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Syntel Declares Regular Quarterly Dividend

Troy, MICH -- December 13, 2004 -- The Board of Directors of Syntel (NASDAQ: SYNT) declared a regular dividend on December 6, 2004 of six cents ($0.06) per share, on Syntel's common stock, payable on January 14, 2005 to holders of record at the close of business on December 31, 2004.

Syntel is a leading global IT services firm that delivers applications management, e- Business, product engineering and business process solutions to leading global brands. The Company has over 4,300 employees worldwide in 23 offices and seven Global Development Centers in the U.S. and India.