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KARVY Global Services Becomes the First Indian Third Party Business and Knowledge Process Outsourcing Provider to Receive the ISO 27001:2005 Certification

Company’s Business Procedures Now Meet the Most Stringent Global Standards for Information Security and Quality Management Systems

NEW YORK & HYDERABAD, India–(BUSINESS WIRE)–Feb. 28, 2006–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 been recommended for the ISO 27001:2005 certification based on its compliance with the new standards for data and information security set forth by ISO, the International Organization for Standardization. This certification has been awarded to KARVY Global Services across all its operational and functional units at three global delivery centers in Hyderabad, India. The requirements of the certification were audited by Det Norske Veritas (DNV), an independent international provider of services for managing risk, certification and registration. KARVY Global Services is also certified for ISO 9001:2000 (in October 2005) for its quality management and assurance controls.The ISO 27001 is the highest certification available from ISO, (adopted from the BS 7799 standards of BSI) and is awarded for effective e-security and physical security measures. ISO 27001 is the only International standard where an organization can receive a truly independent assessment of their Information Security Management System (ISMS).

ISO is a global network that identifies certain international standards required by business, government and society. Recognized as the world’s leading developer of International Standards, ISO standards specify the requirements for state-of-the-art products, services, processes, materials and systems, as well as for good conformity assessment, managerial and organizational practice.

Commenting on the certification, ARthur R. Flew, CEO, KARVY Global Services Limited, said, “This is a significant achievement for KARVY Global Services. We are proud to be the first Indian BPO and KPO provider to receive this certification. ISO 27001 highlights stringent security measures that secure the data and information of our customers. Our focus on information security through use of consistent process methodologies enables us to provide a secure environment for delivering high quality services

“We know first-hand how critical controls are to the success of an outsourcing relationship,” continued ARthur Flew, CEO of KARVY Global Services. “The ISO 9001:2000 certification communicates our dedication to ensure a superior level of process management solutions for our Clients – across all industries.”

About KARVY Global Services

KARVY Global Services Limited (KGS) is the Business Process and Knowledge Process Outsourcing subsidiary, of KARVY, the largest non-banking financial 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, KGS provides a full range of Finance and Accounting Outsourcing services and also offers capabilities in the areas of Transaction Process Outsourcing (back office processing for a range of industries including Insurance and Healthcare), Knowledge Process Outsourcing (KPO – Research and Analytics), Human Resources Outsourcing (HRO), Voice and Technology Support Services (including helpdesk support, integration solutions and technology development). KGS has three centers in Hyderabad, India, headquarters in Hyderabad, India and US headquarters in New York City with additional offices in India, California, London and Toronto. Additional information on KARVY Global Services can be found at www.KARVYGlobal.com.

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