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Chennai: Nasdaq-listed Syntel Inc today said it
has completed registration of 27.52 acre plot of land at
Siruseri in Chennai’s IT corridor and announced $ 20 million
investment in India this year for its expansion plans.
IT services firm Syntel said it had invested about $ 14
million (Rs 61 crore) during 2004, which was made in its
facilities in Chennai, Mumbai and Pune.
"We continue to make significant investments in India. In
this quarter, we completed a brand new 500 seater facility in
Adayar (Chennai) and also made solid progress on our 40 acre
IT campus in Pune, where we will house 3000 consultants by
September 2005," said Keshav Murugesh, global chief operating
officer, Syntel, in a release here.
He said the company was ranked number 28 on the list of the
top 50 BPO providers by `The Block Book of Outsourcing, a
leading global publication.
For the first quarter ended March 31, 2005, the company’s
revenues was $ 50.7 million, with the gross margin at 41.4
per cent.
The global headcount crossed 4700 during the first quarter
ended March 31, 2005, it said.
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