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|WNS Wins the Maharashtra State IT Award 2010|
MUMBAI, INDIA, Aug 24, 2010 (MARKETWIRE via COMTEX) --WNS (Holdings) Limited (NYSE: WNS), a leading provider of global business process outsourcing services, has been honored with the prestigious Maharashtra State IT Award 2010 in the Special Category by the Directorate of Industries, Government of Maharashtra. Honorable Chief Minister of Maharashtra, Mr. Ashok Chavan, presented the award, at a function held in Mumbai on Friday, August 20, 2010.
WNS was recognized for its center in Nasik, where the company has generated employment for over 1000 people in a tier II city, Nashik, in India.
"We are honored to be bestowed with this esteemed award and are grateful to the Government of Maharashtra for the encouragement by recognizing our efforts. The efforts by State Government of Maharashtra to promote the IT/ITES industry in the state have been instrumental in the growth of our company. WNS started its operations in Mumbai in 1996 and soon was able to expand its operations to other cities in the state - Pune and Nasik," said Keshav R. Murugesh, Group CEO, WNS Global Services. "WNS recognized the issues arising out of a large concentration of BPO units in Tier-I cities early on and setup operations in Nasik in 2004, where a vast pool of talent is available."
The state of Maharashtra has instituted the 'Maharashtra Information Technology Awards' to commemorate birth anniversary of the late Prime Minister of India, Shri Rajiv Gandhi. The awards are presented each year, on the Information Technology day - August 20, aimed at felicitating companies in the State of Maharashtra for their contribution and outstanding performance during the year. The effort is toward promoting entrepreneurship, IT/ITES industry development and employment in the state.
WNS Safe Harbor Statement under the provisions of the United States Private Securities Litigation Reform Act of 1995
These forward-looking statements are based on our current expectations, assumptions, estimates and projections about our Company and our industry. The forward-looking statements are subject to various risks and uncertainties. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "anticipate," "believe," "estimate," "expect," "intend," "will," "project," "seek," "should" and similar expressions. Those statements include, among other things, the discussions of our business strategy and expectations concerning our market position, future operations, margins, profitability, liquidity and capital resources. We caution you that reliance on any forward-looking statement involves risks and uncertainties, and that although we believe that the assumptions on which our forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate, and, as a result, the forward-looking statements based on those assumptions could be materially incorrect. These factors include but are not limited to worldwide economic and business conditions; political or economic instability in the jurisdictions where we have operations; regulatory, legislative and judicial developments; our ability to attract and retain clients technological innovation; telecommunications or technology disruptions; future regulatory actions and conditions in our operating areas; our dependence on a limited number of clients in a limited number of industries; our ability to expand our business or effectively manage growth; our ability to hire and retain enough sufficiently trained employees to support our operations; negative public reaction in the US or the UK to offshore outsourcing; increasing competition in the BPO industry; our ability to successfully grow our revenue, expand our service offerings and market share and achieve accretive benefits from our acquisition of Aviva Global Services Singapore Pte. Ltd. (which we have renamed as WNS Customer Solutions (Singapore) Private Limited following our acquisition), or Aviva Global, and our master services agreement with Aviva Global Services (Management Services) Private Limited; and our ability to successfully consummate strategic acquisitions. These and other factors are more fully discussed in our annual report on Form 20-F for the fiscal year ended March 31, 2010 filed with the U.S. Securities and Exchange Commission which is available at www.sec.gov. In light of these and other uncertainties, you should not conclude that we will necessarily achieve any plans, objectives or projected financial results referred to in any of the forward-looking statements. Except as required by law, we do not undertake to release revisions of any of these forward-looking statements to reflect future events or circumstances.
SOURCE: WNS (Holdings) Limited