It's just that simple. Yes-men managers re-cycled from job-to-job and a weak BOD consisting mostly of nobody's. Syntel is just smoke and mirrors and it finally caught up to them The party is over, and customers are bailing out for firms with some foresight, not that the vain, arrogant and clueless Bharat Desai and Prashant Ranade will admit it.
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There's nobody in charge a the top. Khanna gets laughed at behind his back everywhere he goes since everyone knows he's an empty suit only good for carrying BD's bag. That's why business is failing,,clients are leaving and morale is in the toilet. Worst run company on NASDAQ.
Why would anyone buy this dog? They own no valuable IP and are really just a body shop. Management is old-guard incestuous has-beens hoping to milk their failing stock options. Weak yes-men on the BOD. Previous sales model looked good on paper, but failed upon execution.
Last decades model & they were too self-absorbed and arrogant to see the changes required.
To add to this misery regional fanatic groups and cartel in respective place chennai (tameel)
Pune (maratee), mumbai (guj plus parsi) have stifled employee with talent.. and made it full dud copy cat workfore.
urgent clean of fanatics needed to prevent collapse, less 1% staff who can write code means a lot