Syntel Sponsors SIFE India Sustainable Entrepreneurship Competitions

Published on Tuesday, 26 June 2012 00:35 Written by TradersHuddle Staff

TROY, Mich., June 26, 2012 (GLOBE NEWSWIRE) -- Syntel, Inc. (Nasdaq:SYNT), a global information technology services and Knowledge Process Outsourcing (KPO) firm, today announced it will sponsor two regional competitions in India organized by SIFE (Students in Free Enterprise), a global non-profit organization operating in 39 countries.

The competitions will be held in Chennai, India at the Hotel Savera on June 28, 2012 and in Mumbai, India at The Lalit Hotel on July 3, 2012.

At each event, SIFE teams from leading colleges across India will compete by presenting the results of their SIFE projects that apply business concepts to outreach projects that will improve quality of life and living standards for people in need.

The projects will be judged by a panel of over 50 business leaders, and the winners will advance to the SIFE India National Competition to be held in Mumbai on July 4, 2012. One team will be named the national champion and will go on to represent India at the SIFE World Cup in Washington, D.C. later this year.

Aside from the experience gained during the competition, the events present an opportunity for young entrepreneurs to network, collaborate and learn from established business leaders.

"SIFE is an innovative program that enables students to hone their business skills by conceiving and executing a business plan from the ground up," said Farhan Pettiwala, President of SIFE India. "In addition, our emphasis on community development and sustainability is helping nurture a new generation of socially responsible business leaders."

"We are extremely grateful to Syntel for their support and commitment to this important program, and we look forward to continuing to work together to create a more prosperous, sustainable future," said Pettiwala.

SIFE was introduced in India by Syntel's Founder and Chairman, Bharat Desai. Syntel was instrumental in launching SIFE India and has been a longstanding supporter of the program and its goals.

Syntel supports SIFE as part of its broader corporate social responsibility efforts, which include S'Prayas, Syntel's own initiative to combine and organize the efforts of hundreds of Syntel employee volunteers with the mission of enriching young minds.

About SIFE

SIFE is an international non-profit organization that brings together the top leaders of today and tomorrow to create a better, more sustainable world through the positive power of business. Founded in 1975, SIFE has active programs on more than 1,600 college and university campuses in 39 countries. For more information, contact SIFE World Headquarters at 417-831-9505 or visit www.sife.org.

About SIFE India

Launched in 2003, SIFE India has expanded to nearly 50 universities in more than 12 cities and has touched the lives of thousands of people, across the country. SIFE India has established itself as one of the premier student-based organizations in India supporting free enterprise and entrepreneurship. SIFE projects are guided by distinguished faculty advisors who help students apply their classroom experiences to develop and implement real-world educational outreach programs. For more information visit http://www.sifeindia.org

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 9001:2008 certified. As of March 31, 2012, Syntel employed more than 19,000 people worldwide. To learn more, visit us at: www.syntelinc.com.

CONTACT: Shmita Ramkumar
         SIFE Worldwide
         (+91) 9962589927
         
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         Sikta Samantaray
         Syntel Inc.
         (+91) 9619038730
         
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