Bharat Desai Again Named The Richest Indo-American By Forbes

BANGALORE – Once againBharat Desai, Chairman & C0-Founder, SyntelLimited, has beenranked as the richestIndian American inthe prestigiousForbes WorldBillionaires list. He isfollowed by RomeshWadhwani, JohnKapoor, VinodKhosla & AneelBhusri according tothe Forbes list.Bharat stands at an enviable No3 position in the Forbes WorldBillionaires list among Indian ITczars next only to Azim Premji,and Shiv Nadar. He is trailed byNarayana Murthy, SGopalakrishnanand NandanNilekani.Even on the overallscores, Bharat doeswell, ranked as he isat the 731 positionby Forbes out of1,565 names populatingthis list ofWorld Billionaires.Bharat Desailaunched Syntel(Nasdaq:SYNT) in the year1980. Syntel is a leading globalprovider of integrated informationtechnology andKnowledge ProcessOutsourcing (KPO) solutionsspanning the entire lifecycle ofbusiness and information systemsand processes.India will continue to be thepremiere destination for SyntelInc for their integrated IT &and business process services.Syntel has strong presence inIndia across Mumbai, PunePune (77 Acre Campus),Chennai (29 Acres);Commenced construction onour 3rd SEZ campus inTirunelvelli, Tamil Nadu (100acres, 2500 seats in Phase1)Syntel has over 23,000employees out of which 80 percentemployees are from India.Market Capitalization has nearlytrebled from $ 1 Billion in2007 to over $ 3.5 BillionToday. Recently SyntelFounders Bharat Desai (a 1975-batch IITB alumnus) andNeerja Sethi have been instrumentalin establishing the“Desai Sethi Centre forEntrepreneurship” at Bharat’salma mater IIT Bombay. Thecentre envisioned by the couplewill encourage entrepreneurshipand technology innovationthrough new programmes foreducation and research, multidisciplinarycourses, researchlaboratories and partnership.