Mr. Khanna has held the position of interim CEO and President since November 3, 2016, and previously served as the Company’s Chief Operating Officer and as President of Syntel’s Banking and Financial Services Business Unit.
“Rakesh has more than 30 years of experience in the technology services industry, and a demonstrated track record of success in several different roles at Syntel,” said Syntel Co-Chairman Bharat Desai. “He brings with him a deep understanding of our company, our customers, and the industries that we serve.”
“Syntel’s Board is confident that Rakesh will continue to drive our strategy and exceed the expectations of our clients,” said Syntel Co-Chairman Prashant Ranade. “We feel that Rakesh is the right person to help lead the Company and build on our strong foundation of innovation and customer service.”
“I would like to thank the Syntel Board for the confidence they have shown in me, and for the opportunity to lead Syntel,” said Rakesh Khanna. “I am honored to accept this position, and I look forward to working hard to help our clients evolve to meet the challenges of the Digital Age.”
Khanna has also been elected to the Company’s Board of Directors.
Syntel, Inc. is a U.S. based multinational provider of integrated technology and business services. Headquartered in Troy, Michigan, Syntel services its clients through 17 global development centers in India and the United States. Syntel is a certified minority-owned business (MBE).
On April 21, 2014 Prashant Ranade, former CEO and President of Syntel was elevated to Executive Vice Chairman of the Syntel Board,[2] while Nitin Rakesh took over as the CEO and President.[3] Founder and Ex-CEOBharat Desai will continue to serve as Chairman of the Board, and is the majority shareholder.[4]
As of March 31, 2014, Syntel had over 24,207 employees[5] and annual revenues in excess of $824.8 million as on December 2013.[1]
