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Syntel to Ring Nasdaq Stock Market Closing Bell in Celebration of 35 Years in Business

TROY, Mich., Sept. 22, 2015 (GLOBE NEWSWIRE) -- Syntel, Inc. (Nasdaq:SYNT), a global provider of digital transformation, information technology and knowledge process services to Global 2000 companies, today announced that it will ring the closing bell at the Nasdaq Stock Market on Wednesday, September 23, 2015.

Syntel Chairman and Co-founder Bharat Desai, CEO and President Nitin Rakesh, members of Syntel's Board of Directors and guests will gather at the Nasdaq MarketSite in Times Square to close the market in celebration of Syntel's 35th year in business.

Syntel was founded by Desai and Neerja Sethi in 1980 in Troy, Michigan. Over the ensuing years, Syntel has grown into a global enterprise more than 23,000 people strong, with operations on four continents.

"None of this would have been possible without the contributions of the tens of thousands of talented, committed employees that have left their mark on Syntel," said Chairman and Co-founder Bharat Desai.

"As our business has grown, Syntel has undergone many transformational changes along the way," said Desai. "What have remained consistent are our entrepreneurial spirit and an unwavering commitment to our clients."

"Our growth has also been powered by strong relationships with clients who have trusted us with their most challenging problems and significant opportunities."

According to CEO Nitin Rakesh, Syntel is a rarity in the often turbulent technology industry.

"One thing that sets Syntel apart is that our growth has been one hundred percent organic over the course of our 35 years in business," said Rakesh. "A key element of this success has been our ability to continuously adapt our business model and deliver solutions backed up by solid business sense."

"We are living in exciting times," said Rakesh. "We are experiencing tremendous change, fueled by a massive technological revolution and a storm of innovation-led disruption. There are both tremendous opportunities and threats for enterprises."

For several years, Syntel has invested in new IP, domain solutions and digital technologies — including its Digital One line of solutions, launched in May, 2014 and the SyntBots intelligent automation platform, announced in February 2015.

"These services increase the speed at which companies can transform to a truly digital business model by automating at every phase of their operations," said Rakesh.

"We will continue to invest in skills, knowledge and solutions that enable our clients to remain relevant, gain a new competitive edge, and thrive in the digital economy. Syntel has led the way for our clients for the past 35 years, and we are ready to lead for the next 35 as well."

The Nasdaq bell ringing ceremony will be streamed live at www.nasdaq.com.

About Syntel

Syntel (Nasdaq:SYNT) is a global provider of digital transformation, information technology and knowledge process services to Global 2000 companies. Syntel's mission is to create new opportunities for clients by harnessing our passion, talent and innovation. We combine technology expertise, industry knowledge and a global delivery model to drive business value creation. Syntel's "Customer for Life" philosophy drives our relentless focus to build long-term, collaborative client partnerships. To learn more, visit us at: www.syntelinc.com.

To learn more, visit us at: www.syntelinc.com.

CONTACT: Syntel (North America/Europe): Jon Luebke, (248) 619-3503, jon_luebke@syntelinc.com Syntel (Asia/Pacific): Sikta Samantaray, +91 9167512186, sikta_samantaray@syntelinc.com

Source:Syntel, Inc.