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Press release from GlobeNewswire (a Nasdaq OMX company)

Syntel Enterprise Virtualization Project Wins CIO100 Award

Monday, October 24, 2011

Syntel Enterprise Virtualization Project Wins CIO100 Award08:21 EDT Monday, October 24, 2011TROY, Mich., Oct. 24, 2011 (GLOBE NEWSWIRE) -- Syntel, Inc. (Nasdaq:SYNT), a global Information Technology services and Knowledge Process Outsourcing (KPO) firm, today announced that it has been awarded the CIO100 Award by IDG India's CIO magazine at the 6th Annual CIO100 Awards in Pune, India. The annual award program recognizes organizations that exemplify the highest level of operational and strategic excellence in information technology (IT). This year's award theme was "The Creative 100," which recognized IT leaders for their creative use of enterprise technologies to meet their organizations' business challenges. Syntel was honored with the CIO100 award for an innovative deployment of a virtualization architecture encompassing data center virtualization and desktop virtualization. Combining an optimal mix of legacy storage with an innovative multi-tier configuration and an Agile delivery model, the project also received the "Efficient Enterprise" award. Speaking at the awards ceremony, Syntel's Chief Information Officer Muralidharan Ramachandran said, "It's a great honor to receive this prestigious award. We believe that to deliver the most innovative technology solutions for our clients, we must ensure that Syntel works smarter, leaner and more efficiently in our own operations." According to Prashant Ranade, Syntel CEO and President, efficiency and innovation are a part of Syntel's corporate DNA. "At Syntel, we constantly strive to harness the latest technology to transform our clients' technology investments into strategic tools for growth. It is this commitment to continuous innovation that has also enabled our own growth over our more than thirty-year history."About CIO100 Awards CIO magazine has a long and proud tradition of honoring leading companies for business and technology leadership and innovations through its premiere award program – CIO100. Now in its 24th year in the USA, it is an acknowledged mark of enterprise IT excellence. It's a celebration of 100 organizations (and the people within them) that are using information technology in innovative ways to deliver business value, whether by creating competitive advantage, optimizing business processes, enabling growth or improving relationships with customers. Hosted in countries such as Canada, Sweden, Australia, Singapore, Vietnam, Hungary and India, the CIO 100 Awards is a truly global recognition. It is an acknowledged mark of excellence in enterprise IT. According to a survey by PR Week magazine, CEOs named CIO 100 among the top 10 most influential corporate scorecards anywhere, compiled by any publication or organization.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 September 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 AsiaPac: Suruchi Sharma Syntel +91 9833691415