Released on = October 3, 2006, 10:59 pm

Press Release Author = Bahwan CyberTek

Industry =

Press Release Summary = Bahwan CyberTek Pvt. Ltd. (BCT), a global provider of
diverse technology solutions and services announced that it is betting on India to
fuel its' attempt to grow exponentially over the next few years.Announces 1.8 lakh
sft Global Center of Excellence in Chennai

Investment in India to exceed Rs.150 crores



Press Release Body = Chennai, October 4, 2006: Bahwan CyberTek Pvt. Ltd. (BCT), a
global provider of diverse technology solutions and services announced that it is
betting on India to fuel its' attempt to grow exponentially over the next few years.
The company which recently won multi-million dollar long- term contracts including a
US$ 500 million (spread over multiple years) project from Petroleum Development of
Oman shared that the entire offshore component of its projects will now be driven by
the Indian facility. The new projects and the decision to centralize offshore
delivery out of India has led to the company opening a new 1.8 lakh sft Global
Center of Excellence at the entrance of the IT corridor in Chennai making it one of
the easily accessible IT parks in Chennai. Built to global standards, the new center
will be built by SAAG R R, a leading contracting company and can house over 1400
professionals. The new center will be ready for occupation by early 2008. Including
the investment in the new center, the company shared that its cumulative investments
in India till now will exceed Rs.150 crores. The investment will be met through
internal accruals and institutional financing, which has since been completed.



Addressing media persons, Shyam Sundar, Sr. Vice-president, BCT Group, said, "The
renewed focus and investments in India are due to two factors. The rapid growth of
BCT over the past two years which has necessitated the expansion and the success we
have had with our existing center in India which is already undertaking work that
drives 70% of our global revenues. With the new center and increased
responsibilities, it is only logical to expect this contribution to grow further in
the years ahead." "The choice of Chennai for the new facility is not surprising
considering the city is undoubtedly among the best places for technology companies
in India and is emerging as a close second to Bangalore interms of being a
technology industry hub. The expansion drive significantly enlarges our offshore
footprint in India and will allow us to serve more large customers with dedicated
development centers which will now be part of the new center," he further added.



The US$500 million contract signed with Petroleum Development of Oman is through a
joint venture of BCT with DHL Worldwide and is spread unevenly over five years.
Another long-term contract being executed by BCT is the setting up of a chain of
300 e-government service centers in Oman. "These projects coupled with the
increasing centrality of India to our global growth strategy has led to the new
center and increased investments," added Shyam Sundar.



Established in 1999, Bahwan CyberTek Pvt. Ltd. (BCT) has grown to being a global
provider of diverse technology solutions and services. The privately held company
was recently adjudged by Red Herring as Asia's Top 100 privately managed companies.
A SEI CMM 5 level company, BCT has marquee clientele like Webster Bank, JP Morgan
Chase, Emirates Bank, Charles Schwab, Britannia Industries, Hughes Telecom, Bank
Muscat, Petroleum Development of Oman, Capital One, Shell, and GE Capital to name a
few. The company's diversified offering spans Product Development, System
Integration, Business Transformation Outsourcing, Outsourced Application
Development, Migration and Customization, ITES, Training, Professional Services and
end-to-end Networking Solutions among others. Headquartered in Chennai, BCT has
regional presence in Mumbai and Bangalore in India apart from USA, Oman, UAE and
Bahrain. The 500 people company expects to grow this year at 35% over last year's
revenues of Rs. 167 crores. More information on BCT can be had from
http://www.bahwancybertek.com.



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