SWOT ANALYSIS ON Syntel, Inc. -
November 30th, 2010
Syntel, Inc. (NASDAQ: SYNT) is a global provider of Information Technology (IT) and Knowledge Process Outsourcing (KPO) solutions, with global development centers in India, and US.
Syntel was founded in Troy, Michigan in 1980 by Indian Bharat Desai, a graduate of University of Michigan’s Stephen M. Ross School of Business and Neerja Sethi with an initial investment of $2,000. Originally named “Systems International,” the company began providing software staffing services to local corporations, earning $30,000 in its first year.
On February 1, 2010, Syntel announced the promotion of Prashant Ranade to the position of CEO. Founder and former CEO Bharat Desai will continue to serve as Chairman of the Board, and is the majority shareholder.
As of June 30, 2010, Syntel has over 14,900 employees and annual revenues in excess of $419 million.
* inLab Saves Time
* Effective Training
* Readily Available, Competent Assistance
* Charges A Nominal Fee For Activation Keys To Software
* Steep Learning Curve
* Large Financial Commitment
* Not Suitable For Small, Low-Volume Labs
* Product and services expansion
* Product substitution
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