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).

Sonus Networks: A Global Provider of IP Solutions

Serving the communications industry worldwide, Sonus Networks was established in 1997. The business thrives in the market as a supplier of various Session Initiation Protocol-based communication equipment. These products include Unified Communications and VoIP videos through IP networks.

With more than a decade in the business, Sonus is now a trusted name in delivering reliable, secure and scalable next generation infrastructure. Their presence is visible in 50 countries which strongly trust their capabilities to transform networks to IP. Through their products and services, they are making customers patronize businesses and in turn generate significant incomes. Their product portfolio includes media and signalling gateways, policy/routing servers and border controllers.

For their innovation  and breakthroughs in the industry, they have been honored with several awards, including the Frost & Sullivan for their technology innovation. They were also named the most outstanding vendor by AT&T in 2007. In addition, Forbes has named the business as one of the most dynamic telecom and network company in 2001.

Skullcandy: America’s Best Selling Earbuds

As more people are drawn towards embracing music in their daily lives, the market for devices related to music also grows. Headphones and earphones are among the most marketable items for music lovers. One of the newest and the hippest companies that market these items is Skullcandy.

Skullcandy, compared to other brand names offer the most reliable, of the highest quality, but a more affordable market for earphones, headphones, audio backpacks, MP3 players, hands free devices and other related products. Founded in 2003, their products are sold online, through specialty outlets and independent retailers. Their items are mostly targeted at the general consumer market and the outdoor sports demographic like skateboarders and snowboarders. The first product they introduced to the market is their Skullcandy Portable Link which gives users hands-free technology to listen to music from their portable device while making and receiving phone calls from their mobile phones.

It was Rick Alden, who put up the business and introduced his innovation at the 2003 International Consumer Electronics Show (CES) in Las Vegas, Nevada. The first few items he created were sold to Milo Snow & Skate, an action sports shop in Utah. His LINK technology is now patented and is among the first technologies that integrates music players and mobile phones. With his technological breakthrough, he was, in 2008, named as one of vSpring Capital’s Top 100 Venture Entrepreneurs. Fortune Magazine also named his product as “the world’s coolest ear bud” in December 2008. Today, the wide array of headphones they market has received a range of reviews. They made their products attractive by using catchy colors and graphics. 

Their entry level product is Ink’d 2 which today holds the label “#1 selling bud in America”. This product is also their most saleable item which sells around $10 to $20. Skullcandy currently trades on the NASDAQ and made its initial public offering on January 28, 2011.

Seaboard Corporation: A Diversified Conglomerate

With a global presence, Seaboard Corporation operates a number of ocean and agriculture transport businesses. This diversified conglomerate holds its headquarters in Shawnee Mission, Kansas. With more than $2 billion in annualized revenue, the business is listed part of the Fortune 500 companies and the Russell 2000 Index.

In the United States, the business is primarily engaged in the production and processing of pork. Their international operations are involved commodity merchandising, sugar and citrus production, cargo shipping and flour milling. They also have energy business specifically in the Dominican Republic where they have two large barges that generates electricity. The company owns 7 container vessels and charters 23 others. They have several subsidiaries that are operating mostly in the United States, in Africa and in Latin America.

The majority of the stocks of the business is owned by the Bresky family. They have over 20,000 employees worldwide and they are listed on the New York Stock Exchange.

Silicon Image: One of the Creators of HDMI

Silicon Image is one of those companies that help in the creation of personal computers, mobile phones and consumer electronics by providing semiconductors. The business has their main office located in Sunnyvale, California and started its operations in 1995. Currently, the business is part of the Russell 2000 Index and is publicly traded on the NASDAQ.

Other than the semiconductors that Silicon Image manufactures, they also produce wireless and wire connectivity products that are mainly used for high definition content. Together with other companies and through strong partnerships, they were able to make technological breakthroughs. Among the standards they have forged are the WirelessHD, MHL, DVI and HDMI. Their semiconductor and IP products they market are deployed by electronic manufacturers in products like tablets, Smartphones, digital televisions and other consumer products. Their leadership in the semiconductor industry remains unparalleled with their 548 patents and 861 more that are currently pending.

As a multimedia connectivity solutions and services provider, Silicon Image is best known for their creation of the HDMI which stands for High-Definition Multimedia Interface. This technological advancement combines multi-channel audio, data and high-definition video in a single digital interface. This was created through the collaboration with other well known companies like Panasonic, Hitachi, Sony Corporation, Technicolor, Toshiba, B.V. and the Philips Consumer Electronics International. This has become the standards in all-digital interface.

They have also partnered Samsung, Nokia, Sony Corporation and Toshiba to create the MHL Specification (Mobile High-Definition Link) which serves as the leading standards in mobile HD standard technology. This platform enables the development of mobile and display products that are standard-compliant in the broad connectivity ecosystem.

Silicon Image’s 650 employees help the company in advancing HD connectivity solutions. They continue to partner with bigger companies to create the much needed breakthroughs in technology that would give way to quality entertainment experience. As the company further push their technology innovations, they are also raising the industry standards.

Remy International: World Leader in Premium Starters, Alternators, and Disc Brake Calipers

Remy International is an American manufacturer, remanufacturer and distributor of alternators, hybrid power technology, light duty starters and Delco Remy brand heavy duty systems. The company has been around since 1896.

Frank and Perry Remy founded the business as a home wiring business in Anderson, Indiana. What started as a small venture has turned into a global operation with facilities in 11 countries. The business is now a trusted name in the transportation and automotive industry with strong market presence in Asia, Europe, Latin America and in North America. The entire operation is divided into three segments, namely, Original Equipment, Locomotive and Aftermarket.  Their Original Equipment unit is further divided into Automotive, Electric Motors and Heavy-duty Vehicles.

It was on December 13, 2012 that the company started trading on the NASDAQ. It now trades using the ticker symbol REMY. The business was once named Delco Remy and changed its brand name to Remy International, Inc. in 2004.

Ryman Hospitality Properties: A Real Estate and Media Company

Previously a subsidiary of the Oklahoma Publishing Company, Ryman Hospitality Properties has become a million dollar venture after it was accumulated by Edward Gaylord. The business which started out as a division of a family business became a hotel, resort, media and entertainment venture.

Prior to 2012, the business has conducted its businesses under the name Gaylord Entertainment Company. Earlier than that, the venture was known as Gaylord Broadcasting Company. It was Edward’s wife Thelma who convinced him to purchase Opryland USA properties after it was put up for sale by the American General Insurance. After purchasing the property, it was immediately merged with the family’s Gaylord Broadcasting thereby creating Gaylord Entertainment Company. The business’ glory days came in the early 1990s under the management of E.W. Wendell. It was under his leadership that the business became the chosen leader in “country lifestyle”.

After the company has reorganized its focus, it has spun off the majority of its broadcast media assets. Several television stations and radio stations were sold to various businesses which left the company with only one broadcast property, the WSM (650 AM). This radio station is a categorized as a country music station that broadcasts in the Nashville area.

Ryman’s hospitality venture started with the founding of the Opryland Hotel which has 600 rooms. This property is part of the Opryland Lodging Group that was formed in 1997. In 2012, an agreement with Marriott International has been reached which allowed the latter to manage the four hotels of the company – General Jackson Snowboat, Wildhorse Saloon, Gaylord Springs Gold Links. In addition, Marriott purchased the Gaylord Hotels division. Other than the properties owned by Marriott, Ryman Hospitality Properties also have their wholly owned and operated properties. This includes the Ryman Auditorium and the Grand Ole Opry.

Headquartered in Nashville, Tennessee, Ryman Hospitality Properties, Inc. continues to trade publicly on the New York Stock Exchange. The business is now headed by their CEO, Colin Reed.