I.  a) Basis of preparation
 
 The financial statements have been prepared and presented under the
 historical cost convention on the accrual basis of accounting and
 comply with the Accounting Standards (AS) as notified under the
 Companies Act, 1956.
 
 b) Use of estimates
 
 The preparation of the financial statements in conformity with
 generally accepted accounting principles (‘GAAP'') in India requires
 management to make estimates and assumptions that affect the reported
 amount of assets and liabilities and disclosure of contingent
 liabilities on the date of the financial statements. Management
 believes that the estimates made in the preparation of financial
 statements are prudent and reasonable. Actual future period''s results
 could differ from those estimates. Any revision to accounting estimates
 is recognised prospectively in current and future periods.
 
 II.  Significant Accounting Policies
 
 a) Revenue recognition
 
 Revenue from data analytics services and process solutions comprise of
 both time/unit price and fixed fee based service contracts. Revenue
 from time/unit price based contracts is recognised on completion of the
 related services and is billed in accordance with the contractual terms
 specified in the respective customer contracts. Revenue from fixed fee
 based service contracts is recognised on achievement of performance
 milestones specified in the customer contracts. Unbilled revenue
 represents costs incurred and revenue recognised on contracts to be
 billed in subsequent periods as per the terms of the contract.
 
 Revenue is recognised net of rebate. The rebate is accrued evenly based
 on the probability of achievement of the specified level of sales.
 
 Interest income is recognised using the time proportion method, based
 on rates implicit in the transaction.
 
 Dividend income is recognised when Company''s right to receive dividend
 is established.
 
 b) Fixed assets, depreciation and amortisation
 
 Fixed assets are stated at the cost of acquisition including incidental
 costs related to acquisition and installation less accumulated
 depreciation/amortisation. Fixed assets under construction, advances
 paid towards acquisition of fixed assets and cost of assets not ready
 for use before the year-end, are disclosed as capital work in progress.
 
 Depreciation/amortisation on fixed assets is provided under Written
 Down Value method at the rates specified in Schedule XIV to the
 Companies Act, 1956, except in respect of leasehold improvements which
 are amortised over the period of lease and computer software which are
 amortised over the estimated useful lives which generally do not exceed
 six years. Assets costing less than Rs. 5,000 are fully depreciated in
 the year of purchase.
 
 c) Investments
 
 Trade investments are the investments made to enhance the Company''s
 business interests. Investments are either classified as current or
 long-term based on the management''s intention at the time of purchase.
 Cost for overseas nvestments comprises the Indian Rupee value of the
 consideration paid for the investment.
 
 Long-term investments are carried at cost and provisions recorded to
 recognise any decline, other than temporary, in the carrying value of
 each investment. Current investments are carried at the lower of cost
 and fair value.
 
 Profit or loss on sale of investments is recorded on transfer of title
 from the Company and is determined as the difference between the sales
 price and the then carrying value of the investment.
 
 d) Impairment of Assets
 
 In accordance with AS 28 Impairment of Assets'' notified under the
 Companies Act, 1956, the carrying amounts of the Company''s assets are
 reviewed at each balance sheet date to determine whether there is any
 impairment. The recoverable amount of the assets (or where applicable,
 that of the cash generating unit to which the asset belongs) is
 estimated as the higher of its net selling price and its value in use.
 An impairment loss is recognised whenever the carrying amount of an
 asset or a cash generating unit exceeds its recoverable amount.
 Impairment loss is recognised in the Profit and Loss Account or against
 revaluation surplus where applicable.
 
 e) Retirement benefits
 
 Provident Fund
 
 All employees of the Company are entitled to receive benefits under the
 Provident Fund, which is a defined contribution plan. Both the employee
 and the employer make monthly contributions to the plan at a
 predetermined rate of the employees'' basic salary. These contributions
 are made to the fund administered and managed by the Government of
 India. The Company''s contributions are charged to Profit and Loss
 account on accrual basis. The Company has no further obligations under
 these plans beyond its monthly contributions.
 
 Gratuity
 
 The Company provides for gratuity benefit, which is a defined benefit
 plan, covering all its eligible employees.  Liability under gratuity
 plan is determined on actuarial valuation done by Life Insurance
 Corporation of India (LIC) during the year, based upon which the
 Company contributes to the scheme with LIC. The Company also provides
 for the additional liability over the amount determined by LIC based on
 an actuarial valuation done by an ndependent actuary as at the balance
 sheet date.
 
 Compensated Absences
 
 The employees are entitled to leave encashment. Provision for the
 liability of employee''s unutilised leave balances has been made based
 on an actuarial valuation carried out by an independent actuary as at
 the balance sheet date.
 
 f) Taxation
 
 Current taxes
 
 Current income-tax expense is recognised in accordance with the
 provisions of Indian Income Tax Act, 1961
 
 Minimum alternative tax (MAT) paid in accordance to the tax laws gives
 rise to future economic benefits in the form of adjustment of future
 income tax liability. The same is considered as an asset if there is
 convincing evidence that the Company will pay normal income tax after
 the tax holiday period. Accordingly, MAT credit is recognised as an
 asset in the balance sheet when it is probable that the future economic
 benefit associated with it will flow to the Company and the asset can
 be measured reliably.
 
 Deferred taxes
 
 Deferred tax assets and liabilities are recognised for the future tax
 consequences attributable to timing differences that result between the
 profits offered for income taxes and the profits as per the financial
 statements. Deferred tax assets and liabilities are measured using the
 tax rates and the tax laws that have been enacted or substantively
 enacted as at the balance sheet date.
 
 Deferred tax assets are recognised only if there is reasonable
 certainty that they will be realised and are reviewed for the
 appropriateness of their respective carrying values at each balance
 sheet date.
 
 g) Leases
 
 Operating Lease
 
 Aggregate of lease rentals payable under the non-cancellable operating
 lease arrangements (over the initial and subsequent periods of lease)
 are expensed to the Profit and Loss Account as computed under the
 straight line method.
 
 h) Foreign currency transactions
 
 Transactions in foreign currency are recorded at the exchange rate
 prevailing on the date of transaction. Net exchange gain or loss
 resulting in respect of foreign exchange transactions settled during
 the year is recognised in the Profit and Loss Account.
 
 Foreign currency denominated assets and liabilities at year end are
 translated at exchange rates as on that date and the resulting net gain
 or loss is recognised in the Profit and Loss Account.
 
 i) Forward contracts and options in foreign currencies
 
 Forward contracts are entered into to hedge the foreign currency risk
 of firm commitments or highly probable forecast transactions. The
 premium or discount on all such contracts arising at the inception of
 each contract is amortised as income or expense over the life of the
 contract. Any profit or loss arising on maturity, cancellation or
 renewal of forward contracts is recognised as income or as expense for
 the year.
 
 The premium on option contract is recognised as an expense over the
 life of the contract.
 
 j) Provisions and contingencies
 
 The Company creates a provision when there is present obligation as a
 result of a past event that probably requires an outflow of resources
 embodying economic benefits and a reliable estimate can be made of the
 amount of the obligation. A disclosure for a contingent liability is
 made when there is a possible obligation or a present obligation that
 may, but probably will not, require an outflow of resources. When there
 is a possible obligation or a present obligation in respect of which
 the likelihood of outflow of resources is remote, no provision or
 disclosure is made.