Released on = July 22, 2007, 11:55 pm

Press Release Author = Netscribes (www.netscribes.com)

Industry = Management

Press Release Summary = Kolkata center to compliment company's aggressive expansion
plans through organic and inorganic routes



Press Release Body = July 23, 2007 Mumbai: Netscribes, Inc. (www.netscribes.com), a
pioneering knowledge consulting and solutions firm today announced the opening of
its second operations center in Kolkata after its current center in Mumbai, India.
The new center will function as a high-end outsourcing hub for global clients in the
areas of financial and business consulting, research & analytics, corporate
intelligence and content management.

The Kolkata center, situated in the heart of the city off Park Street, will mirror
and compliment the company's Mumbai center capabilities and will comprise of over
130 business and financial analysts, custom content creation professionals and
knowledge consultants over the next 12 months. The company has plans to scale up the
Kolkata facility to over 300 analysts over the next 3 years. The company-owned
facility is situated in the key business district of Park Street and will act as a
knowledge hub for its key global and Indian clients. It is linked to Mumbai
virtually.

Inaugurating the facility, Sourav Mukherjee, Founder & CEO, Netscribes, Inc. said,
"We chose Kolkata over other cities because the city offers value-for-money
infrastructure with global connectivity. Improved lifestyle facilities and high-end
intellectual talent with strong English language skills also make Kolkata conducive
to the global solutions the firm offers. Not to forget the very proactive and
industry friendly environment in the state. "

The firm is currently completing its first phase of recruitments and is actively
scouting for top-end resources to meet the stringent demands of its global clients.
The firm traditionally employs only best-of-breed MBAs, BEs, CFAs, post-graduates
and exceptional graduates.

Commenting on the launch, Ramanan Raghavendran, nominee director of Insight Venture
Partners (the major PE investor at Netscribes) and co-founder & Managing Partner,
Kubera Partners, said, "I am delighted about Netscribes' second delivery center
after Mumbai. This is a seminal moment in the company's growth and is a harbinger of
the company's future prospects".

Recent reports show that Kolkata has 50% lower attrition rates and professionals are
much more focused in building careers. With the availability of a rich talent pool
of engineers, post graduates, MBA (finance and marketing) and CFAs/CAs, Netscribes
hopes to create a center of excellence in Kolkata. The city has a strong
professional education background having few of the most legendary and best academic
institutions.

"Netscribes' Kolkata center strategy is based on the high-end consulting & knowledge
outsourcing business model. We are not focused on the number of bodies like BPOs and
KPOs, but feel there is a market between the consultancy firms and the KPOs. This is
far more IPR-driven than seat or person-hour driven. Our growth mantra is clearly
profitability by providing high-end consultative solutions to clients. With the
Kolkata center in place, we are looking at growing aggressively with a talent pool
that can scale up skills wise and not only in numbers" added Mr. Mukherjee.

Netscribes works with few of the best Fortune 1000 clients across the globe. Some of
its clients include top-10 global investment banks, private equity firms, hedge
funds, global software services firms, large corporations and research & media
firms.

The company currently has over 60% of its revenues coming from US and Canada, over
15% from Europe and the rest from the Asia-Pacific region. It has active sales
presence across the world in the key geographies like the United States, Europe, the
Middle East, Asia-Pacific and India.

About Netscribes (www.netscribes.com)
Netscribes is a knowledge-outsourcing firm with clientele across the globe. The
company's expertise spans areas of investment & business research, business &
corporate intelligence and content-management services. At its core lies a true
value proposition, which draws upon a vast knowledge base. Netscribes is a
one-stop-shop designed to fulfill clients' profitability and growth objectives.





Web Site = http://www.netscribes.com

Contact Details = For further information and editorial queries, please contact:
Biswadeep Gupta
Senior Manager - Sales (India & Asia-Pac)
email: biswadeepg@netscribes.com
Mobile: +91 98203 71385
Direct: +91 22 66427525

Office # 1, 5th Floor, Trade Star
Sir. M.V.Road, Andheri (East)
Mumbai 400 059, India
Phone : +91 22 6642 7575
Fax : +91 22 6697 0535