Hyderabad - April 29, 2013 - Mahindra Satyam, a leading global consulting and IT services provider, announced that it has appointed Niraj Vedwa as the Global Head - Banking, Payments and Cards.

Niraj, has over 26 years of experience in the IT industry, and close to 16 years in BFSI (Banking, Financial Services & Insurance) area. At Mahindra Satyam he will be responsible to grow & support the existing businesses and also to strategize & incubate new service offerings in the above market segments.



Commenting on the appointment Ravi Vasantraj, Head - BFSI, Mahindra Satyam said, "Niraj brings to the table rich experience in the Banking and Financial Services vertical. His expertise will help the Mahindra Group to scale-up the operations and establish ourselves as a leader in BFSI space, as we foster innovation and deliver service excellence to our customers."

Niraj Wadva, Global Head - Banking, Payments and Cards, Mahindra Satyam said "I'm proud to be part of Mahindra Satyam at the time when it is at the threshold of becoming a global leader in the BFSI Services space. It will be my key focus area to develop innovative services offerings, acquire new customers and grow existing relationships."

Niraj, before joining Mahindra Satyam was with Temenos AG Switzerland, the Global Leader in Core Banking and Private Banking products, where he was the Director - Global Consumer Banking and Member of Management Board. Prior to Temenos, he was the Chief Operating Officer of Nucleus Software where he ran the company and 6 subsidiaries with P&L responsibilities.

Niraj is settled in India with his family and is a keen golfer & adventure sports enthusiast.

About Mahindra Satyam

Mahindra Satyam is a global business consulting and information technology services company leveraging deep industry and functional expertise, leading technology practices and a global delivery model to help businesses transform their processes and improve performance. The company's professionals excel in enterprise solutions, supply chain management, client relationship management, business intelligence, business processes, engineering and product lifecycle management, infrastructure services, among other services. The company has development and delivery centres in the United States of America, Canada, Brazil, the United Kingdom, Germany, France, Hungary, Egypt, United Arab Emirates, India, China, Malaysia, Singapore, and Australia and serves numerous clients, including many Fortune 500 organizations.

Mahindra Satyam is part of the USD 15.9 billion Mahindra Group. The Mahindra Group employs more than 155,000 people in over 100 countries and operates in key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology and vacation ownership.

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Safe Harbor

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Mahindra Satyam undertakes no duty to update any forward-looking statements.

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