Syntel was ranked 32nd on the 2011 list, an improvement of five spots over the Company's 2010 ranking.
"Syntel's growth stems from our commitment to building the capacity to grow with our clients, as well as expanding our portfolio of high value technology solutions," said Syntel CEO and President Prashant Ranade. "Our financial services and insurance teams are focused on developing new offerings that enable our clients to meet their current and future challenges."
Over the past year, Syntel has expanded its financial services and insurance solutions to include offerings such as Cloud computing, mobile analytics and reconciliation services for Exchange Traded Derivatives.
The FinTech rankings evaluate technology providers that derive more than one-third of their revenue from the financial services industry. In 2010, Syntel's revenue from the financial services and insurance sectors exceeded $390 million, including both information technology and KPO solutions.