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Syntel Founder Bharat Desai Named ``Entrepreneur of the Year'' by the Ross School of Business at The University of Michigan
TROY, Mich. --(Business Wire)-- Sept. 21, 2005 -- Bharat Desai, Chairman, CEO and founder of Syntel, Inc. (NASDAQ: SYNT), a global information technology services company, has been named "Entrepreneur of the Year" by the Stephen M. Ross School of Business at The University of Michigan in Ann Arbor, Mich.
Established in 1991, this award recognizes the accomplishments of an alumnus or alumna of The University of Michigan who has started and built a successful enterprise. Desai earned his M.B.A. in Finance from the Stephen M. Ross School of Business at The University of Michigan in 1981.
The award will be presented on Friday, September 23, 2005 at Entrepalooza 2005: Define Your Path - the Business School's signature event celebrating entrepreneurship and new business formation. Desai will present the keynote address following the receipt of his award.
Desai founded Syntel in 1980 in Troy, Mich., with a $2,000 investment. Today, Syntel is publicly-traded on NASDAQ, has more than 5,000 employees in global centers around the world and a market capitalization in excess of $750 million. Syntel provides information technology solutions to leading corporations around the globe.
About Entrepalooza
Presented by the Zell Lurie Institute for Entrepreneurial Studies and the Entrepreneur and Venture Club, Entrepalooza 2005 will provide students, venture capitalists and business executives an outstanding networking opportunity, in addition to exposing attendees to the various facets of entrepreneurship. This year's event runs from 7:30 a.m. - 12:30 p.m. on Friday, Sept. 23, at the UM Ross School of Business Assembly Hall. There will be four panel discussions on: entrepreneurial success in real estate, social entrepreneurship, venture capital and private equity investing and building successful ventures, plus keynote addresses by Syntel's Bharat Desai and Quicken Loan's CEO Dan Gilbert.
About Syntel
Syntel (SYNT) 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 more than 5,000 employees worldwide, is assessed at Level 5 of the SEI's CMMI, BS 7799-2:2002 as well as ISO 9001:2000 certified. To learn more, visit us at: www.syntelinc.com.
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