Related Party Transactions
 
 (Refer to Note No. 12 of Schedule 15 of the annual standalone financial
 statements.)
 
 List of related parties on which the Company is able to exercise the
 control.
 
 a) Subsidiaries
 
 Name of the Subsidiary Companies
 
 Infotech Enterprises Europe Limited, UK. (IEEL)
 
 Infotech Enterprises Benelux B.V Netherlands - A subsidiary of IEEL
 
 Mapcentric Consulting Limited, UK - A subsidiary of IEEL
 
 Dataview Solutions Limited, UK - A subsidiary of IEEL
 
 Infotech Enterprises America Inc., USA (IEAI)
 
 Infotech Software Solutions Canada Inc., Canada - A subsidiary of IEAI
 
 Infotech Enterprises Electronic Design services Inc., - A subsidiary of
 IEAI
 
 Daxcon Engineering Services Inc., USA - A subsidiary of IEAI *
 
 Wellsco Inc., USA - A Subsidiary of IEAI (w.e.f. August 9, 2010)
 
 Infotech Enterprises GmbH, Germany (IEG)
 
 Infotech Enterprises AB, Sweden - A subsidiary of IEG (w.e.f April 8,
 2010)
 
 Infotech Geospatial (India) Limited, India
 
 TTM Institute of Information Technology Private Limited, India
 
 Infotech Enterprises Japan KK, Japan
 
 Infotech Enterprises Information Technology Services Private Limited,
 India
 
 
 *Merged with IEAI w.e.f 1st January, 2011
 
 
 b) Associate
 
 Name of the Associate Company
 
 Infotech Aerospace Services Inc. , Puerto Rico, USA
 
 
 c) Joint Venture
 
 Name of the Joint Venture Company 
 
 Infotech HAL Limited, India
 
 
 d) Key Management Personnel
 
 Name                      Designation
 
 B.V.R. Mohan Reddy        Chairman and Managing Director
 
 B. Sucharitha             Whole Time Director
 
 S.A. Lakshminarayanan     Chief Operating Officer - N&CE
 
 K. Ashok Kumar            Chief Technology Officer
 
 Sundar Viswanathan        Chief Financial Officer 
                           (w.e.f. April 5, 2010)
 
 Bhanu Cherukuri           Chief Strategy Officer
 
 A. Ramaswami              Chief Information Officer 
                           (w.e.f. October 21, 2010)
 
 
 
 e) Relative of Chairman & Managing Director and Whole Time Director
 
 Name of Relative          Designation
 
 Krishna Bodanapu          President - Engineering
 B. Ashok Reddy            President - Global Human Resources & 
                           Corporate Affairs
 
 
 5.  Quantitative details
 
 (Refer to Note No. 17 of Schedule 15 of the annual standalone financial
 statements)
 
 The Company is engaged in the development of Computer Software and
 Services. The production and sale of such software and services cannot
 be expressed in any generic unit. Hence, it is not possible to give the
 quantitative details of sales and the information as required under
 Paragraphs 3 and 4C of Part II of Schedule VI to the Companies Act,
 1956.
 
 
 6.  Segmental Information
 
 (Refer to Note No.11 of Schedule 15 of the annual standalone financial
 statements)
 
 Segment information has been presented in the Consolidated Financial
 Statements as permitted by Accounting Standard (AS 17) on Segment
 Reporting as notified under the Companies (Accounting Standards) Rules,
 2006.
 
 
 7.  Stock Option Plans
 
 (Refer to Note No.2 of Schedule 15 of the annual standalone financial
 statements)
 
 
 Infotech Employee Stock Offer Scheme 1999 (ESOP Plan)
 
 In 1998-99, the Company set up ESOP plan and allotted 80,900 equity
 shares of Rs 10 each at a premium of ` 100 per share to the Infotech
 ESOP trust. The trust on recommendation of management and upon receipt
 of full consideration transfers the equity shares in the name of the
 selected employees. The Company modified the ESOP Plan and adjusted the
 number of options and exercise price on account of bonus issue and
 stock split cum bonus issue during 2002-03 and 2006-07 respectively.
 
 As this scheme is established prior to the SEBI Guidelines on the stock
 options, there is no cost relating to the grant of options under this
 scheme.
 
 
 Associate Stock Option Plans (ASOP Plan)
 
 The company currently has three ASOP plans - ASOP 2002, ASOP 2004 and
 ASOP 2008. Under each of these schemes, options will be issued to
 employees at an exercise price which shall not be less than the market
 price on the date of the grant. These options vest over a period
 ranging from one to three years from the date of grant, starting with
 10% at the end of the first year, 15% at the end of one and half years,
 20% after two years, 25% at the end of two and half years and 30% at
 the end of the third year.
 
 
 8.  Contingent Liabilities and Commitments
 
 (Refer to Note No. 18 of Schedule 15 of the annual standalone financial
 statements.)
 
 a.  Estimated amount of contracts remaining to be executed on capital
 accounts not provided for, net of advances Rs 140,645,654 (31.03.2010 -
 Rs 45,325,045).
 
 b.  The Company has outstanding counter guarantees of Rs 78,030,894 as
 on March 31, 2011, to banks, in respect of guarantees given by the said
 banks in favour of various agencies (31.03.2010 - Rs 70,043,183).
 
 c.  Corporate guarantee given to subsidiary''s bankers to obtain line of
 credit Rs 141,184,000 (31.03.2010 - Rs 376,842,480)
 
 d.  The Company has disputed various demands raised by Income Tax
 authorities for the assessment years 1997-98 to 2007-08.  The orders
 are pending at various stages of appeals. The aggregate amount of
 disputed tax not provided for is Rs 178,022,384 (31.03.2010 - Rs
 161,954,153). The Company is confident that these appeals will be
 decided in its favour, based on professional advice.
 
 e.  The Company has disputed various demands raised by the Sales Tax
 authorities for the financial years 2004-05 to 2009-10. The Company has
 filed appeals, which are pending with the appropriate authorities. The
 aggregate amount of disputed tax not provided for is Rs 20,221,861
 (31.03.2010 - Rs 16,344,575). The Company is confident that these
 appeals will be decided in its favour, based on professional advice.
 
 f.  The Company has disputed various demands raised by the Service Tax
 authorities for the financial years 2005-06 to 2009-10.  The Company
 has filed appeals, which are pending with the appropriate authorities.
 The aggregate amount of disputed tax not provided for is Rs 139,763,613
 (31.03.2010 - Rs Nil). The Company is confident that these appeals will
 be decided in its favour, based on professional advice.
 
 g.  The company has offered the Fixed Deposits of Rs 13,130,423 with
 Oriental Bank of Commerce as lien for the overdraft facility of Rs
 10,000,000 availed by its subsidiary, Infotech Geospatial (India)
 Limited.
 
 
 2.  Regrouping/Reclassification
 
 The figures for previous year have been regrouped /reclassified
 wherever necessary, to conform to the current year figures.