MUMBAI, India, July 31 /PRNewswire/ --

- PAT (Standalone) Expands 179% to Rs. 1,699 Million

- The Board Declared Interim Dividend of 200%

Financial Technologies (India) Limited today announced its reviewed
unaudited financial results for the quarter ended June 30, 2008.

Highlights:

- Total income increased by 146% to Rs. 2,540 million in Q1
      2008-09.

    - PAT increased by 179% to Rs. 1,699 million.

    - Declared an interim dividend of 200%.



Commenting on the results, Mr. Dewang Neralla, Whole Time
Director, Financial Technologies, said: "Financial Technologies continues to
sustain its growth momentum with a strong start to the year. We showed our
commitment to creating exchanges by announcing the setting-up of Singapore
Mercantile Exchange (SMX) on July 9. SMX will be Asia's first multi-commodity
international derivatives exchange based in Singapore. We will continue doing
our best to contribute towards enhancing our shareholders' value, with
long-term vision."

The Indian Energy Exchange (IEX), another exchange promoted by
Financial Technologies, has commenced operations. IEX is India's first
national-level, electronic trading platform for electricity. The initial
response to the initiative has been very encouraging and has been commended
by the Union Minister of Power.

The National Spot Exchange Ltd (NSEL), promoted by Financial
Technologies, has elicited overwhelming response to the launch of its
membership drive. NSEL is a pan-India electronic spot market for agricultural
and other commodities.

"While our existing businesses continue to deliver a robust
operating performance, our new initiatives provide us a platform to deliver
superior shareholder returns in the future," Mr, Neralla said.

"Our commitment to our customers and to the development of
quality products and services for them has clearly translated into robust
financial results. We have also recently launched FTNET, a network platform
to automate the end-to-end flow of transactions for institutions leading to
high operational and functional efficiencies for the market participants,"
Mr. Neralla added.

Financial Technologies' ecosystem venture, National Bulk
Handling Corporation (NBHC), has reported significant growth that is expected
to contribute towards enterprise value enhancement over subsequent reporting
periods. As on June 30, 2008, NBHC facilitated cumulative funding worth US$
1.25 billion and managing over 3,300 storage facilities with 4 million MT
stocks worth US$1.71 billion.

"We take pride to announce that MCX has won the 'Golden
Peacock Eco-Innovation Award 2008."

Key Business Highlights

Comparative periods:

Q1 2008-09 (April-June 2008) vs. Q1 2007-08 (April-June 2007)

- Total income has increased by 146% to Rs. 2,540 million in
      Q1 2008-09 as compared to Rs.1031 million in Q1 2007-08.

    - EBITDA has increased by 167% to Rs. 2,191 million in Q1
      2008-09 as compared to Rs. 822 million in Q1 2007-08.

    - EBITDA margin has increased to 86% in Q1 2008-09 as compared
      to 80% in Q1 2007-08.

    - PBT up by 167% to Rs. 2,176 million in Q1 2008-09 as
      compared to Rs. 814 million in Q1 2007-08.

    - PAT increased by 179% at Rs. 1,699 million in Q1 2008-09 as
      compared to Rs. 610 million in Q1 2007-08.

    - Diluted EPS for the quarter increased to Rs. 36.93 as
      compared to Rs. 9.69 in corresponding quarter of 2007-08.



About Financial Technologies (India) Ltd

Financial Technologies (India) Limited (http://www.ftindia.com) is a
US$1.84 billion (market capitalization, NSE: FINANTECH, BSE: FlNTECH) global
leader in creating and operating technology-centric, next-generation
financial markets that are transparent, efficient, and liquid, across
multi-asset-classes including equities, commodities, currency and bond among
others.

Our highly robust and scalable exchange and trading technology
platform (Intellectual Property), coupled with deep domain expertise, gives
us a decisive edge in driving mass disruptive innovation at a speed and cost
of execution that are unmatched in the financial markets. This expertise
uniquely positions Financial Technologies and helps create electronic,
organized, and regulated financial markets for 'new asset classes' and 'new
investor classes' that are either underserved or economically unviable to
serve by traditional companies.

Our markets transform lives of people by democratizing global
trade and economy and propagating the benefits of 'price discovery', 'trade
efficiency', 'risk hedging', and 'structured finance' to the masses. These
benefits in turn create inclusive and equitable growth by unlocking value
from the middle and bottom of the socio-economic pyramid.

ODIN(TM), the flagship brokerage solution suite, is used by an estimated
80% of the brokers of the Indian transaction automation market.

DOME(TM) is the leading 'Exchange Platform of Choice' to set up and
operate next-generation markets.

Exchange Ventures

Financial Technologies has set up the following eight exchange ventures:

- MCX (http://www.mcxindia.com): India's No. 1 multi-commodity
      futures exchange

    - DGCX, Dubai (http://www.dgcx.ae): First international commodity and
      currency derivatives market in the Middle East.

    - IBS Forex (http://www.ibsfx.com): India's No. 3 inter-bank foreign
      exchange platform

    - NSEL (http://www.nseap.com): A pan-India electronic spot market for
      agri commodities trading

    - IEX (http://www.iexindia.com): India's first power exchange for
      trading in electricity

    - SNX (http://www.snxindia.com): India's first spot exchange for
      trading in perishable commodities

    - GBOT (http://www.gbot.mu): an electronic exchange to serve as a
      gateway to the African continent.

    - SMX (http://www.smx.com.sg): First international Pan-Asian
      derivatives exchange, that will provide a single platform for multi
      product trade between Asia and the world



Ecosystem Ventures

Financial Technologies has set up the following six ecosystem
ventures to complement the business of exchange ventures:

- NBHC (http://www.nbhcindia.com): Pan-India warehouse network
      platform to offer organized markets for rural lending

    - TickerPlant Infovending (http://www.tickerplantindia.com): a retail
      financial information distribution platform

    - atom technologies (http://www.atomtech.in): Platform to enable 'any
      transaction on mobile'.

    - Riskraft Consulting (http://www.riskraft.com): Financial risk
      management solutions.

    - FT Knowledge Management Company Limited (http://www.ftkmc.com): The
      knowledge hub of the Financial Technologies Group.

    - FTME (http://www.ft-me.com): Leading technology enterprise
      delivering mission critical Straight- Through-Processing (STP) 
      solutions



Safe Harbour Statement:

Certain statements made in this release with reference to future
operations and performance of Financial Technologies, its subsidiaries, and
other group companies are forward-looking statements, involving risks and
uncertainties. Certain factors could cause actual results to differ
materially from those in such forward-looking statements. The company does
not undertake responsibility to update any forward-looking statement that may
be made from time to time by or on behalf of the company.

* MCX is India's No. 1 Commodity Exchange. Source: FMC website
(http://www.fmc.gov.in) based on turnover in terms of value for FY 07.

For further information, contact:
    Rahul Jain, Corporate Communications,
    Financial Technologies (India) Limited,
    Contact No: +91-22-67152000,
    Mobile No.: +91-9867567534,
    Email Id: rahul.jain@ftindia.com;

    S. Jena, Public Relations,
    MelCole Public Relations,
    Contact No: +91-11-29834428, +91-11-29833118,
    Mobile No.: +91-9820096620,
    Email Id: suvrendu_jena@melcole.com;

    Miten Mehta, Director - Communications and Investor Relations,
    Financial Technologies (India) Limited,
    Contact No: +91-22-67152000,
    Mobile No.: +91-9867552322,
    Email Id: miten.mehta@ftindia.com