News Releases

2010

Aditya Birla Minacs Worldwide Limited — Rs. 2500 million Compulsory Convertible Debentures Offering through Private Placement

Bangalore, January 25, 2010: Aditya Birla Minacs Worldwide Limited ("ABMWL" or the "Issuer") is pleased to announce issuance of its Rs. 250 crores Compulsorily Convertible Debentures ("CCDs") through private placement. CCDs are zero coupon debentures and would be mandatorily converted into equity of the Issuer at the end of 5 years. The issuance would strengthen the balance sheet of ABMWL and the funds would be utilized for business expansion.

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Aditya Birla Minacs Partners with NorthStar For Total Wealth Management: A first of its kind service offering!

Bangalore, January 04, 2010: Aditya Birla Minacs, a global business solutions company, has partnered with NorthStar Systems International, a leading provider of wealth management software solutions to provide a first of its kind Total Wealth Management package. This newly developed solution combines Aditya Birla Minacs' efficient and integrated back and middle office with Northstar's fully integrated wealth management platform to create a service offering to seamlessly support wealth front offices in delivering a superior customer experience.

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2009

Aditya Birla Minacs inaugurates its newest delivery center in Aurangabad - Maharashtra, India

Bangalore, November 17, 2009: Aditya Birla Minacs, a global business solutions company (subsidiary of Aditya Birla Nuvo) today announced the inauguration of its new delivery center at MIDC Chikalthana in Aurangabad, Maharashtra. The center will initially provide customer interaction services in Marathi, apart from Hindi and English, to IDEA Cellular's mobile subscribers as part of a five year Rs 6,000 million outsourcing services deal.

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Minacs and Aditya Birla Financial Services Group announce outsourcing deal

Bangalore, November 5, 2009: Aditya Birla Minacs, a global business solutions company (subsidiary of Aditya Birla Nuvo) today announced signing of an outsourcing services deal with the Aditya Birla Financial Services Group (ABFSG), to provide customer care, back office support, and finance and accounting services. The deal is a part of the financial services leader's goals for strengthening business efficiencies to ensure timely and cost-effective delivery of its services.

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Minacs bucks trend, signs $250 million worth global

Bangalore, October 12, 2009: Aditya Birla Minacs, a global business solutions company (subsidiary of Aditya Birla Nuvo) today reported significant business wins in the last 30 days with total contract values (TCV) in excess of $ 250 million across its focus verticals of banking, financial services, manufacturing, pharmaceuticals, technology and telecom.

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Minacs bags Idea Cellular deal over Rs 600 crores ($125 million)

Bangalore, October 6, 2009: Aditya Birla Minacs, a global business solutions company (subsidiary of Aditya Birla Nuvo) and IDEA Cellular today announced they have signed a five year outsourcing services deal worth Rs 600 crores. This deal is an expansion of Minacs' existing relationship with IDEA Cellular.

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American Honda Recognizes Minacs Marketing Solutions as a Top Supplier with Premier Partner Award

Torrance, Calif., September 24, 2009: American Honda Motor Co., Inc. President and CEO Tetsuo Iwamura presented the company's Premier Partner Award to Minacs Marketing Solutions, a division of Aditya Birla Minacs for excellence in multi-channel direct marketing programs that measurably drove parts and service revenues and customer loyalty. Minacs Marketing Solutions was one of 15 award recipients selected from 46 suppliers nominated by American Honda associates nationwide.

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2008

Aditya Birla Minacs' "Pie in the Face" Event a Huge Success!

Niagara Falls, ON, May 28, 2008: Aditya Birla Minacs announced today that its Pie in the Face event to support their Parental love ... no child should do without campaign for UNICEF was an undisputed success! Approximately $1,300 was raised to help provide prevention, awareness, and treatment programs to families in India affected by HIV/AIDS.

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Hearts Can Build, Hosted by Aditya Birla Minacs — A Huge Success!

Port Hawkesbury, NS, February 1, 2008: Aditya Birla Minacs announced today that its first annual Hearts Can Build event was a huge success! Over 3,000 non-perishable food items were collected, $526.00 in community donations along with Minacs' contribution made the grand total a generous $1,000.00 raised, in support of the Port Hawkesbury Food Bank and the fight against hunger.

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2007

TransWorks and Minacs unveil new brand — Aditya Birla Minacs

Bangalore/Toronto, December 3, 2007: TransWorks and Minacs today announced the renaming of their combined entity as Aditya Birla Minacs (subsidiary of Aditya Birla Nuvo). The unveiling included the launch of a new website to reflect the company's new identity and multinational footprint.

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MCGUINTY GOVERNMENT ATTRACTS 1,000 JOBS TO MISSISSAUGA

Mississauga, September 6, 2007: Aditya Birla Minacs, an international business process outsourcing (BPO) company today opened a new customer contact center in Mississauga with plans to bring up to 1,000 jobs to Peel Region, said Minister of Small Business and Entrepreneurship and Mississauga Center MPP Harinder Takhar.

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Her Excellency, President Gloria Macapagal-Arroyo inaugurates Aditya Birla Minacs Facility in Philippines

Manila, Philippines, August 15, 2007: Her Excellency, Gloria Macapagal-Arroyo today inaugurated the Aditya Birla Minacs facility in Manila, Philippines. Aditya Birla Minacs is a subsidiary of Aditya Birla Nuvo.

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N.S. BUSINESS INC.—Minacs Brings Jobs to Strait Area

Port Hawkesbury, NS, June 15, 2007: Minacs, an international business process outsourcing company, plans to create up to 350 jobs in Port Hawkesbury. The province, through Nova Scotia Business Inc. (NSBI), has authorized a payroll rebate for Minacs to a maximum of $2,684,500 over the next five years.

Premier Rodney MacDonald made the announcement today, June 15, at an event in Port Hawkesbury.

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Minacs to Open New Facility in Hamilton, Ontario

Toronto, ON, March 7, 2007 - Minacs Worldwide Inc., a business process outsourcing (BPO) provider, announced today that the Company will open a new contact center to provide dedicated customer service support as a result of a recent contract award from Nissan. The center will handle a variety of requests from vehicle owners and dealerships across the United States and Canada. With over 200 new positions available, recruitment for the center has begun. The center will be based at 120 King Street in Hamilton, Ontario with operations to launch this spring.

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