New Service Offering Powered by Numerix

TROY, MI – March 22, 2010 – Syntel, Inc., (NASDAQ: SYNT) a global information technology services and Knowledge Process Outsourcing (KPO) company,  today announced that it will begin providing independent pricing services to the Company’s global buy-side and sell-side clients. Syntel will utilize Numerix’s cross-asset pricing and risk analytic technology to power the new offering.

Syntel will also combine Numerix CrossAsset models and methods with its own in-house research to offer Asian credit spread data across corporate securities.

Syntel’s new service offering will deliver enhanced risk mitigation and greater transparency in pricing fixed-income securities and derivatives for its capital markets clients. In addition, Syntel’s clients will have the ability to better manage counterparty exposure and risk, accounting regulatory requirements, and risk reporting including FAS 157, FAS 133 and IAS 39 and Basel II market risk.

Numerix is a leading independent analytics provider for derivatives and structured products. Its pricing models and software solutions are utilized by global issuing institutions and are embedded in the world's most prominent trading and risk platforms.

“We selected Numerix products to fuel this new service offering based on their broad range of pricing models and methods, built-in world-class analytics and strong architecture,” said Syntel CEO and President, Prashant Ranade.

 “We are pleased that Syntel selected our products as the foundation for this new service,” said Numerix President and COO, Steven R. O’Hanlon. “This relationship further validates Numerix’s commitment to providing our clients with the recognized industry standard when it comes to pricing and risk analytics.”

Syntel’s new pricing offering will complement its existing middle and back-office capital markets KPO services, which include valuation, risk and compliance, analytics and research, transfer agency, performance attribution, fund accounting, hedge fund administration and trade processing.

About Numerix
Numerix is the award winning, leading independent analytics institution providing cross-asset solutions for structuring, pre-trade price discovery, trade capture, valuation and portfolio management of derivatives and structured products. 

Since its inception in 1996, more than 375 financial institutions and 45 strategic partners across 25 countries rely on Numerix analytics for speed and accuracy in valuing and managing the most sophisticated financial instruments.  With offices in New York, London, Tokyo, Hong Kong, Singapore and Dubai, Numerix brings together unparalleled expertise across all asset classes and engineering disciplines.  For more information, please visitwww.numerix.com.

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. Recently named one of the "50 Best Managed Global Outsourcing Vendors" by The Black Book of Outsourcing, Syntel is assessed at SEI CMMi Level 5, and is ISO 27001 and ISO 9001:2000 certified. As of December 31, 2009, Syntel employed more than 12,500 people worldwide. 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 12, 2009 and the Company’s Quarterly Report on Form 10-Q for the period ending September 30, 2009.

Media Contacts
Numerix: Todd Swearingen, 646/898-1294, tswearin@numerix.com
Syntel: Jon Luebke, 248/619-3503, jon_luebke@syntelinc.com

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