Syntel: An IT Consulting and IT Services Provider

One of the certified minority-owned businesses (MBE) in the industry of IT services and IT consulting is Syntel. This multinational U.S. based company offers business and integrated technology services. It is in Troy, Michigan that the business keeps its corporate headquarters.

From a $2,000 investment, the business was able to grow into a multi-million dollar venture. Bharat Desai, together with his wife, Neerja Sethi founded the company in 1980. They named their venture Systems International and kicked off their operations by providing software staffing services to various local corporations. Among its big clients are General Motors and some government agencies. During their first year in the business, the company was able to earn more than $30,000.

There are 17 global development centers that the company owns and operates. Their development centers are mostly located in the United States and India, although they have one in Manila, Philippines. They also have a total of 30 facilities that are located in Australia, Canada, Germany, Philippines, UK and US. As a minority-owned business, the majority of its shares is owned by Bharat Desai. He now sits as the Chairman of the Board of the business. Common stocks of business are publicly traded on the NASDAQ (SYNT). During their 2013 fiscal year, the company was able to generate revenue of more than $824.8 million and employs more than 24,122 employees.

The IT and Knowledge Process Outsourcing (KPO) services that Syntel offers address the needs of various industries in the areas of Mobility, Enterprise Architecture Solutions, Business Intelligence/Data Warehousing, ERP and Enterprise Integration Services. Their clients are businesses that thrive in the industry of Healthcare, Life Sciences, Banking and Financial Services, Retail, Logistics, Insurance, Telecom and Manufacturing.

Syntel also received commendations for its contributions to the market. Several accolades were given to the business and the most recent were the “Fastest Growing Companies” (2013) from Crain’s Detroit Business, CRN’s “Solution Provider 500” (2013) and Gartner’s Top 10 India-Based IT Services Providers (2013).