ExlService Holdings, Inc. - Ownership Profile

Shareholder Breakdown
	Holders	Values ($)	% O/S	Shares
Institution	105	646,082,838.00	74.33	23,341,143
Mutual Fund	181	290,507,580.00	33.42	10,495,216

Institutional Shareholder Rotation
	Holders	Values Change ($)	% O/S	Shares Change
Buyers	59	93,851,920.00	44.53	3,390,604
Sellers	34	-30,624,350.00	24.46	-1,106,371
Net	--	63,227,570.00	20.07	2,284,233

Institutional Shareholder Concentration
	Values ($)	% O/S	Shares
Top 10 Inst.	414,561,201	47.69	14,976,922
Top 20 Inst.	529,643,820.00	60.93	19,134,531
Top 50 Inst.	628,713,086.00	72.33	22,713,623
Total Inst.	646,082,838.00	74.33	23,341,143

Institutional Shareholder Style
	Holders	Values ($)	% O/S	Shares
GARP	54	234,027,701	36.22	8,454,758
Aggressive Growth	19	267,417,255	41.39	9,661,028
Value	14	62,159,038	9.62	2,245,630
Growth	9	14,637,350	2.27	528,806
Index	6	65,783,597	10.18	2,376,575
Yield	3	2,057,897	0.32	74,346

Top Holders: Institutional Investor
	Shares Held	% O/S	Shares Change	Filing Date
Columbia Wanger Asset Management LLC	3,049,060	9.71	354,210	03/31/2012
Wellington Management Co. LLP	2,444,693	7.79	-170,280	03/31/2012
BlackRock Advisors LLC	2,103,856	6.70	-23,412	03/31/2012
TimesSquare Capital Management LLC	1,781,633	5.67	220,000	03/31/2012
Wasatch Advisors, Inc.	1,250,898	3.98	446,792	03/31/2012
The Vanguard Group, Inc.	1,055,094	3.36	47,172	03/31/2012
BlackRock Fund Advisors	906,370	2.89	64,538	03/31/2012
William Blair & Co. LLC (Investment Management)	870,318	2.77	240,706	03/31/2012
SRS Investment Management LLC	800,000	2.55	0	03/31/2012
Royce & Associates LLC	715,000	2.28	0	03/31/2012
Dimensional Fund Advisors, Inc.	560,266	1.78	17,083	03/31/2012
Russell Investment Management Co.	537,242	1.71	-44,339	03/31/2012
Next Century Growth Investors LLC	466,768	1.49	95,600	03/31/2012
The Boston Company Asset Management LLC	443,842	1.41	-261,723	03/31/2012
Arbor Capital Management LLC (Minnesota)	427,800	1.36	-147,300	03/31/2012
Pyramis Global Advisors LLC	423,320	1.35	423,320	03/31/2012
Columbia Management Investment Advisers LLC	375,548	1.20	64,050	03/31/2012
State Street Global Advisors	325,667	1.04	11,766	03/31/2012
Lord, Abbett & Co. LLC	317,879	1.01	317,879	03/31/2012
M&I Investment Management Corp.	279,277	0.89	-4,547	03/31/2012
Northern Trust Investments	263,321	0.84	27,017	03/31/2012
BNY Mellon Asset Management	241,266	0.77	-51,662	03/31/2012

Ownership data is provided by FactSet, a third party service, and ExlService Holdings, Inc. does not maintain or provide information directly to this service.