Syntel provides digital transformation, information technology, and knowledge process outsourcing services worldwide. The Company operates through Banking and Financial Services, Healthcare and Life Sciences, Insurance, Manufacturing and Retail, Logistics, and Telecom segments. It provides end-to-end, integrated application, and infrastructure management services, develops software applications, and offers legacy modernization services. 

Employee Rating

3.2More
TypeSubsidiary
Parent CompanyAtos
HQTroy, US
Founded1980
Websitesyntelinc.com
Syntel was founded in 1980 and is headquartered in Troy, US
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Key People/Management at Syntel

Anil Jain

Anil Jain

SVP of Sales
Anil Agrawal

Anil Agrawal

Chief Information Security Officer, CFO
Prashant Ranade

Prashant Ranade

Co-Chairman
Bharat Desai

Bharat Desai

Co-Founder, CEO
Rakesh Khanna

Rakesh Khanna

CEO
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Syntel Office Locations

Syntel has offices in Troy, Sparks Glencoe, Schaumburg, Phoenix and in 23 other locations
Troy, US (HQ)
300 525 E Big Beaver Rd
Boston, US
50 Milk St
Brentwood, US
300 105 Westpark Dr
Buffalo, US
1 Exchange St
Cary, US
212 1100 Crescent Grn
Irving, US
1150 433 E Las Colinas Blvd
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Syntel Financials and Metrics

Summary Metrics

Founding Date

1980
Syntel is a subsidiary of Atos

Syntel Revenue

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Syntel's revenue was reported to be $923.83 m in FY, 2017
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

824.8m911.4m968.6m966.6m923.8m

Revenue growth, %

11%6%0%

Cost of goods sold

460.6m533.9m584.6m595.7m572.8m

Gross profit

364.2m377.6m384.0m370.8m351.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

209.9m219.5m228.3m228.3m220.6m239.8m253.6m241.4m246.0m241.3m225.9m226.8m231.3m245.3m249.7m

Cost of goods sold

112.2m123.5m138.7m133.8m141.8m148.7m146.1m151.7m155.0m146.7m143.4m145.4m143.2m154.1m165.1m

Gross profit

97.7m96.0m89.5m94.5m78.8m91.1m107.6m89.7m91.0m94.6m82.4m81.5m88.1m91.3m84.6m

Gross profit Margin, %

47%44%39%41%36%38%42%37%37%39%36%36%38%37%34%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

178.8m197.7m500.5m78.3m96.0m

Accounts Receivable

Inventories

Current Assets

843.1m1.1b1.3b279.6m292.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

150.2m221.8m170.9m221.5m281.8m489.9m476.9m658.5m702.4m65.2m46.9m57.4m75.4m41.4m78.0m

Current Assets

758.8m916.7m980.6m1.0b1.1b1.1b1.2b1.3b1.3b1.5b257.8m247.7m275.1m261.8m303.1m

PP&E

105.8m111.7m112.4m110.8m111.2m110.8m107.3m106.0m107.5m109.9m109.2m107.2m105.1m103.3m97.0m

Goodwill

906.0k906.0k906.0k906.0k906.0k906.0k906.0k906.0k906.0k906.0k906.0k906.0k906.0k906.0k906.0k
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

219.7m249.7m252.5m(57.4m)166.3m

Depreciation and Amortization

14.5m16.1m15.6m14.9m14.1m

Inventories

Accounts Payable

16.3m8.2m(1.2m)798.0k
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Net Income

59.4m58.1m59.3m61.6m40.0m100.6m178.3m53.1m58.8m38.4m75.0m45.6m86.8m

Depreciation and Amortization

4.2m7.7m11.6m3.7m11.1m7.4m3.1m6.2m

Accounts Payable

4.0m23.5m(8.4m)14.2m50.8m10.6m

Cash From Operating Activities

27.6m73.5m155.9m46.6m(16.4m)88.4m37.5m102.7m
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Syntel Operating Metrics

FY, 2014Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017Q2, 2017

Enterprise Customers

136 wdxefcqufszuzezftuxetqsqxt120 122 141 118 123 126 128 137 118 123

New Projects

182 232 888 270 213 113 217 815 199 119
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Syntel Revenue Breakdown

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Syntel revenue breakdown by business segment: 17.1% from Retail, Logistics and Telecom, 13.3% from Insurance, 16.1% from Healthcare and Life Sciences, 48.9% from Banking and Financial Services and 4.6% from Other

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Syntel Online and Social Media Presence

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Syntel News and Updates

Atos completes $3.4 bn acquisition of US IT firm Syntel

French technology services company Atos has announced the completion of the acquisition of US-based information technology firm Syntel for $3.4 billion.

Atos digital leadership strengthened by the completion of the acquisition of the US-based Syntel

Paris, October 9, 2018 - Atos, a global leader in digital transformation, today announced that it has completed the acquisition of Syntel Inc., a leading global provider of integrated information technology and knowledge process services headquartered in Michigan, with $ 924 million revenue in…

Global Cloud Microservices Market 2018 Key Players: Oracle, Infosys, CA Technologies, Syntel, IBM, NGINX, Microsoft, SmartBear Software, Salesforce, RapidValue Solutions.

WiseGuyReports.com adds “Cloud Microservices Market 2018 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting 2025” reports tits database. Posted via Industry Today. Follow us on Twitter @IndustryToday

CCI approves acquisition of Syntel by French IT firm Atos

Competition watchdog CCI Thursday said it has approved the USD 3.4 billion acquisition of Syntel by French IT major Atos. Both Atos and Syntel have significant presence in India. Syntel, which has 23,000 engineers in 30 countries, has over 18,000 staff based in India. Atos employs about 16,000 peopl…

SHAREHOLDER ALERT: Monteverde & Associates PC Announces An Investigation Of Syntel, Inc. - SYNT

NEW YORK, Aug. 7, 2018 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New York City, is investigating Syntel, Inc. ("Syntel" or the "Company") (NasdaqGS: SYNT) relating...
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Syntel Blogs

Transforming Manufacturing Sales and Service with Blockchain

The manufacturing industry is embracing digital transformation on a global scale. Automobiles are becoming digital platforms and shop floors employ digital technologies to manufacture these products. Insights Image PDF transforming-manufacturing-sales-and-servic…

SyntBots Process Recorder: Process Engineering for the Modern Enterprise

Atos Syntel’s platform agnostic desktop tool captures user actions to create activity maps for improved documentation, business process workflows and time and motion studies. Insights Image PDF syntbots-process-recorder.pdf Add Tag Brochure …

Atos Syntel: The New Beginning

Youtube link Embedded video for Atos Syntel: The New Beginning Video Category Feature Add Tag Video

Sanjiv Sirohi

Executive Image Designation Head - Procurement & Facilities

Muralidharan Ramachandra

Executive Image Designation Head - Quality

Prasad Bhat

Executive Image Designation Head – EPS
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Syntel Company Life and Culture

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Syntel Frequently Asked Questions

  • When was Syntel founded?

    Syntel was founded in 1980.

  • Who are Syntel key executives?

    Syntel's key executives are Anil Jain, Anil Agrawal and Prashant Ranade.

  • What is Syntel revenue?

    Latest Syntel annual revenue is $923.8 m.

  • Who are Syntel competitors?

    Competitors of Syntel include SourceHOV, Endava and Zensar Technologies.

  • Where is Syntel headquarters?

    Syntel headquarters is located at 300 525 E Big Beaver Rd, Troy.

  • Where are Syntel offices?

    Syntel has offices in Troy, Sparks Glencoe, Schaumburg, Phoenix and in 23 other locations.

  • How many offices does Syntel have?

    Syntel has 33 offices.