ExlService Holdings (EXLS) Announces Executive Management Appointments

ExlService Holdings, Inc. (Nasdaq: EXLS) announced management appointments pursuant to internally developed succession plans effective May 1, 2008.

Mr. Talwar, 58, previously Vice Chairman and CEO, will take on the role of Executive Chairman, focusing on the long term strategy and vision for the Company.

Rohit Kapoor, 43, has been appointed Chief Executive Officer and President. Prior to co-founding EXL along with Mr. Talwar, Mr. Kapoor was a business head at Deutsche Bank, leading a marketing team that serviced clients in Europe, the Middle East and the Indian sub-continent.

Pavan Bagai, 46, who joined EXL in 2002, has been appointed Chief Operating Officer.

The Company is in the process of creating the new position of Lead Director of the Board of Directors of the Company. Steven B. Gruber, previously Chairman of the Board, is expected to take on the position of Lead Director effective May 1, 2008. [SM]