Mumbai, September 12, 2002: Patni Computer Systems (P) Ltd. a global IT consultancy and solutions provider, announced today that it plans to accelerate its growth with the investment and strategic, long - term commitment made by General Atlantic Partners, LLC, the world's leading global private equity investor focused on information technology, process outsourcing and communications. General Atlantic's $100 million investment is one of the most substantial investments made in any Indian software company by an international private investment group and is the largest General Atlantic has made in Asia, DSP Merrill Lynch was the sole financial advisor to the deal.

General Atlantic now has a minority equity stake in Patni. William O. Grabe and John Wong, both partners of General Atlantic, will join Patni's board of directors and provided sustained strategic assistance to Patni in evaluating growth opportunities on a global basis. The new capital will be used to fund internal growth and expansion through selected strategic acquisitions globally. Patni plans to invest in subsidiaries and / or branch operations in the U.K. multiple locations in Western Europe and Australia in the current financial year. It also intends to consolidate its holdings of its US operations and capitalize upon the fast - growing BPO market.

Mr. Narendra Patni, CEO of Patni, said, "General Atlantic is able to offer us not significant capital, but even more importantly extensive knowledge and expertise about the information technology industry and the global IT markets. Their long - term perspective on investments and their worldwide presence are both extremely important to us. We are confident that their strategic assistance will greatly accelerate our ability to grow and maintain market leadership"

Mr. Wong, commenting on General Atlantic's commitment to Patni said, "We are attracted to Patni because of its market leadership, strong management team, superior work quality, customer focus and its opportunity to further expand and grow its operations worldwide. We believe that India represents a tremendous market opportunity. This is particularly true now, when companies are focused on reducing costs and improving processes. With the right combination of skills and expertise to provided superior service to clients globally, Patni is very well positioned to capitalize on this movement".

Patni Computers Systems

Patni is India's leading software services provider. With revenues of over Rs.740 Crore and nearly 5000 skilled software professionals, Patni has an established tradition of delivering high quality, reliable, cost - effective software services & solutions. Ranked among the top 10 software exporters in India, and operating from 6 state-of-the-art Offshore Development Centers (ODC's) in India, Patni also has 18 international office in the United States, Europe, Japan and Asia Pacific.

Patni services Global 2000 customers in select industries, including manufacturing, insurance, financial services, retail hospitality, utilities & energy. Technology focus areas include eBusiness, enterprise applications, embedded technology solutions, network systems management and support. Patni has key strategic alliances with SAP, Oracle, Siebel, BroadVision, Interwoven, IBM, BaaN and Microsoft.

Patni's development facilities are ISO 9001-2000 certified and have been assessed at SEI-CMM Level 5 and P-CMM level 3 certified. The company is also aggressively implementing Six Sigma process.

General Atlantic Partners

General Atlantic Partners, LLC, is the world's leading private equity investment firm focused exclusively on investing in information technology, process outsourcing and communications businesses globally. The firm was founded in 1980 and has over $4 billion in committed capital. General Atlantic has invested in over 120 companies and has current holdings in over 60 companies, of which almost one - third are based outside the United States and which include Bottomline Technologies, Critical Path, E* Trade Groupl, Eclipsys, Exact, EXE Technologies, Exult, iFormation Group, Manugistics, Predictive Systems, Priceline.com, ProBusiness, ProxyMed, RebusHR, Screaming Media, SESA, SRA International, Upromise, Xchanging and Zagat. The firm is distinguished within the investment community by its deep experience and expertise in information technology, its global perspective and worldwide presence, its long - term approach to investments, and its commitment to provide sustained strategic assistance for its portfolio companies. General Atlantic has about 90 professionals among its 150 employees worldwide with offices in Greenwich, New York, Palo Alto, Reston, London, Dusseldorf, Singapore, Tokyo, Hong Kong, and Sao Paulo, and is in the process of opening an office in Mumbai to be headed by Abhay Halvaldar. See www.gapartners. com for additional information.