Reliance Technology Ventures Ltd.

Corporate Presentation

confidential 2 of 19

Content

Reliance ADA Group Overview Reliance Technology Ventures Ltd.

- Overview- Our Edge- Investment Approach - Investment Process- Sector Focus- Current Portfolio- Team

Contact details

confidential 3 of 19

Reliance ADA Group - Overview

Among India’s top three private sector business houses. Business presence extending to over 4,500 towns and 300,000 villages in India,

and 5 continents across the world. Group interest ranges from communications and financial services to generation,

transmission and distribution of power, healthcare, infrastructure, natural resources and media and entertainment.

Through its products and services, the Reliance ADA Group touches the life of 1 in 10 Indians every single day.

confidential

Reliance ADA Group Structure Customers > 55 Mn

Market Cap > USD $68 Bn

Net Assets > USD $23 Bn

Net Worth > USD $11 Bn

Net Debt: Nil

Amongst the largest shareholder base in the world – over 10 million

History of creating market leaders- India’s largest mutual fund company

- India’s second largest communications company

- India’s largest broadcasting company

4 of 19

RelianceADA Group

Natural Resources & Energy

Power

Financial services

Media & Entertainment

Infrastructure

Communications

Health

confidential 5 of 19

Reliance Technology Ventures Ltd. - Overview

Launched in 2006.

Promoted by the Reliance ADA Group to Leverage emerging and high growth potential technologies, and markets Look ahead at future opportunities to enrich and enhance the Group’s eco-

system Seek and invest in promising technology (IT, ITES, hardware and

semiconductors), media & entertainment, and telecom (TMT) companies worldwide.

MissionMission : To encourage the spirit of entrepreneurship and help build businesses that not only deliver outstanding financial value but also emerge as category leaders.

confidential

Our Edge Leverage on the Reliance ADA Group ecosystem-

History of creating world class organizations Deep understanding of markets and technology by virtue of a sizeable customer base Tremendous experience in investment across sectors

Hands on approach to nurture and grow enterprise value

Functional domain expertise

Access to unlimited pool of funds

Full commitment guarantee, over an unlimited period of time

6 of 19

confidential

Investment Approach

7 of 19

Focus is both - on established and new technologies, that advance the computing, communications, media and convergence platforms.

RTVL seeks and invests in promising technology, media and telecom (TMT) companies worldwide in various stages of their lifecycle.

Create an ecosystem which not only maximizes investor returns but also provides a fertile environment for the growth of the investee companies.

confidential

Investment Process - Overview

8 of 19

What we look for? People

- Entrepreneurs and teams who have the ability to translate Reliance ADA Group’s philosophy, "Think Bigger, Think Better“, into an action plan, and execute as per world’s best standards or better.

Competitive Edge- Compelling, IP-rich products, and

services and business models, with a defensible strategy, and with a significant market opportunity.

Financials- Financial plans to demonstrate the ability

to generate the highest potential return on our investment.

confidential

Investment Process - Flow

confidential

Sector Focus

10 of 19

Technology Technology

IT Hardware - Semiconductor & Components | Systems | Communications | Enterprise Software - Application Software | Infrastructure Software ITESCleantech

Media & Media & EntertainmentEntertainment

Internet Services Consumer Technology Media

Tele- Tele- communicationscommunications

Wireless Applications Next Generation Networks

confidential

Current Portfolio

Yatra.com is India’s second largest online travel portal, a feat achieved within a span of 8 months from launch.

Seedfund provides early-stage capital to startups in India and is led by an experienced team of entrepreneurs.

RTVL has advised and/or invested in deals to the tune of over $700 million.Some of our investments are –

RTVL has advised in the acquisition of Yipes Holdings, a leading provider of managed Ethernet and application delivery services for the global enterprise. Yipes is now Reliance Globalcom Services, Inc.

RTVL have also led the investment in an unnamed technology company which has formed the basis of the largest venture capital transaction in India.

E-Band Communication Corporation is a leading developer of multi-gigabit capacity wireless communication systems based on 70/80 GHz millimeter wave radio technology.

Stoke develops carrier-class multi-access convergence gateways to help fixed, mobile and Internet-based operators realize the advantages of network convergence.

SEQUANS Communications is a leading supplier of subscriber station and base station chips for both fixed and mobile WiMAX

confidential

Team Harshal J Shah

Heads Reliance Technology Ventures Ltd. at Reliance Anil Dhirubhai Ambani Group. On the Board of Reliance Venture Asset Management Ltd., the Group's asset management

company for its venture funds and investments. Has advised and invested in deals worth more than $600 million. On the Board of Yatra Online, Inc., Setco Automotive Ltd. and Telsima Corporation. More than 14 years of experience in various roles at

- IBM Global Strategy (USA)- Northstar Global Partners (USA)- Infostakes, Inc. (USA and India), - Accenture (USA, Singapore, Hong Kong)

MBA from The Wharton School of Business. Truman Gray Scholar from MIT from which he earned two Bachelors' degrees in Management, and Electrical Engineering & Computer Science.

12 of 19

confidential

Team

13 of 19

Haresh Bathija Primary role is to identify and evaluate the likely opportunities from a potential investment objective. Over 12 years of experience in the field of marketing and product management. Prior work experience includes Tata Teleservices Limited, where he was instrumental in turning around

the post paid mobile business and launching India’s first Push-to-talk service. Prior experience with Zip Telecom limited, Associated Breweries, a United Breweries Group company

and Arvind Mills. MBA from S.P. Jain Institute of Management and Research, Mumbai and a Bachelor’s Degree in

Commerce.

Kshitij Gupta Looks after planning & controls at Reliance Technology Ventures Limited. He focuses on developing and managing budget, finance and control functions for investee companies

of RTVL. Kshitij currently serves on the Board of E-Band Communications Corporation. At Hutchison Essar Ltd., he worked as a Business Analyst. He was instrumental in developing several

financial and operational models to improve efficiency. Prior to this, he was with Tata AIG Life Insurance Company Limited, Standard Chartered Bank, GE

Capital (GE Money) and S.B. Billimoria.   Alumni of the Doon School. He is a Chartered Accountant from the Institute of Chartered Accountants of

India.

confidential

Team

14 of 19

Venkatesh Peddi At RTVL, his role is to look at financial and structuring aspects of investments. Over four years of experience in investment banking and related activities. Worked with Adventity, one of the leading knowledge process off shoring companies in India. Started his career with Blue Star Infotech (BSIL), where he was working with BSIL’s strategic

initiatives team. MBA in Finance from Jamnalal Bajaj Institute of Management Studies (J.B.I.M.S) and Mechanical

Engineering from V.J.T.I., Mumbai

Rashmin Vyawahare Focused on new and emerging technologies in the TMT space. Overall 6 years of experience in the telecommunication industry. Rashmin currently serves as a Board Observer on Sequans Communications. Prior to RTVL, Rashmin was a Systems Engineering Manager at Cambridge Broadband Networks

focusing on point to multipoint wireless transmission products for 3G/4G backhaul to cellular operators in the Asia Pacific market.

Previously, he was with Videsh Sanchar Nigam Limited looking after their Enterprise Wireless Broadband Access Systems.

Post Graduate Diploma in Wireless Telecommunications from University of Toronto and a Bachelor of Engineering in Electronics from University of Mumbai.

confidential

Team

15 of 19

Sameer Brij Verma At RTVL, Sameer focuses on Telecommunications, Media & Entertainment and Technology

investments. Prior experience as Solution Architect at Ericsson, where he focused on promoting their next

generation content & media solutions such as IPTV, Mobile TV, IMS applications, Service Delivery Platforms and Video Telephony to telecom operators in the South Asia market.

Was earlier Product Manager - Next Generation Network solutions with UTStarcom, Inc & a Network Architect with American Wireless Broadband, Inc. Also worked on sponsored research projects from the Ed Kaplan Entrepreneurial Foundation, National Science Foundation, Molex and IIT Research Institute.

Bachelors degree in Electrical and Computer Engineering from Illinois Institute of Technology, Chicago where he was an International & Founders Scholar. Candidate for the Chartered Financial Analyst™, Financial Risk Manager™ and Chartered Alternative Investment Analyst™ professional charters.

Raksha R Singh Responsible for co-coordinating various activities, both within RTVL and with outside agencies.

Prior to joining RTVL, worked as Manager Administration with M/s. K Pack Systems Private Limited. Was responsible for total administrative support.

Worked Indian Navy for over 8 years. Was instrumental in streamlining the administrative department.

Graduation in Commerce from Mumbai University.

confidential

Contact Details

Raksha R. SinghReliance Technology Ventures LtdReliance CenterBallard EstateMumbai 400001INDIA

Tel: +91.22.30327039 / +91.22.30327000Fax: +91.22.22847199E-mail – raksha.singh@relianceada.com www.rtvl.co.in

Thank you