CONSOLIDATION OF A VARIABLE INTEREST ENTITY	9 Months Ended
Sep. 30, 2014
CONSOLIDATION OF A VARIABLE INTEREST ENTITY	19. CONSOLIDATION OF A VARIABLE INTEREST ENTITY Syntel Delaware is a 100% subsidiary of Syntel, Inc. and a 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 Banking and Financial 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 Banking and Financial Services to these two clients represented approximately 12.7% and 13.6% of the Company’s total revenues for the three months ended September 30, 2014 and 2013, respectively and 13.0% and 14.2% for the nine months ended September 30, 2014 and 2013, respectively.

CONSOLIDATION OF A VARIABLE INTEREST ENTITY

9 Months Ended

Sep. 30, 2014

CONSOLIDATION OF A VARIABLE INTEREST ENTITY

19. CONSOLIDATION OF A VARIABLE INTEREST ENTITY

Syntel Delaware is a 100% subsidiary of Syntel, Inc. and a 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 Banking and Financial 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 Banking and Financial Services to these two clients represented approximately 12.7% and 13.6% of the Company’s total revenues for the three months ended September 30, 2014 and 2013, respectively and 13.0% and 14.2% for the nine months ended September 30, 2014 and 2013, respectively.