Syntel:  More switch to JP Morgan
By Bala Shah

Over the last ten months, Techgoss had published a series of exclusive reports giving details of all that was happening inside the BPO, KPO and IT divisions of one of India’s most successful IT-ITES companies Syntel.  One report showed how that in the recent past Syntel BPO was overly reliant on couple of key clients. Also, reported were the exits of the CEO and key HR people.

In June, 2010, Techgoss had exclusively reported that the highly regarded General Manager, State Street Syntel Services, Lilly Prasad, has put in her papers.  Lilly was with Syntel for about 6 years.  Before joining Syntel, University of Madras educated Lilly Prasad was AVP at UTI AMC Pvt. Ltd.  A number of people had emailed in saying how much they enjoyed working with Lilly. Lilly, who had been part of the Syntel KPO since its inception, had won a Syntel Star Award (shared) in 2007-2008.

On Aug 7, 2010, a Techgoss Tipster had sent us an intelligent analysis on how Syntel KPO and JP Morgan Chase have a strong bond in terms of movement of staff from one company to another. (Republished below)

On September 30, a regular Techgoss Tipster sent us even more details of Syntel staff switching over to JP Morgan.  Ex GM, State Street Syntel Services, Lilly Prasad, has now joined JP Morgan. 

Another Syntel veteran and State Street Syntel Services Manager, Riyaz Baugwala, has put in his papers and is also joining JP Morgan, Bangalore. Riyaz is an MBA from the Institute of Technology and Management and was an Accounts Executive with Trafalgal House Construction India till 2003 when he joined Syntel.

Last but not the least, newly promoted Syntel Manager Sathya Guruprasanna has also quit with Oct 1, 2010 being his last day.  He is also joining JP Morgan.

(Tipsters, Big thank you for all your tips and photos. Do you have a story to tell? If you need to speak to us in confidence or write for us, email us at techgoss[at]hotmail.com. Or use the Anonymous Tip form at the top of our website. Anonymity guaranteed. We pay Rs. 700 – Rs. 1000 for 100 – 200 word snippets. Unfortunately, we cannot use any tips which are not backed up by enough facts)

(Techgoss had published the following on Aug 7, 2010)

Syntel and JP Morgan: manager links
By Bala Shah

Over the last ten months, Techgoss had published a series of exclusive reports giving details of all that was happening inside the BPO, KPO and IT divisions of one of India’s most successful IT-ITES companies Syntel.  One report showed how that in the recent past Syntel BPO was overly reliant on couple of key clients. Also, reported were the exits of the CEO and key HR people.

Regular readers of Techgoss are well aware that a large number of our articles are crowd sourced.  People send in tips, story ideas and even articles. Many of our contributors have full times jobs in IT-ITES, and so prefer using a pseudonym.  Sadly, some tips sent to Techgoss cannot be used because they do not have enough facts, details or documentation.

On Aug 7, a Tipster sent in a very intelligent analysis on how Syntel KP0 and JP Morgan Chase have a strong bond in terms of movement of staff from one company to another.  This insightful Tipster wrote to Techgoss

“
Syntel KPO is proving to be supplier of many experienced personnel to JP Morgan Chase (JPM). Over the past 1 year, JP Morgan has quietly lapped up seasoned Syntel KPO staff.  Syntel KPO has also gained from JP Morgan.

For one, VS Raj who joined as CEO of the Syntel State Street JV used to be Site Manager and VP Operations at JP Morgan Chase.

Syntel, in turn, has lost Rajeev Mane who moved over from Head Operations (Syntel KPO International Business) to Vice President, Global Fund Services, at JP Morgan Chase

The most recent movement from Syntel to JP Morgan (via GlobeOp Financial Services) is Subhabrata Basu who is currently a Vice President at JPM.  He used to be a Senior Manager at State Street Syntel Services.
“

According to our cluey Tipster ‘Syntel has also lost Najeeb Khan and Hiten Doshi. Syntel, on its part, has also attracted people from JPM, but given the breadth of management bandwidth JPM has, the effect of the moves from Syntel to JPM is more acutely felt.”

There is also a rumour that General Manager, State Street Syntel Services, Lilly Prasad, might also be joining JPM in Bangalore, but this is not substantiated yet.  Techogss had exclusively reported the resignation of Lilly Prasad from Syntel.