Released on: October 4, 2007, 11:02 pm

Press Release Author: Srah Jacob Tharakan

Industry:

Press Release Summary: KPIT Cummins (BSE: 532400; NSE: KPIT) has been Awarded the
Golden Peacock Award for Excellence in Corporate Governance 2007 from India in the
field of Information Technology among the 136 applicants. The award was received by
KPIT Cummins' Chairman & Group CEO Ravi Pandit at a special function attended by
business leaders, corporate governance experts and policy makers from 34 countries
in London

Press Release Body: KPIT Cummins Infosystems Ltd (BSE: 532400; NSE: KPIT), a niche
specialist partner for the Automotive, Semiconductor & F&A BPO industry, added yet
another feather in its cap by winning the prestigious Golden Peacock Award for
Excellence in Corporate Governance 2007 in the Information Technology category from
India.

The Golden Peacock Award for Excellence in Corporate Governance, instituted by the
'World Council for Corporate Governance' (WCFCG) and Institute of Directors (IOD),
is highly respected in the industry, and has been awarded to Pfizer (USA), Coca-Cola
(USA) and Scottish Power (UK) in the past.

The winners were selected through an elaborate multilevel and transparent assessment
process among the 136 applicants across India. The award was received by KPIT
Cummins' Chairman & Group CEO Ravi Pandit at a special function attended by business
leaders, corporate governance experts and policy makers from 34 countries in London
on 20th September, 2007.

"As much as growth and financial performance, we at KPIT Cummins have valued
corporate governance. Ethics, transparency in operations and social commitment are,
in our opinion, critical for the growth of a society. We believe every company
should contribute to it. It is indeed very satisfying to see that our efforts in
this regard have been recognized," said Pandit, after receiving the award in London.

The global award jury was chaired by former Prime Minister of Sweden by Dr Ola
Ullsten. Jury members included former Chief Justice of India Justice P N Bhagwati,
former Prime Minister of Netherlands Mr. Ruud Lubbers and founder Chairman of INSEAD
Mr. Olivier Giscard d\'Estaing. The first level assessment was carried out by a panel
of international assessors under the guidance of the chief examiner Pradeep
Chaturvedi.



Web Site: http://www.kpitcummins.com

Contact Details: Sarah Jacob Tharakan

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