Syntel to Announce Third Quarter Results on October 15, 2003

TROY, Mich., Oct. 2, 2003 -- Syntel, Inc. , a global Applications Outsourcing and e-Business solutions company, will announce results for the third quarter, ended September 30, 2003, before the market opens on Wednesday, October 15, 2003.

Syntel management will conduct a conference call at 10:00 a.m. (ET) to discuss operating performance for the quarter. To participate in the conference call, participants in the U.S./Canada should dial (888) 689-9220. International callers should dial (706) 645-0118.

The conference call will also be available live via the Internet by accessing the Syntel web site at: www.syntelinc.com. Please access the site at least fifteen minutes prior to the call to register, download and install any necessary software.

For those who cannot access the live broadcast, a replay will be available by dialing (800) 642-1687 and entering "3138881" from 11:30 a.m. on October 15, 2003 until midnight on October 17, 2003. International callers may dial (706) 645-9291 and enter the same passcode.

About Syntel

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. Recently named one of Forbes Magazine's "Best 200 Small Companies in America," Syntel has over 3,200 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.