8-K

                                  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 16, 2006
                                                        ------------------------


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


                                    Michigan
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                 (State or Other Jurisdiction of Incorporation)


            000-22903                                  38-2312018
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     (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
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              (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 5.02. DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF PRINCIPAL OFFICERS.

On July 24, 2006, the Board of Directors of Syntel, Inc. (the "Company")
increased the size of the Board from six to seven members. On August 16, 2006,
the Company's Board of Directors elected James "Jim" Swayzee to the Board to the
fill the vacancy created by the increase in the size of the Board of Directors.
Mr. Swayzee has more than 30 years of experience in management consulting,
business development, sales & marketing management, and innovation sourcing
across Europe and the US. Most recently, he served as a partner in the
Pharmaceutical and Medical Products practice at Accenture in New York. Prior to
that, he spent 12 years in various management roles at Eli Lilly & Co., the last
of which was as Director of Corporate Business Development, where he had
responsibility for establishing new business ventures in Europe, Africa and the
US. For the eight years preceding Eli Lilly, Mr. Swayzee provided was a
management consultant with Booz, Allen & Hamilton in Paris and New York. Mr.
Swayzee will stand for election to the Board of Directors with the other
director nominees at the Company's 2007 Annual Shareholder Meeting.

Mr. Swayzee is not a party to any arrangement or understanding pursuant to which
he was selected as a director, nor is Mr. Swayzee a party to any transaction, or
series of transactions, required to be disclosed pursuant to Item 404(a) of
Regulation S-K under the Securites Exchange Act of 1934.

A copy of the press release issued by the Company announcing Mr. Swayzee's
election to the Board is furnished as Exhibit 99.1.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits.

    Exhibit
    Number

      99.1      Press Release dated August 21, 2006.


                                   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 21, 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 21, 2006.



                                        3

EX-99.1

                                                                    EXHIBIT 99.1


                  SYNTEL ADDS NEW MEMBER TO BOARD OF DIRECTORS


TROY, Mich. -- August 21, 2006 -- Syntel, Inc. today announced that James "Jim"
Swayzee, former partner at Accenture, has joined the Company's Board of
Directors.

"Jim's deep, international experience in management consulting and strategic
planning make him a valuable asset to our board," said Bharat Desai, Syntel's
Chairman and CEO. "We look forward to his contributions as Syntel embarks on the
next chapter of our its global growth strategy."

With the addition of Mr. Swayzee, Syntel's board will now consist of seven
members.

"In its 26-year history, Syntel has built a very dynamic and relevant business
model that meets the needs of today's global corporations and I've been
impressed with the solid operating performance the organization has consistently
delivered," said Mr. Swayzee. "I look forward to leveraging my experience to
drive enhanced value to all of Syntel's stakeholders."

Mr. Swayzee has more than 30 years of experience in management consulting,
business development, sales & marketing management, and innovation sourcing
across Europe and the US. Most recently, he served as a partner in the
Pharmaceutical and Medical Products practice at Accenture in New York. Prior to
that, he spent 12 years in various management roles at Eli Lilly & Co., the last
of which was as Director of Corporate Business Development, where he had
responsibility for establishing new business ventures in Europe, Africa and the
US. For the eight years preceding Eli Lilly, Mr. Swayzee provided was a
management consultant with Booz, Allen & Hamilton in Paris and New York. Mr.
Swayzee will stand for election to the Syntel Board of Directors with the other
director nominees at the Company's 2007 Annual Shareholder Meeting.

He holds a Bachelor's degree from Wabash College and a Masters of Science
degrees in International Business and Economics from the Universities of Munich
and Southern California. Mr. Swayzee is also a member of the Board of Trustees
of the International School of Paris and President of its U.S. Investment
Corporation.

ABOUT SYNTEL

Syntel (SYNT) is a leading global provider of custom outsourcing solutions in a
broad spectrum of information technology and information technology-enabled
services. The Company's vertical practices support the entire
Design-Build-Operate-Optimize lifecycle of systems and processes for
corporations in the Financial Services, Insurance, Retail, Health Care and
Automotive industries. The first US-based firm to launch a Global Delivery
Service to drive speed-to-market and quality advantages for its customers,
Syntel now leverages this efficient model for the majority of its Global 2000
customers. Recently named one of Forbes Magazine's "Best 200 Small Companies in
America," Syntel has more than 6,600 employees worldwide, is assessed at Level 5
of the SEI's CMMI, BS 7799-2:2002 as well as ISO 9001:2000 certified. To learn
more, visit us at:www.syntelinc.com.

SAFE HARBOR PROVISION

This news release includes forward-looking statements, including with respect to
the future level of business for Syntel, Inc. These statements are necessarily
subject to risk and uncertainty. Actual results could differ materially from
those projected in these forward-looking statements as a result of certain risk
factors set forth in the Company's Annual Form 10-K document dated March 14,
2006. Factors that could cause results to differ materially from those set forth
above include general trends and developments in the information technology
industry, which is subject to rapid technological changes, and the Company's
concentration of sales in a relatively small number of large customers, as well
as intense competition in the information technology industry, which the Company
believes will increase.


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