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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1297989	Exlservice Holdings Inc.	EXLS	Services-Business Services, Nec (7389)	820572194

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1373628	Vikram Talwar	280 Park Avenue New York NY 10017	Executive Chairman	Yes	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value $0.001 Per Share	Disposition	2010-12-07	891	$21.75	807,146	No	4	S	Indirect	See footnote.
Common Stock, Par Value $0.001 Per Share	Disposition	2010-12-08	3,322	$21.75	803,824	No	4	S	Indirect	See footnote.

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See footnote.
No	4	S	Indirect	See footnote.

Footnotes

This sale was made pursuant to a 10b5-1 plan previously entered into by the Talwar 1994 Trust (the "Trust").
Reflects a transfer of 22,305 shares from the Vikram Talwar 2008 Grantor Annuity Trust #2 to The Talwar 1994 Trust.
Owned by the Trust.
This transaction was executed in multiple trades at prices ranging from $21.75 to $21.795 per share. The price reported above reflects the weighted average purchase price on the date indicated. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.