Press Release

Bersoft Infotech Launches India's First Integrated Software for the Education Vertical

Pioneering a new approach to Enterprise Applications and shortly launching solutions in Pharmaceutical, FMCG & Retail Sectors

New Delhi 19th September 2003: Bersoft Infotech Pvt Ltd., part of the Apeejay Stya Group of Companies today in a seminar launched a first of its kind integrated ERP suite for schools, making them the first IT company to do so.

The ERP suite titled "Mira Skool", developed with intellectual seed capital from the Apeejay Education Society - a charitable commitment of the Apeejay Stya Group, will integrate all aspects of School Operations onto a single platform creating a space for effectively managing and governing day to day operations. Critically it also empowers a very holistic, child centred approach to education that involves all stake holders.

Speaking at the Event, Mr. Nishant Berlia, CEO, Bersoft Infotech Pvt Ltd., today said, "Mira Skool is the first product that would be released from the Bersoft Infotech stable for the education sector under the Mira banner. We shall be shortly launching solutions for societies (Mira Skool Enterprise), colleges (Mira Varsity) and universities (Mira Varsity Enterprise)."

Mr. Berlia, further added, "Bersoft is pioneering a new approach to Enterprise Applications through its focus on niche sectors and the Bersoft 7PTM Customer Centric Approach. Herein Bersoft works closely in long term relationships with its clients to understand their needs and compile relevant client specific solutions from its business logic linked code warehouse - what we call the HyperMatrixTM - with further additional software development where deemed necessary. These solutions delivered in totality & transparency with significant hand holding and support ensure significant returns on investment for clients."

About Bersoft Infotech Pvt Ltd.,

Bersoft today is nearly a 50 people company - not counting shared pooled resources with the Group - with strong senior and middle management. Particularly, of note is its board of advisors that provides deep domain knowledge in several critical areas. Within the next 3 quarters with reference bases nearing completion, Bersoft additionally intends to launch enterprise application product lines in FMCG, Pharma and Retail.

Apart from Bersoft, Nishant, a Stanford product, is on the Managing Board of the Apeejay Stya Group, and is involved with the Group's interests in Real Estate, Intellectual Property particularly Brands, and in New Horizon Technologies.