Syntel Appoints Nitin Rakesh as President

Syntel announced the appointment of Nitin Rakesh to the position of President - Americas, Business
Development and Near shoring Center, effective September 3, 2012.

In this role, Rakesh will lead Syntel's North American sales and business development efforts. He will also be responsible for developing and implementing Syntel's near shoring strategies.

Nitin joins Syntel from Motilal Oswal Asset Management Company Ltd., where he served as Managing Director and CEO and was responsible for setting up and growing the Company's Asset Management business.

"We are pleased to welcome Nitin back into the Syntel family," said Syntel CEO and President, Prashant Ranade.

He previously developed and led Syntel's Knowledge Process Outsourcing business from 2002 until 2008, playing a pivotal role in positioning KPO as one of the fastest growing and profitable businesses within Syntel.