UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                             CURRENT REPORT PURSUANT
                          TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported) August 15, 2006

                                  Syntel, Inc.
             (Exact Name of Registrant as Specified in Its Charter)

                                    Michigan
                 (State or Other Jurisdiction of Incorporation)

                                            
       000-22903                                           38-2312018
(Commission File Number)                       (IRS Employer Identification No.)



                                                          
525 E. Big Beaver Road, Suite 300, Troy, Michigan               48083
     (Address of Principal Executive Offices)                (Zip Code)



                                 (248) 619-2800
              (Registrant's Telephone Number, Including Area Code)

      _____________________________________________________________________
          (Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligations of the registrant under any of the
follwing provisions (see General Instruction A.2. below):

[ ]  Written communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))


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ITEM 8.01. OTHER EVENTS.

On August 14, 2006, the Board of Directors of Syntel, Inc. (the "Company")
declared a special dividend of $1.25 per share with a record date of August 31,
2006 and a payment date of September 15, 2006. On August 15, 2006, the Company
issued a press release announcing the special dividend. A copy of the press
release is attached to this Report as Exhibit 99.1.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

(c)  Exhibits.



Exhibit
 Number
-------
       
  99.1    Press Release dated August 15, 2006.



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                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                        Syntel, Inc.
                                        (Registrant)


Date August 15, 2006                    By /s/ Daniel M. Moore
                                           -------------------------------------
                                           Daniel M. Moore, Chief Administrative
                                           Officer


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EXHIBIT INDEX



Exhibit No.   Description
-----------   -----------
           
99.1          Press Release dated August 15, 2006



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