Tags: Aerospace, Automotive industries, Financial Services, Global Challengers 300, Healthcare/Life Sciences, insurance, Knowledge Process Outsourcing, KPO, Manufacturing, retail, S&P Global Challengers List, Syntel, syntelinc.com, Telecom

Syntel, Inc., a global information technology services and Knowledge Process Outsourcing (KPO) company, today announced that it was named to the S&P Global Challengers List™, which is comprised of mid-size companies that are expected to emerge as challengers to the world’s leading companies.

In order to qualify for the ranking, companies must be publicly traded, have a market capitalization between $1 billion and $5 billion, and display positive three-year growth in stock price, EPS, sales, and employee count.

According to the Standard & Poor’s report, ”Mid-cap companies possess a strategic advantage relative to firms of smaller or larger sizes… offering stability as well as future growth opportunities.”

Syntel, which was founded in 1980, has experienced 17 consecutive quarters of revenue growth and its workforce has more than tripled during that period to over 12,000 employees today.

“We are extremely pleased that S&P has recognized the emergence of well performing mid-tier IT firms like Syntel,” said Syntel Chairman and CEO Bharat Desai. “Their findings support research from leading industry analysts that highlight the strength of mid-tier providers as capable alternatives to large market players. We feel that Syntel’s size, stability, services and culture have the company well-positioned to move from the role of challenger into a leadership position.”

Syntel was the only U.S.-based information technology outsourcing services provider named to the Global Challengers 300.

About Syntel

Syntel (NASDAQ: SYNT) is a leading global provider of integrated information technology and Knowledge Process Outsourcing (KPO) solutions. The Company’s mission is to create new opportunities for its clients by harnessing the passion, talent and innovation of Syntel employees worldwide. It leverages dedicated vertical and service Centers of Excellence along with its flexible Global Delivery Model to deliver solutions that drive innovation, improve quality and reduce costs for Global 2000 customers in the Financial Services, Insurance, Healthcare/Life Sciences, Telecom, Retail, Aerospace, Manufacturing, and Automotive industries. In addition to vertical-focused units, the company has established Centers of Excellence for Testing, Migration, and Demand Management. Recognized by customers to be “Small enough to listen, Big enough to deliver.™” for its responsiveness and ability to build collaborative partnerships, the Company is known for solutions that deliver sustainable business advantage. Recently named to The Black Book of Outsourcing’s “50 Best Managed Global Outsourcing Vendors” list, Syntel has over 12,000 employees worldwide, is assessed at Level 5 of the SEI’s CMMI, ISO 27001 as well as ISO 9001:2000 certified. To learn more, visit us at www.syntelinc.com.

Safe Harbor Provision

This news release includes forward-looking statements, including with respect to the future level of business for Syntel, Inc. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors set forth in the Company’s Annual Form 10-K document dated March 11, 2008. Factors that could cause results to differ materially from those set forth above include general trends and developments in the information technology industry, which is subject to rapid technological changes, and the Company’s concentration of sales in a relatively small number of large customers, as well as intense competition in the information technology industry, which the Company believes will increase.
Contacts

Syntel, Inc.
Jon Luebke, 248-619-3503
jon_luebke {at} syntelinc(.)com