PRESENTATION ON SATYAM COMPUTERS

By: J.AMIT KUMAR

WHO ARE SATYAM?

Satyam Computers is a leading global business and information technology company. Satyam Computer Services Ltd was found in 1987 by B Ramalinga Raju. It have deep industry and functional expertise, leading technology practices, and an advanced, global delivery model to help clients transform their highestvalue business processes and improve their business performance.

Service Offerings
Product Development Supply Chain Management Manufacturing Sales and Marketing Support Functions Sales Service

SINCE Dec 2008 to Apr 2009

As the recession period going through a lean patch.They also turned down the offer that given to students. Since december 2008 some rumor was going that world bank have stop them doing further outsource business. Then the real threat was come on 7th January 2009. Chairman Raju resigned after publicly announcing his involvement in an accounting fraud. Ramalinga Raju is currently in a Hyderabad prison along with his brother and former board member Rama Raju, and the former CFO Vadlamani Srinivas.

SINCE Dec 2008 to Apr 2009

After Ministry of corporate affairs step in for trouble satyam they appointed new board members on January 11, 2009. The members are: Mr. Deepak S. Parekh, Chairman of HDFC Mr. Kiran Karnik, former President of NASSCOM, Mr. C. Achuthan, Director at the National Stock Exchange, former Member of SEBI, and former Chairman of Securities Appellate Tribunal. Satyam welcomes this key development, which will ensure the companys continued operations, help maintain customer confidence and associate morale, and restore investor trust.

Satyams leadership team has complete confidence in them, and pledges to work closely and in full cooperation with the new board.

Bidding Process
On 24th March 2009,Satyam submits letter to SEBI regarding bidding process On 25th March 2009,Satyam Wins Corporate University Xchange Awards New Satyam directors get immunity shield on 17 Apr 2009 .The Company Law Board on granted immunity shield to the directors to be appointed on the Satyam board by Tech Mahindra, giving them a cushion against any abrupt inquiry due to Satyam fraud, while approving Satyam board's recommendation to select M/s Venturbay (a subsidiary of Tech Mahindra) as the new owner of the company. CLB chairman S Balasubramanian also announced a series of privileges for the new owner to work on the turnaround of Satyam Tech Mahindra paid nearly 600 million dollars for a majority share of Satyam, which has been struggling since its founder confessed to falsifying its accounts in India's biggest ever accounting scandal. The takeover propels Tech Mahindra to the top-tier of India's software companies

Mahindra takeover Satyam

The successful bid by Tech Mahindra(1986) to acquire scam-tainted Satyam Computers has started a new trading strategy after beating its rival L&T(1938) & Cognizant(1994). At Tech Mahindra was trading 13.7% higher at Rs 364 while Satyam fared 7% higher at Rs 50.45. However the value was much lower than Tech Mahindras 52-week high of Rs 990 in May 2008. Tech Mahindra Takes On Troubled Company The Indian telecom outsourcer will acquire a 51% stake in Satyam. Satyam Could Lose Half Its Customers Under Tech Mahindra