HCL strengthens its BFSI system integration portfolio

New Delhi

May 7, 2008

HCL Infosystems announced the acquisition of Natural Technologies Pvt Ltd (NTPL).

With three decades of providing ICT Infrastructure solutions and services
into the BFSI sector across the country, the acquisition of niche products from
NTPL, will further help consolidate HCL's leadership position in this sector.

JV Ramamurthy, COO, HCL Infosystems said, “This acquisition will strengthen
our range of offerings into the BFSI segment and is part of our vision of 'Transforming
HCL.' He further added that HCL will be developing the facility at Jaipur into
a Banking 'Center of Excellence.' This center will build products for the
cooperative and rural banking sector and the newly emerging financial inclusion
sector.”

Commenting on the acquisition, Ripu Dhaman, MD, NTPL said, “This
collaboration between HCL Infosystems and NTPL will reinforce HCL's focus on
system integration in the BFSI domain through our niche banking infrastructure
and bilingual solutions. We are a niche player in the banking software-related
product segment and there exist great synergies between us in the BFSI segment.
NTPL's product range will enhance HCL's existing range of offerings.”