Syntel Rated Top IT Outsourcer on Forbes “200 Best Small Companies” List  

Mumbai, Maharashtra, India, Friday, November 13, 2009 -- (Business Wire India)

Syntel, a global information technology services and Knowledge Process Outsourcing (KPO) company, announced today that it is the top-ranked IT outsourcing company on Forbes Magazine's "200 Best Small Companies" list for 2009.

Syntel jumped more than 60 spots on this year’s list, which ranks the fastest-growing companies in America with annual revenues between $5 million and $750 million.

In order to be named one of Forbes’ “200 Best Small Companies,” firms are evaluated based on a number of criteria looking at both short and longer-term performance, 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 three consecutive years, jumped more than 60 spots to rank 27th overall. Syntel’s ascent was attributable to strong growth in EPS and return on equity, as well as stock performance that ranked in the top 10 relative to the industry.

"It’s an honor to receive this recognition from Forbes," said Keshav Murugesh, CEO and President of Syntel. "Syntel’s performance over the last year has been very strong despite a difficult economic environment, which is a testament to the passion, talent and dedication of our employees worldwide. We will continue to focus on our core strengths of delivering flexible, innovative solutions to help our customers increase efficiency and maximize their technology investments.”

The complete list of Forbes’ “200 Best Small Companies” is available online at http://www.forbes.com/200best/.

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. Recently named one of the "50 Best Managed Global Outsourcing Vendors" by The Black Book of Outsourcing, Syntel is assessed at SEI CMMi Level 5, and is ISO 27001 and ISO 9001:2000 certified. As of September 30, 2009, Syntel employed more than 11,400 people worldwide. To learn more, visit us at www.syntelinc.com.

Safe Harbor Provision

This news release includes forward-looking statements, including 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 Form 10-K document dated March 12, 2009 and the Company’s Quarterly Report on Form 10-Q for the period ending September 30, 2009.

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Keshav Murugesh- CEO, Syntel Inc.