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Manthan Systems among the Fastest Growing Technology Company on the Deloitte Technology Fast 500 Asia Pacific 2008.

12 Dec 2008 , Bangalore, India Attributes its 386% Revenue Growth to an integrated business portfolio, customer centric mode and excellence & innovation led business practices. Manthan Systems, a leading software provider of retail analytics and business intelligence solutions was recognised among the Fastest Growing Technology Companies by Deloitte Touche Tohmatsu second year in a row. Manthan ranked 137th on the Deloitte Technology Fast 500 Asia Pacific 2008, a ranking of the 500 fastest growing technology companies in Asia Pacific. These rankings are based on percentage revenue growth over three years. Manthan’s CEO, Mr. Atul Jalan, credits an integrated business portfolio, customer centric mode and excellence & innovation led business practices with the company’s 386% revenue growth over the past five years. Excited at this win he said "The award is a reinforcement of the robustness of our business proposition and model, also validated through our sustained exponential growth. Our ‘blue ocean strategy of Retail BI focus, and our best-of-breed products and solutions across the retail decision making spectrum makes us extremely endearing to our customers”. “Attracting enough customers to attain such fast growth over three years makes a strong statement about the quality of a company’s product and its leadership,” said Ian Thatcher, partner in charge of Deloitte’s Technology Fast 500 Asia Pacific program. “Manthan Systems has shown the right stuff for growth.” In addition to ranking on Deloitte’s Technology Fast 500, Manthan also ranked 19th on the India Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in Region. Technology Fast 500 Asia Pacific selection and qualifications The Technology Fast 500 list is compiled from Deloitte’s Technology Fast 50 Asia Pacific programs, nominations submitted directly to the Technology Fast 500, and public company database research. To qualify for the Technology Fast 500, entrants must have had first year operating revenues of at least US$50,000. Entrants must also be public or private companies headquartered in Asia Pacific and must be a “technology company,” defined as a company that owns proprietary technology that contributes to a significant portion of the company's operating revenues; Manufactures a technology related product, or devotes a significant proportion of revenues to the research and development of technology. About Deloitte “Deloitte” is the brand under which tens of thousands of dedicated professionals in independent firms throughout the world collaborate to provide audit, consulting, financial advisory, risk management and tax services to selected clients. These firms are members of Deloitte Touche Tohmatsu, a Swiss Verein (“DTT”). Each member firm provides services in a particular geographic area and is subject to the laws and professional regulations of the particular country or countries in which it operates. DTT helps coordinate the activities of the member firms but does not itself provide services to clients. DTT and the member firms are separate and distinct legal entities, which cannot obligate the other entities. DTT and each DTT member firm are only liable for their own acts or omissions, and not those of each other. Each DTT Member Firm is structured differently in accordance with national laws, regulations, customary practice and other factors, and may secure the provision of professional services in their territories through subsidiaries, affiliates and/or other entities. Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu and its Member Firms.

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