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KARVY Global Services Announces Expansion in Canada

Company’s Partnership with SOL-CORE Brings Clients Local Outsourcing Expertise

Hyderabad, India and Toronto, Canada — (November 28, 2005) — KARVY Global Services Limited, the Business Process and Knowledge Process Outsourcing subsidiary of KARVY, the largest non-banking financial institution in India, today announced it has expanded its operations into Canada through a partnership with SOL-CORE, a consulting firm based in Toronto, Canada.

Through this partnership, SOL-CORE will serve as the Solution Broker for KARVY Global Services in Canada, providing solution development, contract formulation and local Client management services.

“Canada is a key market for us,” said ARthur Flew, CEO of KARVY Global Services. “We wanted to differentiate ourselves by offering our Clients a team that could provide both local support and process outsourcing expertise. By partnering with SOL-CORE, we provide our Clients with a unique value proposition and are not aware of any other outsourcers who can make this claim.”

SOL-CORE offers solution actualization services grounded in business, process, IT and legal expertise. This combination benefits both the solution provider and procurer when engaging third party and offshore outsourcers.

“KARVY Global Services brings an exceptional BPO and KPO offering to the Canadian marketplace and leveraging SOL-CORE as its route to market creates even further differentiation,” said Taylor Mieske, co-founder of SOL-CORE. “We anticipate keen Client interest in Canada, and view this relationship as a distinctive engagement model that offers great Client value.”

To contact KARVY Global Services in Canada, please call 416.850.0001.

About KARVY Global Services

KARVY Global Services Limited is the Business Process and Knowledge Process Outsourcing subsidiary, of KARVY, the largest non-banking financial services institution in India. KARVY is ranked in India as the number one registrar, the number two depository participant, one of the top five brokers and the number five investment bank.

With a combined capacity of 3200 seats, KARVY Global Services provides a full range of services including Finance and Accounting (process management, end-to-end accounting, taxation, analysis and reporting), Transaction Processing (data capture, data processing, administration, customer services), Knowledge Processing (investment analytics, CRM analytics, SCM analytics, market research), Human Resources (payroll management, benefit management, records management, compliance and reporting) and Voice Services (inbound calling, outbound calling and transcription). KGS has its India headquarters and three operations centers in Hyderabad, India, and its US headquarters in New York City with offices in India, New York, California, London and Toronto. Additional information on KARVY Global Services can be found at www.KARVYGlobal.com.

About SOL-CORE
SOL-CORE is a Canadian-based consulting firm that offers value-add Solution Assurance services for process outsourcing (ITeS) projects. It was founded by Taylor Mieske, an accomplished business consultant with nearly 20 years of experience in business process and technology innovation; and Dan Shear, a highly skilled corporate/commercial, IT and outsourcing lawyer with 20 years of practice experience. SOL-CORE combines ‘best practices’ oriented business, process, IT and legal expertise to guide, progress and safeguard solution actualization. SOL-CORE’s Solution Broker services help ensure a viable solution with practical contract and SLA terms. Additional information on SOL-CORE can be found at www.SOL-CORE.com.

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