Press release from GlobeNewswire (a Nasdaq OMX company)
Syntel Expands Presence in India to Meet Growing Demand for Global IT Services
Wednesday, April 24, 2013
Syntel Expands Presence in India to Meet Growing Demand for Global IT Services05:30 EDT Wednesday, April 24, 2013
TROY, Mich., April 24, 2013 (GLOBE NEWSWIRE) -- Syntel, Inc. (Nasdaq:SYNT), a global information technology services and Knowledge Process Outsourcing (KPO) firm, today broke ground on a new Global Development Campus (GDC) in Tirunelveli, a city in the South Indian state of Tamil Nadu.
Syntel's Tirunelveli campus represents a significant expansion of the Company's facilities in India, and reinforces Syntel's commitment to expanding its infrastructure through a campus-based strategy.
The first phase of the Tirunelveli campus will create 250,000 square feet of work space with capacity for more than 2,500 employees. It will include a software development block with a dedicated security block, dining facilities and a welcome center.
The new facility is being constructed in multiple phases on a 100-acre plot of land in a tax-free Special Economic Zone (SEZ) and is scheduled to be completed within two years.
Designed to comply with LEED Gold standards, the Tirunelveli campus will incorporate sustainable elements including an optimal use of natural light as well as an on-premises wind and solar farm for generating renewable energy.
The facilities have also been designed to enable Syntel staff to create an optimal work/life balance. Employee-friendly features include multi-level terraces, internal courts with green spaces, a central courtyard and dedicated areas for an amphitheater, sports fields, and a yoga and meditation center.
"We are extremely excited to begin construction on the new Tirunelveli campus, which has been designed with both our clients and employees in mind," said Prashant Ranade, Syntel CEO and President. "The campus is highly scalable and will give us additional flexibility to meet the growing demand for globally delivered IT services."
"We are also grateful for the support of the Government of Tamil Nadu and NASSCOM, both of which have been indispensible during the planning process," said Ranade.
U.S.-owned and operated Syntel has made significant investments in its infrastructure over the past several years, expanding its capacity in order to stay ahead of client demands. In addition to the new development in Tirunelveli, Syntel has also expanded its campuses in Pune and Chennai.
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 March 31, 2013, Syntel employed more than 22,000 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, 2012 or from other factors not currently anticipated.
CONTACT: Syntel (North America/Europe): Jon Luebke (248) 619-3503; email@example.com Syntel (Asia/Pacific): Sikta Samantaray +91 9167512186; firstname.lastname@example.org