Exhibit 99.1

Syntel Announces a Change in Segment Financial Reporting

TROY, Mich. – April 14, 2014 – Syntel, Inc. (NASDAQ: SYNT), a global information technology services and Knowledge Process Outsourcing (KPO) company today announced a realigned financial reporting structure, which will become effective as of the quarter ending March 31, 2014.

While this financial data reflects the change in the Company’s reportable segments described below, the Company has not in any way revised or restated its historical financial statements for any period.

Under the realigned structure, the Company’s reportable segments are as follows: (1) Banking and Financial Services – which includes banking, transaction processing and capital markets customers; (2) Insurance – which includes insurance customers; (3) Healthcare and Life Sciences – which includes healthcare and life sciences customers; (4) Manufacturing – which includes automotive and manufacturing customers; and (5) Retail, Logistics and Telecom – which includes retail, travel and other hospitality services, logistics services, telecommunication, and all other customers.

Historical results reflecting the new business segments for previously reported fiscal periods for the 2013 and 2012 quarterly and 2013, 2012, and 2011 year-end periods are attached. The Company will begin to report results under the new reporting segments with the filing of its Quarterly Report on Form 10-Q for the quarter ending March 31, 2014.

This information is being furnished in order to provide the financial community with summary financial information and historical data for the 2013 and 2012 quarterly and 2013, 2012, and 2011 year-end periods that is on a basis consistent with the Company’s new reporting segments. In accordance with ASC 280, “Segment Reporting,” those prior period’s segment disclosures have been restated to reflect industry segments as follows.

Syntel’s leadership evaluates the Company’s performance and allocates resources based on segment revenues and segment cost of revenues. Segment Gross Profit is defined as gross profit before Corporate Direct Costs.

The Company’s cost of revenues consists of costs directly associated with billable professionals in the U.S. and offshore, including salaries, payroll taxes, benefits, relocation costs, immigration costs, finder’s fees, trainee compensation and travel.

Generally, the cost of revenues for each operating segment has similar characteristics and is subject to the same factors, pressures and challenges. However, the economic environment and its effects on industries served by our operating groups may affect revenue and cost of revenues to differing degrees.

Certain expenses, for cost centers such as Centers of Excellence, Architecture Solutions Group (ASG), Research and Development (R&D), Cloud Computing, Application Management, etc., are not specifically allocated to specific segments because management believes it is not practical to allocate such costs to individual segments as they are not directly attributable to any specific segment.

Accordingly, these expenses are separately disclosed as Corporate Direct Costs and adjusted only against the Total Gross Profit.

The following table describes the historical results reflecting the new business segments for previously reported fiscal periods for the 2013 and 2012 quarterly and 2013, 2012, and 2011 year end periods.

Quarterly and YTD Revenue and Income from Operations for 2013.

	Q1-2013						Q2-2013						Q3-2013						Q4-2013						YTD 2013
Net Revenues	$ in thousands			%			$ in thousands			%			$ in thousands			%			$ in thousands			%			$ in thousands			%
Banking and Financial Services		102,892			54.4	%		106,038			52.4	%		104,397			49.7	%		109,911			49.2	%		423,238			51.3	%
Insurance		29,101			15.4	%		30,042			14.8	%		30,400			14.5	%		32,546			14.6	%		122,089			14.8	%
Healthcare and Life Sciences		29,490			15.6	%		33,654			16.6	%		37,336			17.8	%		38,098			17.1	%		138,578			16.8	%
Manufacturing		8,269			4.4	%		7,731			3.8	%		7,178			3.4	%		7,144			3.2	%		30,322			3.7	%
Retail, Logistics & Telecom		19,354			10.2	%		25,036			12.4	%		30,560			14.6	%		35,588			15.9	%		110,538			13.4	%
Total Net Revenues		189,106						202,501						209,871						223,287						824,765
Gross Profit
Banking and Financial Services		44,989			43.7	%		45,684			43.1	%		49,154			47.1	%		53,075			48.3	%		192,902			45.6	%
Insurance		11,143			38.3	%		11,614			38.7	%		13,206			43.4	%		13,646			41.9	%		49,609			40.6	%
Healthcare and Life Sciences		12,625			42.8	%		14,972			44.5	%		19,459			52.1	%		18,772			49.3	%		65,828			47.5	%
Manufacturing		2,982			36.1	%		2,645			34.2	%		2,533			35.3	%		2,684			37.6	%		10,844			35.8	%
Retail, Logistics & Telecom		6,860			35.4	%		9,650			38.5	%		14,326			46.9	%		17,969			50.5	%		48,805			44.2	%
Segment Gross Profit		78,599			41.6	%		84,565			41.8	%		98,678			47.0	%		106,146			47.5	%		367,988			44.6	%
Corporate Direct Costs		(822	)		-0.4	%		(984	)		-0.5	%		(965	)		-0.5	%		(1,028	)		-0.5	%		(3,799	)		-0.5	%
Total Gross Profit		77,777			41.1	%		83,581			41.3	%		97,713			46.6	%		105,118			47.1	%		364,189			44.2	%
Selling, General and administrative expenses		25,693			13.6	%		18,690			9.2	%		22,445			10.7	%		29,759			13.3	%		96,587			11.7	%
Income from Operations		52,084			27.5	%		64,891			32.0	%		75,268			35.9	%		75,359			33.7	%		267,602			32.4	%

Quarterly and YTD Revenue and Income from Operations for 2012 and YTD for 2011.

	Q1-2012						Q2-2012						Q3-2012						Q4-2012						YTD 2012						YTD 2011
Net Revenues	$ in thousands			%			$ in thousands			%			$ in thousands			%			$ in thousands			%			$ in thousands			%			$ in thousands			%
Banking and Financial Services		93,954			55.0	%		98,561			55.1	%		102,630			55.1	%		102,656			54.7	%		397,801			55.0	%		367,220			57.2	%
Insurance		22,752			13.3	%		25,488			14.2	%		25,843			13.9	%		26,993			14.4	%		101,076			14.0	%		82,423			12.8	%
Healthcare and Life Sciences		31,209			18.3	%		31,727			17.7	%		32,428			17.4	%		31,499			16.8	%		126,863			17.5	%		113,008			17.6	%
Manufacturing		7,973			4.7	%		7,844			4.4	%		8,082			4.3	%		8,324			4.4	%		32,223			4.5	%		24,886			3.9	%
Retail, Logistics & Telecom		14,856			8.7	%		15,359			8.6	%		17,424			9.3	%		18,301			9.7	%		65,940			9.1	%		54,867			8.5	%
Total Net Revenues		170,744						178,979						186,407						187,773						723,903						642,404
Gross Profit
Banking and Financial Services		41,121			43.8	%		42,132			42.7	%		47,645			46.4	%		47,431			46.2	%		178,329			44.8	%		144,014			39.2	%
Insurance		8,742			38.4	%		10,137			39.8	%		10,680			41.3	%		11,404			42.2	%		40,963			40.5	%		28,808			35.0	%
Healthcare and Life Sciences		13,299			42.6	%		13,396			42.2	%		16,370			50.5	%		15,606			49.5	%		58,671			46.2	%		45,398			40.2	%
Manufacturing		3,106			39.0	%		3,050			38.9	%		3,418			42.3	%		3,341			40.1	%		12,915			40.1	%		9,698			39.0	%
Retail, Logistics & Telecom		5,997			40.4	%		5,959			38.8	%		7,511			43.1	%		7,813			42.7	%		27,280			41.4	%		22,790			41.5	%
Segment Gross Profit		72,265			42.3	%		74,674			41.7	%		85,624			45.9	%		85,595			45.6	%		318,158			44.0	%		250,708			39.0	%
Corporate Direct Costs		(813	)		-0.5	%		(816	)		-0.5	%		(805	)		-0.4	%		(740	)		-0.4	%		(3,174	)		-0.4	%		(3,759	)		-0.6	%
Total Gross Profit		71,452			41.8	%		73,858			41.3	%		84,819			45.5	%		84,855			45.2	%		314,984			43.5	%		246,949			38.4	%
Selling, General and administrative expenses		26,946			15.8	%		18,931			10.6	%		29,036			15.6	%		28,131			15.0	%		103,044			14.2	%		108,721			16.9	%
Income from Operations		44,506			26.1	%		54,927			30.7	%		55,783			29.9	%		56,724			30.2	%		211,940			29.3	%		138,228			21.5	%

About Syntel

Syntel (Nasdaq:SYNT) is a leading global provider of integrated information technology and Knowledge Process Outsourcing (KPO) solutions spanning the entire lifecycle of business and information systems and processes. The Company is driven by its mission to create new opportunities for clients by harnessing the passion, talent and innovation of Syntel employees worldwide. Syntel leverages dedicated Centers of Excellence, a flexible Global Delivery Model, and a strong track record of building collaborative client partnerships to create sustainable business advantage for Global 2000 organizations. Syntel is assessed at SEI CMMi Level 5, and is ISO 27001 and ISO 9001:2008 certified. As of December 31, 2013, Syntel employed more than 23,000 people worldwide. To learn more, visit us at: www.syntelinc.com.

Safe Harbor Provision

This news release may include forward-looking statements. Forward-looking statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in forward-looking statements as a result of certain risk factors set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013 or from other factors not currently anticipated.

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Contacts:

North America/Europe: Jon Luebke, (248) 619-3503, jon_luebke@syntelinc.com

Asia/Pacific: Sikta Samantaray, +91 9167512186, sikta_samantaray@syntelinc.com