Infosys Inducts Dr. Omkar Goswami to Board of Directors.

Business Editors/High-Tech Writers

FREMONT, Calif.--(BUSINESS WIRE)--Nov. 15, 2000

Infosys Technologies Limited (Nasdaq:INFY) announced today that its Board of Directors appointed Dr. Omkar Goswami, Chief Economist to the Confederation of Indian Industry (CII) as an Additional Director of the Board of Directors of the Company with effect from November 13, 2000.

The Nominations Committee of the Company had earlier recommended to the Board the name of Dr. Omkar Goswami, for appointment as an Additional Director.

Dr. Goswami will serve as an Additional Director of the Board till the next Annual General Meeting of the Company, when his appointment as a non-executive director of the Board will be placed for the approval of the members in general meeting. With the induction of Dr. Goswami, the Infosys Board strength stands at 14.

Dr. Omkar Goswami (44) has been working as Senior Consultant and Chief Economist to the Confederation of Indian Industry since August 1998.

A professional economist, Dr. Goswami did his Masters in Economics from the Delhi School of Economics in 1978 and his D.Phil. (Ph.D.) from Balliol College, Oxford in 1982.

He has taught and researched at Oxford, Delhi School of Economics, Harvard, Tufts, Jawaharlal Nehru University, Rutgers University and the Indian Statistical Institute, New Delhi. In March 1997 he moved away from formal academics to become the Editor of Business India.

Dr. Goswami has served on several government committees. He was the Chairman of the Committee on Industrial Sickness and Corporate Restructuring in 1993, which recommended total revamp of India's bankruptcy laws and procedures. Later, he was a member of the Working Group on the Companies Act and of the CII Committee on Corporate Governance, which recommended a code of best practices for listed companies, banks and financial institutions. At present, he is a member of the Trade Advisory Council of the Ministry of Commerce, which advises the government on WTO issues, and the Railway Infrastructure Committee of the Government of India. Dr. Goswami has also been a consultant to the World Bank, IMF, the Asian Development Bank and the OECD.

Welcoming Dr. Goswami to the Board of Directors of Infosys, Mr. N. R. Narayana Murthy, Chairman and Chief Executive Officer said "Infosys has always looked for professionals with proven merit to sit on the Board. Omkar brings with him his academic brilliance and a keen economic perspective and would enhance the quality of debate at the Board"

About Infosys Technologies (Nasdaq:INFY)

Infosys is an IT consulting and service provider, providing end-to-end consulting for global corporations and emerging dot-com companies. The company has partnered with several Fortune 1000 companies in building their next generation information infrastructure for competitive advantage. The Infosys portfolio of services includes e-strategy consulting and solutions, large application development and enterprise integration services. Infosys also has product co-development initiatives with numerous communication and Internet infrastructure companies that are creating the building blocks for the digital economy.

The Global Delivery Model of the company leverages talent and infrastructure in different parts of the world to provide high quality, rapid time-to-market solutions. Infosys' US headquarters is located in Fremont, California; the company also maintains offices throughout the US, Europe and Asia. For more information, contact Infosys Technologies at [phone] in India, [phone] in the USA or visit us on the World Wide Web at www.infy.com.

Safe Harbor

Except for the historical information and discussions contained herein, statements included in this release may constitute "forward-looking statements." These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those that may be projected by these forward looking statements. These risks and uncertainties include, but are not limited to competition, acquisitions, attracting, recruiting and retaining highly skilled employees, technology, law and regulatory policy and managing risks associated with customer projects as well as other risks detailed in the reports filed by Infosys Technologies Limited with the Securities and Exchange Commission. Infosys undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof.