Mr. Rajiv Shah is appointed as the Chief Executive Officer of IBS, to enhance the management bandwidth and capability in preparation for the planned IPO in 2012, and the operation of IBS as a listed company thereafter. Rajiv Shah, as CEO, will take responsibility for the operation of our business worldwide and will report to VK Mathews in his role as Executive Chairman. VK will now focus more on strategy, direction, key accounts and our preparations for the IPO. Rajiv Shah ( link at Wipro ) has over 25 years of experience with more than 15 years in senior executive roles managing several businesses globally either as chief executive officer or head of big business units, including EDS (USA and India), Cofuture (Kerry Packer Co, Australia), Wipro Technologies (USA), Bharti Telecom (India). Rajivs last assignment has been with Wipro Technologies, operating from Boston, USA (2003-11), heading initially Wipros Securities & Capital Markets business as Chief Executive, and later head