TROY, Mich., June 10, 2013 (GLOBE NEWSWIRE) -- Syntel, Inc. (Nasdaq:SYNT), a global information technology services and Knowledge Process Outsourcing (KPO) firm, today announced it is a presenting sponsor for the Enactus India National Competition to be held at the Taj Lands' End Hotel in Mumbai, India on June 18 and 19, 2013.
Enactus, formerly known as Students in Free Enterprise (SIFE), is a global non-profit organization operating in 38 countries.
Enactus student members have spent the year working on projects that apply an entrepreneurial approach to positively impact the quality of life and living standards for members of their communities. These projects will be presented to a panel of judges at the Enactus India National Competition.
Over two days of competition, teams from leading colleges will showcase the results and impact of their community outreach projects, which will be evaluated by a panel of more than 50 business leaders. One team will be named the national champion, and will go on to represent India at the 2013 Enactus World Cup in Cancun, Mexico later this year.
Enactus was introduced in India by Syntel's Founder and Chairman, Bharat Desai, and has provided an opportunity for young entrepreneurs to meet, collaborate and learn from established business leaders, while gaining a rich experience during the competition.
"Syntel is proud to be associated with Enactus and its goal of creating a prosperous and sustainable future through entrepreneurship and community involvement," said Syntel CEO and President, Prashant Ranade. "We hope that through this focus on community development and improvements, we can help nurture a new generation of socially responsible business leaders to benefit society at large."
Syntel's support for Enactus is part of its broader corporate social responsibility efforts, which include the Company's own CSR vehicles, S'Prayas and "Gift A Life."
Each of these initiatives seeks to improve the quality of life for members of the communities in which Syntel operates – S'Prayas through mentoring and educating disadvantaged children, and Gift A Life through bone marrow donor registration. Learn more at www.syntelinc.com/csr/
Enactus is an international non-profit organization that brings together the top leaders of today and tomorrow to create a better, more sustainable world through the positive power of business. Founded in 1975, Enactus has active programs on more than 1,600 college and university campuses in 38 countries. For more information, contact Enactus World Headquarters at 417-831-9505 or visit www.enactus.org
About Enactus India
Launched in 2003, Enactus India has expanded to nearly 57 universities in more than 12 cities and has touched the lives of thousands of people, across the country. Enactus India has established itself as one of the premier student-based organizations in India supporting free enterprise and entrepreneurship. Enactus projects are guided by distinguished faculty advisors who help students apply their classroom experiences to develop and implement real-world educational outreach programs. For more information visit www.enactus.org
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, the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2013 or from other factors not currently anticipated.