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Syntel's investment plans

CHENNAI: Syntel, a global information technology services firm, is setting up about one lakh sq. ft. of space in Mumbai to accommodate an additional 1,000 people in both IT and BPO. According to a release, all these seats will be ready between April and May. The company is also establishing a 45,000 sq. ft office to accommodate an additional 500 people in Chennai. It has taken new facilities for 500 seats in Pune. The company has reported a total income of $63.5 million in the first quarter ended March 31, 2006 against $50.7 million in the prior period, a growth of 25 per cent.

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