<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM AUDITED FINANCIAL STATEMENTS FOR THE YEARS ENDED MARCH 31, 1999 AND 1998 </LEGEND> <CURRENCY> INDIAN RUPEES <PERIOD-TYPE> OTHER OTHER <FISCAL-YEAR-END> MAR-31-1999 MAR-31-1998 <PERIOD-START> APR-01-1998 APR-01-1997 <PERIOD-END> MAR-31-1999 MAR-31-1998 <EXCHANGE-RATE> 43.45 43.45 <CASH> 125,547,453 9,911,667 <SECURITIES> 0 0 <RECEIVABLES> 45,087,639 1,945,483 <ALLOWANCES> 501,839 0 <INVENTORY> 6,758,190 0 <CURRENT-ASSETS> 251,654,638 22,922,612 <PP&E> 162,833,876 63,240,894 <DEPRECIATION> 46,714,402 18,781,598 <TOTAL-ASSETS> 454,888,421 107,632,256 <CURRENT-LIABILITIES> 273,361,369 28,277,473 <BONDS> 0 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 157,500,000 75,002,300 <OTHER-SE> (89,882,192) (127,561,478) <TOTAL-LIABILITY-AND-EQUITY> 454,888,421 107,632,256 <SALES> 103,343,832 6,805,020 <TOTAL-REVENUES> 103,343,832 6,805,020 <CGS> 63,651,265 19,497,654 <TOTAL-COSTS> 263,932,777 99,897,331 <OTHER-EXPENSES> 26,786,720 7,498,053 <LOSS-PROVISION> 501,839 0 <INTEREST-EXPENSE> 27,754,615 11,307,320 <INCOME-PRETAX> (187,375,665) (100,590,364) <INCOME-TAX> 0 0 <INCOME-CONTINUING> (187,375,665) (100,590,364) <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> (187,375,665) (100,590,364) <EPS-BASIC> (17.31) (121.66) <EPS-DILUTED> 0 0