Syntel India

Syntel India, which handles both IT services and back-office processing, gets more than 50% of the company revenues from fixed-price contracts. The company is driving domain expertise in three distinct verticals-financial services, healthcare, and insurance- for which it is establishing innovation labs where constant market feedback will influence development of specific business solutions. Syntel signed 16 new “hunting licenses” or preferred partnership agreements with Global 2000 corporations and finished 2003 with 56 of these strategic relationships in place.