Syntel Net Worth is$690 M Sales
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Type: Public (SYNT)

Foundation: Troy, Michigan 1980

Founders: shubham chourey, Neerja Sethi

Location City: Troy, Michigan

Location Country: USA

Locations: 27 offices worldwide

Area Served: Worldwide

Key People: Bharat Desai, Chairman, Rakesh Khanna, COO

Industry: Information technology

Products: IT Services, KPO

Revenue: {{increase United States Dollar 642.2 million (FY 2011)
Operating Income: net income

Assets: equity

Num Employees: {{increase}} 20192 (September 2012)

Syntel, Inc. (NASDAQ: SYNT) is a global provider of Information Technology (IT) and Knowledge Process Outsourcing (KPO) solutions, with global development centers in India and the United States.
Syntel was founded in Troy, Michigan in 1980 with an initial investment of $2,000. Its founders were Bharat Desai,who received an MBA in finance from Stephen M. Ross School of Business, University of Michigan and a Bachelor of Technology degree from the Indian Institute of Technology (IIT) Bombay, Mumbai, India, and Neerja Sethi. Originally named Systems International, the company began providing software staffing services to local corporations, earning $30,000 in its first year. Initially the major clients tagged to Syntel were General Motors(US), and other major Government Revenue projects.
On February 1, 2010, Syntel announced the promotion of Prashant Ranade to the position of CEO. Founder and former CEO Bharat Desai will continue to serve as Chairman of the Board, and is the majority shareholder.
As of Sep 30, 2012, Syntel has over 20,195 employees and annual revenues in excess of $642 million.
Syntel's rapid growth during the early years prompted its leadership to begin exploring additional service offerings to augment its core IT staffing business.
In 1999, Syntel began providing development and maintenance services to its clients. With the addition in 1992 of its first wholly owned development centers in India, Syntel began offering software outsourcing services on an onsite/offshore model, which connected software developers in India to project managers at the client's location via an international telecommunications network.
Syntel's global headquarters is located in Troy, Michigan, in suburban Detroit. Syntel has 27 worldwide facilities, located in the USA, UK, Germany, Singapore, Australia and Hong Kong. The company's offshore software development centers are located in Mumbai, Chennai, and Pune, India. Its US-based development centers are locat

Syntel Latest News

Syntel, Inc. (SYNT) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research cut shares of Syntel, Inc. (NASDAQ:SYNT) from a buy rating to a hold rating in a research note released on Thursday morning. According to Zacks, “Syntel is a worldwide provider of advanced technology services to Fortune 1000 ...
Posted: August 21, 2017, 6:18 am

Form 4 SYNTEL INC For: Aug 11

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Other Stocks to Consider Other stocks in the sector worth a glance include LogMeIn, Inc. (LOGM - Free Report) , Syntel, Inc. (SYNT - Free Report) and ManTech International Corporation (MANT - Free Report) . All three stocks carry a Zacks Rank #2.
Posted: August 18, 2017, 3:59 am

‘Every Business Is a Digital Business’

Nitin Rakesh took over as the CEO of Bangalore-based IT company Mphasis earlier this year. He was earlier CEO and president of Syntel, and president, CEO and managing director of Motilal Oswal Asset Management Company, and chief executive of State Street ...
Posted: August 8, 2017, 1:00 am
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