Aditya Birla Minacs inaugurates its Global F&A Center of Excellence in Chennai

Online, February 22, 2010 (Newswire.com) - Chennai, India, February 22, 2010: Aditya Birla Minacs, a global business solutions company (a subsidiary of Aditya Birla Nuvo) today announced the inauguration of its global Finance & Accounting (F&A) Shared Services Center in Chennai. With over 275 highly specialized financial accountants, the center provides F&A solutions to small and medium sized businesses (SMBs) around the world.

The availability of high quality talent, work ethic and high levels of operational output have been significant factors in Aditya Birla Minacs choosing Chennai as the location for their F&A Centre of Excellence. The center is led by finance professionals with vast experience and top notch educational background. Currently, the center provides F&A solutions across all industry verticals, and Source to Pay solutions for the Manufacturing and Telecom verticals, in particular.

Apart from investments in infrastructure, local area networks, servers, etc., Minacs has invested significantly in point solutions and platforms for SMBs which they otherwise find difficult to acquire or license. These platforms can be integrated with any ERP in the market and thus makes it easier to transition F&A processes for outsourced support by Minacs. The center is already providing clients with process support in Accounts Payable, Accounts Receivable and Reconciliation. In a few months, Minacs will start providing expertise in like Financial Planning & Analysis, Direct & Indirect Taxation, and other more judgment-driven processes.

Announcing the launch of its new center in Chennai, Mr. Milind Godbole, President of Operations - Asia Pacific, Aditya Birla Minacs said, "This is a moment of pride for us. It gives me immense pleasure to see our F&A capabilities grow. Aditya Birla Minacs is on a successful expansion trajectory and continues to grow its footprint in India and abroad. We are proud of the capabilities we have built in Chennai, and delighted by the transformational work our teams here are doing, supported by the people-focus we have been able to maintain."
About Aditya Birla Minacs Worldwide Ltd
Aditya Birla Minacs is a pioneering business solutions company that partners with global corporations in the BFSI (banking, financial services and insurance), TIME (telecom, Infrastructure, media, and entertainment) and manufacturing industries. We leverage years of process, domain and technology expertise to deliver superior business value to clients with our seamless customer lifecycle and enterprise services. 13,000 Minacs experts across 3 continents and 27 centers spanning Canada, Germany, Hungary, India, Philippines, the UK and USA power our solutions through a global delivery model that helps our clients enhance revenues, profitability and customer service. Visit http://www.minacs.adityabirla.com for more information.

Safe Harbor
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause our actual results to differ materially from those in such forward-looking statements. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.