDI-Aerospace (USA)

79. Cel Stream Technologies Private Limited (India)

80. Centrafest Technologies (Mumbai) Pvt., Ltd. (India)

81. CGI Canada (Canada)

Table 34: Half Yearly Sales Analysis: 2005-2006 (H1)(In CDN$ million)

Table 35: Half Yearly Sales Analysis by Quarter: 2005-2006 (H1) (In CDN$ million)

Table 36: Half Yearly Sales Analysis by Segment: 2005-2006 (H1) (In CDN$ million)

Table 37: Half Yearly Sales Analysis by Geographic Region: 2005-2006 (H1) (In CDN$ million)

Table 38: Annual Sales Analysis: 2004-2005 (In CDN$ million)

Table 39: Quarterly Sales Analysis: 2004-2005 (In CDN$ million)

Table 40: Annual Sales Analysis by Segment: 2004-2005 (In CDN$ million)

Table 41: Annual Sales Analysis by Geographic Region: 2004-2005 (In CDN$ million)

82. Cheers Interactive (I) Pvt., Ltd. (India)

83. China International Culture Limited (Hong Kong)

84. Clavib, Inc. (USA)

85. Coders and Designers (India)

86. Color Chips India Ltd. (India)

87. Copal Partners (USA)

88. Covient.com (USA)

89. Creative Mediapulse Technologies (India)

90. Creative Tomorrow Designs (USA)

91. Cross-Tab (India)

92. Cyber Futuristics India Private Limited (India)

93. Cyberworks Software, Inc. (USA)

94. Cyberworks Visesh LLC (USA)

95. Darashaw (India)

96. Datasys Web Solutions (India)

97. Deloitte Consulting (USA)

98. Depixion Studios (USA)

99. Developall, Inc. (USA)

100. Devi Architects (India)

101. Dexterity KPO Services (P) Ltd. (India)

102. Digi FX Studios (Tunisia)

103. Digital Dreams Company Limited (Hong Kong)

104. Digital-Attic (USA)

105. DNA Productions (USA)

106. Dotcom (India)

107. DQ Entertainment, Ltd. (India)

108. Dreamart Interactive Pvt. Ltd. (India)

109. Dynamic Web Technologies (India)

110. Dzine Café (UAE)

111. E - Power One (India)

112. E-DOC (Israel)

113. Elf Design (USA)

114. Elite3D - 3D Animation Company (Spain)

115. EMR Technology Ventures (India)

116. EncodedArt, Inc. (Canada)

117. Endless Graphics (USA)

118. EPlanetlabs LLC (USA)

119. EPRO Systems (Hong Kong) Ltd. (Hong Kong)

120. Equa Terra (USA)

121. Equinox Corporation (USA)

122. Evalueserve.com Private Limited (India)

123. Exevo, Inc. (India)

124. Expedionet, Inc. (USA)

125. Eyecircus Studio (India)

126. Fateh Technologies (P) Ltd. (India)

127. Flash Animation Website Design (USA)

128. Flashwebmaster (USA)

129. Fomax Information Technologies (P) Ltd. (India)

130. Four Dimension Technologies (India)

131. FrameFlow (India)

132. Framework Media, Inc. (USA)

133. Galaxy Microsystems, Inc. (USA)

134. Garfinkel & Associates, LLC (USA)

135. Gateway Technolabs (India)

136. Genpact (USA)

137. GeoLearning, Inc. (USA)

138. GlaxoSmithKline Plc (UK)

Table 42: Annual Sales Analysis: 2003-2005 (In £ million)

Table 43: Annual Sales Analysis by Segment: 2004-2005 (In £ million )

139. Global Market Insite, Inc. (USA)

140. Global Solutions (India)

141. GMT Teletech Pvt., Ltd. (India)

142. Goodwill - 3d Animation Outsourcing (India)

143. Graphinet Solutions Pvt., Ltd. (India)

144. GS Global Services, Inc. (USA)

145. GTESS Corporation (USA)

146. GTL Limited (India)

Table 44: First Quarter Sales Analysis: 2005-2006 (Q1)(In INR Crores)

Table 45: First Quarter Sales Analysis by Segment:2005-2006 (Q1) (In INR Crores)

Table 46: Annual Sales Analysis: 2004-2005 (In INR Crores)

147. GV Films Ltd. (India)

148. GVK Biosciences Private Ltd. (India)

149. Haematologic Technologies, Inc. (USA)

150. Hildebrandt International, Inc. (USA)

151. Hitech Infosoft (India)

152. HSBC India (India)

153. Huella Virtual (Argentina)

154. Hyperink, Inc. (USA)

155. International Business Machines Corporation (IBM) (USA)

Table 47: Annual Sales Analysis: 2003-2005 (In US$ million)

Table 48: Annual Sales Analysis by Segment: 2004-2005(In US$ million)

Table 49: Annual Sales Analysis by Geographic Region: 2004-2005 (In US$ million)

156. Icarus Design Pvt. Ltd. (India)

157. ICICI OneSource (India)

158. Ifactor Technologies (India)

159. Ikon Office Solutions, Inc. (USA)

Table 50: Half Yearly Sales Analysis: 2005-2006 (H1)(In US$ million)

Table 51: Annual Sales Analysis: 2003-2005 (In US$ million)

160. Illusion Cartoon Co. (China)

161. Imagecon Studios (USA)

162. Imageschain (India)

163. Impetusoft Pvt., Ltd. (India)

164. IndiainfoIT (India)

165. Indianic Infotech Limited (India)

166. Indica Research Pvt. Ltd., (India)

167. Indsys Computers Pvt., Ltd. (India)

168. Inductis, Inc. (USA)

169. Infosourcing, Inc. (USA)

170. Infosys Technologies Limited (India)

Table 52: Annual Sales Analysis by Business Segment: 2005-2006 (In Rs billion)

Table 53: Annual Sales Analysis by Region: 2005-2006 (In Rs billion)

Progeon Ltd. (India)

171. Iniquus IT Services Pvt., Ltd. (India)

172. Inkorus (USA)

173. Integreon Managed Solutions, Inc. (USA)

174. Interactive Web Connects (India)

175. Invisible Pictures (Canada)

176. Invitra Technologies (India)

177. IT Elite Systems Pvt., Ltd. (India)

178. ItechNext (India)

179. Itels (USA)

180. Itraitz IT Solutions Pvt. Ltd. (India)

181. JP Morgan Chase & Co. (USA)

Table 54: Annual Sales Analysis: 2004-2005 (In US$ million)

Table 55: Annual Sales Analysis by Segment: 2004-2005 (In US$ million)

Table 56: Annual Sales Analysis by Geographic Region: 2004-2005 (In US$ million)

182. Jubilant Organosys Ltd. (India)

Table 57: Annual Sales Analysis: 2005-2006 (In INR million)

183. Karmyogi Solutions Pvt., Ltd. (India)

184. Karvy Global Services Limited (India)

185. Khayal Interactive Entertainment (Egypt)

186. Kinetic Biomedical Services (USA)

187. KnowledgeWorks Global Limited (India)

188. KPMG International (USA)

189. KPO Experts India (India)

190. KPO Guru (India)

191. KPOasia.com (India)

192. Kpoweb (India)

193. Krish Inc. (India)

194. Kudos Information Ltd. (UK)

195. Lanco Global Systems Ltd. (India)

196. Lazymask (Denmark)

197. Lemberg Systems (Ukraine)

198. Lionbridge Technologies, Inc. (USA)

199. Logo Designs Works (USA)

200. Logo-Togo (USA)

201. Luminetik (USA)

202. Macquarium Intelligent Communications (USA)

203. Macrotech Marketing Associates, Inc. (USA)

204. Mad Cow Pictures (Australia)

205. Madhuvan Infotech Pvt., Ltd. (India)

206. Magic Animation (USA)

207. Manthan Services (India)

208. Marketrx, Inc. (USA)

209. Maximize Learning (USA)

210. McKinsey (Germany)

211. Merlin TSD (USA)

212. Merrill Lynch & Company, Inc. (USA)

Table 58: First Quarter Sales Analysis: 2005-2006 (In US$ million)

Table 59: Annual Sales Analysis: 2003-2005 (In US$ million)

Table 60: Annual Sales Analysis by Quarter: 2004-2005 (In US$ million)

Table 61: Annual Sales Analysis by Segment: 2004-2005 (In US$ million)

Table 62: Annual Sales Analysis by Geographic Region: 2004-2005 (In US$ million)

213. Miracle Software Systems, Inc (USA)

214. Mirchev Ideas (Bulgaria)

215. Moebiusonline.Com (South America)

216. Moon Microsystem (India)

217. Morgan Stanley (USA)

218. Nash Infotech (India)

219. Neilsoft Limited (India)

220. Net Systems Informatics (India) Pvt., Ltd. (India)

221. Net Archers Technologies (India)

222. Netguru, Inc. (USA)

Table 63: Nine Months Sales Analysis: 2005-2006 (Nine Months Ended, December) (In US$ million)

Table 64: Nine Months Sales Analysis by Segment: 2005- 2006 (Nine Months Ended, December) (In US$ million)

Table 65: Nine Months Sales Analysis by Geographic Region: 2005-2006 (Nine Months Ended, December) (In US$ million)

223. Netsoft Informatics Private Limited (India)

224. Newgen Imaging Systems Private Limited (India)

225. Nextwave Multimedia Pvt., Ltd. (India)

226. NIIT Technologies Limited - Smartserve (India)

227. Nikitova LLC (USA)

228. Oracy Concepts (Philippines)

229. osArch (USA)

230. Osmos Multimedia Pvt., Ltd. (India)

231. Outsourcing Ukraine (Ukraine)

232. Pacific Consulting Services (Dubai)

233. Panoram Software (India)

234. Patheon, Inc. (Canada)

Table 66: Half Yearly Sales Analysis: 2005-2006 (H1)(In US$ million)

Table 67: Half Yearly Sales Analysis by Geographic Region: 2005-2006 (H1) (In US$ million)

Table 68: Annual Sales Analysis: 2004-2005 (In US$ million)

Table 69: Annual Sales Analysis by Geographic Region: 2004-2005 (In US$ million)

235. Patni Computer Services Ltd. (India)

236. Pentamedia Graphics Limited (India)

237. Perceptual Motion (USA)

238. Pharmamediscience (USA)

239. Pharmacy Analytic Solutions Pvt., Ltd. (India)

240. Pi Business Research (India)

241. Pipal Research Corporation (USA)

242. Porticos Inc. (USA)

243. Precision Pharma Services, Inc. (USA)

244. Presto Studio (India)

245. Prodat IT Solutions (India) Private Limited (India)

246. Program-Ace (Ukraine)

247. Promad Gupta & Company (India)

248. Pronto Infotech (India)

249. Pro-Wasp (UK)

250. Quadra Solutions (India)

251. Quadra Technologies (Pakistan)

252. QualHub Solutions Pvt., Ltd. (India)

253. Quality Engineering & Software Technologies, LLC (USA)

254. Quasar Softech (Kuwait)

255. R.R. Donnelley & Sons Company (USA)

Table 70: First Quarter Sales Analysis: 2005-2006 (Q1)(In US$ million)

Table 71: Annual Sales Analysis: 2003-2005 (In US$ million)

OfficeTiger LLC (USA)

256. Rabcat Entertainment (Austria)

257. Redix Web (India)

258. Renaissance Legal & Learning Systems (India)

259. Respower (USA)

260. Reuters (UK)

Table 72: First Quarter Sales Analysis: 2005-2006 (Q1)(In £ million)

Table 73: First Quarter Sales Analysis by Geographic Region: 2005-2006 (Q1) (In £ million)

Table 74: First Quarter Sales Analysis by Business Segment: 2005-2006(Q1) (In £ million)

261. Revision Consulting (Canada)

262. Ring India (India)

263. RR Infotech Ltd.(India)

264. Samtrack Technology Services Pvt., Ltd. (India)

265. Satyam Computer Services Limited (India)

Table 75: Annual Sales Analysis: 2004-2006 (In US$ million)

Table 76: Annual Sales Analysis by Segment: 2005-2006(In US$ million)

Table 77: Annual Sales Analysis by Geographic Region:2005-2006 (In US$ million)

Table 78: Annual Sales Analysis by Business Segment:2004-2005 (In US$ million)

Table 79: Annual Sales Analysis by Geographic Region:2004-2005 (In US$ million)

Nipuna Services Ltd. (India)

266. Scandent Solutions Corporation Ltd. (India)

267. Scope E-Knowledge Center Pvt., Ltd. (India)

268. Shinetech Software (China)

269. Sitel India (India)

270. SmartAnalyst Inc. (USA)

271. SolovatSoft (USA)

272. SPG Media Group PLC. (UK)

273. Star Designs India (India)

274. Styx Infosoft Pvt., Ltd. - Azure (India)

275. Sumpraxis (USA)

276. SunGard Data Management Solutions (USA)

277. SurePrep LLC (USA)

278. Synechron, Inc. (USA)

279. Synovate, Inc. (UK)

280. Syscon Software Technologies and Solutions Pvt., Ltd.

(India)

281. TCS (Tata Consultancy Services Ltd.) (India)

Table 80: Annual Sales Analysis: 2005-2006 (In INR million)

Table 81: Annual Sales Analysis by Geographic Region: 2005-2006 (In INR million)

282. Techbooks (USA)

283. Technopark Corporation (USA)

284. Textndata (India)

285. Textools Communications (India)

286. The Design Firm (India)

287. The Falcon Networks (USA)

288. The Integrity Group (USA)

289. The Moving Picture Company (UK)

290. The Write Concept, Inc.(USA)

291. Thomson Press (India)

292. Thuriam (India)

293. TNS (UK)

294. Toei Animation Co., Ltd. (Japan)

295. Toonz Animation (India)

296. Tracobi Healthcare Services Inc. (USA)

297. Trivista Engineering (UK)

298. Trotta Media (USA)

299. Two Animators! (USA)

300. Ugam Solutions (India)

301. UniqMove (India)

302. Upmarket (USA)

303. UTV Software Communications Ltd. (India)

Table 82: Annual Sales Analysis: 2004-2005 (In INR. million)

304. Valuenotes Database Pvt., Ltd. (India)

305. veHere Interactive (India)

306. Verist Research (India)

307. Visesh Infotecnics Limited (India)

308. Vision Cosultancy (USA)

309. Vision India (India)

310. Web Animation India (India)

311. Webchroma (Nepal)

312. Wipro BPO (India)

313. WNS Global Services (India)

WNS - Trinity Mortgage Services (India)

314. Wonderlens (USA)

315. Write-Way Independent Editorial Services, LLC (USA)

316. Xicom Technologies Ltd. (India)

317. Xplora Interacctive (USA)

318. Zapstech (USA)

319. Zen Grenade (UK)

320. ZS Associates (USA)