Syntel Appoints Prashant Ranade As Executive Vice Chairman; Nitin Rakesh As CEO

(RTTNews) - Syntel Inc. (SYNT) announced that Prashant Ranade, the company's current Chief Executive Officer and President, will become Executive Vice Chairman of Syntel Inc.'s Board of Directors effective April 21, 2014.

In addition, the company said it has appointed Nitin Rakesh to the positions of Chief Executive Officer and President, succeeding Ranade effective April 21, 2014.

Nitin Rakesh will move into the CEO and President role from his current position as President—Americas, Business Development and Near Shoring Center. Before rejoining Syntel, Nitin served as Chief Executive Officer and Managing Director of Motilal Oswal Asset Management Company, Ltd., a financial services company, from September 2008 to September 2012. He previously developed and led Syntel's Knowledge Process Outsourcing business from 2002 until 2008, playing a pivotal role in building KPO into a high performing service line.