ACCELYA SOLUTIONS INDIA LIMITED — Interim / Quarterly Report 2022

Oct 26, 2021

Accelya Solutions India Limited

26th October, 2021

The Manager, Listing Department National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G - Block, Bandra Kuria Complex, Bandra East, Mumbai 400 051

801, Tower A, Embassy 247 Park LBS Marg, Vikhroli (W), Mumbai 400 083, India CIN: L74140PN1986PLC041033 Deputy General Manager, T: +91 226856 8888 Corporate Relationship Department BSE Limited Phiroze Jeejeebhoy Towers, Dalai Street, Fort, Mumbai 400 001

Scrip code: 532268

Dear Sir/ Madam,

Scrip code: ACCELYA

Sub: Outcome of Board Meeting

Pursuant to Regulation 33 read with Regulation 30 and Schedule III to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith:

• Consolidated unaudited financial results and Standalone unaudited financial results of the Company for the quarter ended 30th September, 2021 which have been approved in the meeting of the Board of Directors held on Tuesday, 26th October, 2021.
• Limited Review Report of the statutory auditors on the Consolidated unaudited financial results and Standalone unaudited financial results.

Kindly take the above on record.

Thanking you,

For Accelya Solutions India Limited

Ninad t mr ikar Company Secretary

End: As above

accelya.com Regd. Office: Accelya Enclave, 685/ 26 & 2C, rt Floor, Sharada Arcade, Satara Road, Pune 411037, India T +91 20 66083777 F +91 20 2423 1639

ACCELYA SOLUTIONS INDIA LIMITED

Registered Office: Accelya Enclave, 685/28 & 2C, 1st Floor, CIN:174140PN1986PLC041033 Tel: +91-20-6608 Email: acaelyalndia.investors@accelya.com Sharada Arcade, Satara Road, Pune - 411 037 3777 Fax: +91-20-24231639 Website: w3.accelya.corn

STATEMENT OF CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED 30 SEPTEMBER 2021

(Rupees Lakhs except per share data)
		Quarter Ended			Year Ended
Sr.No.	Particulars	30 September 2021	30 lune 2021	30 September 2020	30 June 2021
		(Unaudited)	(Unaudited Note 3)	(Unaudited Nate 4)	(Audited)
I	Revenue from operations
a	Income from operations	8,519.41	8,561.46	5,921.82	28,992.30
b	Other operating revenue	7.64	11.07	17.58	44.28
	Total Revenue from operations (a+b)	8,527.05	8,572.53	5,939.40	29,036.58
II	Other income	197.50	240.69	400.76	1,066.92
III	Total income ii + II)	8,724.55	8,813.22	6,340.16	30,103.50
IV	Expenses:
	Employee benefits expense	3,484.13	3,131.16	3,031.22	11,991.48
	Finance costs	98.43	104.18	125.49	445.31
	Depreciation and amortisation expenses	855.65	830.86	893.66	3,398.42
	Other expenses	2,367.69	2,243.46	1,813.84	8,490.76
	Total expenses (IV)	6,805.90	6,309.66	5,864.21	24,325.97
V	Profit before exceptional items and tax fill - IV)	1,918.65	2,503.56	475.95	5,777.53
VI	Exceptional items
VII	Profit before tax (V - VI)	1,918.65	2,503.56	475.95	5,777.53
VIII	Tax expense:
	Current tax	473.27	633.99	387.72	1,570.06
	Deferred tax charge/ (credit)	22.64	33.72	(116.38)	(12.63)
IX	Profit for the period from continuing operations (VII.
	VIII)	1,422.74	1,835.85	204.61	4,220.10
X	Profit from discontinued operations
XI	Tax expense of discontinued operations
XII	Profit from discontinued operations (after tax) (X-XI)	-	-	-
XIII	Profit for the period (IX + Xii)	1,422.74	1,835.85	204.61	4,220.10
XIV	Other Comprehensive Income
	Items that will not be reclassified to profit or loss
	Remeasurements of defined benefit obligation	(0.74)	(9.56)	9.23	80.84
	Income tax relating to above item	0.19	2.40	(2.32)	(20.35)
	Items that will be reclassified to profit or loss
	Exchange differences on translation of foreign
	operations	(123.92)	106.17	32.24	324.59
	Total Other Comprehensive income/ (loss)	(124.47)	99.01	39.15	385.08
xv	Total Comprehensive Income for the period (XIII +
	XIV)	1,298.27	1,934.86	243.76	4,605.18
XVI	Paid up Equity Share Capital (Face value of Rs. 10 each)	1,492.69	1,492.69	1,492.69	1,492.69
XVII	Other equity				22,363.81
XVIII	Earnings per Equity Share (Face value of 55. 10 each)
	(for the period - not annualized):
	Basic	9.53	12.30	1.37	28.27
	Diluted	9.53	12.30	1.37	28.27
	See accompanying notes to the consolidated financial results

	Notes to the consolidated financial results
	1 The unaudited consolidated Financial Results for the quarter ended 30 September 2021 were reviewed by the Audit Committee and were approved by theBoard of Directors in its meeting held on 26 October 2021.
	2 The Statement has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "InterimFinancial Reporting" ("Ind AS 34") prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules thereunder and the terms of the SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
	The figures for the quarter ended 30 June 2021 are the balancing figures between audited figures in respect of the full financial year and the publishedunaudited year to date figures upto third quarter.
	4 The Ind AS financial results of the Group for the quarter ended 30 September 2020, were reviewed by B SR & Co. LLP Chartered Accountants, the then statutoryauditors of the Group, who had expressed an unqualified conclusion.
	5 Based on the "management approach" as defined in Ind AS 108-Operating Segments, the Chief Operating Decision Maker evaluates the Group's performance asa single business segment namely travel and transportation vertical.
	6 The Group is closely monitoring the impact on its customers on account of the COVID 19 Pandemic and the impact of external factors. At present, the Groupdoes not foresee any material adverse impact in the demand for the software solutions and the Group is well positioned to fulfil its obligations relating tocooing contracts / arrangements. The Management has taken into consideration internal and external sources of information in determining the impact onvarious elements on its financial results.
Management continuously monitors the market dynamics and keeps evaluating events that have impact on the airline and travel industry. Management hasused the principle of prudence in applying judgements, estimates and assumptions including sensitivity analysis and based on the current estimates, theManagement expects to fully recover the carrying amount of trade receivables including unbilled receivables and other current and non-current assets.
	Management believes that it has taken into account all possible impact of known events arising from COVID 19 pandemic in the preparation of these financialresults. The eventual outcome of impact of the global pandemic may be different from those estimated as on the date of approval of these financial results.Management has assessed the impact of existing and anticipated effects of COVID 19 pandemic on the future cash flow projections considering variousscenarios. The Group believes that it shall be able to meet its commitments and in addition, the funds are expected to be generated from its operating activities.To manage the impact on profitability resulting from reduced revenues due to COVID 19, the Group has implemented various cost control measures across theorganization to conserve cash to address any uncertainties in evolving situations.Based on the aforesaid assessment the Management strongly believes that as per estimates made conservatively, it will continue as a going concern.
	7 The Board of Directors in their meeting held on 05 August 2021 have recommended a final dividend of Rs 17 per equity share, subject to the approval ofshareholders.
	8 Figures for the previous periods/ year have been regrouped/ reclassified wherever necessary to make them comparable.
	9 The financial results of the Company on a standalone basis for the quarter ended 30 September 2021 are summarised below.
	(Rupees Laiihs)
	Particulars	30 September ion	Quarter Ended30 aunt 2021	30 September 2020	Year Ended30 June 2021
		(Unaudited)	(Unaudited Note 3)	(Unaudited Note a)	(Audited)
	Revenue from operations	7,544.96	7,390.80	5,181.88	25,101.04
	Profit before tax	2,067.52	2,372.01	1,147.95	5,875.22
	Profit for the period	1,626.45	1,756.54	907.03	4,519.34
				' i <4 ;:-',.. s -:Shrimanikandan An	4.)For AcceltA9 • ns India , '• •,<br>r, r — ,- - , •s .`,<br>•P'l- ,an
Place:	Mumbai				Mantreater
Date	: 26 October 2021				IN: 09192936

Deloitte Haskins & Sells LLP

Chartered Accountants One International Center Tower 3, 27th-32nd Floor Senapati Bapat Marg Elphinstone Road (West) Mumbai-400 013 Maharashtra, India

Tel: +91 22 6185 4000 Fax: +91 22 6185 4101

INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM CONSOLIDATED FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF ACCELYA SOLUTIONS INDIA LIMITED

• 1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of ACCELYA SOLUTIONS INDIA LIMITED ("the Parent-) and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group") for the quarter ended 30 September 2021 ("the Statement-) being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
• 1. This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" (-Ind AS 34-), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
• 1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India (ICAI). A reviev, of interim financial information consists of making inquiries, primarily of Parent's personnel responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under Section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
• 1. The Statement includes the results of the following entities:
  • Accelya Solutions India Limited, the Parent
  • Accelya Solutions UK Limited, the subsidiary
  • Accelya Solutions Americas Inc, the subsidiary
  • Kale Consultant Employees Welfare Trust, Controlled Trust
• 1. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEB1 (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.
• 1. The financial information of the Group for the quarter ended 30 September 2020 prepared in accordance with Ind AS included in this Statement has been reviewed by the predecessor auditor. The report of the predecessor auditor on these financial information for the quarter ended 30 September 2020 dated 27 October 2020 expressed an unmodified conclusion.

Our conclusion on the Statement is not modified in respect of this matter.

For DELOITTE HASKINS & SELLS LLP

Chartered Accountants (Firm's Registration No. 11736 /W-100018)

/Al Joe Pretto

(Partner) (Membership No. 77491) (UD1N:2 107 pot Am =La:a )

Place: MUMBAI Date: 26 October 2021

ACCELYA SOLUTIONS Registered Office: Accelya Enclave, 685/213 & 2C, 1st Floor, CIN:1.74140PN1986PLC041033 Tel: +91-20-6608 Email: acccelyalndia.investors@accelya.com INDIA LIMITED Sharada Arcade, Satara 3777 Fax: *91-20-24231639 Website: w3.accelya.com Road, Pune - 411 037

STATEMENT OF STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED 30 SEPTEMBER 2021

	except per share data)(Rupees Lakhs
	Quarter Ended			Year Ended
Sr.No.	Particulars	30 September 2021	30 June 2021	30 September 2020	30 June 2021
		(Unaudited)	(Unaudited Note 3)	(Unaudited Note 4)	(Audited)
I	Revenue from operations
	Income from operations	7,544.96	7,390.80	5,181.88	25,099.81
b	Other operating revenue				1.23
	Total Revenue from operations (a-fb)	7,544.96	7,390.80	5,181.88	25,101.04
	Other income	563.33	263.80	1,180.16	1,876.26
II			7,654.60	6,362.04	26,977.30
III	Total income (I .1. III	8,10829
IV	Expenses:
	Employee benefits expense	3,382.24	2,970.52104.18	2,933.63125.19	11,454.72446.99
	Finance costsDepreciation and amortisation expenses	98.43855.25	830.07	884.75	3,384.53
	Other expenses	1,704.85	1,377.42	1,270.52	5,805.84
	Total expenses (IV)	6,040.77	5,282.59	5,214.09	21,102.08
V	Profit before exceptional items and tax (III - IV)	2,067.52	2,372.01	1,147.95	5,875.22
VI	Exceptional items
VII	Profit before tax (V - VI)	2,067.52	2,372.01	1,147.95	5,875.22
VIII	Tax expense:
	Current tax	018.73	579.84	357.67	1,367.69
	Deferred tax charge/ (credit)	22.34	35,63	(116.75)	(11.81)
IX	Profit for the period from continuing operations (VII
	VIII)	1,626.45	1,756.54	907.03	4,519.34
x	Profit from discontinued operations
XI	Tax expense of discontinued operations		-
XII	Profit from discontinued operations (after tax) (X-XI)
XIII	Profit for the period (IX ., Xil)	1,626.45	1,756.54	907,03	4,519.34
xiv	Other Comprehensive Income
	Items that will not be reclassified to profit or loss"measurements of defined benefit obligation	(0.74)	(9,56)	9.23	80.84
	Income tax relating to above item	0.19	2.00	(2.32)	(20.35)
	Items that will be reclassified to profit or loss
	Total Other Comprehensive (loss)/ income	(0.55)	(7.16)	6.91	60.49
XV
	Total Comprehensive Income for the period (XIII* XIV)	1,625.90	1,749.311	913.94	4,579.83
XVI
	Paid up Equity Share Capital (Face value of Rs. 10 each)	1,492.69	1,492.69	1,492.69	1,492.69
XVII	Other equity				21,457.22
XVIII	Earnings per equity share (Face value of Rs. 10 each)
	(for the period-not annualized):
	Basic	10.90	11.77	6.08	30.28
	Diluted	10.90	11.77	6.08	30.28
	See accompanyingnotes to the standalone financial results

	Notes to the standalone financial results
	1 The unaudited standalone Financial Results for the quarter ended 30 September 2021 were reviewed by the Audit Committee and were approved by the Board ofDirectors in its meeting held on 26 October 2021.
	2 The Statement has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim FinancialReporting" ("Ind AS 34') prescribed under Section 133 of the Companies Act, 2013 read with the relevant ruks thereunder and the terms of the SEBI (Listing Obligationsand Disclosure Requirements) Regulations, 2015, as amended.
	3 The figures for the quarter ended 30 rune 2021 are the balancing figures between audited figures in respect of the full financial year and the published unaudited year todate figures upto third quarter.
	4 The Ind AS financial results of the Company for the quarter ended 30 September 2020, were reviewed by B S R & Co. LIP Chartered Accountants, the then statutoryauditors of the Company, who had expressed an unqualified conclusion.
	5 Based on the "management approach" as defined in Ind AS 108-Operating Segments, the Chief Operating Decision Maker evaluates the Company's performance as asingle business segment namely travel and transportation vertical.
	6 The Company is closely monitoring the impact on its customers on account of the COVID 19 Pandern, and the impact of external factors. At present, the Company doesnot foresee any material adverse impact in the demand for the software solutions and the Company is well positioned to fulfil its obligations relating to existing contracts/ arrangements. The Management has taken into consideration internal and external sources of information in determining the impact on various elements on its financialresults.
	Management continuously monitors the market dynamics and keeps evaluating events that have impact on the airline and travel industry. Management has used theprinciple of prudence in applying judgements, estimates and assumptions including sensitivity analysis and based on the current estimates, the Management expeMs tofully recover the carrying amount of trade receivables including unbilled receivables and other current and non-current assets.
	Management believes that it has taken into account all possible impact of known events arising from COVID 19 pandemic in the preparation of these financial results. Theeventual outcome of impact of the global pandemic may be different from those estimated as on the date of approval of these financial results. Management hasassessed the impact of existing and anticipated effects of COVID 19 pandemic on the future cash flow projections considering van ous scenarios. The Company believesthat it shall be able to meet its commitments and in addition, the funds are expected to be generated from its operating activities. To manage the impact on profitabilityresuking from reduced revenues due to COVID 19, the Company has implemented various cost control measures across the organization to conserve cash to address anyuncertainties in evolving situations.
	Based on the aforesaid assessment the Management strongly believes that as per estimates made conservatively, it will continue as a going concern.
	7 The Board of Directors in their meeting held on 05 August 2021 have recommended a final dividend of Rs 17 per equity share, subject to the approval of shareholders.
	8 Other Income for the quarter ended 30 September 2021 includes As, 367.5 lakhs as dividend received from subsidiary.
	9 Figures for the previous periods/ year have been regrouped/ reclassified wherever necessary to make them comparable./•('ONs,:.,10dFor Adans InI0 ,er'l-•-.`,
Place:	,.thanShrimanikand Afatotabgb,ectorgMumbai
Date :	919293626 October 2021

Deloitte Haskins & Sells LLP

Chartered Accountants One International Center Tower 3, 27th-32nd Floor Senapati Bapat Marg Elphinstone Road (West) Mumbai-400 013 Maharashtra, India

Tel: +91 22 6185 4000 Fax: +91 22 6185 4101

INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM STANDALONE FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF ACCELYA SOLUTIONS INDIA LIMITED

• We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of ACCELYA SOLUTIONS INDIA LIMITED ("the Company'), for the quarter ended 30 September 2021 ("the Statement-), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
• This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting- ("Ind AS 34-), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
• We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India (ICAO. A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
• Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.
• The financial information of the Company for the quarter ended 30 September 2020 prepared in accordance with Ind AS included in this Statement has been reviewed by the predecessor auditor. The report of the predecessor auditor on these financial information for the quarter ended 30 September 2020 dated 27 October 2020 expressed an unmodified conclusion.

Our conclusion on the Statement is not modified in respect of this matter.

For DELOITTE HASKINS & SELLS LLP Chartered Accountants (Firm's Registration No. 117366W/W-100018)

Joe Pretto

(Partner) (Membership No. 77491) (UDIN:2-10 77.9q/ AM.DWitilt)

Place: MUMBAI Date: 26 October 2021

Accelya Solutions India Limited 801, Tower A, Embassy 247 Park LBS Marg, Vikhroli (W), Mumbai 400 083, India CIN: L74140PN1986PLC041033 T: +91 226856 8888

26th October, 2021

The Manager, Listing Department National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G - Block, Bandra Kurla Complex, Bandra East, Mumbai 400 051 Scrip code: ACCELYA

Deputy General Manager, Corporate Relationship Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai 400 001 Scrip code: 532268

Dear Sir/ Madam,

Sub: Press Release

We enclose a Press Release titled Accelya Solutions' Consolidated Income for 01 at Rs. 852.71 Million."

Kindlytakethe aboveon record.

Thanking you,

For Accelya Solutions India Limited

Ninad Umratikar Company Secretary Membership No.: A14201

End: As above

accelya.com Regd. Office: Accelya Enclave, 685/ 26 & 2C, 1St Floor, Sharada Arcade, Satara Road, Pune 411037, India T4-91 20 66083777 F 4-91 20 2423 1639

Accelya Solutions India Limited 801, Tower A, Embassy 247 Park LBS Marg, Vikhroli (W), Mumbai 400 083, India CIN: L74140PN1986PLC041033 T: +91 226856 8888

Accelya Solutions' Consolidated Income for Q1 at Rs. 852.71 Million

Mumbai, 26' October 2021: Accelya Solutions India Limited, an Accelya Group company and a leading provider of financial and commercial solutions to the Airline and Travel industry, has recorded consolidated operating income of Rs. 852.71 million for the quarter ended September 2021 compared to Rs. 857.25 million for the quarter ended June 2021. The Consolidated PAT stood at Rs. 142.27 million compared to Rs. 183.59 million for the quarter ended June 2021.

For the quarter ended September 2020, the consolidated operating income and PAT stood at Rs. 593.94 million and Rs. 20.46 million respectively.

Mr. Shrimanikandan Ananthavaidhyanathan, Managing Director, Accelya Solutions said, "There has been a gradual recovery in travel globally which is reflected in our business performance. Our consolidated operating income and PAT for the quarter ended September 2021 have increased considerably compared to corresponding quarter of previous year. We are working towards returning to office in coming months."

Accelya Solutions provides comprehensive financial and business intelligence solutions to the airline industry. Accelya's solutions are available as hosted and outsourced in pay-per-use models. These innovative models are beneficial for customers since they reduce upfront capital investments. The return on investment on the pay-per-use model is quite fast since the business benefits of the solution pays for itself. Accelya Solutions thereby partners with customers in sharing risks and rewards.

accelya.com Regd. Office: Accelya Enclave, 685/ 28 & 2C, rt Floor, Sharada Arcade, Satara Road, Pune 411037, India T +91 20 66083777 F +91 20 2423 1639

About Accelya Solutions

Accelya Solutions India Limited is part of the Accelya Group. Visit us at: https://w3.accelya.com/investor-relations

About Accelya Group

Accelya is a leading global provider of technology platforms, software and services to the travel and transport industry. Accelya has been delivering business-critical financial, commercial, cargo and analytics solutions for more than 40 years. The company has over 250 airline customers, operations spread across 11 countries, and employs over 2,500 professionals worldwide.

Accelya offers a modular suite of technology solutions for air travel, from offer to settlement, solving critical business problems for airlines, travel agents and industry bodies such as IATA.

Accelya's solutions are organized around customers' key functions including commercial planning and optimization, sales and distribution management, and financial reconciliation and settlement. Paramount to Accelya's success is the exceptional breadth of understanding of industry data which enables the delivery of insightful and reliable solutions that reduce process friction in a complex inter-dependent industry.

For more details visit w3.accelya.com.

For additional information, please contact:

Uttamkumar Bhati

Chief Financial Officer Accelya Solutions India Limited Tel: +91-22-68568888 INVESTORS: Email: acccelyalndia.investors@accelya.com MEDIA: Email: media@accelya.com

Safe Harbor:

Certain statements in this release 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 IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame 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, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capitol or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. 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.