Atos Syntel

Atos Syntel is a subsidiary [4] of Atos and a multinational provider of integrated technology and business services. The company is led by Rakesh Khanna.[5] Atos Syntel was created by the acquisition of Syntel, Inc. by Atos S.E.,[6] which was announced on July 22, 2018 and completed on October 9, 2018.

Atos Syntel
TypeSubsidiary[1]
IndustryIT services, IT consulting
FoundedTroy, Michigan, United States 1980 (1980)
Headquarters
Michigan [2] [3]
Key people
Rakesh Khanna (CEO)
Anil Agrawal (CFO)
Murlidhar Reddy (Chief Delivery Officer)
ServicesIT, business consulting and outsourcing services
ParentAtos
Websitewww.atos-syntel.net

History

Originally founded in 1980 as Syntel International by Bharat Desai and Neerja Sethi in Troy, Michigan Syntel began by providing software staffing services to local corporations like General Motors (US),[7] and some major governmental units, earning $30,000 in its first year.[8]

  • 1992: Syntel opens its first two Global Development Centers in Mumbai and Chennai, India – one of the first U.S.- based IT service companies to employ a Global Delivery model.[8]
  • 1997: Syntel stock begins trading on NASDAQ[9]
  • 2002: Syntel opens Global Development Centers in Phoenix, AZ and Pune, India.[10]
  • 2005: Syntel opens the first phase of its Pune Technology Campus. Syntel acquires a 27-acre (110,000 m2) parcel of land in Chennai for a second technology campus.[11]
  • 2009: Syntel promotes Keshav Murugesh to President and CEO. Bharat Desai remains Chairman of the Board[12]
  • 2010: Prashant Ranade is appointed Syntel CEO;[13] Syntel opens the first phase of its Chennai technology campus.
  • 2011: Rakesh Khanna becomes Chief Operating Officer[14] of Syntel.
  • 2014: Nitin Rakesh takes over as CEO and President. Prashant Ranade promoted to Executive Vice Chairman of the Syntel Board[15]
  • 2016: Rakesh Khanna takes over as Interim CEO and President. Prashant Ranade becomes Co-Chairman of the Syntel Board[15]
  • 2017: Syntel names Rakesh Khanna CEO and President [16]
  • 2018: Syntel merges with French IT provider Atos S.E.[17] and begins operating under the brand Atos Syntel
  • 2019: Atos Syntel opens new global delivery centre in Gangaikondan SEZ, Tirunelveli.[18]

Business model

Syntel's early growth prompted their leadership to explore additional service offerings to augment the core IT staffing business.[8]

In 1989, Syntel began providing development and maintenance services to its clients.

In 1992, with new development centers in India, Syntel began software outsourcing services with an onsite-offshore model, which connected software developers in India to project managers at client locations via an international telecommunications network.[8]

Atos Syntel provides IT services such as traditional application development and maintenance, data warehousing and business intelligence, as well as digital services like social media, mobile, cloud, analytics, IoT and AI and automation-powered solutions.

The company markets its services to enterprises in the banking and financial services, insurance, healthcare and life sciences, retail, logistics and telecom, and manufacturing sectors. Integral to its operating model are the use of offshore centers to deliver IT and KPO services.

Operations

Atos Syntel operates facilities in the United States, United Kingdom, Germany and offshore software development centers in Mumbai, Chennai, Tirunelveli, Hyderabad, Gurgaon and Pune, India, as well as Manila, Philippines. The Company's U.S.-based development centers are located in Phoenix, Arizona, Nashville, Tennessee, and Memphis, Tennessee.

The first Syntel offshore development centers were established in Mumbai in 1992, with centers opening in Chennai soon after. In 2005, Syntel opened a large technology campus in Pune.[19] In May, 2010, Syntel also opened the first phase of a 27-acre (110,000 m2) technology campus in Chennai, India.

Leadership

Rakesh Khanna

Rakesh Khanna is the CEO of Atos Syntel and a member of the Atos Executive Committee. He previously served as Syntel's CEO and President from November 3, 2016 [20] until the October, 2018 merger with Atos. He previously served as Syntel's Chief Operating Officer January 2012 until November 2016, and as President of the Banking and Financial Services Business Unit from 2005 until 2012.

References
  1. https://timesofindia.indiatimes.com/business/international-business/atos-completes-acquisition-of-syntel/articleshow/66145382.cms#:~:text=Based%20on%20the%20terms%20of,wholly%20owned%20subsidiary%20of%20Atos.&text=Post%20the%20acquisition%2C%20Syntel%20shares,be%20delisted%20from%20the%20NASDAQ.
  2. https://www.atos-syntel.net/contact-us
  3. "About Us – Atos Syntel". www.atos-syntel.net. Retrieved 2019-01-20.
  4. https://timesofindia.indiatimes.com/business/international-business/atos-completes-acquisition-of-syntel/articleshow/66145382.cms#:~:text=Based%20on%20the%20terms%20of,wholly%20owned%20subsidiary%20of%20Atos.&text=Post%20the%20acquisition%2C%20Syntel%20shares,be%20delisted%20from%20the%20NASDAQ.
  5. "Syntel Names Rakesh Khanna CEO and President". Archived from the original on 2017-08-11. Retrieved 2017-07-18.
  6. "Syntel enters definitive agreement to be acquired by Atos S.E." Archived from the original on 2018-07-24. Retrieved 2018-07-24.
  7. "Archived copy". Archived from the original on 2013-10-05. Retrieved 2013-10-03.CS1 maint: archived copy as title (link)
  8. "Archived copy". Archived from the original on 2013-10-04. Retrieved 2013-10-03.CS1 maint: archived copy as title (link)
  9. "SYNTEL INC (SYNT) IPO". NASDAQ.com. Retrieved 17 July 2018.
  10. "Archived copy". Archived from the original on 2013-10-04. Retrieved 2013-10-03.CS1 maint: archived copy as title (link)
  11. "Syntel to expand in Chennai; acquires 27.52 acre land -Software-News-Indiatimes". The Times Of India. May 2, 2005. Archived from the original on October 5, 2013. Retrieved October 3, 2013.
  12. "Syntel Promotes Keshav Murugesh to Chief Executive Officer". Bloomberg.
  13. "Syntel names Prashant Ranade new CEO - CIOL". Ciol.com. 4 February 2010. Retrieved 17 July 2018.
  14. https://globenewswire.com/news-release/2012/01/03/464536/241752/en/Syntel-Promotes-Rakesh-Khanna-to-Chief-Operating-Officer.html
  15. Novinson, Michael (2016-11-04). "Syntel CEO Steps Down, COO Named As Interim Replacement". CRN. Retrieved 2017-05-30.
  16. "Syntel Names Rakesh Khanna CEO and President". Syntelinc.com. Archived from the original on 17 July 2018. Retrieved 17 July 2018.
  17. https://atos.net/en/2018/press-release_2018_10_09/atos-digital-leadership-strengthened-completion-acquisition-us-based-syntel
  18. https://www.thehindubusinessline.com/info-tech/software-firm-atos-opens-new-global-delivery-centre-in-tirunelveli/article26980151.ece
  19. "IT major's entry evokes much hope". The Hindu.
  20. "Syntel Makes Leadership Changes". Financialit.net. Retrieved 17 July 2018.
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