Saurabh Srivastava, Arun Duggal and Ashish Gupta Join the Info Edge India Limited Board as Independent Directors

New Delhi, Delhi, India , 2006-06-29

Info Edge India Ltd. pioneers and leaders in the online recruitment (Naukri.com), the offline recruitment (Quadranglesearch.com), matrimonial (Jeevansathi.com) and real estate (99acres.com) space are pleased to announce the appointment of Mr. Saurabh Srivastava, Mr. Ashish Gupta and Mr. Arun Duggal to its Board as Independent Directors.

“It is indeed a great honor for Info Edge India Limited to have such distinguished and recognized individuals join our board” said Mr. Sanjeev Bikhchandani, Founder and CEO Info Edge India Ltd, “The extensive experience and in depth knowledge that these new directors have in the areas of IT, Banking and in building share holder value will enable Info Edge to draw on this experience in its growth strategies.”

Mr. Srivasatva who joins the Info Edge board as a non-executive Director is one of India’s leading IT entrepreneurs, angel investors and venture capitalists. He chairs or sits on the board of diverse companies such as Scicom Technologies and Kaleidoscope Entertainment. He founded one of India’s most trendsetting IT companies, IIS Infotech (now called Xansa). Xansa plc. is a USD 700 million company listed on the London Stock Exchange. Mr Srivastava chairs Infinity, India’s leading seed-stage VC fund as also the Indian Venture Capital Association. He is a co founder and past Chairman of NASSCOM.

Commenting on his appointment; Mr Saurabh Srivastava said,"I am delighted to join the board of naukri.com which is the leading internet based company in India and a model entrepreneurial venture. Sanjeev Bikhchandani has successfully traversed the classic route from a garage to an IPO and Naukri is well poised to achieve global heights."

Mr. Ashish Gupta, a U.S. national, who joins the Info Edge board as non-executive Director is a partner at Helion Venture Partners, investing in early stage companies in India and in the U.S. Mr. Gupta has been involved in several start ups in the U.S. and in India as an investor and board member. Mr Gupta was at Amazon.com, which he joined in 1998 with the acquisition of junglee.com where he was co-founder. Mr. Gupta has published and presented numerous papers at international conferences, as well as edited a book on "Materialized Views" published by Massachusetts Institute of Technology press.

“It is a pleasure to join the board and get the opportunity to work with one of the best team in India. They have consistently demonstrated flexibility and a good sense of how consumer internet is evolving – both ingredients of success in a fast growing and changing space. I look forward to a fruitful and enjoyable association in helping build a valuable and lasting business”, said Mr. Gupta.

Mr. Arun Duggal, a U.S. national also joins the Info Edge board as a non-executive Director. Mr. Duggal is an experienced international banker and advises various corporations on financial strategy, mergers and acquisitions, and in raising capital. He has had a 26-year long career as a professional banker and was the Chief Executive, Bank of America Asia Limited, Hong Kong during the period 1991-1994. He spent ten years (1981-1990) with the New York Corporate Office of Bank of America handling multinational relationships, including major integrated international oil companies like Exxon Mobil and Texaco. He was also the CFO of HCL Technologies Limited from the year 2001 –2003.

“I am delighted to join the Board of Info Edge India Ltd. as Chairman of the Audit Committee. It is a great company with an excellent management team. It is the leader in its business and, I am sure, it would also be one of the best in the area of "Corporate Governance and Shareholder Value Creation” said Mr. Duggal.

About Info Edge

A network of Portals:

-- http://www.99acres.com
-- http://www.naukri.com
-- http://www.jeevansathi.com

Naukri.com is India’s No. 1 Job Site. Established in 1997, it is India’s largest internet company and the 3rd most popular website across all categories with a database of 6 million registered users and a traffic share of 70% (as per Alexa traffic rankings - June 24, 2006). The company employs over 900 people across a network of 33 offices in 28 cities. It has recently opened an international office in Dubai.

Jeevansathi.com was acquired by Info Edge (India) Ltd. in September 2004. It is the fastest growing matrimonial site in India with a database of over 6 lakh profiles and 24 main branches spread all over India.

99acres.com is India’s No.1 property portal. It is an information exchange for buying, selling or leasing all types of property anywhere in the country. The website offers a wide choice of innovative property solutions for its customers and has 1,00,000 properties which are live on the site.

Quadrangle is an innovative executive search firm and has been an associate company of naukri.com since 2000. With highly qualified recruitment professionals in every industry and virtually every functional discipline, it provides global clients’ with high-quality and seamless service. It has sustained a reputation of excellence in leadership and management search, IT search and customer relationship management.

Contact

Sonali Shyam, INSIGHT Communication, +91 (011) 29532948 / +91 9891820253
[email protected]