Released on = December 27, 2006, 3:31 am

Press Release Author = PRHUB

Industry = Industrial

Press Release Summary = Delhi-based Institute of Economic Studies has conferred the
"Udyog Rattan Award" on R B Shetty, Managing Director, KITVEN (Karnataka Information
Technology Venture Capital Fund) and Member - Board of Directors, 24x7 Learning.

Press Release Body = Udyog Rattan Award conferred on R B Shetty

Recognition for playing a lead role in innovation and technology



Delhi-based Institute of Economic Studies has conferred the "Udyog Rattan Award" on
R B Shetty, Managing Director, KITVEN (Karnataka Information Technology Venture
Capital Fund) and Member - Board of Directors, 24x7 Learning. The award, conferred
in recognition for Shetty's outstanding role as a venture capitalist was presented
to him by M V Rajasekharan, Hon'ble Union Minister of State for Planning on December
23, 2006 at a special ceremony in Bangalore.

R B Shetty, a recipient of OASME Best Industrial Promoter award for 1994-95 from the
Governor of Orissa is known for his extensive knowledge of IT business models - both
from a national and international perspective. This coupled with his passion and
long term strategic vision has been instrumental in nurturing many start-ups, which
over a period have blossomed into market leaders. Being a venture capitalist,
Mr.Shetty has been closely associated with the setting up of numerous venture
capital funds in Orissa and Karnataka.

Accepting the award, Shetty said,"I am immensely pleased to receive such an honor
and it feels great that my work has been recognised. I would like to thank all the
people who supported me."

In his comments, Karthik K S, Founder and CEO, 24x7 Learning, said,"24x7 Learning is
one of the many ventures that have benefited from the able guidance of Mr.Shetty.
One of our Board Members receiving such a prestigious honor is indeed a moment to
cherish."

The 'Udyog Rattan' award is conferred every year by the Institute of Economic
Studies. The Institute was established in 1980 by a group of economists,
parliamentarians and industrialists. The organisation works on studying various
aspects of economy and economic development. The institute has its centers in Delhi,
Mumbai, Hyderabad and Bangalore.

Bangalore-based 24x7 Learning with regional offices in Mumbai, Delhi, Kolkata,
Chennai and Hyderabad, supports corporate and educational institutions in their
manpower demand and supply challenges. Having been involved in implementing and
providing eLearning solutions to companies like Wipro, Patni, MindTree, Bharti
Airtel, Xansa, Aditya Birla, Accenture, Convergys, Philips, 24/7 Customer, eServe,
Murugappa Group etc., 24x7 Learning has deep understanding and knowledge required
for leveraging eLearning to prepare the skilled manpower India Inc. needs to fuel
its growth.



Web Site = http://24x7learning.com

Contact Details = PRHUB, NO 298, Subasri, Bangalore