Investor Relations

Shareholding Pattern for the quarter ended 31st December 2002

S/N	Category	No. of Shares Held	Percentage of Shareholding
A	Promoter's Holding
1	Promoters
	Indian Promoters	13736143	74.73
	Foreign Promoters	0	0.00
2	Persons acting in concert	0	0.00
	Sub-Total:	13736143	74.73
B	Non-Promoter's Holding
3	Institutional Investors
a	Mutual Funds and UTI	6950	0.04
b	Banking, Financial Institutions/Insurance Companies (Central/State Govt. Institutions, Non-Government Institutions)	215975	1.17
c	FIIs	60225	0.33
	Sub-Total:	283150	1.54
4	Others
a	Private Corporate Bodies	469164	2.55
b	Indian Public	3769700	20.51
c	NRIs/OCBs	114824	0.62
d	Any Other: *
	Independent Directors and their relatives	7899	0.04
	Other Directors and their relatives	0	0.00
	Sub-Total:	4361587	23.73
	GRAND TOTAL:	18380880	100.00
Note 1:	Total Foreign Shareholding is	175049	0.95
(*)	The Company is a professionally managed company and the shareholding of the Directors in their personal capacity does not constitute "the Promoter's holding".  Hence, the same is classified under the head "Any Other".

Details of shareholders holding more than 1% of the shares of the company.

SR. NO. NAME OF THE HOLDER NO. OF SHARES HELD % OF SHAREHOLDING CATEGORY 1. Tata Sons Ltd. 13634393 74.18 Indian Promoter 2. Mr. Farrokh K Kavarana 396690 2.16 Indian Public (Trustee - Tata Infotech Employee Share Participation Trust).