Former vice chairman of China Securities Regulatory Commission, Laura Cha joins TCS Board of Directors

Former vice chairman of China Securities Regulatory Commission, Laura Cha joins TCS Board of Directors

November 03, 2006

Six out of eight directors on the company's board are independent

    MUMBAI, India, Nov. 3 /Xinhua-PRNewswire/ -- Tata
Consultancy Services, the leading global IT services and
consulting company announced that at a meeting of the board
of directors held today, Laura M Cha was appointed as an
Independent Director. 

    Mrs. Cha is a member of the Executive Council of the
Hong Kong Special Administrative Region (SAR) and
Non-Executive Chairman of HSBC Investment Asia Holdings
Limited. 

    Between 2001 and 2004, Mrs. Cha served as the
vice-chairman of China Securities Regulatory Commission
(CSRC), the first person to be invited from outside
Mainland China to serve in the Central government of the
People's Republic of China.  Her efforts were focused on
improving the corporate governance of Chinese listed
companies and the process of public issuance of shares in
China.  She is currently the vice chairman of the
International Advisory Council of the CSRC. 

    Before joining CSRC, Mrs. Cha had 10 years experience
at Hong Kong's capital markets regulator, the Securities
and Futures Commission, and was appointed deputy chairman
in 1998.  She is also an Independent Non-Executive Director
of Johnson Electric Holdings, Baoshan Iron and Steel Co.,
and Hong Kong Exchange and Clearing Ltd.  She is also a
Non-Executive Director of the Hongkong and Shanghai Banking
Corporation as well as China's Bank of Communications.  She
is a member of the International Council of the Asia
Society in New York and senior advisor to Investor AB, a
Swedish conglomerate.  Mrs. Cha has been awarded a Silver
Bauhinia Star in 2001 by the Hong Kong Government for her
public service.

    "With her experience as a regulator and policy
maker, Laura Cha's presence on the TCS board adds a new
dimension to our strong, independent board," said S.
Ramadorai, CEO and MD at TCS. "Laura's experience and
counsel will be a great asset for the TCS leadership team
as the company continues to expand globally at a fast
pace."

    With the addition of Laura Cha to the board of
directors, TCS now has six independent directors -- former
chairman of Deutsche Telecom, Ron Sommer; Harvard
professor, Clayton Christensen; former HSBC chief, Aman
Mehta; former Indian cabinet secretary, Naresh Chandra;
head of Glaxo Smithkline, Asia, V. Thyagarajan.  The two
non-independent directors of the company are Ratan Tata,
Chairman and S. Ramadorai, CEO and Managing Director. 

    About Tata Consultancy Services Ltd (TCS)

    Tata Consultancy Services Limited (TCS) is the world
leading information technology consulting, services,
business process outsourcing and engineering services
organization that envisioned and pioneered the adoption of
the flexible global business practices that today enable
companies to operate more efficiently and produce more
value.  TCS achieved this by creating and perfecting a
unique method of global deployment and delivery of high
quality, high value services and products in IT consulting
and business process outsourcing.  Known as the
"Global Delivery Model," this strategic services
delivery concept has reshaped the IT services industry.

    More than 95% of TCS customers reward the company's
reliability, passion, creativity, and unique ability to
handle the broadest range of their IT needs by continually
extending and deepening their partnerships with TCS.  With
over 70,000 of the world's best trained IT consultants
located in 35 countries, TCS is uniquely positioned to
deliver its flexible world class services seamlessly to any
location.  TCS reported consolidated revenues of $2.97
billion (U.S.) in the fiscal year 2005-2006.  The company
is listed on the National Stock Exchange and Bombay Stock
Exchange in India.  For more information:
http://www.tcs.com .

    For more information, please contact:
    
     Adrian Lee
     Tel:   [phone]
     Email: [e-mail]

SOURCE  Tata Consultancy Services Ltd