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      <issuerCik>0001297989</issuerCik>
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      <secFileNumber>001-33089</secFileNumber>
      <issuerAddress>
        <com:street1>320 PARK AVENUE</com:street1>
        <com:street2>29TH FLOOR</com:street2>
        <com:city>NEW YORK</com:city>
        <com:stateOrCountry>NY</com:stateOrCountry>
        <com:zipCode>10022</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>(212) 277-7100</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Minto Anne Elizabeth</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>Director</relationshipToIssuer>
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      <securitiesClassTitle>COMMON</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>FIDELITY BROKERAGE SERVICES, LLC</name>
        <address>
          <com:street1>900 SALEM STREET</com:street1>
          <com:city>SMITHFIELD</com:city>
          <com:stateOrCountry>RI</com:stateOrCountry>
          <com:zipCode>02917</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
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      <aggregateMarketValue>85074.90</aggregateMarketValue>
      <noOfUnitsOutstanding>33246709</noOfUnitsOutstanding>
      <approxSaleDate>05/10/2023</approxSaleDate>
      <securitiesExchangeName>NASDAQ</securitiesExchangeName>
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      <securitiesClassTitle>COMMON</securitiesClassTitle>
      <acquiredDate>05/10/2023</acquiredDate>
      <natureOfAcquisitionTransaction>OPTIONS GRANTED - 01/02/2014</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>ISSUER</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>557</amountOfSecuritiesAcquired>
      <paymentDate>05/10/2023</paymentDate>
      <natureOfPayment>CASH</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <noticeSignature>
      <noticeDate>05/10/2023</noticeDate>
      <signature>/s/Wade Moss, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Anne  Minto</signature>
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144
0001572473
XXXXXXXX
LIVE
0001297989
ExlService Holdings, Inc.
001-33089
320 PARK AVENUE
29TH FLOOR
NEW YORK
NY
10022
(212) 277-7100
Minto Anne Elizabeth
Director
COMMON
FIDELITY BROKERAGE SERVICES, LLC
900 SALEM STREET
SMITHFIELD
RI
02917
557
85074.90
33246709
05/10/2023
NASDAQ
COMMON
05/10/2023
OPTIONS GRANTED - 01/02/2014
ISSUER
N
557
05/10/2023
CASH
Y
05/10/2023
/s/Wade Moss, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Anne  Minto