Press Releases

Monday
October 30, 2006

Rolta India Appoints New Director-Finance & Chief Financial Officer

Mumbai, October 30, 2006 :Rolta India Limited, one of India's leading IT companies, specializing in Geospatial Information Systems (GIS), Engineering Design Automation (EDA) and eSolutions (eS) today announced the appointment Mr. Hiranya Ashar as Chief Financial Officer and Director-Finance on the Board of the company.

Earlier the Board took on record the resignation of Mr. V.L. Ganesh as Director-Finance and Chief Financial Officer of the company with effect from the close of the company's business day October 31, 2006. Mr. K.K. Singh, Chairman and Managing Director placed on record the appreciation for his valuable contribution to the company.

Mr. Hiranya Ashar is a commerce graduate and an Associate member of The Institute of Chartered Accountants of India and has experience in finance, accounts, taxation and audit. He has rich experience of managing corporate finance, project management, financial planning & analysis, budgetary control, fund management, taxation, audit, fund raising through IPOs / GDRs and investor relations. His analytical, management and leadership skills would benefit the company.

Mr. Hiranya Ashar is currently Senior Executive Director-Finance & Investor Relations at Rolta and has been promoted to this position.

COMPANY OVERVIEW: Rolta is an Indian multinational organization that has executed projects in over 35 countries. Rolta is a leading provider and developer of information technology based GeoSpatial Information Systems (GIS), Engineering Design Automation Solutions and eSecurity services worldwide. Rolta, through its joint venture Stone & Webster Rolta Ltd., provides comprehensive Engineering, Procurement and Construction Management (EPCM) services to meet turnkey project requirements of power, oil, gas and petrochemical sectors. Rolta's Joint Venture with Thales, France will leverage the broad spectrum of cutting-edge technologies, systems and solutions from Thales, and Rolta's leadership position in the Indian market and will take advantage of technology transfer from Thales for developing state-of-the-art Command, Control, Communications, Computers, Intelligence, Surveillance, Target Acquisition and Reconnaissance information systems, for domestic and international markets. Rolta, headquartered in Mumbai, employs over 3000 professionals with countrywide infrastructure and international subsidiaries across the globe. Forbes ranked Rolta as one of "Asia's best 200 under a billion for the fourth time in the last six years.. The company is listed on the NSE and BSE in India, with its GDRs listed on the London Stock Exchange.

For additional information

Mr. Hiranya Ashar,  
Director - Finance & Chief Financial Officer
Telephone: 91-22-2821 3052  

Gavin Anderson & Company (U.K.)

Mr. Byron Ousey,   
Managing Director
Telephone: +44-20-7554 1400  
E-mail: bousey@gavinanderson.com

Mr. Clotilde Gros,   
Senior Executive
Telephone: +44-20-7554 1400  
E-mail: cgros@gavinanderson.com