Financial Technologies (standalone) PAT expands by 116% to Rs. 1 billion

Mumbai - 30 June 2007

- Financial Technologies Group FY2006-07 revenues increase by 62 %
- 100 %final dividend announced (Total dividend for FY 06-07 400%)

Financial Technologies (India) Ltd. (Financial Technologies), the flagship company of the Financial Technologies Group and India’s leading technology solutions provider for equity, commodity, debt and forex markets, announced its audited financial results for the fiscal year ended March 31st, 2007.

Commenting on Financial Technologies’ FY 2006-07 performance, Dewang Neralla, Whole-time Director, Financial Technologies, said, “We expect to continue to grow exponentially year-on-year driven by our IP-centric business model and technology domain expertise which has delivered another high growth year for us. Our revenue has grown annually at 81% and a net profit growth of 116% on a standalone basis."

• The company has consolidated and progressed on all business fronts with flagship product ODIN TM capturing 90% estimated market share, a growth of 76% in the license base in equity markets, and a growth of 146% in the commodities market.
• MCX is ranked as the world's third largest bullion exchange after New York Metal Exchange (NYMEX) and Tokyo Commodity Exchange (TOCOM).
• The company has also launched two new ventures this year—TickerPlant Infovending Ltd. (TickerPlant) and Safal National Exchange (SNX) for fruits and vegetables which is a 49:51 JV with National Dairy Development Board (NDDB).

"We have successfully promoted six exchange ventures to become a global leader in promoting and creating financial markets, repositioning the brand “Made in India” from cost arbitrage value proposition to “Productized IP based service model. Our innovative business model has scaled beyond the conventional dollar per hour, quarter on quarter, and sum of parts models adopted by traditional IT Software and service companies."

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