Dr. Vasant Raval Joins Syntel Board of Directors

TROY, Mich.--Feb. 4, 2004--Syntel, Inc. today announced that Dr. Vasant Raval, Professor of Accounting and Chair, Department of Accounting at Creighton University, has joined the Company's Board of Directors.

"With Vasant's deep financial expertise, he will be a great addition to our Board of Directors," said Bharat Desai, Syntel's Chairman and CEO. "Vasant is the sixth member on our Board and we are all looking forward to working closely with him."

"Syntel is clearly an innovative company with a great roster of clients and an excellent market niche," said Dr. Vasant Raval. "I have a great deal of respect for what the company has done over its 24-year history and its outstanding track record of financial performance."

Dr. Raval joined Creighton University in Omaha, Nebraska in 1981, where today he serves as Chair/Professor of the Department of Accounting in the College of Business Administration. Prior to joining Creighton University, Dr. Raval was a faculty member at the University of Windsor, Ontario, Canada. He has also held a variety of accounting and tax positions in the public and government sector in India. Currently, he serves on the Board of InfoUSA and is Chair of its Audit Committee.

Dr. Raval is co-author of a book, Accounting Information Systems (Wiley, 2000), and has published in a wide variety of journals, including Information Strategy, Management Accounting, Journal of Information Systems, and Information & Management. One of his areas of research interests is offshore outsourcing.

Dr. Raval received a Doctor of Business Administration degree (1976) from Indiana University and a Master of Business Administration degree (1972) from Indiana State University. He earned a Bachelor of Commerce degree with honors from the University of Bombay. He holds professional certifications in information systems audit and control (U.S.) as well as in management accounting (U.K., India).

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. Recently named one of Forbes Magazine's "Best 200 Small Companies in America," Syntel has over 3,600 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.