HTMT DECLARES AN INTERIM DIVIDEND OF 50% FOR FY 03-04

Wednesday, 17th March, 2004: After reviewing the operations and profitability of Hinduja TMT Limited (HTMT) for the eleven month period ended the 29th February, 2004, which is in accordance with the guidance given, the Board of Directors of the Company, in their meeting held today, declared an interim dividend of Rs. 5/- per share (50% on the par value of Rs. 10/- per share) for the financial year 2003-04, amounting to Rs. 20.45 crores.

Thanks to HTMT's deep insight into automated work force management systems in IT business, Aspect Communications Corporation, USA, the world's largest company focused exclusively on contact center solutions for unifying the work force, information and communication, has recently entered into a re-seller partnership agreement with HTMT for selling and implementing their solutions.

HTMT has world-class infrastructure in line with global standard of environment and resources. Quality of delivery, domain expertise, effectiveness of people interface and predictability of schedules are hallmarks of the Company's services in delivering Call Center and BPO solutions. With the systematic and continuous prospecting inside customers, the range of BPO products handled by HTMT, has widened leading to continuous ramp up of business from the existing and new clients.


The Company, ranked first in the preferred employer category in the Employee Satisfaction Survey conducted by Dataquest-IDC in India, is employing about 1800 people in BPO/Call Center and IT services segments.



For further information, please contact:

Mr. Arun Kumar
Senior Vice President

Tel:   24914770
Mob: 9820053636