EXL Makes Strategic Entry Into Europe

EXL Signs Multi-Year Agreement With Schneider Logistics

NEW YORK, July 7 /PRNewswire-FirstCall/ -- ExlService Holdings, Inc. ("EXL")
(Nasdaq: EXLS), a leading provider of outsourcing and transformation services,
announced today that it has signed a multi-year outsourcing agreement with
Schneider Logistics, a global leader in logistics and transportation services.

As part of the transaction, EXL has acquired the operations of Schneider
Logistics, SRO in Olomouc, Czech Republic with effect from July 3, 2009. The
facility currently provides complex transaction processing services to
Schneider and its clients in Europe and the U.S. and has approximately 200
highly skilled employees that will transfer to EXL as part of the transaction.
Through its delivery center in Olomouc, EXL will have access to a uniquely
qualified talent pool with strong multi-lingual capabilities supported by a
world-class university system. The Czech Republic presents significant growth
potential enabling EXL clients to leverage the labor pool in the Czech
Republic to expand and diversify their outsourcing operations. The Olomouc
facility will serve as EXL's third outsourcing service delivery location
outside of India and The Philippines and is an important step in EXL's
strategy of providing seamless global delivery to its clients from countries
around the world.

"As we operate the business, we are always looking for opportunities to be
more efficient and effective," said Jack Gross, Senior Vice President,
International, Schneider Logistics. "This agreement positions us to continue
to provide customers with excellent service while maintaining a competitive,
low-cost position in the marketplace." According to Mr. Gross, the new
relationship means Schneider Logistics customers will realize greater
efficiencies in their business processes, including European freight audit and
payment, logistics engineering, carrier contracting and brokerage business. As
part of EXL, Mr. Gross observed, Olomouc-based associates will contribute
their transportation and logistics expertise while benefiting from EXL's
unique competencies in outsourcing solutions. The Olomouc business also will
benefit from a strong cultural fit and EXL's intent to build their presence in
Europe. "In evaluating this transaction we looked for a company with a stellar
reputation, similar core values and a track record of success for associates,
customers and the business. EXL meets all those criteria," Mr. Gross noted.

Vikram Talwar, EXL's Executive Chairman, stated: "Our relationship with
Schneider Logistics is aligned with our stated objective of focusing on select
industry verticals in which we can pair our domain and process expertise with
our transformational capabilities to deliver value to our clients. This win
represents EXL's third client in the transportation vertical. Our continued
growth in transportation complements our strong position in the insurance,
utilities, and banking verticals and we expect to continue to invest in
industry domain and functional expertise to benefit our clients."

Rohit Kapoor, EXL's President and CEO, stated: "Our entry into Europe marks an
important strategic achievement for EXL. We continue to grow in a highly
focused manner and believe that we are among the most well positioned
outsourcing service providers in terms of our financial strength and
operational discipline. Despite the difficult economic environment, we
continue to invest in expanding our range of transformation and outsourcing
capabilities on a global basis for long-term growth."

Elaborating further, Mr. Kapoor added: "In evaluating our investment options,
we give the topmost priority to the current and future growth requirements of
our clients. We believe our expansion into Europe will benefit our clients by
providing enhanced capabilities in finance and accounting as well as
value-added multi-lingual capabilities. This decision will also enable us to
provide near-shore business process outsourcing solutions to our European
clients. Accordingly, we consider this as an opportunity to better serve our
customers by bringing together the best-in-class capabilities from across the
globe. And will continue our endeavor to Go Next. Now."

With the acquisition of Schneider Logistics, SRO in the Czech Republic, EXL
will have twelve world-class delivery sites located across India, The
Philippines and the Czech Republic. EXL is headquartered in New York and has
offices in New Jersey, London and Singapore.

About ExlService Holdings, Inc.
ExlService Holdings, Inc. (Nasdaq: EXLS) ("EXL" or the "Company") is a leading
provider of outsourcing and transformation services. EXL's outsourcing
services include a full spectrum of business process outsourcing services from
offshore delivery centers requiring ongoing process management skills.
Transformation services enable continuous improvement of client processes by
bringing together EXL's capabilities in reengineering including decision
analytics, risk and financial management and operations and process excellence
services. Headquartered in New York, EXL primarily serves the needs of Global
1000 companies in the insurance, utilities, financial services and
transportation sectors. Find additional information about EXL at
www.exlservice.com.

This press release contains forward-looking statements. You should not place
undue reliance on those statements because they are subject to numerous
uncertainties and factors relating to the Company's operations and business
environment, all of which are difficult to predict and many of which are
beyond the Company's control. Forward-looking statements include information
concerning the Company's possible or assumed future results of operations,
including descriptions of its business strategy. These statements may include
words such as "may," "will," "should," "believe," "expect," "anticipate,"
"intend," "plan," "estimate" or similar expressions. These statements are
based on assumptions that we have made in light of management's experience in
the industry as well as its perceptions of historical trends, current
conditions, expected future developments and other factors it believes are
appropriate under the circumstances. You should understand that these
statements are not guarantees of performance or results. They involve known
and unknown risks, uncertainties and assumptions. Although the Company
believes that these forward-looking statements are based on reasonable
assumptions, you should be aware that many factors could affect the Company's
actual financial results or results of operations and could cause actual
results to differ materially from those in the forward-looking statements.
These factors are discussed in more details in the Company's filings with the
Securities and Exchange Commission, including the Company's Annual Report on
Form 10-K for the year ended December 31, 2008. These risks could cause actual
results to differ materially from those implied by forward-looking statements
in this release.

You should keep in mind that any forward-looking statement made herein, or
elsewhere, speaks only as of the date on which it is made. New risks and
uncertainties come up from time to time, and it is impossible to predict these
events or how they may affect the Company. The Company has no obligation to
update any forward-looking statements after the date hereof, except as
required by federal securities laws.

About Schneider Logistics, Inc.
Schneider Logistics, Inc. is an international logistics provider to Global
2000 companies. Schneider Logistics helps customers capture strategic business
value from their supply chains in the form of lower distribution costs,
reduced inventory, improved customer service and increased availability to
working capital. The company provides end-to-end supply chain management,
warehousing, transloading, transportation management and international
logistics services.

Schneider Logistics is a wholly owned subsidiary of Schneider National, a
premier provider of truckload, intermodal and logistics services.
Headquartered in Green Bay, Wis., Schneider National has provided expert
logistics and transportation solutions for nearly 75 years. A $3.7 billion
company, Schneider National conducts business in more than 28 countries in
North America, Europe and Asia, and continues to grow its international
service offerings. For more information about Schneider Logistics, visit
www.schneider.com .

SOURCE ExlService Holdings, Inc.

Jean Liang, Head of Investor Relations of ExlService Holdings, Inc.,
+1-212-277-7115, ir@exlservice.com