Syntel Named a Top Small Company by Forbes

Syntel, Inc. announced today that it has been included on Forbes Magazine's "200 Best Small Companies" list for the sixth time. The list is a ranking of the fastest-growing companies in America with annual revenues between $5 million and $750 million.

To make the Forbes list, companies are evaluated based on a number of criteria over the past 12 months and also over five years, including sales, profit, and earnings-per-share (EPS) growth rates, return on equity, and stock price. Over the past 12 months, the companies on Forbes’ list have outperformed both the S&P 500 and the Russell 2000.

"It’s an honor to receive this recognition from Forbes," said Bharat Desai, Chairman and CEO of Syntel. "The Company has made great strides in the past year, with continued growth in our key IT and KPO service areas. Syntel is extremely focused on continuing to deliver value to our clients, and providing them with a competitive edge that will help them succeed in today’s marketplace."

About Syntel

Syntel (NASDAQ: SYNT) is a leading global provider of integrated information technology and Knowledge Process Outsourcing (KPO) solutions spanning the entire lifecycle of business and information systems and processes. The Company is driven by its mission to create new opportunities for clients by harnessing the passion, talent and innovation of Syntel employees worldwide. Syntel leverages dedicated Centers of Excellence, a flexible Global Delivery Model, and a strong track record of building collaborative client partnerships to create sustainable business advantage for Global 2000 organizations. Recently named one of the "50 Best Managed Global Outsourcing Vendors" by The Black Book of Outsourcing, Syntel has over 12,200 employees worldwide, is assessed at SEI CMMi Level 5, and is ISO 27001 and 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 11, 2008 and the Company's Quarterly Report on Form 10-Q for the period ending June 30, 2008.