Syntel, Inc. Explained

Syntel Private Limited
Type:Private
Parent:Atos
Industry:IT services, IT consulting
Revenue: US$881 million (2021)[1]
Net Income: US$243 million (2021)
Assets: US$1.1 billion (2021)
Foundation:, in Troy, Michigan, US
Location City:Troy, Michigan
Fate:Acquired
Successor:Atos

Syntel Private Limited, was a multinational provider of integrated technology and business services. The company was led by Rakesh Khanna.[2] Atos Syntel was created by the acquisition of Syntel Private Limited by Atos S.E.,[3] which was announced on July 22, 2018, and completed on October 9, 2018.[4] The subsidiary was later dissolved into Atos itself.

Business

Syntel Private Limited operates its business through four segments: Application Outsourcing, Knowledge Process Outsourcing, e-Business and TeamSourcing. The Application Outsourcing segment provides outsourcing services for ongoing management, development and maintenance of customer's business applications. The Knowledge Process Outsourcing segment provides outsourced solutions for a customer's business processes, providing them with the process enhancement through optimal use of technology. The e-Business segment provides development and implementation services for a number of emerging and rapidly growing technology applications, including web development, data warehousing, e-commerce, CRM, Oracle and SAP, as well as partnership agreements with software providers. The TeamSourcing segment provides professional information technology consulting services directly to customers on a staff augmentation basis and its services include systems specification, design, development, implementation and maintenance of complex information technology applications involving diverse computer hardware, software, data and networking technologies and practices.[1]

Notes and References

  1. Web site: Syntel. Forbes.
  2. News: Syntel Names Rakesh Khanna CEO and President. 2017-07-18. https://web.archive.org/web/20170811105655/https://investor.syntelinc.com/releasedetail.cfm?ReleaseID=1033480. 2017-08-11. dead.
  3. Web site: Syntel enters definitive agreement to be acquired by Atos S.E.. 2018-07-24. https://web.archive.org/web/20180724154301/https://investor.syntelinc.com/news-releases/news-release-details/syntel-enters-definitive-agreement-be-acquired-atos-se. 2018-07-24. dead.
  4. News: Atos completes acquisition of Syntel - Times of India. The Times of India. 10 October 2018 .