P. Chidambaram Felicitates Entrepreneurial Excellence at IndiaMART Leaders of Tomorrow Awards 2010

NEW DELHI, December 6, 2010 -

    - Awards Jury Chairman Mr. Shiv Nadar applauds the Awardees



    - Mr. Dinesh Agarwal, Founder & CEO, IndiaMART.com presents vote of
      thanks to the dignitaries 

    - Over 350 business leaders across industries commend the
      Awards with their presence

Bringing the Indian Micro, Small and Medium Enterprise (MSME) community
to a standstill, an extravaganza unfolded on December 3, 2010 at The Lalit,
New Delhi. Hailed as the most prestigious business awards ceremony for MSMEs,
'IndiaMART Leaders of Tomorrow Awards 2010', an initiative of IndiaMART.com
and ET NOW, honoured entrepreneurial talents across sectors. The chief guest
at the occasion Honourable Union Minister of Home Affairs Mr. P. Chidambaram
was a source of inspiration for all present at the Awards. The chosen MSMEs
were proud to receive the Awards from him before a sizeable gathering of over
350 business leaders.

Mr. Dinesh Agarwal, Founder and CEO, IndiaMART.com extended special
thanks to the Home Minister, Jury chairman Mr. Shiv Nadar, Jury members
Honourable Secretary, Ministry of MSME Mr. Uday Kumar Varma, Mr. Jagdish
Khattar, Mr. Gautam Thapar and Mr. Kushagra Bajaj and other dignitaries
present for making these Awards a resounding success.

Inspiring everyone with his speech, Honourable Home Minister Mr.
Chidambaram said, "I congratulate ET NOW and IndiaMART.com for recognising
leaders in a number of categories… They have put up a splendid event."
Highlighting the role of MSMEs in the Indian economy, he said, "MSMEs
contribute about 8% of GDP, that is more than what agriculture contributes.
They also contribute 45% of manufacturing output, 40% of exports and provide
employment to over 60 million persons… Without doubt, this is the sector
that has the highest potential to create employment."

Post bestowing recognition to the winning MSMEs, Mr. Chidambaram said, "I
am delighted to see so many young men and a woman receive awards today. It
shows depth of entrepreneurial talent in India."

Addressing the nominees, the Jury Chairman Mr. Shiv Nadar, Founder, HCL;
Chairman and Chief Strategy Officer, HCL Technologies, said, "I really
enjoyed assessing all of you. It seemed as if I was assessing myself in 1987.
I wish you all the best."

Proposing the vote of thanks, Mr. Dinesh Agarwal, said, "I am sure that
these Awards will recognise the best SMEs in India and inspire many more to
take an entrepreneurial leap. We will continue to do our best to build a
strong SME ecosystem in the country through these Awards and other such
initiatives."

The spectacular Ceremony unveiled the names of the brightest MSMEs of
India across different categories. The proud Leaders of Tomorrow are:

    Award Category                  Award Recipient
    Agri Business (Food Processing) Tasty Dairy Specialities Ltd.
    Apparel & Accessories           Duke Fashions India Ltd.
    Auto / Auto Components          Pelican Rubber Ltd.
    Electrical & Electronics        Samriddhi Automations Pvt. Ltd.
    Engineering Products            Ducon Technologies Pvt. Ltd.
    Home Decor & Handicrafts        Lorenzo Vitrified Tiles Pvt. Ltd.
    Packaging                       Shilp Gravures Ltd.
    Transport & Logistics           FEI Cargo Ltd.
    IT / ITES / Telecom             One97 Communications Ltd.

The 'Woman Leader of Tomorrow Award' was conferred on Ms. Lalitha Rao
Sahib, Managing Director, Nuthatch Nutricare Technologies Pvt Ltd. 'Company
of the Year' was bagged by One97 Communications Ltd.

A perfect celebration of spirit of entrepreneurship, the event saw a
celebrated fusion band 'Mrigya' kick-start the proceedings and mesmerise
everyone with their performance. Post the felicitation of the Awards
recipients, stand-up comedian Vir Das took to stage and had the audience in
splits with his antics.

The grand success of 'IndiaMART Leaders of Tomorrow Awards 2010' has set
pace for the next year's edition of the Awards which promise to return with
much aplomb and fervour, and recognise various other deserving entrepreneurs.

About IndiaMART.com

IndiaMART.com is India's largest online B2B marketplace connecting global
buyers with suppliers through business directories, online product catalogs,
buy-sell offers, industry specific marketplaces, printed media and trade
shows participation.

Founded in 1996 by Mr. Dinesh Agarwal (CEO), the company has a pan-India
presence in over 100 cities. With over 2400 employees located across 55
offices in the country, IndiaMART.com offers an extensive range of value-
added products and services to its 1 million registered members and nearly 5
million global buyers across various industries and verticals.

IndiaMART.com has won numerous awards over the years and has been widely
covered by media such as CNBC, BBC, BusinessMoney, CNN, Businessworld,
Economic Times, Financial Express, etc for its pioneering role in promoting
SME business in the country. Its existing investors include Intel Capital and
Bennett, Coleman & Co. Ltd (Times Group), India's largest print media group.

For more information, please visit:
www.indiamart.com/press-section & www.leaders.economictimes.com

About ET NOW

ET NOW, leverages the power of 'Brand ET' which has a five decade old
heritage. ET NOW brings complete perspective to news with the most
influential business minds, the biggest global voices bringing the global
perspective. ET NOW is taking giant strides towards leadership, and with
specific focus on news and analysis the channel is poised to become
synonymous with Corporates and real time investors.

    Media Contacts
    Pawandeep Kaur
    Manager - PR
    T: +91-120-3911000
    F: +91-120-2424943
    E: pr@indiamart.com

Media Contacts: Pawandeep Kaur, Manager - PR, T: +91-120-3911000, F: +91-120-2424943, E: pr at indiamart.com