Syntel Announces Management Changes

TROY, Mich., June 9 -- Syntel, Inc. a global information technology services firm, today announced changes in its management team, effective immediately. Ayan Chatterjee will join Syntel as the Company's Senior Vice President of Sales. Chief Operating Officer Atul Kunwar and Senior Vice President of Sales Pramode Metre have both left the company.

Ayan Chatterjee, a senior sales executive with Infosys Technologies Ltd, replaces Metre in the role of Senior Vice President of Sales. At Infosys, Chatterjee was the head of sales and relationship management for the Western Americas region and a member of the Infosys Management Council.

"We are excited to have Ayan join our team in this very important role and at a key time in Syntel's history," said Bharat Desai, Syntel Chairman and CEO. "As large organizations continue to embrace offshore IT delivery to improve their business processes, Syntel has an enormous opportunity to grow its global share of the market. Ayan will be a key player in helping us achieve that objective."

"I look forward to joining Syntel at this very exciting time in the industry," said Chatterjee. "The company has made great progress in shifting its business model to leverage its global delivery abilities as well as win preferred partnerships with Global 2000 clients. I look forward to enhancing the depth and focus of Syntel's sales management methodology."

Prior to his tenure with Infosys, Ayan provided strategy, process, and technology solutions to global clients at Accenture.

"The Syntel Board of Directors and Atul Kunwar mutually agreed it is in the best interest of the Company to effect a leadership change at this time," said Desai.

About Syntel, Inc.

Syntel is a leading global provider of custom outsourcing solutions in a broad spectrum of information technology and information technology-enabled services. The Company's vertical practices support the entire Design-Build-Operate-Optimize lifecycle of systems and processes for corporations in the Financial Services, Insurance, Retail, Health Care and Automotive industries. The first US-based firm to launch a Global Delivery Service to drive speed-to-market and quality advantages for its customers, Syntel now leverages this efficient model for the majority of its Global 2000 customers. Named one of Forbes Magazine's "Best 200 Small Companies in America," Syntel has over 3,000 employees worldwide, is assessed at Level 5 of the SEI's CMM and is ISO 9001:2000 certified. To learn more, visit us at: www.syntelinc.com.

Safe Harbor Provision

This news release includes forward-looking statements, including with respect to the future level of business for Syntel, Inc. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors set forth in the Company's Annual Form 10-K document dated March 31, 2003. Factors that could cause results to differ materially from those set forth above include general trends and developments in the information technology industry, which is subject to rapid technological changes, and the Company's concentration of sales in a relatively small number of large customers, as well as intense competition in the information technology industry, which the Company believes will increase.