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Infinite Computer Solutions (India) Ltd. Company History and Annual Growth Details

Our Company was incorporated as 'Infinite Computer Solutions (India) Private Limited' on September 6,
1999 under the Companies Act, 1956 at Mumbai. Our status was subsequently changed to a public
limited company, consequent to the shareholders approval recorded at the Extra Ordinary General
meeting of the Shareholders held on January 7, 2008. Consequently our name was changed to 'Infinite
Computer Solutions (India) Limited' and the Registrar of Companies, issued a fresh certificate of
incorporation dated February 14, 2008.

At the time of incorporation, the registered office of our Company was situated at 23 Asha Mahal, Nawroji
Gamadia Road, Mumbai 400 026. The Registered Office of our Company was shifted from the state of
Maharashtra to New Delhi and the certificate for registration of order of Company Law Board for change
of state was received on December 05, 2007. The registered office was shifted to 155, Somdutt
Chambers - II, 9 Bhikaji Cama Place, New Delhi - 110 066 on September 17, 2007. Subsequently, on
January 24, 2008, the registered office was again shifted to 201, Mohta Building, 4, Bhikaji Cama Place,
New Delhi - 110066. The Registered Office of out Company was subsequently shifted to 155, Somdutt
Chambers II, 9, Bhikaji Cama Place, New Delhi - 110 066.

On March 2, 2004 we entered into a Stock Purchase Agreement with WhiteRock Investments I Ltd., a
company incorporated in British Virgin Island Company. Pursuant to the agreements, WhiteRock agreed
to subscribe and the Company allotted 4818 Equity shares and 43360 convertible preference shares of
Rs.10/- each at a price of Rs.5453.50 per share. Subsequently WhiteRock Investments I Ltd assigned
these rights to WhiteRock Investments (Mauritius) Ltd. The convertible preference were converted into
equity shares on November 16, 2005.

During the year 2005-2006, we acquired Datagrid Services Pvt. Ltd (a BPO company based out of
Hyderabad) to diversify our business into new revenue segment with an intent to de-risk our business
model. The Company was renamed as Infinite BPO Private Limited

During the year 2007-2008, Infinite Computer Solutions Inc, USA our wholly owned subsidiary acquired
Comnet International Co. USA, a telecommunication focused product development Company based in
Chicago, USA through a 100% Stock Purchase. The ownership of the same was transferred on August
8, 2007.

During the financial year 2007-08, we decided to divest our investments from Infinite BPO Private Limited
and the same was sold.

Key Events and Mile Stones

Financial Year

FY 1999-00

a) Started operations in New Delhi

FY 2000-01

a) Inauguration on Bangalore Development Centre
b) Started Operation in USA

FY 2001-02

a) Assessed at ISO 9001:2000
b) Assessed at SEI - CMM Level 3

FY 2002-03

a) Assessed at SEI - CMM Level 5
b) E & Y Entrepreneur of the year award
c) Ranked amongst NASSCOM's Top 20 Indian IP Companies

FY 2003-04

a) Deloitte & Touche Fast 50 Award
b) Allotment of 4.50 acres of land by KIADB in EPIP Zone at Whitefield, Bangalore
c) Funding of US$ 6M from WhiteRock Investments (Mauritius) Limited
c) Initiated operations in UK

FY 2004-05

a) Assessed at SEI - CMMi Level 5
b) Ranked 50th in IDC - Dataquest Survey of Top 20 Indian IT Companies
c) Ranked among Deloitte Technology Fast 500 Asia Pacific Winners
d) Listed among Offshore 100 in neoIT 2005 Offshore 100 study
e) Inauguration of Whitefield Campus
f) Started operations in Malaysia and China

FY 2005-06

a) Setup of Development Centre at Hyderabad

FY 2006-07

a) Recognized as one of the Top 100 Global Outsourcing Provider in 2006 by the International
Association of Outsourcing Professionals (IAOP)

b) Recognized as one of the Top 100 Global Telecom Outsourcing Provider in 2006 by the
International Association of Outsourcing Professionals (IAOP)

d) ISO 27001:2005 by BSI

FY 2007-08

a) Acquired Comnet International a US based telecom Solutions Provider
b) Started Operations in Australia

FY 2008-09

a) Signed Fujitsu as a Strategic Client
b) Started Development Centre in SEZ Chennai

FY 2009-10

a) Started operations at Gurgaon in SEZ premises (through 100% subsidiary)

b) Listed on the NSE and BSE