Press Releases

PIRAMAL HEALTHCARE SELECTS EMPTORIS
FOR GLOBAL E-SOURCING

Leading Pharmaceutical Company Selects Emptoris, Citing Demonstrable Implementation Success

Burlington, MA – April 16, 2008 – Piramal Healthcare has selected Emptoris Inc., a leading provider of enterprise supply and contract management software, to provide its global sourcing solutions.

Piramal Healthcare will use the Emptoris Sourcing solution to source both indirect and direct materials and services. The solution will be rolled out to more than ten locations across the company, including India, the U.K., China and Canada.

"Excellence in sourcing and contract management is important for today’s leading global corporations. Implementing Emptoris Sourcing helps to achieve this requisite level of excellence," said Dr. Swati Piramal, Director, Strategic Alliances & Communications, Piramal Healthcare. “We selected Emptoris over other solutions in part because of its integrated suite and ability to handle indirect and direct materials' sourcing."

The Emptoris Sourcing solution allows companies to source the best products and services from suppliers while driving cost competitiveness, minimizing supply base risk and reducing sourcing cycle time.  Emptoris Sourcing automates all sourcing events and empowers companies to realize the best value, not just the best price, from a supply base by factoring performance drivers into decision-making.

"Emptoris prides itself on its record of creating solutions that drive business value for global companies,” said Avner Schneur, Chief Executive Officer for Emptoris, Inc.  “We are very excited to work with a company of the stature of Piramal Healthcare and assist in its drive for sourcing and contract management excellence."

About Nicholas Piramal India Limited
(name proposed to be changed to Piramal Healthcare Limited)
Nicholas Piramal India Limited ("NPIL", name proposed to be changed to Piramal Healthcare Limited) is one of India's largest pharmaceutical companies, with a growth track record of above 30% CAGR since 1988. NPIL had consolidated revenues of US$602 million in 2006-07. The Company is currently ranked 4th in the Indian market with a diverse product portfolio spanning nine therapeutic areas. The Company is also one of the largest custom manufacturing companies with a global footprint of assets across North America, Europe and Asia. NPIL is listed in India on the National Stock Exchange (Ticker: NICOLASPIR) and the Bombay Stock Exchange (Ticker: 500302).  The name change from Nicholas Piramal India Limited to Piramal Healthcare Limited is subject to approval by the Company’s shareholders and Central Government.

About Emptoris           
Emptoris is a world leader in innovative supply and contract management software solutions that empower enterprises to realize best value and accelerate profitable growth.  Emptoris solutions are used by successful Global 2000 companies in every industry.  Customers include American Express, Boeing, ConocoPhillips, Kraft, Motorola, Owens Corning, Syngenta, and Vodafone.

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