1^st September, 2006

The International Association of Outsourcing Professionals (IAOP) has recognized Tata Consultancy Services as one of the world's best BPO outsourcing service providers for 2006.

Commenting on the achievement, Michael F. Corbett, executive director of the International Association of Outsourcing Professionals (IAOP), said, "Being selected to the Top BPO Providers list for 2006 is a tremendous achievement that speaks to TCS's position as one of the industry's most valuable partners. As the global standard-setting organization and advocate for the outsourcing profession, IAOP is pleased to recognize TCS with this prestigious award."

One of the factors that helped TCS win the IAOP accolade is the work it is doing with Pearl Group Ltd., a UK-based life insurance firm with two million customers and $55 billion (£30 billion) of assets. Under a recently signed 12-year, $847 million agreement, a newly formed TCS subsidiary has taken over administration of the Pearl Group's four million policies, will provide finance and accounting services, and manage the company's day-to-day human resources activities. For starters, TCS has assumed the Pearl Group's back-office operations.

This is an example of the way that companies globally are now viewing BPO, if it is reliable, cost-effective and standardized, as a strategic component to ongoing business success.

N. Chandrasekaran, executive vice president at Tata Consultancy Services said, "The integration of business processes and the technologies that support them allows companies to digitize their operations. This in turn enables globalization, where work can be matched to the availability of talented people, wherever they are. By creating standardised platforms for doing work and then charging clients on a per-unit basis, providers like TCS can create what is essentially a reliable, cost-effective business process utility that our customers can plug into."

The Top BPO Providers for 2006, a sub-list of The Global Outsourcing 100, recognizes the world"s top BPO service providers and is based on applications received and evaluated by an independent panel of judges.

Further information on The Top BPO Providers can be found at http://www.outsourcingprofessional.org/content/23/152/1197/

About IAOP

The International Association of Outsourcing Professionals (IAOP) is the global, standard-setting organization and advocate for the outsourcing profession. Through professional and ethical standards, the Certified Outsourcing Professional (COP) Program, educational programs including The Outsourcing World Summit®, and recognitions such as The Outsourcing Hall of Fame and The Global Outsourcing 100, IAOP is advancing one of the 21st century's most important new management fields - outsourcing.

To learn more, visit www.outsourcingprofessional.org.

About The Top BPO Providers

The International Association of Outsourcing Professionals (IAOP) produces The Global Outsourcing 100 and its sublists, including The Top BPO Providers. This list, devoted to recognizing the leading BPO companies, will be published in a special advertising feature in the September 4, 2006 issue of FORTUNE® magazine. Because of the rigorous application and judging process employed, The Global Outsourcing 100 and its sub-lists defines the standard for excellence in outsourcing service delivery.

About Tata Consultancy Services Ltd (TCS)

Tata Consultancy Services Limited (TCS) is the world leading information technology consulting, services, business process outsourcing and engineering services organization that envisioned and pioneered the adoption of the flexible global business practices that today enable companies to operate more efficiently and produce more value. TCS achieved this by creating and perfecting a unique method of global deployment and delivery of high quality, high value services and products in IT consulting and business process outsourcing. Known as the "Global Delivery Model", this strategic services delivery concept has reshaped the IT services industry.

More than 95% of TCS customers reward the company's reliability, passion, creativity, and unique ability to handle the broadest range of their IT needs by continually extending and deepening their partnerships with TCS. With over 70,000 of the world's best trained IT consultants located in 35 countries, TCS is uniquely positioned to deliver its flexible world class services seamlessly to any location. TCS reported consolidated revenues of $2.97 billion (U.S.) in the fiscal year 2005-2006. The company is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information: www.tcs.com