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Syntel Appoints Nitin Rakesh as President - Americas, Business Development and Nearshoring Center

Syntel (Nasdaq:SYNT), a global information technology services and Knowledge Process Outsourcing (KPO) firm, today announced the appointment of Nitin Rakesh to the position of President — Americas, Business Development and Nearshoring Center, effective September 3, 2012.

In this role, Mr. Rakesh will lead Syntel's North American sales and business development efforts. He will also be responsible for developing and implementing Syntel's nearshoring strategies.

Nitin joins Syntel from Motilal Oswal Asset Management Company Ltd., where he served as Managing Director and CEO and was responsible for setting up and growing the Company's Asset Management business.

He previously developed and led Syntel's Knowledge Process Outsourcing business from 2002 until 2008, playing a pivotal role in positioning KPO as one of the fastest growing and profitable businesses within Syntel.

"We are pleased to welcome Nitin back into the Syntel family," said Syntel CEO and President, Prashant Ranade. "Nitin embodies Syntel's philosophy of strong customer focus and has a proven track record of growing new lines of business."

"We are confident that he will build on his experience to drive continued financial and operational growth for Syntel."