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. 

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 Pimpri-Chinchwad, Siruseri, Navi Mumbai, Wexford 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

Embed Graph
Syntel's revenue was reported to be $966.55 m in FY, 2016 which is a 0.2% decrease from the previous period.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

824.8 m911.4 m968.6 m966.6 m

Revenue growth, %

11%6%0%

Cost of goods sold

460.6 m533.9 m584.6 m595.7 m

Gross profit

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

Revenue

209.9 m219.5 m228.3 m228.3 m220.6 m239.8 m253.6 m241.4 m246 m241.3 m225.9 m226.8 m231.3 m245.3 m495 m

Cost of goods sold

112.2 m123.5 m138.7 m133.8 m141.8 m148.7 m146.1 m151.7 m155 m146.7 m143.4 m145.4 m143.2 m154.1 m319.1 m

Gross profit

97.7 m96 m89.5 m94.5 m78.8 m91.1 m107.6 m89.7 m91 m94.6 m82.4 m81.5 m88.1 m91.3 m175.9 m

Gross profit Margin, %

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

Cash

178.8 m197.7 m500.5 m78.3 m

Current Assets

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

Cash

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

Current Assets

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

PP&E

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

Goodwill

906 k906 k906 k906 k906 k906 k906 k906 k906 k906 k906 k906 k906 k906 k906 k
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

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

Depreciation and Amortization

14.5 m16.1 m15.6 m14.9 m

Accounts Payable

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

Net Income

59.4 m58.1 m59.3 m61.6 m40 m60.6 m77.7 m53.1 m58.8 m38.4 m45.6 m86.8 m

Depreciation and Amortization

11.1 m3.1 m6.2 m

Accounts Payable

11.5 m12.2 m13.9 m14.2 m50.8 m10.6 m

Cash From Operating Activities

(16.4 m)37.5 m102.7 m
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Syntel Operating Metrics

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

Enterprise Customers

136 120 122 141 118 123 126 128 137 118 123

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

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...

It’s a good time to be a mid-tier IT services company

Number of times IT services firms get chances at contracts has gone up three-fold

WeissLaw LLP: Syntel, Inc. Acquisition May Not Be In The Best Interest of SYNT Shareholders

NEW YORK, July 26, 2018 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Syntel, Inc. ("SYNT" or the "Company") (NASDAQ: SYNT) in connection with the proposed acquisition of the Company by Atos S.E...

RM LAW Announces Investigation of Syntel, Inc.

BERWYN, Pa., July 26, 2018 /PRNewswire/ -- RM LAW, P.C. is investigating potential claims against the board of directors of Syntel, Inc. ("Syntel" or the "Company") (NASDAQ: SYNT) concerning possible breaches of fiduciary duty and other violations of law related to the Company's efforts...
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Syntel Company Life and Culture

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