Felicitated for his outstanding contribution in the field of informationtechnology(IT)

PUNE, India, August 29, 2012: Paysquare Consultancy Ltd. announced today that their CEO, Rakesh Jain was felicitated at the Sarathi-IT awards, held on August 17,2012 at S. M.Joshi Hall, Pune. This award has been set up by city based NGO, Sarathi,as an effort to recognise outstanding contributionsin the field of information technology (IT).‘Sarathi’has been felicitating achievers and contributors in the IT industry from the city since 2005. This award has been set up in commemoration of India’s former Prime MinisterRajiv Gandhi,whose vision was to see IT playing akey role in India’s progress.

This year, the Sarathi-IT awardwinners were Biren Dharamsi (CEOand Director, Sum Concepts Technologies),Mahesh Kulkarni (Co-Founderand MD, AFour Technologies),Rakesh Jain (CEO and Foundermember, Paysquare), Shailendra Abhyankar(Senior Vice-President, Sun-Gard Global Solution Centre) andShashishekhar Rege (General Manager,Vodafone). The five awardeesshared their experiences with thestudents on how they grew and succeededin their careers.The chief guests for the occasionwere P. C.Shejwalkar (former dean,faculty of management, UniversityofPune), Shekhar Potnis (COO, Infosys)and Deepak Shikarpur (chairman, ITcommittee, MCCIA).Speaking on the occasion, Shejwalkarinsisted that students musthave a vision and act on it to make ittrue.

Though it is important to bewell-versed in English, he stressed,“Marathi as a language must not beonly restricted to knowing it, butmust be made a language of knowledge”.Shikarpur inspired the students bytelling them about the golden opportunityin regional language computing.“Over 80% of India’s populationdoes not speak English but uses acellphone. Therefore, ancillary developmentin IT to serve this populacewill play a big role.”On receiving the award, Rakesh Jain, CEO, Paysquare said, “It is a great honourto receive this award. Our endeavour at Paysquare has always been to make available the latest in payroll technology and related best practices to our customers. We are happy that our efforts have been recognized” Morecoverageon this Press releaseAbout PaysquarePaysquare is a specialist in the area of end to end payroll outsourcing. With itshighly customizable and robust ‘Precision’ software platform, Paysquare offerscomplete automation while offering managed payroll services to its clients. Areal-time synchronization of ‘Precision’ with its web-based ‘myPayroll’ portaloffers employees complete access to their salary related information andprovides a single window for the HR/Finance teams to interact online with thePaysquare teams. Powerful MIS reports help in making life easy for the HR &Finance divisions.

Paysquare Consultancy Ltd. Regd. Office –G Building, KunalPuram Commercial Complex, Opp Atlas Copco, Old Pune-Mumbai Road, Dapodi, Pune 411012, INDIATel -+91.20.66305700| Fax-+91.20.66305757

Headquartered in Pune, India, Paysquare was incorporated in 2000, and currentlyprocesses over 100,000 payroll records every month across 225+ clients acrossIndia. Most of the clients have been with Paysquare for several years. Across ourengagements, we have provided over 99% accuracy in payroll processing. Wefollow international standards in our operations and are ISO 27001 as well as SAS70 Type 2 certified.For more information, please contact:Atul Dhakappa | marketing@paysquare.comAbout SarathiEntrepreneur Shankar Kalmaniis the one who started NGO Sarathi, a non-funded and non-profitorganisationfighting for social cause and creating better alternatives for today’s youth. Its mission is to make positive and quantifiable differenceby maximising employability of rural youth in Maharashtra, especially in the IT field.

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