Board of Directors

Digital Services
Corporate Governance

Bharat Desai, is a co-founder of Syntel and currently serves as Co-Chairman of the Board. Mr. Desai is the spouse of Ms. Sethi.

Mr. Desai was named Entrepreneur of the Year by The University of Michigan's Stephen M. Ross School of Business and was named IIT Alumnus of the Year award by the prestigious Indian Institute of Technology, Mumbai. He was also the recipient of the Michigan Entrepreneur Award from Harvard Business School and recognized as Entrepreneur of the Year by USA Today and NASDAQ.

Mr. Desai is a Board Member of several educational institutions, including the John F. Kennedy School of Government at Harvard University, the Stephen M. Ross School of Business at the University of Michigan.

Mr. Desai holds an MBA in Finance from the Stephen M. Ross School of Business at the University of Michigan and a Bachelor's of Technology in Electrical Engineering from the Indian Institute of Technology (IIT) in Mumbai, India.

Recent Stock Transactions by Bharat Desai
Date Type Shares Traded Price Range
Jun 7, 2017 Acquisition (Non Open Market) 5,114 n/a
May 31, 2013 Disposition (Non Open Market) 150,000 n/a
Mar 14, 2013 Disposition (Non Open Market) 400,000 n/a
Jun 14, 2012 Disposition (Non Open Market) 250,000 n/a
Dec 14, 2010 Sell 105,384 47.50
Nov 22, 2010 Sell 2,610,000 47.50

Prashant Ranade is Co-Chairman of Syntel's Board of Directors.  He previously served as Syntel's Vice Chairman  and prior to that was CEO and President of Syntel from February 2010 until April 2014. Prior to that, he founded Indus Ventures, LLC, a strategic directions consulting firm. Mr. Ranade served as the President and Chief Executive Officer of Siemens Group Logistics and Assembly Systems, NA (currently Dematic GmbH & Co. KG), a company that is principally involved in material handling logistics and automation, from May 2003 to November 2006. Mr. Ranade served on the board of directors at Dematic until July 2007. Mr. Ranade has served as a director of Syntel since June 2007.

Recent Stock Transactions by Prashant Ranade
Date Type Shares Traded Price Range
May 8, 2017 Acquisition (Non Open Market) 1,466 n/a
Apr 25, 2017 Buy 5,867 17.19
Nov 24, 2016 Acquisition (Non Open Market) 200,000 n/a
Sep 15, 2016 Sell 3,200 42.01
Aug 26, 2016 Sell 1,500 46.56
Aug 22, 2016 Sell 3,200 45.79
May 24, 2016 Sell 15,000 43.90
Apr 26, 2016 Sell 10,000 43.22
Oct 28, 2015 Sell 12,997 47.18
Oct 27, 2015 Sell 1,403 47.00
Oct 26, 2015 Sell 9,600 46.95
May 4, 2015 Sell 11,127 45.68
May 1, 2015 Sell 2,673 45.51 - 45.51
Apr 29, 2015 Sell 1,200 45.73
Apr 28, 2015 Sell 10,000 45.81
Aug 29, 2014 Sell 4,000 88.17
Aug 28, 2014 Sell 4,800 88.96
Aug 22, 2014 Sell 3,200 89.25
May 23, 2014 Sell 15,000 80.33
May 19, 2014 Sell 10,000 78.83
Apr 21, 2014 Acquisition (Non Open Market) 50,000 n/a
Oct 23, 2013 Sell 3,300 86.59
Sep 9, 2013 Sell 4,000 73.79
Aug 29, 2013 Acquisition (Non Open Market) 16,000 n/a
Aug 22, 2013 Sell 3,200 73.36
Aug 6, 2013 Sell 5,000 72.00
May 30, 2013 Sell 7,500 64.61
May 29, 2013 Sell 10,000 63.54
Mar 6, 2013 Sell 2,000 62.74
Feb 20, 2013 Sell 3,364 60.09
Nov 2, 2012 Sell 2,688 60.89
Oct 31, 2012 Sell 574 60.50
Oct 26, 2012 Sell 900 61.03
Oct 25, 2012 Sell 2,223 61.05
Oct 24, 2012 Sell 2,651 61.04
Sep 5, 2012 Sell 1,600 58.71
Aug 22, 2012 Acquisition (Non Open Market) 16,000 n/a
Jun 4, 2012 Sell 2,599 55.09
Jun 1, 2012 Sell 100 55.85
May 29, 2012 Sell 13,564 56.23
May 25, 2012 Sell 8,938 56.30
May 24, 2012 Sell 2,927 56.25
May 23, 2012 Sell 10,000 56.14
May 22, 2012 Sell 6,872 57.35
Aug 22, 2011 Acquisition (Non Open Market) 16,000 n/a
Dec 15, 2010 Sell 3,000 48.75
Aug 6, 2010 Sell 7,170 40.76
May 17, 2010 Acquisition (Non Open Market) 100,000 n/a
Jun 3, 2009 Acquisition (Non Open Market) 2,635 n/a
Jun 11, 2008 Acquisition (Non Open Market) 2,169 n/a
Elected 1997

Paritosh K. Choksi is Executive Vice President, Chief Operating Officer, Chief Financial Officer and a director of ATEL Capital Group, a financial services management company, and has served in those capacities since April 2001. Mr. Choksi has served as a director of Syntel since August 1997. Mr. Choksi has also been named the Lead Director of the Board of Directors and in that capacity chairs the Board of Directors in the absence of the Chairman of the Board and also chairs the executive sessions of the independent members of the Board of Directors.

Recent Stock Transactions by Paritosh Choksi
Date Type Shares Traded Price Range
Jun 7, 2017 Acquisition (Non Open Market) 5,114 n/a
Nov 21, 2016 Buy 20,000 19.50
Jun 8, 2016 Acquisition (Non Open Market) 1,819 n/a
Jun 2, 2015 Acquisition (Non Open Market) 1,768 n/a
Jun 3, 2014 Acquisition (Non Open Market) 1,071 n/a
Nov 25, 2013 Sell 850 86.93 - 86.94
Jun 4, 2013 Acquisition (Non Open Market) 1,257 n/a
Jun 6, 2012 Acquisition (Non Open Market) 1,457 n/a
Jun 8, 2011 Acquisition (Non Open Market) 1,541 n/a
Aug 4, 2010 Sell 5,000 42.50
Aug 3, 2010 Sell 13,500 42.60
Aug 3, 2010 Option Execute 13,500 11.24 - 13.55
Jul 27, 2010 Sell 2,635 42.77
Jul 27, 2010 Sell 5,000 43.00
Jun 4, 2010 Acquisition (Non Open Market) 2,302 n/a
Jun 3, 2009 Acquisition (Non Open Market) 2,635 n/a
Jun 11, 2008 Acquisition (Non Open Market) 2,169 n/a
Jan 3, 2008 Option Execute 1,500 14.54
Jun 15, 2007 Acquisition (Non Open Market) 2,366 n/a
Elected 2009

Thomas Doke served as the Executive Vice President and Chief Financial Officer of Dematic Corp., USA (formerly Siemens Logistics & Assembly Systems, Inc). From 1989 to 2004 he was Executive Vice President and Chief Financial Officer of Siemens Ltd., China. Mr. Doke has been a director of Syntel since August 2009.

Recent Stock Transactions by Thomas Doke
Date Type Shares Traded Price Range
Jun 7, 2017 Acquisition (Non Open Market) 5,114 n/a
Nov 21, 2016 Buy 3,000 19.44
Jun 8, 2016 Acquisition (Non Open Market) 1,819 n/a
Oct 26, 2015 Sell 2,142 47.19
Jun 2, 2015 Acquisition (Non Open Market) 1,768 n/a
Apr 28, 2015 Sell 1,000 46.33
Oct 30, 2014 Sell 257 85.49
Jul 21, 2014 Sell 1,000 88.03
Jun 3, 2014 Acquisition (Non Open Market) 1,071 n/a
Nov 7, 2013 Sell 2,957 85.67
Jun 4, 2013 Acquisition (Non Open Market) 1,257 n/a
Mar 8, 2013 Sell 5,527 63.30
Jun 6, 2012 Acquisition (Non Open Market) 1,457 n/a
Jun 8, 2011 Acquisition (Non Open Market) 1,541 n/a
Jun 10, 2010 Buy 5,000 33.96
Jun 10, 2010 Acquisition (Non Open Market) 5,000 n/a
Jun 4, 2010 Acquisition (Non Open Market) 2,302 n/a
Aug 1, 2009 Statement of Ownership 0 n/a
Aug 1, 2009 Acquisition (Non Open Market) 1,684 n/a
Elected 2010

Raj Mashruwala formerly served as Executive Vice President and Chief Operating Officer of TIBCO Software Inc., an enterprise software company headquartered in Palo Alto, California. His experience in the software industry includes sales, marketing, product engineering management as well as corporate leadership. Mr. Mashruwala was elected to Syntel's Board of Directors in June 2010.

Recent Stock Transactions by Rajesh Mashruwala
Date Type Shares Traded Price Range
Jun 7, 2017 Acquisition (Non Open Market) 5,114 n/a
Jun 8, 2016 Acquisition (Non Open Market) 1,819 n/a
Jun 2, 2015 Acquisition (Non Open Market) 1,768 n/a
Jun 3, 2014 Acquisition (Non Open Market) 1,071 n/a
Aug 20, 2013 Sell 6,500 72.00
Jun 4, 2013 Acquisition (Non Open Market) 1,257 n/a
Aug 27, 2012 Sell 3,300 60.50
Aug 24, 2012 Sell 500 58.95
Jun 6, 2012 Acquisition (Non Open Market) 1,457 n/a
Jun 8, 2011 Acquisition (Non Open Market) 1,541 n/a
Sep 15, 2010 Acquisition (Non Open Market) 2,500 n/a
Sep 15, 2010 Buy 2,500 44.60 - 44.70
Sep 15, 2010 Acquisition (Non Open Market) 2,500 n/a
Sep 14, 2010 Buy 1,000 44.70
Aug 16, 2010 Buy 445 39.14
Aug 13, 2010 Buy 1,055 39.25
Jun 4, 2010 Acquisition (Non Open Market) 2,302 n/a
Jun 3, 2010 Statement of Ownership 0 n/a
Elected 2014

Dr. Vinod K. Sahney is the University Distinguished Professor of Industrial Engineering and Operations Research at Northeastern University. In addition to his position at Northeastern, Dr. Sahney is an Adjunct Professor of Health Policy and Management at the Harvard University School of Public Health and previously served as Chief Strategy Officer of Blue Cross Blue Shield of Massachusetts and Henry Ford Health System.

Recent Stock Transactions by Dr. Vinod K. Sahney
Date Type Shares Traded Price Range
Jun 7, 2017 Acquisition (Non Open Market) 5,114 n/a
Nov 22, 2016 Buy 2,500 19.41
Jun 8, 2016 Acquisition (Non Open Market) 1,819 n/a
Jun 2, 2015 Acquisition (Non Open Market) 1,768 n/a
Jul 14, 2014 Acquisition (Non Open Market) 918 n/a
Jul 13, 2014 Statement of Ownership 0 n/a
Elected 2016

Rex Schlaybaugh Jr. served as Chairman and Chief Executive Officer of Dykema Gossett PLLC from 2002 through 2011, and was associated with the firm for 37 years overall.  Mr. Schlaybaugh is also a member of the Board of Directors and Chairman of the Audit Committee of John Hancock Life Insurance Company and a member of the Michigan Natural Resources Commission.

Recent Stock Transactions by Rex E. Schlaybaugh Jr.
Date Type Shares Traded Price Range
Jun 7, 2017 Acquisition (Non Open Market) 5,114 n/a
Apr 26, 2017 Buy 2,000 17.29
Dec 6, 2016 Buy 2,000 19.60
Oct 10, 2016 Statement of Ownership 0 n/a
Oct 10, 2016 Acquisition (Non Open Market) 2,114 n/a

Neerja Sethi, is a co-founder of Syntel and has served as a Vice President and a director since Syntel's formation in 1980. Ms. Sethi is the spouse of Mr. Desai.

Recent Stock Transactions by Neerja Sethi
Date Type Shares Traded Price Range
Jun 7, 2017 Acquisition (Non Open Market) 5,114 n/a
May 31, 2013 Disposition (Non Open Market) 150,000 n/a
Mar 14, 2013 Disposition (Non Open Market) 400,000 n/a
Jun 14, 2012 Disposition (Non Open Market) 250,000 n/a
Dec 14, 2010 Sell 105,384 47.50
Nov 22, 2010 Sell 2,610,000 47.50

Stock transaction information provided by EDGAR Online. Syntel, Inc. makes no representation or warranty with respect to any of the information contained herein, takes no responsibility for supplementing, updating or correcting any such information and shall have no liability with respect to any such information. This listing does not include derivatives, such as stock option grants or shares purchased through an employee stock purchase plan. For recent transactions, including derivative transactions, see our Section 16 SEC filings page.