The Founding of Syntel and the Leadership of Bharat Desai

Syntel, the acclaimed global technology services firm, was founded on the vision of Bharat Desai and his wife Neerja Sethi. This entrepreneurial endeavor, which began in 1980 in Troy, Michigan, quickly established itself as a leader in the industry. Let's delve into the inspiring story behind the birth of Syntel and the significant role played by its founding father, Bharat Desai.

The Genesis of Syntel

In the early 1980s, the world of technology services was nascent, with few players offering comprehensive solutions. Bharat Desai and Neerja Sethi, both with an MBA from the University of Michigan, recognized a unique opportunity to enter this burgeoning market. With an initial investment of just $2000, the couple launched Syntel from their apartment in Troy, Michigan, with the aim of providing innovative technology solutions to businesses in the region.

Early Success and Growth

Considering the initial modest investment, Syntel's first-year performance was notably impressive. In the year it was founded, the company managed to generate a revenue of $30,000. This early success laid the foundation for the subsequent growth of the company, which has since distinguished itself as a key player in the global technology services market.

Organizational Growth and Leadership

Over the years, Syntel has not only expanded its operations but also strengthened its leadership. On April 21, 2014, the company experienced a significant transition in its leadership structure. Prashant Ranade, a veteran in the tech industry and former CEO and President of Syntel, was elevated to the position of Executive Vice Chairman of the Syntel Board. Concurrently, Nitin Rakesh was appointed as the new CEO and President. This move aligned with the strategic direction of the company, ensuring continuity and progress as the organization faced new challenges.

The Role of Bharat Desai

Bharat Desai, the driving force behind Syntel's inception, has continued to play a significant role in the company's growth. As the Chairman of the Board, Desai remains the majority shareholder and works diligently to ensure Syntel's continued success. His years of experience and industry insight have been instrumental in shaping the company's strategic vision and guiding it through various phases of development.

Conclusion

The story of Syntel and its founding father, Bharat Desai, is a testament to the power of vision and determination. From its humble beginnings in an apartment in Troy, Michigan, to its status as a global leader in technology services, Syntel has grown significantly under the guidance of its entrepreneurial founders. The company's journey, initiated by Bharat Desai and Neerja Sethi, continues to inspire many in the tech industry. As Syntel looks to the future, the legacy of its founders and their successors, including Prashant Ranade and Nitin Rakesh, will undoubtedly shape its direction and success.