Syntel

Syntel Inc

Type	Public
Traded as	NASDAQ: SYNT
Industry	IT services, IT consulting
Founded	Troy, Michigan 1980 (1980)
Founder	Bharat Desai, Neerja Sethi
Headquarters	Troy, Michigan, USA
Area served	U.S.
Key people	Bharat Desai, Chairman & Co-Founder Prashant Ranade, Co-Chairman Rakesh Khanna, CEO & President (interim)
Services	IT, business consulting and outsourcing services
Revenue	$966.6 million (FY 2016)
Operating income	$262.2 million (FY 2016)
Net income	$57.3 million (FY 2016)
Total assets	$454.5 million (FY 2016)
Total equity	$454.5 million (FY 2016)
Number of employees	23,011 (Dec 31, 2016)
Website	www.syntelinc.com

Syntel, Inc. is a U.S.-based multinational provider of integrated technology and business services. Headquartered in Troy, Michigan, Syntel utilizes development centers in India. Syntel is a certified minority-owned business (MBE). The company is led by CEO and President Rakesh Khanna, who was appointed on November 3, 201.

Syntel was founded in Troy, Michigan in 1980 with an initial investment of $2,000 by Bharat Desai, and his wife, Neerja Sethi. Originally named Systems International, the company began by providing software staffing services to local corporations like General Motors (US), and some major Government Revenue projects, earning $30,000 in its first year.

Syntel sells to companies in the banking and financial services, insurance, healthcare and life sciences, retail, logistics and telecom, and manufacturing sectors. It uses offshore centers for its IT and KPO services.

Syntel's growth during the early years prompted their leadership to explore additional service offerings to augment the core IT staffing business. In 1989, Syntel began providing development and maintenance services to its clients.

In 1992, with new development centers in India, Syntel began software outsourcing services with an onsite-offshore model, which connected software developers in India to project managers at client locations via an international telecommunications network.