roy, MI - Sept. 21, 2005 - Bharat Desai, Chairman, CEO and founder of Syntel, Inc. (NASDAQ: SYNT), a global information technology services company, has been named "Entrepreneur of the Year" by the Stephen M. Ross School of Business at The University of Michigan in Ann Arbor, Michigan.
Established in 1991, this award recognizes the accomplishments of an alumnus or alumna of The University of Michigan who has started and built a successful enterprise. Desai earned his M.B.A. in Finance from the Stephen M. Ross School of Business at The University of Michigan in 1981.
The award will be presented on Friday, September 23, 2005 at Entrepalooza 2005: Define Your Path - the Business School's signature event celebrating entrepreneurship and new business formation. Desai will present the keynote address following the receipt of his award.
Desai founded Syntel in 1980 in Troy, Michigan with a $2,000 investment. Today, Syntel is publicly-traded on NASDAQ, has more than 5,000 employees in global centers around the world, and a market capitalization in excess of $770 million. Syntel provides information technology solutions to leading corporations around the globe.