1.  Basis of Accounting
 
 The financial statements have been prepared in accordance with Indian
 Generally Accepted Accounting Principles (IGAAP) under the historical
 cost convention on accrual basis. The IGAAP comprises Accounting
 Standards (AS) notifed under Companies Accounting Standards Rules,
 2006 by the Central Government of India under Section 211(3C) of the
 Companies Act, 1956, various pronouncements of the Institute of
 Chartered Accountants of India (ICAI), and the relevant provisions of
 the Companies Act, 1956 and guidelines issued by the Securities and
 Exchange Board of India (SEBI).
 
 Accounting policies have been consistently applied except where a newly
 issued Accounting Standard is initially adopted or a revision to an
 existing Accounting Standard requires a change in the accounting policy
 hitherto in use.  The Management evaluates all recently issued or
 revised Accounting Standards on an ongoing basis.
 
 2.  Use of estimates
 
 The preparation of financial statements in conformity with IGAAP
 requires management to make estimates and assumptions that affect the
 reported amount of assets, liabilities, revenues and expenses and
 disclosure of contingent liabilities on the date of financial
 statements. Examples of such estimates and assumptions include useful
 lives of fixed assets, Intangible assets, taxes, provision for doubtful
 debts, anticipated obligations under employee retirement plans, etc.
 The recognition, measurement, classification or disclosures of an item
 or information in the financial statements have been made relying on
 these estimates to a greater extent. Actual results could differ from
 those estimates.
 
 3.  Revenue Recognition
 
 Revenues are recorded net off all the applicable taxes.
 
 Direct revenue of the Company comprises the income from following
 principle activities:
 
 i. Technology Infrastructure Management Services - This represents
 Technology Integration and Management Services. Technology Integration
 activities include Technology Management services, turnkey Solutions
 for Technology Deployment, resales, leasing and Integration of Hardware
 / System Software/ Database Software/ Networking Products with or
 without one another. Revenue from Technology Integration is recognised
 on delivery to the customer and acknowledgement thereof, in accordance
 with the terms of the individual contracts.  Management Services
 represents amount charged for Facility Management Services, Maintenance
 upkeep of Hardware / System Software/ Database Software / Networking
 Products and consultancy thereon. Revenue from Management Services is
 recognised over the life of the contracts. Maintenance revenue on
 expired contracts on which services have continued to be rendered is
 recognised on renewal of contract or on receipt of payment.
 
 ii. Software Services - This represents charges for development of
 software for customer and sale of licenses of software and other
 products. Revenue from Software services is recognised when the
 software is developed and installed / delivered to the customers as per
 the terms of the contract. Revenue on sale of licenses of software and
 other products is recognised on delivery / installation, as the case
 may be.
 
 Indirect Revenue of the Company generally comprises the following
 items:
 
 i.  Interest Income - Interest Income is recognised based on time
 proportion and on gross basis.
 
 ii.  Dividend Income - Dividend Income is recognised when the Company''s
 right to receive dividend is established.
 
 iii. Rent Income - Rent on immovable properties is recognised on
 accrual basis as per the respective agreements with the parties.
 
 4.  Expenditure
 
 Expenses are accounted on the accrual basis and provisions are made for
 all known losses and liabilities.
 
 5.  Fixed assets, Intangible Assets, Capital Work-in Progress and
 Depreciation/Amortisation
 
 i. All fixed assets are stated at cost less accumulated depreciation.
 For this purpose cost includes purchase price and all other
 attributable costs of bringing the assets to working condition for its
 intended use.
 
 ii.  Intangible assets are stated at the consideration paid for
 purchase / acquisition less accumulated amortization.
 
 iii. Capital Work in Progress/ Intangible Assets undercapitalization
 include expenditure incurred /advances paid for acquiring fixed /
 Intangible assets and cost of assets not ready for intended use before
 the balance sheet date.
 
 iv. Depreciation on all assets is provided pro-rata to the period of
 use, under straight-line method, at rates prescribed in Schedule XIV of
 the Companies Act, 1956. Intangible assets including Technical Know how
 are amortised over their respective individual estimated useful lives
 (not exceeding five years) on a straight line basis, commencing from the
 date the asset is available for its intended use. Leasehold land is
 amortised over the life of the lease.
 
 6.  Borrowing Costs
 
 Borrowing Costs directly attributable to the acquisition or
 construction of fixed assets are capitalized for the period until the
 asset is ready for its intended use. Other borrowing costs are
 recognised as an expense in the period in which they are incurred.
 
 7.  Investments
 
 Trade Investments are investments made to enhance the Company''s
 business interest. Investments are either classifed as Long term or
 Current based on the Management''s intention at the time of purchase.
 Investments that are readily realizable and intended to be held for not
 more than a year are classifed as Current Investments. All other
 Investments are classifed as Long Term Investments. Long Term
 Investments are stated at Cost. A provision for diminution in value is
 made to recognise a decline, other than temporary, in the value of long
 term investments.  Current Investments, if any, are valued at lower of
 cost and net realizable value.
 
 8.  Inventories
 
 Inventories include stocks of Computer equipments, peripherals and
 traded software in respect of Infrastructure Management Services of the
 Company and the same is valued at lower of cost (net of provision for
 obsolescence) or net realizable value. Cost is determined on First In
 First Out (FIFO) basis.
 
 9.  Foreign exchange transactions
 
 Transactions in foreign currencies are generally recorded at the
 exchange rate prevailing on the date of the transaction.  Monetary
 items denominated in foreign currency and outstanding at the Balance
 Sheet date are translated at the exchange rate ruling on that date.
 Exchange differences on foreign exchange transactions are recognised in
 the Profit and loss account.
 
 Investments in overseas subsidiaries are recognised at the relevant
 exchange rates prevailing on the dates of allotment / investments.
 
 10.  Preliminary / Share Issue Expenses / Expenses on amalgamation
 
 Preliminary expenses are charged to the Profit and Loss Account in the
 year in which incurred. Share issue expenses are adjusted against
 Securities Premium Account as per Section 78(2) of the Companies Act,
 1956. Expenditure on amalgamation is adjusted against the capital
 reserve arising on amalgamation.
 
 11.  Accounting for Employee Benefits
 
 Staff Costs and Directors'' Remuneration include Short term employee
 benefits such as Salaries, allowances, incentives, and short term
 compensated absences etc. It also includes company contributions
 towards Defned Contribution plans and provisions for Defined Benefit
 plans.
 
 (a) Short Term Employee benefits
 
 Short term employee benefits are recognised in the period during which
 the services are rendered. Provision for unused entitlements in respect
 of compensated absences is made for on the basis of actuarial valuation
 made at the end of each financial year.
 
 (b) Post Employment benefits
 
 (i) Provident Fund (PF) & Employees'' State Insurance Scheme (ESIC)-
 Defned Contribution Plans
 
 Underthe Employees'' Provident Funds and Miscellaneous Provisions Act,
 1952 all eligible employees of the Company are entitled to receive
 benefits which is a Defned Contribution Plan. In addition, some
 employees of the Company are covered under ESIC Act, 1948, which is
 also a Defned Contribution Plan. Both these Plans are recognised and
 administered by the Statutory Authorities. Both the employees and the
 Company make monthly contributions to these plans. The Company''s
 contributions to these schemes are recognised as expense in the Profit
 and Loss Account during the period in which the employee renders the
 related service. The Company has no further obligation under these
 plans beyond its monthly contributions.
 
 (ii) Gratuity- a Defned benefit Plan
 
 The Company provides for Gratuity in accordance with the Payment of
 Gratuity Act, 1972, a Defned benefit Plan. The plan, subject to the
 provisions of the above Act, provides for lump sum payment to eligible
 
 employees at retirement, death, incapacitation or termination of
 employment, of an amount based on the respective employee''s salary and
 tenure of employment. Gratuity liability is accrued and provided for on
 the basis of an actuarial valuation on Projected Unit Credit Method
 made at the end of each financial year.  Actuarial gains / losses are
 recognised immediately to the Profit and Loss Account. In respect of
 Compulink Systems Limited which merged with the Company during the
 Financial year 2009-10, Gratuity benefits are administered by a Trust
 formed for this purpose through the Group Gratuity Scheme of the Life
 Insurance Corporation (LIC) of India. In respect of this fund, the
 adequacy of the accumulated funds available with the LIC has been
 confirmed on the basis of an actuarial valuation made at the year end
 and the provision has been made for the shortfall, if any.
 
 12.  Accounting for Taxes
 
 Tax expense comprises of Current and Deferred tax. Provision for
 Current tax is made in accordance with the relevant provisions of the
 Income -tax Act, 1961.
 
 Deferred tax resulting from timing differences between book and tax
 Profits is accounted for using the tax rates and laws that have been
 enacted or substantially enacted as on the balance sheet date. Deferred
 tax assets are recognised and carried forward only if there is a
 virtual/ reasonable certainty that the assets will be realised in
 future.
 
 13.  Impairment
 
 The carrying amounts of assets are reviewed at each balance sheet date
 to check any indication of impairment based on internal/external
 factors. Impairment Loss is recognised whenever the carrying amount of
 an asset is in excess of its recoverable amount. The Impairment Loss is
 recognised as an expense in the Statement of Profit and Loss and
 carrying amount of the asset is reduced to its recoverable value.
 
 14.  Provisions, Contingent Liabilities and Contingent Assets:
 
 The Company recognises a provision when there is a present obligation
 as a result of a past event that probably requires outfow of resources,
 which can be reliably estimated. Disclosures for contingent liability
 is made, without a provision in books, when there is an obligation that
 may, but probably will not (in the opinion of the management), require
 outfow of resources. Contingent Assets are neither recognised nor
 disclosed in the financial statements.
 
 15.  Earning per Share (EPS)
 
 The earning considered in ascertaining the Company''s EPS comprises the
 net profit after tax. The number of shares used in computing Basic EPS
 is the weighted average number of shares outstanding during the year
 duly adjusted for additional shares issued during the year, if any.
 
 The number of shares used in computing diluted EPS comprises the
 weighted average number of equity shares considered for deriving basic
 EPS, and also the weighted average number of equity shares that could
 have been issued on the conversion of all dilutive potential equity
 shares.
 
 Dilutive potential equity shares are deemed to be converted as of the
 beginning of the period, unless issued at a later date. The number of
 shares and potentially dilutive equity shares are adjusted for stock
 splits and bonus shares issued, if any.
 
 16.  Cash and Cash equivalents
 
 Cash and Cash equivalents in the balance sheet comprises cash at bank
 and in hand and short term investments with an original maturity of
 three months or less.
 
 17.  Cash Flow Statement
 
 Cash Flows are reported using the indirect method, whereby net Profits
 before tax is adjusted for the effect of transaction of non-cash nature
 and any deferrals or accruals of past or future cash receipts or
 payments. The cash fows from regular revenue generating, investing and
 fnancing activities are segregated.