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Press release from GlobeNewswire (a Nasdaq OMX company)

Syntel Named to Forbes "Best Small Companies" List for the Fourth Straight Year

Thursday, December 16, 2010

Syntel Named to Forbes "Best Small Companies" List for the Fourth Straight Year09:43 EST Thursday, December 16, 2010TROY, Mich., Dec. 16, 2010 (GLOBE NEWSWIRE) -- Syntel, a global information technology services and Knowledge Process Outsourcing (KPO) company, announced today that it has been named to Forbes Magazine's "100 Best Small Companies" list. In order to be named to the list, firms with annual revenues between $5 million and $750 million are evaluated based on a number of criteria, including sales, profit, and earnings-per-share (EPS) growth rates, return on equity, and stock price. Syntel, which has been named to the list for four consecutive years, was ranked 38th overall. Syntel's ranking was driven by 27% growth in EPS and a 34% jump in return on equity. "We are extremely pleased to be named one of the best performing small companies in the world by Forbes – an honor made possible by the passion and talent of our employees across the globe," said Prashant Ranade, Syntel's CEO and President. "Going forward, we will continue to build upon this success by reducing costs, driving innovation and helping our clients leverage their technology investments to create a competitive advantage in the marketplace." The complete list of Forbes' "100 Best Small Companies" is available online at http://www.forbes.com/lists/2010/23/best-small-companies-10_land.html.About Syntel Syntel is a leading global provider of integrated information technology and Knowledge Process Outsourcing solutions spanning the entire lifecycle of business and information systems and processes. The Company is driven by its mission to create new opportunities for clients by harnessing the passion, talent and innovation of Syntel employees worldwide. Syntel leverages dedicated Centers of Excellence, a flexible Global Delivery Model, and a strong track record of building collaborative client partnerships to create sustainable business advantage for Global 2000 organizations. Syntel is assessed at SEI CMMi Level 5, and is ISO 27001 and ISO 9001:2000 certified. As of September 30, 2010, Syntel employed more than 16,200 people worldwide. To learn more, visit us at: www.syntelinc.com.Safe Harbor Provision This news release includes forward-looking statements, including those 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 Report on Form 10-K for the year ended December 31, 2009 and the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2010.CONTACT: Syntel Jon Luebke 248/619-3503 jon_luebke@syntelinc.com