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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
EXLSERVICE HOLDINGS, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.001 PER SHARE
(Title of Class of Securities)
302081 10 4
(CUSIP Number)
DECEMBER 31, 2007
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[_] Rule 13d-1(b)
[_] Rule 13d-1(c)
[X] Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a person's
initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
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CUSIP No. 302081 10 4 SCHEDULE 13G Page 2
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1. NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Rohit Kapoor
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [_]
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3. SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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5. SOLE VOTING POWER
NUMBER OF
1,887,822
SHARES BENEFICIALLY -----------------------------------
6. SHARED VOTING POWER
OWNED BY
336,000
EACH -----------------------------------
7. SOLE DISPOSITIVE POWER
REPORTING
1,887,822
PERSON -----------------------------------
8. SHARED DISPOSITIVE POWER
WITH
336,000
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,223,822
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[_]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.72%
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12. TYPE OF REPORTING PERSON
IN
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CUSIP No. 302081 10 4 SCHEDULE 13G Page 3
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This Schedule 13G is filed by the undersigned with respect to
the shares of Common Stock, par value $0.001 per share (the "Common Stock"), of
ExlService Holdings, Inc. (the "Company")
Item 1(a). Name of Issuer:
ExlService Holdings, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
350 Park Avenue
New York, New York 10022
Item 2(a). Name of Person Filing:
Rohit Kapoor ("Mr. Kapoor");
Item 2(b). Address of Principal Business Office or, if none, Residence of
the Reporting Person:
c/o ExlService Holdings, Inc.
350 Park Avenue
New York, New York 10022
Item 2(c). Citizenship:
United States of America
Item 2(d). Title of Class of Securities:
Common Stock, par value $0.001 per share
Item 2(e). CUSIP Number:
302081 10 4
Item 3. This Schedule 13G Statement is not being filed
pursuant to Rule 13d-1(b) or Rule 13d-2(b) or (c).
Item 4. Ownership
Mr. Kapoor directly beneficially owns 1,534,275
shares of Common Stock. In addition, Mr. Kapoor is
the sole trustee of the Rohit Kapoor 2005 Grantor
Retained Annuity Trust (the "Rohit
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CUSIP No. 302081 10 4 SCHEDULE 13G Page 4
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Kapoor GRAT"), which directly owns 353,547 shares of
Common Stock. As such, Mr. Kapoor has sole
dispositive and voting power over the 1,887,822
shares of Common Stock held by him directly and held
by the Rohit Kapoor GRAT.
Mr. Kapoor may be deemed to beneficially own 84,000
shares of Common Stock directly owned by the Rohit
Kapoor 2005 Spousal Lifetime Access Trust (the
"Rohit Kapoor SLAT"). Mr. Kapoor's spouse and Mr.
Kapoor's sister-in-law are co-trustees of the Rohit
Kapoor SLAT and share dispositive and voting power
over the 84,000 shares of Common Stock owned by the
Rohit Kapoor SLAT. Mr. Kapoor disclaims beneficial
ownership of any shares of Common Stock held by the
Rohit Kapoor SLAT.
Mr. Kapoor may be deemed to beneficially own 84,000
shares of Common Stock directly owned by the Shikha
Kapoor 2005 Family Trust (the "Shikha Kapoor 2005
Trust"). Mr. Kapoor and Mr. Kapoor's sister-in-law
are co-trustees of the Shikha Kapoor 2005 Trust and
share dispositive and voting power over the 84,000
shares of Common Stock owned by the Shikha Kapoor
2005 Trust. Mr. Kapoor disclaims beneficial
ownership of any shares of Common Stock held by the
Shikha Kapoor 2005 Trust.
Mr. Kapoor may be deemed to beneficially own 84,000
shares of Common Stock directly owned by the Vikram
Talwar 2004 Spousal Lifetime Access Trust (the
"Vikram Talwar SLAT"). Mr. Kapoor is a co-trustee of
the Vikram Talwar SLAT and shares dispositive and
voting power over the 84,000 shares of Common Stock
owned by the Vikram Talwar SLAT. Mr. Kapoor
disclaims beneficial ownership of any shares of
Common Stock held by the Vikram Talwar SLAT.
Mr. Kapoor may be deemed to beneficially own 84,000
shares of Common Stock directly owned by the Urvashi
Talwar 2004 Spousal Lifetime Access Trust (the
"Urvashi Talwar SLAT"). Mr. Kapoor is a co-trustee
of the Urvashi Talwar SLAT and shares dispositive
and voting power over the 84,000 shares of Common
Stock owned by the Urvashi Talwar SLAT. Mr. Kapoor
disclaims beneficial ownership of any shares of
Common Stock held by the Urvashi Talwar SLAT.
Item 5. Ownership of Five Percent or Less of a Class
Not Applicable
Item 6. Ownership of More than Five Percent on Behalf of Another
Person
Not Applicable
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CUSIP No. 302081 10 4 SCHEDULE 13G Page 5
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Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company or Control Person
Not Applicable
Item 8. Identification and Classification of Members of the Group
Not Applicable
Item 9. Notice of Dissolution of Group
Not Applicable
Item 10. Certifications
Not Applicable
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CUSIP No. 302081 10 4 SCHEDULE 13G Page 6
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SIGNATURES
After reasonable inquiry and to the best of our knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Date: February 14, 2008
/s/ Rohit Kapoor
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Rohit Kapoor