Hyderabad, India: November 29, 2007 – Nipuna Services Ltd, the BPO arm of Satyam (NYSE:SAY), has been conferred the prestigious and internationally recognized Golden Peacock National Training Award for the year 2007.

Venkatesh Roddam, CEO, Nipuna, said “This is a great achievement and makes Nipuna the first BPO in the country to win this award. As we have been selected as the winner from 186 entries that the organizers received, this Award stands testimony to our focus on Associate and Leadership Development and our focus on ‘growing leaders faster than competition.”

“The Award will help organizations like ours benchmark against the best, and set new standards of training excellence, a measure that will hold the key to business leadership in the 21st century”, added Roddam.

The Golden Peacock Award will be presented at an event in the presence of business and political leaders from over 20 countries and will be a part of the 18th World Congress on Total Quality, with the theme “Boardroom Strategies for Risk Management”, which is scheduled to be held in New Delhi between January 11th and 13th, 2008.

Manoj K Raut, Director Client Services, Golden Peacock Award Secretariat said, “Nipuna is providing the best training practices in the fiercely competitive market of today “.

The Award identifies excellence in training practices, relates effective training with improved business and is open to all training organizations. Winners are selected by the Award Jury, under the Chairmanship of Justice P N Bhagwati, former Chief Justice of India and Chairman, Golden Peacock Awards.

About Nipuna

Nipuna Services Limited, the BPO arm of Satyam (NYSE:SAY), is the world’s first eSCM Capability Level 5 service provider. One of India’s leading integrated end-to-end outsourcing service providers, the company offers proven, full-service expertise for multiple industries, including telecom, pharmaceuticals, financial services, and manufacturing. Nipuna’s global delivery standards have resulted in numerous longstanding client relationships with Fortune 500 companies. The company operates from its main delivery centers in Hyderabad, Bangalore, and Chennai – apart from onsite delivery teams.

Golden Peacock National Training Award (GPNTA)

The Golden Peacock Award has been instituted by the ‘Institute of Directors’. IOD has been helping to transform organizations by emphasizing the role of the 5Ts-total quality, transparency, trust, truthfulness and training. The Golden Peacock Award has meticulously defined, transparent selection criteria and an independent jury for selecting companies on merit. It identifies excellence in training practices and relates effective training with improved business and individual performance by providing role models in all sectors of Indian Corporate life.

For more information, please contact:

Kulwinder Singh Sumit Sagar Dogra

Nipuna Services Limited Ogilvy Public Relations World Wide

Phone: +91 98665 96192 Phone: +91 9971424499

kulwinder_singh {at} nipunaservices(.)com sumit.dogra {at} ogilvy(.)com