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                                                                   EXHIBIT 10.15

                                  DEED OF LEASE

ARTICLE 1: PARTIES

      This DEED OF LEASE is made and executed in Bangalore on this the sixteenth
day of October Two Thousand and Two

                                 BY AND BETWEEN

1.    Mr. M Srinivas Reddy son of Late K.T. Muni Reddy and

2.    Ms. K C Komala daughter of K T. Chinappa Reddy

3.    Ms. Akkayamma wife of Late K. T. Muni Reddy

4.    Ms. Chikka Muniyamma daughter of Late K.T. Muni Reddy

5.    Ms. Rathnamma daughter of Late K.T Muni Reddy

Person 1 named above residing at No.131, Anjaneya Temple Street, Koramangala
Village, Bangalore 560095 and person 2 named above residing at No. 33, 5'h
Block, Koramangala, Bangalore 560095, hereinafter collectively referred to as
"the Lessors" (which expression shall unless repugnant to the context mean and
include their respective heirs, legal representatives, administrators, executors
and assigns) and persons 3, 4, & 5 named above are hereinafter collectively
referred to as the "Consenting Parties" (which expression shall unless repugnant
to the context mean and include their respective heirs, legal representatives,
administrators, executors and assigns) of the One Part

                                       AND

HEALTHSCRIBE INDIA LIMITED, a Company registered under the Companies Act, 1956,
having its Registered Office at One HealthScribe Plaza, Koramangala Block 8,
Bangalore -560 095 represented herein by its Vice President, Mr. Surya V.
Ciryam, hereinafter called "the Lessee" (which expression shall unless repugnant
to the context mean and include its successors-in-interest and assigns) of the
Other Part.

WITNESSETH:

ARTICLE 2: GRANT OF LEASE

      The Lessors hereby grant to the Lessee and the Lessee hereby accepts from
the Lessors a lease of all that piece and parcel of property fully described in
Article 3 herein below.

ARTICLE 3: DESCRIPTION OF THE PROPERTY

      The property hereby leased is all that piece and parcel of property being
ground floor and first floor of the building having a total built area of 4480
square feet constructed on land bearing Khata No.873, House list No.637,
Koramangala Village, Begur Hobli, Bangalore South Taluk, Bangalore District with
new BMP address bearing No. 1/3, H Main Road, K R Garden, Ward
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no.67, Koramangala, Bangalore South Taluk. The boundaries and measurement of the
aforesaid property bearing Khata No.873 are as follows:

East by: Krishna Reddy's property

West by: K.M Narayana Reddy's property

North by: 10 feet access passage between K. T Chinappa Reddy and Pillappa Reddy
properties

South by: K. M Narayana Reddy property

The property hereby leased is hereinafter referred to as "the Demised Premises".
ARTICLE 4:

ARTICLE 4: TERM, RENEWAL OPTION AND TERMINATION OPTION

      (a)   TERM

            The term of the lease shall be initially for a period of five years
            and six months commencing from I" October 2002 ending on 31" March
            2008.

      (b)   RENEWAL OPTION

            (1)   The Lessee shall have the option to renew the lease by giving
                  a written notice of not less than sixty (60) days-to the
                  Lessors, for such further period or periods and on such same
                  terms and conditions as the Lessors and the Lessee may
                  mutually agree upon.

            (2)   The parties shall execute a fresh Lease Deed for the renewed
                  term.

      (c)   TERMINATION OPTION

            (1)   The Lessee shall have the right to terminate the lease,
                  without assigning any reason whatsoever by written notice to
                  the Lessors of its intent to so terminate of not less than
                  sixty (60) days prior to the Termination Date ("Termination
                  Option") or compensation in lieu of such notice period.

            (2)   In addition, in the event of the Lessors committing a breach
                  of any of the terms of this lease deed, or failing to fulfill
                  any of their obligations under this lease deed, the Lessee
                  shall be entitled to terminate this lease deed after giving a
                  written notice of thirty (30) days, provided that the Lessee
                  shall not be so entitled if the Lessors commence to remedy the
                  breach before the expiry of the above mentioned notice period.

            (3)   The Lessors shall be entitled to terminate this lease in the
                  event the Lessee breaches any of the terms of this lease deed
                  and/or defaults of payment of rent for two consecutive months,
                  by giving the Lessee a written notice of thirty (30) days,
                  provided that the Lessor shall not be entitled to so

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                  terminate if the Lessee commences to remedy the breach before
                  the expiry of the above mentioned notice period.

            (4)   In any of the above cases, if the Lessee or Lessor exercise
                  their Termination Option, this lease shall stand terminated
                  effective as of the Termination Date and be of no further
                  force or effect and the Lessors shall on the Termination Date
                  and upon the Lessee surrendering the Demised Premises as
                  provided in Article 18 herein below refund to the Lessee the
                  Refundable Security Deposit and other moneys due by them to
                  the Lessee. If the Lessors fail to so refund, the Lessors
                  shall be liable to pay interest thereon at 18 percent per
                  annum and the Lessee shall be entitled to retain possession of
                  the Demised Premises until such time, free of lease rentals.

ARTICLE 5: RENT AND SECURITY DEPOSIT

      (a)   RENT

            (1)   The rent payable by the Lessee to the Lessors for the Demised
                  Premises shall be Rs.10/- (Rupees Ten only) per SFT, per month
                  of the total built area of 4480 SFT, such rent to be increased
                  every two years of the lease term by 15% over and above the
                  rent paid for the last preceding month.

            (2)   The tenancy month shall be the English Calendar month.

            (3)   It is hereby agreed by the Lessors that the rent shall be paid
                  in advance on or before 8th day of every calendar month for
                  which the rent shall be due by way of two Account Payee local
                  cheques dividing equally the total rent payable as per this
                  deed between the two Lessors, one drawn in favour of Mr. M.
                  Srinivas Reddy and the other in favour of Ms. K.C. Komala.

            (4)   The Lessee may wberever necessary deduct the tax at source as
                  per the provisions of the Income Tax Act, 1961 and issue the
                  necessary Certificates at the end of each financial year.

            (5)   The payment of rent for the ground floor measuring 2080 square
                  feet to begin from October 1st 2002 and rent for the first
                  floor measuring 2400 square feet from December 1st 2002 on
                  handing over possession of the same by the Lessors to the
                  Lessee on or before such date. Should there be any delay in
                  such handing over, rent for the first floor shall begin from
                  such date of hand over.

      (b)   REFUNDABLE SECURITY DEPOSIT

            (1)   The Lessee has this day, at the time of execution of this Deed
                  of Lease, paid to the Lessors as Refundable Security Deposit a
                  sum of Rs. 6,72,000/-(Rupees six lakhs seventy two thousands
                  only) divided equally between the two Lessors, Mr. M. Srinivas
                  Reddy and Ms. K.C. Komala, a sum of Rs. 3,36,000 (Rupees three
                  lakhs thirty six thousands) each, receipt

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                  of which the Lessors hereby acknowledge. The Lessors shall
                  hold the Refundable Security Deposit during the term of the
                  lease and shall refund the said amount as provided in Article
                  4(c)(4).

            (2)   A sum of Rs. 5000 (rupees five thousand only) paid as nominal
                  advance vide clause No. 8 of our Letter Of Intent dated July
                  16, 2002 to be deducted from the amount payable as per
                  Article 5(b)(1) above to Lessor 1 (Mr. M. Srinivas Reddy)

            (3)   A sum of Rs. 48,000 (rupees forty-eight thousand only) divided
                  equally between the two Lessors (Rs. 24,000 each) to be
                  deducted from the amount payable as per Article 5(b)(1) above
                  being the maximum amount agreed by the Lessors to be borne by
                  them for the interior works of the first floor toilets which
                  will be. done by the Lessee. Refer clause No. 3(xvi) of our
                  Letter Of Intent dated July 16, 2002.

ARTICLE 6: LESSEE'S ENTITLEMENT THE LESSEE SHALL BE ENTITLED TO:

The Lessee shall be entitled to:

(a)   To do up the interior of the Demised Premises, at the discretion and as
      required by the Lessee and to install such fixtures, fittings, furniture,
      etc. as the Lessee deems fit, without causing any structural damage to the
      Premises.

(b)   To make any additions or alterations to light points, wiring, electrical
      fixtures and fittings,

(c)   To erect partitions, to make cabins, install room air-conditioners or
      central air-conditioning plant and related accessories including cooling
      towers,

(d)   To affix or install any and all communication apparatus or equipment
      including but not limited to Dish Antennae,

(e)   To erect or install infrastructure necessities for the purpose of affixing
      or installing the said communication apparatus or equipment,

(f)   To install generator sets, diesel storage tank, transformer, and
      switchgear in the Demised Premises,

(g)   To set up computer system, to lay cables, to change sanitary fittings, if
      required, and to install facsimile and other facilities in the Demised
      Premises,

(h)   To display signboard, neon signs, advertisements in any part of the
      Demised Premises,

(i)   To fix or install such other devices, gadgets and equipments as the Lessee
      may deem fit from time to time for the purpose of carrying on its
      business,

(j)   To run a GYM exclusively for its employees,

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(k)   To allow parking of vehicles for its employees,

(l)   To offer any of the items of furniture, fixtures and other installations
      and fittings for sale to the Lessors upon the expiry of the lease term and
      if the Lessors refuses to purchase, to remove, at its discretion, such
      additions, alterations, air-conditioners, internal partitions, cabins,
      devices, gadgets, carpets, electrical fittings, furniture and fixtures and
      other equipments installed by the Lessee, whether or not affixed to the
      earth or to the building, without causing any structural damage to the
      Demised Premises.

ARTICLE 7: LESSEE'S COVENANTS

The Lessee hereby covenants with the Lessors that it shall:

(a)   Pay charges for electricity and water consumed by the Lessee in the
      Demised Premises as per separate meters provided therefor;

(b)   Maintain the interiors of the Demised Premises, their doors, windows,
      fittings and accessories in good condition;

(c)   Keep the Demised Premises in good order and condition, reasonable wear and
      tear excepted;

(d)   Not carry on or permit to be carried on in the Demised Premises any
      offensive trade or business nor use the same or allow the same to be used
      for any illegal purpose;

(e)   Not carry out any structural alterations to the Demised Premises, and

(f)   Not to bring in or store in the Demised Premises any hazardous goods or
      goods which are of combustible or inflammable nature;

ARTICLE 8: LESSORS' COVENANTS

The Lessors covenants that:

(a)   The Lessors have a good and marketable title to the Demised Premises;

(b)   The Lessors are seized of and are entitled both in law and on facts to
      lease the Demised Premises in the manner and on the terms and conditions
      herein set out;

(c)   The Demised Premises have been constructed in accordance with the plans
      sanctioned and the rules, regulations and byelaws of the concerned
      local/State/Central Government Authorities and the Lessors have obtained
      all permissions/sanctions/approvals from the said Authorities for the
      construction.

(d)   In the event of there being a breach of any or all the covenants at
      Article 8 (a) to (b) above and consequent to which the Lessee being
      prevented from quiet and peaceful possession and enjoyment of the Demised
      Premises or otherwise the Lessee suffering any loss or damage due to
      default of the Lessors, the Lessors hereby agree and undertake to

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      keep and hold the Lessee indemnified and harmless at all times against
      such loss or damage.

(e)   The Lessors agree to close the entry from the North side passage of the
      Demised Premises by a brick wall and to provide temporary opening on the
      south side into the property belonging to K.M. Narayan Reddy, for purposes
      of entry into the Demised Premises, during the term of this lease. Upon
      termination of this lease the temporary entry mentioned above to the
      Demised Premises stands barred and the said opening to be compulsorily
      closed by the Lessors.

ARTICLE 9: ELECTRICAL SERVICE

      The Lessors have provided 30 KW power from the Karnataka Power
Transmission Corporation Limited (KPTCL). If the Lessee requires additional
power load, the Lessee shall be entitled to apply for and obtain the additional
power load from KPTCL or any other supplier, the cost of which shall be borne
and paid by the Lessee. Provided that upon the termination of the lease, the
Lessee may surrender the additional power load to the KPTCL and collect the
deposit made therefor or give an option to the Lessors to purchase the
additional load. If the Lessors purchase the additional power load, the Lessee
shall be entitled to collect the deposit made therefor from the Lessors. The
Lessors shall co-operate with the Lessee in regard to availing of the additional
power load and its surrender as stated above and return of the deposits if any,
to the Lessee.

ARTICLE 10: ASSIGNMENT

      The Lessee shall have the absolute right to assign this lease or sublease
the whole or any part of the Demised Premises to any of its Group Companies,
Holding Company, Subsidiary Company, Associated Company, licensees and
concessionaries without the Lessors' consent. However, the Lessee shall notify
the Lessors of such assignment or sublease and no assignment or sublease shall
release the Lessee of its obligations in this Deed of Lease.

ARTICLE 11: USE AND COMPLIANCE WITH LAW

      (a)   USE

            The Lessee shall use the Demised Premises for the purpose of
            business requirements

      (b)   COMPLIANCE WITH LAW

            The Lessors and the Lessee hereby agree to comply with the relevant
            law as may be applicable to the Demised Premises.

      (c)   FURTHER INDEMNITY

            The Lessors shall indemnify the Lessee for any loss or damage caused
            to the Lessee on account of any act done by the Lessors or their
            agents or

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            representatives in the Demised Premises and on account of latent
            defect in the Demised Premises.

ARTICLE 12:  REPAIR AND MAINTENANCE RESPONSIBILITIES

      (a)   LESSEE'S REPAIR AND MAINTENANCE RESPONSIBILITIES

            Except as provided in Article 12(b) (Lessors' Repair and Maintenance
            Responsibilities) and natural wear and tear, the Lessee shall at its
            sole cost and expenses repair and maintain the interior of the
            Demised Premises and the internal electrical, water, drainage,
            sewerage and other systems in the Demised Premises in good and
            tenantable condition.

      (b)   LESSORS' REPAIR AND MAINTENANCE RESPONSIBILITIES

            (1)   Except for the Lessees responsibilities pursuant to Article
                  12(a), the Lessors, at their cost and expense, shall keep the
                  entire Demised Premises wind and watertight at all times, for
                  the proper use of the Demised Premises including, without
                  limitation, the building's roof, foundation, structure and
                  walls, external plumbing and drainage systems and sewerage
                  lines of the building.

            (2)   If the Lessors fail to carry out the structural or major
                  repairs as aforesaid and as pointed out by the Lessee, the
                  Lessee may, upon written notice to the Lessors, be entitled to
                  carry out the said repairs and deduct the cost thereof from
                  the rent due to the Lessors.

ARTICLE 13: REAL PROPERTY TAXES

      The Lessors shall pay all present and future taxes, assessments, cess,
other charges and all outgoings imposed or levied upon in respect of the Demised
Premises by any local, State or Central Government Authorities.

ARTICLE 14: INSURANCE

        1.  INSURANCE BY THE LESSEE

            1.1   The Lessee may insure and keep insured in such adequate
                  amounts to cover replacement or loss and with reputable
                  insurance Companies the following:

          1.1.1   Such fixtures and fittings for the replacement of which the
                  Lessee is responsible;

          1.1.2   all liabilities of the Lessee and its authorized agents,
                  employees and/or representatives arising out of and in
                  connection with the Lessee's use and occupation of the Demised
                  Premises;

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      2.    INSURANCE BY THE LESSORS

            2.1   The Lessors shall maintain "All Risk Property Insurance" and
                  keep the Demised Premises and the equipments installed by the
                  Lessors therein (excluding the equipments installed by the
                  Lessee) insured subject to such exclusions and limitations as
                  may be imposed by the insurers with a reputable insurance
                  Company in such value and for loss or damage by fire, storm,
                  earthquake, riot and such other natural disasters.

            2.2   In the event of any damage or destruction resulting from any
                  such insured risks, the Lessors shall utilize all the
                  insurance proceeds on the reinstatement of the Demised
                  Premises in accordance with the existing plans, sections,
                  elevations and specifications thereof and shall provide the
                  Lessee the building reasonably equivalent to that now
                  existing.

            2.3   Lessors shall provide at their own cost the deficit amount, if
                  any, required for reinstatement of the Demised Premises over
                  and above the insurance proceeds received by it.

            2.4   If the whole or a substantial part of the Demised Premises are
                  destroyed or damaged by any natural disaster, whether insured
                  or not, so as to be unfit for the use of the Lessee, during
                  the period from the date of such destruction or damage until
                  the Demised Premises are reinstated, the rents due or a fair
                  proportion of them if there is only partial damage shall not
                  be payable by the Lessee. The period during which the Lessee
                  was unable to occupy and/or use the Demised Premises on
                  account of such damage or destruction shall not be considered
                  for the purpose of reckoning the term of the lease.

            2.5   If the whole or a substantial part of the Demised Premises is
                  destroyed or damaged by any natural disaster or as a
                  consequence of such natural disaster, the Demised Premises are
                  in such state of disrepair that the Lessee considers not
                  possible to put the Demised Premises into repair or if the
                  Lessors are prevented from repairing the Demised Premises
                  within a reasonable time for any reason beyond its control,
                  then the lease shall be deemed to have been terminated
                  effective on the day of occurrence of such natural disaster
                  and the obligation of the Lessee to pay the rent for the
                  Demised Premises shall abate.

ARTICLE 15: QUIET ENJOYMENT

      The Lessors warrant that they have the full right and authority to execute
this Deed of Lease and to grant the lease of the Demised Premises, and that the
Lessee, upon payment of the rent and performance of the covenants herein
contained, shall peaceably and quietly hold, possess and enjoy the demised
premises during the full term of this lease and any extensions

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thereof without any interruption, disturbance, claims or demands whatsoever by
the Lessors or any person(s) on behalf of the Lessors.

ARTICLE 16: LESSEE'S RIGHT OF ACCESS

      The Lessee and its employees/staff shall have 24 hours access to the
Demised Premises at all rimes during the term of the lease and Renewal Term
without any hindrance or interruption from or by the Lessors.

ARTICLE 17: LESSORS' RIGHT OF ENTRY

      The Lessee agrees to permit the Lessors to enter into and upon any part of
the Demised Premises upon giving reasonable prior written notice to the Lessee
to inspect the Demised Premises.

ARTICLE 18: SURRENDER OF PROPERTY

      Upon the expiration or termination of this lease, the Lessee shall pay all
charges for consumption of electricity and water up to that date and at its own
expense (1) remove the Lessee's goods and effects and those of persons claiming
under the Lessee, and (ii) quit and deliver up the Demised Premises peaceably
and quietly. Any property left in the demised premises after the expiration or
termination of this lease shall be deemed to have been abandoned and shall
become the property of the Lessors to dispose of as the Lessors deems expedient.

ARTICLE 19: DEFAULT REMEDIES

      (a)   LESSEE'S DEFAULT

            The occurrence of any one or more of the following shall constitute
            a default hereunder by the Lessee:

            (1)   Failure to pay the rent for sixty (60) days consecutively and
                  if the failure continues for ten (10) days after written
                  notice has been received by the Lessee from the Lessors;

            (2)   Failure to perform any other provision of this Deed of Lease
                  and if such failure to perform is not cured within fifteen
                  (15) days after written notice has been received by the
                  Lessee, provided that, the Lessee shall not be in default of
                  this Deed of Lease if the Lessee commences to cure the default
                  within the fifteen (15) day period and diligently and in good
                  faith continues to cure the default.

Notices given under this Article shall specify the alleged default and the
applicable provision(s) hereof, and shall demand that the Lessee performs the
provisions of this Deed of Lease or pay the rent that is in arrears, as the case
may be, within the applicable period of time.

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      (b)   LESSORS' REMEDIES

            In the event of any such default by the Lessee, the Lessors may at
            any time after expiration of the applicable cure period:

            (1)   Terminate the Lessee's right to possession of the Demised
                  Premises by any lawful means, in which case, this lease and
                  the term hereof shall terminate and the Lessors shall be
                  entitled to recover, by lawful means, possession of the
                  Demised Premises from the Lessee; OR

            (2)   Maintain the Lessee's right to possession in which case this
                  lease shall continue in effect. In such event the Lessors
                  shall be entitled to enforce all or any of the Lessors' rights
                  and remedies under this Deed of Lease; OR

            (3)   Pursue any other remedy now or hereafter available to the
                  Lessors under the laws or judicial decisions of the State
                  where the Demised Premises are located.

            (4)   In the case of the Lessee's default as contemplated herein,
                  the Lessors shall have a duty to mitigate its damages.

      (c)   LESSEE'S REMEDIES

            In the event of any failure by the Lessors to perform any of its
            obligations under this Deed of Lease, the Lessee (except in the case
            of an emergency) shall take no action without having first given the
            Lessors written notice of any such default. Following such written
            notice and failure by the Lessors to cure within thirty (30) days,
            the Lessee shall have all rights available to it at Law or in equity
            and shall have the further right to take the necessary actions to
            perform the Lessors' uncured obligations under this Deed of Lease
            and invoice the Lessors for the costs and other expenses thereof,
            unless the Lessors have diligently commenced to perform its uncured
            obligations under this Deed of Lease within the said thirty (30) day
            period. The Lessors shall remit payment to the Lessee within ten
            (10) days of receipt of invoice from the Lessee. If the Lessors fail
            to remit payment to the Lessee within the aforesaid ten (10) day
            period, the Lessee shall have the right to offset and deduct the
            said sum from the rent.

ARTICLE 20: RIGHT OF FIRST REFUSAL

      The Lessee shall have the right of first refusal to take the second floor
of the property bearing Khata No.873, House list No.637, Koramangala Village,
Begur Hobli, Bangalore South Taluk, as and when constructed. The Lessors shall
not offer the second floor for lease to any third party unless the Lessee shall
have refused in writing to take the same on lease.

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ARTICLE 21:  GENERAL PROVISION

      (a)   WAIVER OF BREACH

            No failure by either of the parties to perform any covenant, term or
            condition or provision of this Deed of Lease or to exercise any
            right or remedy consequent upon a breach of this Deed of Lease shall
            constitute a waiver of any such breach or of such covenant, term or
            condition or provision. No waiver of any breach shall affect or
            alter this Lease, but each and every covenant, condition, term of
            this lease shall continue in full force and effect with respect to
            any other then existing or subsequent breach.

      (b)   MODIFICATION.

            This Deed of Lease is not subject to modification except in a
            writing that all the parties to this Deed of Lease sign.

      (c)   JURISDICTION

            Courts in Bangalore alone shall have jurisdiction to try and dispose
            of any proceedings concerning this document and the lease created
            herein.

      (d)   NOTICE

            Any notice or other communication given or made in accordance with
            this Deed of Lease shall be in writing and be sent in any manner
            recognized by law either at the address of that party shown on the
            first page of this Deed or at any other address it may from time to
            time notify to the other party as being its address for service for
            the purposes of this Deed.

IN WITNESS WHEREOF, the parties hereto have set their respective hands to these
presents on the day, month and year first above written.

Signed/LTI and delivered by the said)
Lessors/Consenting parties}                        /s/ M. Srinivas Reddy
above named}                                       Mr. M. Srinivas Reddy
                                                   /s/ K.C. Komala
                                                   Ms. K.C. Komala
                                                   /s/ Akkayamma
                                                   Ms. Akkayamma
                                                   /s/ Chikka Mumyamma
                                                   Ms. Chikka Mumyamma
                                                   /s/ M. Rathnamma
                                                   Ms. Rathnamma

Signed and delivered by the said)      For HealthScribe India Limited:
Authorized signatory, for and on)      /s/ Surya V. Ciryam
behalf of the Lessee above named)      Mr. Surya V. Ciryam, Authorized Signatory

Witnesses:

       /s/