One97 is India’s 10th Fastest Growing Technology Company in Deloitte’s Technology Fast 50 India 2009 Ranking

New Delhi, Delhi, India, Thursday, December 17, 2009 -- (Business Wire India)

One97 Communications ranks 10th in the list of fastest growing technology companies in India by Deloitte Touche Tohmatsu Asia Pacific as part of the Technology Fast 50 India 2009 Program. The program awards and recognizes the 50 fastest growing technology companies in India based on their percentage revenue growth over the past three financial years. One97 has recorded a growth of 435 percent over the last three years. One97 also ranked 78 on Deloitte’s Technology Fast 500 Asia Pacific 2009 Program, which ranks the regions fastest growing technology companies.

Vijay Shekhar Sharma, Founder and Managing Director One97 Communications says, “The award places greater responsibility and trust in One97 and we want to make sure that this trust grows as One97 continues to grow.” Vijay added, “It is simply because we love what we do and love it so much that we keep creating higher benchmarks for ourselves to better.”

“Because Deloitte Technology Fast 500 Asia Pacific measures sustained revenue growth over three years, being one of the 500 fastest growing technology companies in Asia Pacific is an impressive achievement,” said Yoshitaka Asaeda, Partner in charge of Deloitte’s Technology Fast 500 Asia Pacific program. ”One97 deserves a lot of credit for its remarkable growth.”

Based on an analysis by vertical, the software segment has been the top contributor over the last 3 years. This year, the composition of software is an astounding 80% comprising, inter alia, a significant proportion of

-- Software product companies driven by few sunrise segments like Mobile Value Added Services (MVAS), telecom applications and Outsourced Product Development

-- Traditional IT/ITES companies with broad based services offering and companies in Security & Infrastructure Management Services

The report adds that the last one year or so has been a difficult period for businesses across the globe. Even as market confidence was ebbing, the companies that feature on the list of Deloitte Tech Fast 50 showed clear signs of resilience and growth to create a niche for themselves. The companies showed great resolve to register exemplary performance at the time of economic downturn.

“We applaud the vision, commitment and competence evident in all of the winning companies of the Technology Fast 50 India 2009 program,” it adds.

The Technology Fastest 50 report also says that a survey of CEOs of the Technology Fast 50 India nominated companies delivers a clear message, that despite numerous challenges, CEO’s successfully grew their businesses through a combination of mergers and acquisitions and a strong focus on organic growth. The Technology Fast 50 programs are also independently conducted by Deloitte in other Asia Pacific countries like Australia, China, Japan, Korea, Indonesia and New Zealand. All eligible nominations for the Technology Fast 50 programs automatically qualify for participation in the Deloitte Technology Fast 500 Asia Pacific program which recognizes 500 fastest growing technology companies in the Asia Pacific region. Participating companies encompass all technology industry segments including Software, Telecommunications / Networking, Computers / Peripherals, Internet, Semiconductor, Biotechnology / green technology, media and entertainment.

About One97 Communications

One97 is India’s leading telecom application services provider with the most widely deployed applications platform reaching 100% mobile users in India. Every month over 300 million unique telecom subscribers perform over 5 billion transactions on this platform. Collaborating closely with telecom operators One97 works to enhance their revenues and profitability. One97’s offerings include content, communication and community applications to consumers and enterprises. Headquartered in New Delhi and funded by Intel Capital, SAIF Partners and SVB One97 thrives on disruptive innovation in telecom application space.

More information on One97 is available on www.one97world.com