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Press release from GlobeNewswire (a Nasdaq OMX company)

Syntel Growth Earns NASSCOM Ranking

Wednesday, August 03, 2011

Syntel Growth Earns NASSCOM Ranking05:30 EDT Wednesday, August 03, 2011TROY, Mich., Aug. 3, 2011 (GLOBE NEWSWIRE) -- Syntel, Inc. (Nasdaq:SYNT), a global information technology services and Knowledge Process Outsourcing (KPO) firm, today announced that it has been ranked in the Top 20 IT-BPO Employers in India by NASSCOM. Syntel came in at number 16 on the list. The rankings are based on the number of full-time India-based employees for firms with IT-BPO operations in India, as reported to NASSCOM in its annual survey. "We're extremely delighted to be ranked among the top IT-BPO employers in India," said Syntel CEO and President Prashant Ranade. "Syntel took in record revenues during 2010, and our innovative recruiting practices have enabled us to support our robust growth and stay ahead in this dynamic industry with a world-class talent pool." Syntel's hiring accelerated dramatically in 2010 with global headcount growing by 38 percent, translating to a net addition of more than 4,800 employees during the fiscal year. The NASSCOM study revealed a surge in hiring, with almost one-third of the companies surveyed expecting 25 percent growth, and more than two-thirds of the industry planning to increase their employee base by 10 percent in the coming year. For additional information and the full list, visit NASSCOM NASSCOM® is the premier trade body and the chamber of commerce of the IT-BPO industries in India. It is a global trade body with more than 1200 members, which include both Indian and multinational companies that have a presence in India. NASSCOM's member and associate member companies are broadly in the business of software development, software services, software products, consulting services, BPO services, e-commerce & web services, engineering services off-shoring and animation and gaming. NASSCOM's membership base constitutes over 95% of the industry revenues in India and employs over 2.24 million professionals.About Syntel Syntel (Nasdaq:SYNT) is a leading global provider of integrated information technology and Knowledge Process Outsourcing (KPO) 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 9001:2008 certified. As of June 30, 2011, Syntel employed more than 18,000 people worldwide. To learn more, visit us at: 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, 2010, the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2011, or from other factors not currently anticipated.CONTACT: North America/Europe: Jon Luebke Syntel 248/619-3503 Asia Pac: Suruchi Sharma Syntel +91 9833691415