Escolar Documentos
Profissional Documentos
Cultura Documentos
Presented By
Dhananjay kumar
Jaipuria institute of
management, Noida
Satyam
Introduction
• Satyam a leading global business and information
technology company, delivering consulting, systems
integration, and outsourcing solutions to clients in over
20 industries.
• Satyam Computer Services Ltd was founded in 1987 by
B.Ramalinga Raju.
• The company offers information technology (IT) services
spanning various sectors, and is listed on the New York
Stock Exchange and Euronext.
• Satyam's network covers 67 countries across six
continents.
Contd.
• The company employs 40,000 IT professionals across
development centers in India, the United States, the United
Kingdom, the United Arab Emirates, Canada, Hungary,
Singapore, Malaysia, China, Japan, Egypt and Australia.
• It serves over 654 global companies, 185 of which are
Fortune 500 corporations.
• Satyam has strategic technology and marketing alliances
with over 50 companies.
• Apart from Hyderabad, it has development centers in India
at Bangalore, Chennai, Pune, Mumbai, Nagpur, Delhi,
Kolkata, Bhubaneswar, and Visakhapatnam.
• Just three months ago, India's fourth-largest software
services exporter, Satyam Computer Services received a
Golden Peacock Global Award from a group of Indian
directors for excellence in corporate governance.
• We now know that DSP Merrill terminated its engagement with the
company soon after it found financial irregularities.
• However, despite the fact that DSP Merrill Lynch blew the whistle, it
is not yet clear why it took such a long time to inform the authorities,
and why it did not let the public know of Satyam's misdeeds.
• Yet in the whole shady affair, DSP Merrill comes out the best party
as it was finally because of its move that Raju was forced to quit.
Police stand guard outside the
Chanchalguda prison, where Satyam
ex-chairman Ramalinga Raju is being
held.
• The government, on its part, was perhaps too busy
projecting the stellar show of the Indian IT sector and
did not find it necessary to launch an enquiry into
these 'complaints,' so to speak.
• Thus by way of negligence the government too is
equally guilty in not having managed to save the
shareholders, the employees and some clients of the
company from losing heavily.
Pooja, havan to help Raju get bail!
• Some ardent followers of B Ramalinga Raju and
some employees of Maytas are invoking the
Almighty to come to the aid of the beleaguered IT
strongman.
• These fans conducted a prayer and havan service
to help the disgraced former chairman of Satyam
Computer Services obtain bail.
• The prayers are being held so that Raju comes out
of this entire episode unscathed.
Satyam's new board meets, may elect chairman