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Syntel

Syntel
Company typePublic (Nasdaq - SYNT)
IndustryInformation technology
FoundedTroy, Michigan , 1980
Founder(s)Bharat Desai, Neerja Sethi
HeadquartersTroy, Michigan
No. of locations27 offices worldwide
Area servedWorldwide
Key peopleBharat Desai, Chairman
Prashant Ranade, CEO
Arvind Godbole, CFO
ProductsList of Syntel services
Revenue$532.1 million (2010)
Employeesover 17,600 (March, 2011)

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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 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.


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