Syntel’s Board of Directors Declares Regular Dividend

TROY, Mich.--(BUSINESS WIRE)--At its May 12, 2008 meeting, the Board of Directors of Syntel (NASDAQ: SYNT) declared a regular quarterly dividend of six cents ($0.06) per share, on Syntel's common stock, payable on July 14, 2008 to holders of record at the close of business on June 30, 2008.

About Syntel

Syntel (NASDAQ: SYNT) is a leading global provider of integrated information technology and Knowledge Process Outsourcing (KPO) solutions. The Company's mission is to create new opportunities for its clients by harnessing the passion, talent and innovation of Syntel employees worldwide. It leverages dedicated vertical and service Centers of Excellence along with its flexible Global Delivery Model to deliver solutions that drive innovation, improve quality and reduce costs for Global 2000 customers in the Financial Services, Insurance, Healthcare/Life Sciences, Telecom, Retail, Aerospace, Manufacturing, and Automotive industries. In addition to vertical-focused units, the company has established Centers of Excellence for Testing, Migration, and Demand Management. Recognized by customers to be "Small enough to listen, Big enough to deliver.™" for its responsiveness and ability to build collaborative partnerships, the Company is known for solutions that deliver sustainable business advantage. Recently named to The Black Book of Outsourcing's "50 Best Managed Global Outsourcing Vendors" list, Syntel has more than 12,000 employees worldwide, is assessed at Level 5 of the SEI's CMMI, ISO 27001 as well as 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. 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.