updated 12/2/2010 5:16:53 PM ET 2010-12-02T22:16:53

TROY, Mich., Dec. 2, 2010 (GLOBE NEWSWIRE) -- Syntel, Inc. (Nasdaq:SYNT), a global information technology services and Knowledge Process Outsourcing (KPO) firm, announced that its Board of Directors has declared a special cash dividend of fifty cents ($0.50) per share. The dividend is payable on December 29, 2010, to shareholders of record at the close of business on December 15, 2010.

Syntel's Board of Directors has also declared a regular quarterly dividend of six cents ($0.06) per share, on Syntel's common stock, payable on January 14, 2011 to holders of record at the close of business on December 30, 2010.

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. Syntel is assessed at SEI CMMi Level 5, and is ISO 27001 and ISO 9001:2000 certified. As of September 30, 2010, Syntel employed more than 16,200 people worldwide. To learn more, visit us at: www.syntelinc.com.

Safe Harbor Provision

This news release includes forward-looking statements, including those 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 Report on Form 10-K for the year ended December 31, 2009 and the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2010.

CONTACT: Syntel, Inc.
         Jon Luebke
         248/619-3503
         jon_luebke@syntelinc.com

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