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Investor Presentation

FY Ending - Mar 2009

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SAFE HARBOUR STATEMENT

Certain statements in this presentation concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in the BPO industry including those factors which may affect our cost advantage, wage increases, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-timeframe contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Hinduja Global has made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Hinduja Global may, from time to time, make additional written and oral forward-looking statements, including our reports to shareholders. The company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company.

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Financial Performance – FY 2009

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Financial – Q4 FY’09

• Operating Revenue for Q4 at Rs. 218.3 cr, growth of 26% over the previous year Q4 of Rs. 173.4 cr.

• EBITDA for Q4 at Rs. 42.6 cr., growth of 51% over the previous year Q4 of Rs. 28.3 cr.

• PAT for Q4 at Rs. 36.1 cr. , growth of 49% over the previous year Q4 of Rs. 24.1 cr.

Financials – FY 2009

• Operating Revenue for FY’09 at Rs. 797.6 cr, growth of 25% over the previous year FY’08 (Rs. 637.1 cr.)

• Total Revenue (including other income) for FY’09 at Rs. 820.7 cr, growth of 22% over the previous year FY’08 (Rs.

673.4 cr.)

• EBITDA for FY’09 at Rs. 142.8 cr., growth of 52% over the previous year FY’08 of Rs. 93.9 cr.

• PAT (after providing for MTM of Rs. 10.6 cr.) for FY’09 at Rs. 93.7 cr. , growth of 7% over the previous year FY’08

of Rs. 87.4 cr.

Highlights (FY ’08-09)

Operational

• Net. Additions to the client base during the year is 5

• Global Headcount is at 13,787 as against 12652 in the previous year (9% Increase)

• Total seats is 13,512; Occupancy of 78.1% (DRC sites in Mumbai & Mauritius – total of 525 Empty seats)

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Steady Revenue Growth

Note: IT / ITES (BPO) Revenues of Hinduja TMT Ltd, pertaining to previous period is shown for comparative purposes

Revenue Growth (FY 2004 to 2009) 821

294

141201

673

432

22%

43% 46% 47%56%

-

200

400

600

800

1,000

FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009

Rs.

Cro

res

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Performance – by Quarter

Operating Revenue - Last 6 quarters

165.70 173.44 170.32

190.36

218.60 218.27

100

125

150

175

200

225

Dec-07 Mar-08 Jun-08 Sep-08 Dec-08 Mar-09

Quarter Ended

Rs.

Cro

res

PAT - Last 6 quarters

23.35 24.1320.05

16.1121.50

36.06

-

10

20

30

40

Dec-07 Mar-08 Jun-08 Sep-08 Dec-08 Mar-09

Quarter Ended

Rs.

Cro

res

EBITDA - Last 6 quarters

24.3828.26 26.83

35.95 37.3742.61

-

10

20

30

40

50

Dec-07 Mar-08 Jun-08 Sep-08 Dec-08 Mar-09

Quarter Ended

Rs.

Cro

res

7

Revenue by Geography – by Quarter

Rolling 4 Quarter Revenue - by Geography

73

170

83

190

103

219

84

38

0.4

96

0.3

29

69 76

32

0.3 0.3

38

78

218

-

50

100

150

200

250

India Manila Mauritius NA Total

Rs.

Cro

res

Jun-08 Sep-08 Dec-08 Mar-09

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Profit & Loss Account Vs. Prev. Year

Hinduja Global Solutions Ltd. Rs. Crores

Profit & Loss Account FY 07-08 FY 08-09

Operating Revenue 637.05 797.57

Direct Cost, Product Charges and Connectivity Cost (37.02) (41.33) Employee Costs (404.52) (480.08) Administrative and Other Expenses (101.66) (133.40)

Operating Costs (543.20) (654.81)

EBITDA 93.85 142.76 EBITDA % 14.7% 17.9%

Other Income 36.36 23.12 Interest (1.45) (8.59) Depreciation / Amortisation / Impairment (27.95) (32.68)

PBT 100.81 124.60 PBT % 15.8% 15.6%

Exceptional Items - (10.61) Tax (13.39) (20.26)

PAT 87.41 93.73 PAT % 13.7% 11.8%

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Balance SheetRs. Cr.

Balance Sheet as at… 31-Mar-07 31-Mar-08 31-Mar-09

SOURCES OF FUNDS

Shareholders' FundsShare Capital 20.79 20.54 20.54 Reserves and Surplus 666.59 716.28 970.57

687.38 736.82 991.11

Secured Loans 0.43 19.74 - Unsecured Loans - 56.32 87.27 Deferred Tax Liability (Net) 0.90 11.43 16.15

TOTAL 688.72 824.31 1,094.53

APPLICATION OF FUNDS

Fixed AssetsGross Block 308.61 368.06 446.60 Less: Depreciation/ Amortisation/ Impairment (109.04) (136.67) (166.05) Net Block 199.56 231.38 280.55 Capital Work-in-Progress 2.66 13.14 16.51

202.22 244.52 297.06

Investments 42.13 2.25 1.29

Current Assets, Loans and AdvancesSundry Debtors 99.72 113.03 130.78 Cash and Bank Balances 509.64 493.78 665.11 Other Current Assets 12.68 24.99 37.14 Loans and Advances 154.98 39.94 54.85

777.01 671.74 887.88 Less: Current Liabilities and Provisions

Current Liab ilities (269.17) (62.99) (71.37) Provisions (63.47) (31.20) (20.33)

(332.65) (94.19) (91.71)

Net Current Assets 444.37 577.55 796.17

TOTAL 688.72 824.31 1,094.53

Cash of USD 116 million has been invested by PH with Hinduja Bank, Geneva.

With the full consent from PH, the same is further invested by Hinduja Bankas under:

Name of the Bank Amt ($m) Amt (Rs.Cr)Bank of Baroda, London 71 361 SBI, Hongkong 20 102 IndusInd Bank, India 25 127 Total 116 590

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Revenue Distribution – FY 09

Revenue distribution - by Geography

38%

17%0%

45%

India Manila Mauritius NA

Revenue Exposure - by Currency

45%

17%

38%

Local US Earnings India DomesticExports - USD

Revenue - by Billing Currency

83%

17%

USD INR

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Customer Concentration

Revenue Concentration

13%

45%

68%

83%

15%

46%

67%

83%

0%

20%

40%

60%

80%

100%

Top Customer Top 5 Customers Top 10Customers

Top 20Customers

FY 07-08 FY 08-09

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Revenue Split – by Vertical

Vertical-wise Revenue

6.1% 4.7%

15.3%

5.5% 5.0%

12.2%

30.6%

22.9%20.4%

28.8%

23.3%25.1%

0%

10%

20%

30%

40%

50%

Telecom &Technology

Consumer Elec,Products, Svcs &

Retail

Health Insurance,Pharma &Healthcare

BFS Chemicals &Biotech

Others

Mar-08 Mar-09

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Revenue Movement - Top 5 Clients

13.3% 13.6%

7.0%5.0% 5.5%

16.4%

12.6%

7.2% 6.6%5.1%

0.0%

5.0%

10.0%

15.0%

20.0%

A - Health Ins. B- Telecom C- Telecom D - Health Ins. E - Cons. Electronics

Mar-08 Mar-09

Our Top 5 Clients

9 yrs

9 yrs

21 yrs6 yrs

4 yrs

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Global Headcount

Head Count - By Geography

6961

99539299

1788

12652

10238

13787

1524 1468 15651784 1765

-

2,500

5,000

7,500

10,000

12,500

15,000

17,500

India Manila US Total

Mar-07 Mar-08 Mar-09

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Thank You