Tutis Technologies Ltd has informed BSE that Basiz Fund Service Pvt Ltd (”Basiz”), a subsidiary company of Vishal Information Technologies Ltd, subsidiary company of Tutis Technologies Ltd, has received capital investment of Rs 8,56,40,000/- (Rupees Eight Crores Fifty Six Lacs Forty Thousand only) on June 13, 2008 from NEA Indo US Venture Capital LLC, (”NEA”) a company having its registered office at Mauritius towards investment into equity and Cumulative Convertible Participative Preference Shares. Basiz has also appointed Dr. Kumar Shiralagi, as a nominee of NEA as a Director on its Board. The said funds will be utilized for development and marketing of fund accounting services provided by Basiz.