Consolidation Of A Variable Interest Entity

3 Months Ended

Mar. 31, 2012

Consolidation Of A Variable Interest Entity [Abstract]

Consolidation Of A Variable Interest Entity

17. CONSOLIDATION OF A VARIABLE INTEREST ENTITY

Syntel Delaware is a 100% subsidiary of Syntel Inc and 49% shareholder of the joint venture ("JV") entity SSSSML, the other shareholder being an affiliate of State Street Bank. Syntel Delaware has a variable interest in SSSSML as it is entitled to all the profits and solely responsible for all losses incurred by SSSSML even though it holds only 49% in the JV entity. Accordingly, Syntel Delaware consolidates the JV entity SSSSML.

The Company's KPO services to State Street Bank and one other client are provided through the above joint venture between the Company and an affiliate of State Street Bank. Sales of KPO services only to these two clients represented approximately 14.5% and 15.5% of the Company's total revenues for three months ended March 31, 2012 and 2011, respectively.