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Nipuna, the Satyam BPO Wins Golden Peacock National Training Award 2007

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
Nipuna Services Limited
Phone: +91 98665 96192
kulwinder_singh@nipunaservices.com

Geeta Fadnavis
Ogilvy Public Relations World Wide
Phone: +91 98492 56292
geeta.fadnavis@ogilvy.com


Satyam Contacts

For further information, contact: rfi@satyam.com

India

Geeta Fadnavis , geeta.fadnavis@ogilvy.com , +91 40 23220067

US

Siobhan Aalders , Siobhan.Aalders@ogilvypr.com, +1-212-880 5341, +1 347 387 0733

UK

Clare Gibbins , clare.gibbins@uk.ogilvypr.com,+44-20-7309 1037

Continental Europe

CHelmut Weissenbach , helmut@weissenbach-pr.de +49 89550 67770

Asia-Pacific

Reshma Wad Jain , Reshma@wer1.net +65 6737 4844, +65 981 40507
Simon Murphy , simon@howorth.com.au , +61-02-8281 3826


Safe Harbor

This press release contains forward-looking statements within the meaning of section 27A of Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Satyam undertakes no duty to update any forward-looking statements. For a discussion of the risks associated with our business, please see the discussions under the heading “Risk Factors”in our report on Form 20-F concerning the quarter ended March 31, 2007, furnished to the United States Securities Exchange Commission on April 30, 2007 and the other reports filed with the Securities Exchange Commission from time to time. These filings are available at http://www.sec.gov.

About Satyam

Satyam (NYSE: SAY), a leading global business and information technology services company, delivers consulting, systems integration, and outsourcing solutions to clients in 20 industries and 57 countries. Satyam leverages deep industry and functional expertise, leading technology practices, and an advanced, global delivery model to help clients transform their highest-value business processes and improve their business performance. The company’s 42,500* professionals excel in engineering and product development, supply chain management, client relationship management, business process quality, business intelligence, enterprise integration, and infrastructure management, among other key capabilities. Satyam development and delivery centers in the US, Canada, Brazil, the UK, Hungary, Egypt, UAE, India, China, Malaysia, Singapore, and Australia serve 570* clients, including one-third of the US Fortune 500. For more information, see www.satyam.com.

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