Pratt & Whitney Division of United Technologies Corporation to participate with up to 18% equity in Infotech

Substantially extends current relationship to focus on value-added Engineering Services over the next five years

Pratt & Whitney Division of United Technologies Corporation to participate with up to ~18% equity in Infotech, demonstrating long-term partnering intent and endorsing Infotech's business competence

Charles Ayer, Finance Director, Manufacturing and Technology, Pratt & Whitney joins Infotech's Board

Infotech Enterprises further strengthens its business and financial model

Hyderabad - February 25, 2002
Commenting on the alliance, BVR Mohan Reddy, Chairman and Managing Director, Infotech Enterprises, said:

"Infotech Enterprises has created a well-structured business competency matrix to deliver enhanced growth over a long term period for all our stakeholders. Our alliance with Pratt & Whitney provides a multi-dimensional value perspective that includes business advancement and revenue visibility. It also exhibits our competencies and commitment to the highest standards of client delivery. We are truly delighted to partner with Pratt & Whitney and welcome their participation on our Company's Board"

Stephen Finger, Executive Vice President, Engineering and Operations at Pratt & Whitney, said:

"Pratt & Whitney is pleased to reinforce its growing business relationship with Infotech. This will greatly enhance Pratt & Whitney's ability to gain access to world class software and engineering services, as well as grow its presence in a market of increasing strategic importance."

Business engagement represents a significant achievement for any Indian IT sector company

Infotech Enterprises, India's leading supplier of end-to-end GIS software solutions, engineering services and IT solutions, today announced a strategic business and equity alliance with Pratt & Whitney Division of United Technologies Corporation. Infotech's knowledge and experience of the aeronautics industry, enterprise-wide focus on quality, and specifically, its capabilities in handling critical engineering solutions at offshore locations and rapidly scale operations were key determinants that led to the partnership between both the companies.

This project represents the most significant engagement by an Indian company in the engineering services domain. Infotech believes that it possesses leading skills in vertical segments such as manufacturing, utilities and telecom, and expects to enter long-term, high value relationships with large enterprise customers. Infotech maintains existing relationships with United Technologies' subsidiaries Carrier Corporation, Otis Elevator Company as well as Pratt & Whitney and hopes to expand them by providing superior services and solutions across all projects and assignments.

Partnership intent strengthened with acquisition 18.4% equity stake by Pratt & Whitney

Carrier International Mauritius, a wholly owned subsidiary of United Technologies Corporation, acting through its Pratt & Whitney Division, will also acquire up to 18.4% stake in Infotech Enterprises, demonstrating a value-led, committed and long-term partnership intent with Infotech.

Infotech Enterprises intends to use the funds available from this transaction to strengthen its capital structure and finance its expansion plans that will facilitate both increased scalability of operations and enhance its capability to provide customer-centric end-to-end services and solutions to its clients.

Charles Ayer appointment brings international experience to Infotech Board; underlines proximity of relationship

Following the initiation of the strategic business and equity relationship, Charles Ayer, Finance Director, Manufacturing and Technology, Pratt & Whitney, will join the Board of Directors of Infotech Enterprises. Infotech has called a Board Meeting on February 27, 2002 to formally induct Mr. Ayer on the Company's Board.

The Board participation by Pratt & Whitney further demonstrates the close proximity of the business relationship being developed by both companies. Mr. Ayer, as a member of the company's Board will bring his multi-faceted 25-year global business experience to Infotech's Board.

C.V. of Charles W Ayer: Charles W. Ayer is the Finance Director, Manufacturing and Technology at Pratt & Whitney. Mr. Ayer, 48, of Vernon, Connecticut, has been with Pratt & Whitney in varying Finance capacities for 25 years and has worked closely with Infotech over the past two years to develop its business relationship with Pratt & Whitney. Mr Ayer holds a Bachelor of Arts Degree from the State University of New York and a Master of Science Degree from Long Island University.

About Infotech
Infotech Enterprises is a leading Indian leading software services company with a proven track record for delivering high quality software products and services on a global scale. Infotech offers end-to-end solutions in the areas of GIS, Engineering and e-Business. Its range of services includes Digitization of drawings/maps, Photogrammetry, Application Software Development, Software Products Development, Consulting and Implementation. Infotech has an ISO 9002, ISO 9001, ISO 9001:2000 and SEI CMM Level 4 certification covering its lines of business. It has developed a strong infrastructure backbone that includes state-of-the-art technology centers are located at Hyderabad, Mumbai and Bangalore; a digitization center is the largest in India and among the top three in Asia Pacific region; fully owned subsidiaries in USA, UK and Germany; and 1900 IT professionals worldwide.

About Pratt & Whitney
Pratt & Whitney, a United Technologies company (NYSE:UTX), is a world leader in the design, manufacture and service of aircraft engines, space propulsion systems and industrial gas turbines.

Please note: Some statements contained within this report may be of a forward-looking nature and may involve risks and uncertainties. Actual future results and outcomes may differ materially from those discussed. Factors that may cause such differences include, but are not limited to, management of growth, market acceptance of the Company's products and services, risks associated with new product versions, dependence on third party relationships and the activities of competitors.