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) Homepage:
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 (NASDAQ:SYNT) has been downgraded from Buy to Hold in a statement by SunTrust today.

Having a price of $21.38, Syntel (NASDAQ:SYNT) traded -5.52% lower on the day. With the last stock price close down -50.22% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time. The company has ...
Posted: October 24, 2016, 5:25 am

Syntel Inc. (SYNT) Stock Price Down 4.6% Following Analyst Downgrade

Syntel Inc. (NASDAQ:SYNT)’s share price was down 4.6% during trading on Friday after TheStreet downgraded the stock from a hold rating to a sell rating. The company traded as low as $21.53 and last traded at $21.59, with a volume of 984,548 shares traded.
Posted: October 23, 2016, 4:16 am

Syntel Inc. (SYNT) Releases Quarterly Earnings Results

Syntel Inc. (NASDAQ:SYNT) announced its quarterly earnings data on Thursday. The company reported ($2.58) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.59) by $0.01. The business earned $241.30 million during the quarter ...
Posted: October 20, 2016, 10:27 pm
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