‘It’s an exciting time to be in the tech business’
The Hindu Business Line
Syntel’s CEO and President-designate Nitin Rakesh talks about expansion plans.
Nasdaq-listed Syntel has about 80 per cent of its global workforce of 23,652 (as of December 2013) employed across its 12 development centres in India. The company is growing much faster than the industry and expects to post revenues of about $910-940 million this year. The Troy, Michigan-headquartered IT and software services company, which earns 85 per cent of its revenues from IT and the rest from knowledge process outsourcing, recently set up a team to scout for acquisitions.
In February, Syntel named Nitin Rakesh as its Chief Executive Officer and President, effective April 21. He will succeed Prashant Ranade, who is moving to a higher role. Rakesh, who joined Syntel in his second stint 18 months ago, is currently President, Americas, Business Development and Nearshoring Centre. In his previous stint, he was the founder of Syntel’s knowledge process outsourcing business, and led it from 2002 to 2008.
In a tête-à-tête with Business Line, Rakesh said the company is looking at acquisitions to expand geographically and improve capabilities.
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