Syntel

Company Overview
Syntel, Inc. 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. 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 March 31, 2011, Syntel has over 17,600 employees and annual revenues in excess of $532 million.

Worldwide Offices
Syntel's global headquarters is located in Troy, Michigan, in suburban Detroit. Syntel has 27 worldwide facilities, located in the Germany, Singapore, and Hong Kong. The company's offshore software development centers are located in Mumbai, Hyderabad, Chennai, and Pune, India. Its US-based development centers are located in Phoenix, Arizona; Nashvill, Tennessee; and Memphis, Tennessee. Syntel's Mumbai development centers currently employ over 4,000 software professionals, with another 2,000 located in Chennai. In 2004, Syntel broke ground on a new technology campus in Pune, India. The first phase, opened in 2005, has capacity for 3,000 employees. When completed, the facility will house over 9,000 software engineers. Syntel also opened the first phase of its new 27-acre (110,000 m 2) technology campus in Chennai, India in May, 2010. The Chennai campus currently has capacity for 1,700 developers, with plans to eventually expand the facility to accommodate a staff of 10,000.

Company history

1980: Syntel founded as a staff augmentation firm, an offering later known as TeamSourcing. 1988: Syntel begins providing full lifecycle maintenance, development, and migration services, which later evolve into the IntelliSourcing service offering.

1992: Syntel opens its first two Global Development Centers in Mumbai and Chennai India, making it one of the first U.S.-based IT service companies to employ a global delivery model. 1994: Syntels revenues top $50 million and employs over 1,000 staff. 1994: Syntel opens a third Global Development Center in Cary, North Carolina, which serves as US hub for Syntel's global voice and data network. 1997: Syntel becomes a public company in August, as the stock begins trading on NASDAQ as SYNT; 3.45 million shares floated in its Initial Public Offering (IPO); Syntel opens offices in London and Singapore; revenues pass the $100 million mark. 1998: Syntel's Mumbai and Chennai Global Development Centers earn ISO 9001 certification; Syntel ranked #2 in Forbes 200 Best Small Companies in America 2000: Syntel begins exploring BPO service offerings by migrating its own HR, Finance and Helpdesk operations from the US to India. 2001: Syntels Global Development Centers assessed at SEI CMM Level 5, making Syntel one of only 15 U.S. companies to achieve this standard; Syntel opens healthcare-focused Global Development Center in Nashville, TN and a regional office in Munich, Germany. 2002: Syntel opens Global Development Centers in Phoenix, AZ and Pune, India. 2003: Syntels Global Development Centers in Mumbai and Chennai achieve ISO 9001:2000 certification. 2004: Syntel opens dedicated BPO center in Mumbai; Syntels Global Development Centers achieve BS 7799 security certification. 2005: Syntel's Global Development Centers achieve SEI CMMi Level 5; Syntel opens the first phase of its Pune Technology Campus. Syntel acquires a 27-acre (110,000 m2) parcel of land in Chennai for a second technology campus. 2008: Syntel breaks ground on its Chennai technology campus and records more than $400 million in revenues for the first time. 2009: Syntel promotes Keshav Murugesh to the post of President & CEO. Bharat Desai remains as Chairman of the Board. 2010: Prashant Ranade becomes Syntel CEO; Syntel opens the first phase of its Chennai technology campus

Technological capacity and growth

Hilbert and Lopez identify the exponential pace of technological change (a kind of Moore's law): machines application-specific capacity to compute information per capita has roughly doubled every 14 months between 1986-2007; the per capita capacity of the worlds general-purpose computers has doubled every 18 months during the same two decades; the global telecommunication capacity per capita doubled every 34 months; the worlds storage capacity per capita required roughly 40 months to double (every 3 years); and per capita broadcast information has doubled roughly every 12.3 years.

Customers
Syntel Customers are the Who's Who of the Global 2000 Syntel supports the business processes and application portfolios for some of the largest companies in the Global 2000. With over 130 customers, our repeat business is over 90 percent! A partial customer roster is provided below. BANKING AND FINANCIAL SERVICES Aviva Capital Management Confluence DundeeWealth Investors Bank & Trust JPMorgan Chase Moody's PineBridge Global Investments Pioneer Investments Portfolio Recovery Associates INSURANCE CNA Progressive Sircon UnirisX HEALTH CARE & LIFE SCIENCES Concentra First Health Services HCA HCR Manor Care Healthcare Management Systems Humana Life Line Screening Retail Health Network Surgical Care Affiliates LOGISTICS FedEx MANUFACTURING Denel Aerospace Systems Portfolio Europe Schneider Electric Takata RETAIL 1-800-FLOWERS.COM

Belk Golfsmith Oriental Trading Company Rite Aid Shoppers Stop Target Corporation
TELECOM Goodman Networks TOURS & TRAVEL Airlines Reporting Corp. Thomas Cook

Partnerships and Alliances

Syntel continually evaluates the global landscape to identify the best technology and software products to combine with our services and frameworks to deliver end-to-end solutions. We look for organizations that have a clear vision, a strong management team, and a distinct competitive advantage.

Investors
Syntel is a well-managed organization that has gained a reputation as a straight-talking, no hype firm that delivers consistent financial performance. With considerable cash reserves, no debt, and revenues in excess of $532 million in 2010, we have the financial stability to reinvest and grow with our customers. The stock trades on NASDAQ under the symbol SYNT. We are a global provider of custom outsourcing solutions in a broad spectrum of information technology and information technology-enabled services. Our portfolio of services includes complex software application development & maintenance services, platform migration solutions, Knowledge Process Outsourcing (KPO), e-Business development and integration, wireless solutions, data warehousing, and cloud computing implementations. Syntel was the first US-based firm to launch a Global Delivery Service to drive speed-tomarket and quality advantages for its customers. Syntel's 18,000+ employees operate from centers in the US, Europe, and Asia.

Latest Financial News

Oct 24, 2011 Syntel Enterprise Virtualization Project Wins CIO100 Award Oct 20, 2011 Syntel Reports Third Quarter 2011 Financial Results Oct 19, 2011 Syntel Named #27 Small Company in America by Forbes Oct 17, 2011 Syntel, Inc. Announces Estimated Third Quarter 2011 Revenue Growth of Approximately 19% and a One-Time Charge to Earnings Resulting From Resolution of a Services Dispute

Industry Focus
Company experts are delivering real world domain experience to our customers, helping them optimize their technology and business processes.

Banking & Financial Services o Banking o Capital Markets o Cards & Payments o Risk & Compliance o KPO Healthcare & Life Sciences o Life Sciences/Pharma o Payers o Providers o KPO Banking & Financial Services o Banking o Capital Markets o Cards & Payments o Risk & Compliance o KPO Healthcare & Life Sciences o Life Sciences/Pharma o Payers o Providers o KPO

Executive Team
Board of Directors Bharat Desai Chairman and Co-founder of Syntel, Inc. Neerja Sethi Vice President and Co-founder of Syntel, Inc. Paritosh Choksi Executive Vice President, COO, CFO and Board Member, Atel Capital Group Thomas Doke Former Executive Vice President and CFO of Dematic Corp., USA Rajesh Mashruwala Former Executive VP and COO, TIBCO Software George R. Mrkonic Jr. Former Vice Chairman, Borders Group Prashant Ranade Chief Executive Officer and President, Syntel, Inc. Executive Leadership Bharat Desai Chairman and Co-founder With Syntel since 1980 Prashant Ranade Chief Executive Officer and President With Syntel since 2010 Arvind Godbole Chief Financial Officer & Chief Information Security Officer With Syntel since 2001 Daniel Moore Chief Administrative Officer, General Counsel and Secretary With Syntel since 1996

V.S. Raj Chief Executive Officer, State Street Syntel Services Private Limited With Syntel since 2008 Rajesh Save Global Head - Human Resources With Syntel since 2011 Anil Jain Sr. Vice President, Insurance Business Unit Head With Syntel since 1993 Rakesh Khanna President, Business Unit - Banking and Finance With Syntel since 2005 Amit Chatterjee Senior Vice President, Europe Head With Syntel since 2008 Murlidhar Reddy Vice President, Healthcare and Life Sciences Business Unit Head With Syntel since 2003 Raja Ray Sr. Vice President, Retail, Logistics and Telecom Business Unit With Syntel since 2009