Dear Customers and Partners,

Over the past 20 years Intelligroup has served its customers with our core values as our guiding principles. Our core values have been key to our success and are the basis for everything we do. Integrity, Customer Delight, Accountability, Respect and Entrepreneurship are values we hold true to as we interact with all of our stakeholders including our customers, associates, shareholders, and partners. These values foster an environment that keeps our associates focused on the customer.

Serving our customers is our number one priority. We have many loyal and supportive customers and wish to express our appreciation for their continued support and endorsement of our services. With partners, we have been able to make their businesses more competitive while achieving mutual success.

Intelligroup continues to be principally focused on System Integration and support of enterprise applications. Our services span the life cycle of ERP and surround ERP solutions including consulting, project implementations, global rollouts, and application and infrastructure support.

We have built a company that has received recognition from our partners, customers, industry analysts, trade associations and from the industry at large. As an SAP partner, we have received the Global Pinnacle Award in 2009 and 2007 and were a finalist for the Global Pinnacle Award in 2008. In 2009, we were thrilled to be named a Pinnacle Award finalist in three categories: SAP SDN, SAP BPX, and once again in the Thought-Leadership SOA category.

Our relationship with Oracle is another important pillar of our company and continues to develop. Oracle selected Intelligroup as a finalist for the Titan Award in Life Sciences in 2009. Most recently Intelligroup has been selected as an Oracle Platinum Partner, the highest level of partnership in the Oracle PartnerNetwork.

Intelligroup has been ranked a Leader in the 2010 Global Outsourcing 100 list compiled by the International Association of Outsourcing Professionals. We have also been recognized by the Outsourcing Institute/Vantage Partners and received the prestigious 'Best Account Management' category Award for 2009 and Relationship Management Award (RMMY) in the ''Customer Favorite' category for 2008. We have been ranked 13th by the prestigious Black Book of Outsourcing in the 2009 Top 50 Best Managed Outsourcing Service Providers and most recently Intelligroup received the Supply-Chain Council 2009 Technology Supply Chain Management Excellence Award. Intelligroup continues to be featured in the Gartner ERP Magic Quadrants for Projects and Outsourcing, highlighting the top 20 companies in the IT Services industry.

In summary, we are focused on your success. Though change and uncertainty may be ever present, Intelligroup remains firmly committed to helping our customers by providing services to enable them to meet their business goals and objectives. Cost savings, increased revenue, quicker time-to-market, more agile supply chains can all be realized .

We look forward to our continued partnership.

Best regards
Vikram Gulati
President and CEO