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NSR appoints Mr. Sanjeev Chachondia, as their Operating Partner

Mumbai, December 14, 2009: NSR, recently announced the appointment of Mr. Sanjeev Chachondia as their Operating Partner at NSR. He would be based out of Mumbai.

Commenting on his appointment Mr. Parag Saxena, Chief Executive Officer, New Silk Route said,”This appointment emphasizes NSR’s commitment to the Indian market. We are delighted to have someone of Sanjeev’s stature join us and further strengthen our team with his vast experience. The telecom industry is a vibrant sector that has great potential for high level of investment activity. We are thus confident of leveraging Sanjeev’s expertise and knowledge to help us build on to the firm’s growth plans in this sector.”

Sanjeev carries a rich experience of over 23 years in the telecom industry. Prior to this, he was the CEO of Loop Mobile India Limited (formerly known as BPL Mobile Communications Ltd). In the past, he worked with companies like Essar Telecom Infrastructure Pvt.Ltd and also the Tata group as VP, Corporate Planning & Strategy, Tata Teleservices Ltd.

Mr. Sanjeev Chachondia, on his appointment said, “I am proud to be associated with NSR, a leading player in global economy. Being a part of the strong leadership team, I look forward to working with them to develop business opportunities in India and help execute the whole range of activities in which they operate.”

Sanjeev received his Bachelor’s degree in Electronics and Telecommunication Engineering from Government Engineering College, Jabalpur and his Masters in Management from School of Management, IIT Bombay.

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