Syntel History

Digital Services

Since our founding in 1980, Syntel has been defined by evolution and innovation. From pioneering the global delivery model to implementing the latest digital solutions, Syntel has expanded our geographic footprint, adapted our services, and evolved our core business model to stay ahead of industry and technology trends.

At Syntel, we have made it our mission to evolve along with our clients, and today we continue to push the envelope with automation-driven managed services to evolve the enterprise core and digital solutions that enable our clients to compete in the next century. For us, evolution is about challenging conventional wisdom and looking for new ways to create the agility and efficiency to innovate.

It’s what has driven us for more than three decades, and it will continue to drive us — and our clients — far into the future.

 

Facts

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2016
  • Prashant Ranade elevated to Co-Chairman of the Syntel Board 
2014
  • Syntel launches Digital One™, a unified suite of Digital Transformation services by leveraging mobility, Big Data analytics, social, cloud and Internet of Things.
  • Nitin Rakesh takes over as CEO and President from Prashant Ranade. Prashant Ranade promoted to the Executive Vice Chairman of the Syntel Board 
2013
  • Syntel opens new facilities in Manila, Philippines and suburban Baltimore, MD
2012
  • Crossed the 21,000 employee mark
  • Syntel’s annual revenues top $700 Million
2011
  • Named to the IAOP "Global Outsourcing 100" for the fifth consecutive year
  • Crossed the 19,000 employee mark
2010
  • Celebrated 30 years in business
  • Revenues crossed the $500 million mark
  • Surpassed 17,000 employees globally
  • Named to the VAR 500 for the 12th consecutive year
  • Named to Healthcare Informatics 100 list for 8th consecutive year
  • Prashant Ranade is appointed Syntel CEO
  • Inaugurated Chennai, India campus
  • Named to Forbes "Best Small Companies" List for the Fourth Straight Year
  • Launched Cloud Computing Services
  • Earned Microsoft India's Partner of the Year award for Retail solution
2009
  • Completed SAS 70 Type II Audit
2008
  • Revenues crossed the $400 million mark
  • KPO revenues grew to 20% of total revenues
2007
  • Celebrated 10 years as a public company
  • Global headcount crossed the 11,000 mark
  • Began construction on second campus-style Global Development Center in Chennai
2006
  • Inaugurated S’Prayas, its employee-driven social responsibility group
  • Opened first campus-style Global Development Center in Pune
  • Earned ISO 27001:2005
2005
  • Celebrated 25 years
  • Earned CMMi Level 5 assessment
2004
  • Earned BS 7799 security certification
  • Expanded India facilities to meet growing demand for global delivery and opened additional offices in Pune, India
2003
  • Crossed the 3,500 employee mark
  • Recognized as an Industry Leader in Healthcare Informatics 100 list for the first time
2002
  • Expanded presence in India opening third India Global Development Center in Pune
  • Earned ISO 9001:2000 certification
  • Launched BPO services
  • Restructured organization to vertical industries to better support customers
2001
  • Earned SEI CMM Level 5 assessment, one of only 15 U.S. companies to achieve this lofty standard at this time
1998
  • Earned ISO 9001 certification
  • Ranked 70 th overall in Business Week's "Hot Growth Companies"
  • Earned number 2 spot in Forbes' "200 Best Small Companies in America" feature
1997
  • Opened offices in London and Singapore
  • Revenues passed the $100 million mark
  • Became a public company trading under the symbol SYNT on the NASDAQ
1996
  • Opened second India Global Development Center in Chennai
1994
  • Revenues reached $50 million and employee count topped 1,000
1992
  • Opened its first India Global Development Centers, and was one of the first U.S.-based IT service companies to develop a global delivery concept
1988
  • In anticipation of the demand shifts away from staff augmentation, Syntel started to provide full lifecycle applications services and dedicate resources to building strong customer relationships
1980
  • Syntel was formed with its first service offering of staff augmentation, later branded as TeamSourcing ®