Chennai, Tamil Nadu The Chennai based Bahwan CyberTek (BCT) a leading IT Product and Services organization, announced today that it would cross the Rs. 475 Crore mark turnover, by the end of this financial year (2009 - 2010). This growth is a reflection of BCTs ability to orchestrate and deliver a coherent value proposition to its customers. This achievement is especially noteworthy, in a year of global financial turmoil in fiscal 2009. The most significant development was that of Prof Mohanbir Sawhney coming on board of Bahwan Cyber Tek. This year also saw BCT move into its own premises in Chennai, with a Center of Excellence spread across 180,000 sq.ft area, the total investment being USD 9 million.

Addressing the media, Mr S. Durgaprasad, CEO, Bahwan CyberTek said \\\'We are very pleased with our performance over the last few years. We have seen good YOY growth, and with a lot of promising deals in the pipeline and we are confident of crossing the Rs. 600 crore mark by the end of the next financial year (2010 - 2011). Bahwan CyberTek has been growing more than the industry average and this gives us tremendous confidence of achieving even greater heights in the years to come. Another noteworthy development was the signing of pact with IIM Bangalore to provide management courses in Oman. Our focus in India includes BCTs products, Govt, BFSI, Energy and Utilities Industry verticals in addition to Enterprise application implementations for Manufacturing, Distribution and Retail segments

Bahwan CyberTek during the last couple of months has got excellent repeat orders from its customers like the extension it has received for 2 years in the execution of 4PL engagement in Oil & Gas sector for Petroleum Development Oman (USD 500 Million Dollar Contract). With this significant step, BCT has become a leader in the 4PL arena. BCT has also received orders from the Dubai Municipality, Union Cement Company and Beach Olympics etc, which will keep the company busy and help in the growth of the organization.

Within 10 yrs of operations, BCT has matured from people to project to product development and is one among the very few companies having its own standards based BPM platform with a repository of niche solutions built on it through its Cuecent suite for various Industry verticals. The company has gained leadership positions in the payment gate way space through its innovation states Mr. R.K. Shyam Sundar Executive Vice President-Global Centre of Excellence.

According to Mr VM Muralidharan, Chief Operating Officer, Over the last decade BCT has serviced many global clients, in the various industry verticals such as Government, BFSI, Energy and Utilities, with our Cuecent range of products & services. We have now decided to emulate this success in the Indian operations. We expect Indias share to be around 10-15% of BCTs total business in the next three years.

Notes to Editor

About Bahwan CyberTek

Established in 1999, Bahwan CyberTek Private Limited (BCT) has evolved to become one among the fastest growing IT Software Products and Services Companies in India. BCT has successfully transformed itself into a global provider of hybrid technology solutions. As an SEI CMMi level-5 company, BCT was selected by Red Herring as Asias Top 100 privately managed companies and ranked by Deloitte for the third consecutive year to be among the Fast 50 and Fast 500 fastest growing Technology and Media companies in India and APAC respectively. With over 1200 knowledge professionals, spread across US, Middle East, Africa & India, it has truly made a mark in this dynamic & seamless, globalization era.

Bahwan CyberTeks has a clientele of over 300 include leading Fortune 500 companies across the globe. The companys offerings cut across Strategy & Process Consulting, Knowledge  Business Process Outsourcing, Enterprise Application Development, Cuecent Product Suite, Infrastructure Management / Managed Services & Professional Services. BCT offers strategic business accelerators for verticals like BFSI, Government, Oil & Gas and Supply Chain Management & Logistics. It has successfully completed over 100 ERP Package implementations the world over and delivered large e-Gov projects in ME & Africa. It manages one of the best 4PL logistics through its Joint Venture with DHL.

BahwanCyberTek Safe Harbor

Certain statements in this press 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, our ability to create products and platforms that meet the requirements of our clients and consumers in general, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Bahwan CyberTek has m ade strategic investments, withdrawal of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Bahwan CyberTek may, from time to time, make additional written and oral forward-looking statements, including statements contained in the companys filings with the Securities and Exchange Commission and our reports to shareholders. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company.