Syntel Appoints New Chief Financial Officer

TROY, Mich. - May 6, 2005 - Syntel, Inc. (SYNT), a global information technology services company, today named corporate finance veteran Revathy Ashok, to the position of Chief Financial Officer (CFO), effective immediately.

The position had been previously held by Keshav Murugesh. Murugesh was promoted to COO in October 2004 and continued to perform CFO duties until a replacement was appointed.

As CFO of Syntel, Revathy will oversee all global finance functions and have direct responsibility for leading all corporate accounting, tax, and treasury activities. Revathy joins Syntel's Leadership Team and will report directly to company CEO Bharat Desai.

"We are pleased to have Revathy join the Syntel team in this key role," said Bharat Desai. "Syntel has a long history of strong financial performance and Revathy brings a track record of strong financial discipline and extremely profitable operations to Syntel. Her deep experience in global finance, strategy, alliances and joint ventures is invaluable to the Company and our plans for future growth."

"I am very excited to join Syntel at this time of growth and unlimited potential," Revathy said. "I am impressed with Syntel's culture, market position, strong management team, and commitment to customer satisfaction. I look forward to contributing to our accelerated growth and continued success in the ITO and BPO sectors."

Revathy joins Syntel from Microland Group, a privately-held IT infrastructure management services company. Since 2001, she has served as Executive Vice President and Group Chief Financial Officer, responsible for finance & accounting, treasury, taxation, risk management, strategic direction, and investor relations functions of Microland and its subsidiaries. She also provided strategic direction to the Group's plans for future growth - both organic and through strategic alliances, partnerships, synergistic acquisitions and other investment opportunities. Most recently she negotiated a successful funding round of $7.3 million for the company and another funding round of $2 million for a group company both from a combination of leading U.S.-based and Indian venture capitalists and investors.

From 1993 to 2001, Revathy served as Director Business Development and Financial Controller for an Indian subsidiary of a large U.S. electronic components manufacturing corporation.

Revathy holds a Post-Graduate Diploma in Management from the Indian Institute of Management, Bangalore, where she was a gold medalist in her stream of specialization, and a Bachelor of Science degree from Mount Carmel College, Bangalore.

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