Syntel rated top IT outsourcer on Forbes "200 best small companies" list

Syntel, a global information technology services and Knowledge Process Outsourcing (KPO) company, announced on Friday that it is the top-ranked IT outsourcing company on Forbes Magazine's "200 Best Small Companies" list for 2009.

Syntel jumped more than 60 spots on this year's list, which ranks the fastest-growing companies in America with annual revenues between $5 million and $750 million.

In order to be named one of Forbes' "200 Best Small Companies," firms are evaluated based on a number of criteria looking at both short and longer-term performance, including sales, profit, and earnings-per-share (EPS) growth rates, return on equity, and stock price.

Syntel, which has been named to the list for three consecutive years, jumped more than 60 spots to rank 27th overall. Syntel's ascent was attributable to strong growth in EPS and return on equity, as well as stock performance that ranked in the top 10 relative to the industry.

"It's an honour to receive this recognition from Forbes," said Keshav Murugesh, CEO and president of Syntel. "Syntel's performance over the last year has been very strong despite a difficult economic environment, which is a testament to the passion, talent and dedication of our employees worldwide. We will continue to focus on our core strengths of delivering flexible, innovative solutions to help our customers increase efficiency and maximise their technology investments."