PRESENTATION ON

SATYAM

PRESENTED BY:
Dolly Narula
Hitesh Baluja
Jaswinder Singh
 Introduction
• Satyam Computer Services Ltd. was founded in
1987 by Ramalinga Raju.

• The company offers information technology (IT)

services spanning various sectors, and is listed on
the New York Stock Exchange and Euronext

• In news because of the accounting scandal by its

CEO Ramalinga Raju.
Satyam’s Global Network

Satyam's network covers 67 countries across six

continents. The company employs 53,000 IT
professionals.
Corporate governance issues

• Maytas acquisition
• World Bank
• Upaid Lawsuit
 SERVICES
Provides a wide range of services
• Application Services
• BI & PM
• Consulting and Enterprise Solutions
• Oracle Enterprise Applications
• SAP Solutions    
• Supply Chain Management
• Satyam BPO
 Milestones
Its one of the youngest IT service companies to reach US $1 billion
in annual revenues.

 1987: Incorporated as private limited Company

 1991: Debuts on Bombay stock Exchange
 1993: Signs Joint venture with Dun & Bradstreet,
Awarded as ISO 9001 certification
 1999: SIFY becomes the first Indian Internet company listed on NASDAQ
Presence establish in 30 Countries.
 2000: Associate Count reaches 10,000
 2001: Listed on the NYSE
 2002: Satyam BPO launched in Hyderabad
 2005: Largest global development center outside India begins
Operation
 2007: Becomes the officially IT service Provider for the FIFA World Cups, 2010 And 2014
Announces acquisition of UK based Nitor Global Solutions Limited
 2008: Revenue Crosses US $ 2-billion mark
Becomes the first company to be invited by the NSE to ring the opening bell
Accounting scandal of 2009
On 7 January 2009, company Chairman
Ramalinga Raju resigned after notifying
its board members and SEBI that he had
falsified Satyam's accounts

Raju confessed that Satyam's balance sheet

as of the September 30, 2008, carried
inflated figures for cash and bank balances
of INR 5,040 crore (as against INR 5,361
crore reflected in the books). It carried an
accrued interest of INR 376 crore which
was non-existent. An understated liability of
INR 1,230 crore on account of funds was
arranged by himself. An overstated debtors'
position of INR 490 crore (as against INR
2,651 crore in the books).
New Board of directors

• Deepak S. Parekh
• Kiran Karnik
• C Achuthan
• Tarun Das
• T.N. Manoharan
 CURRENT EVENT
• The Board announced that they have narrowed the shortlist
for the CEO and CFO positions to the final three, and woul
finalize their decision, in the ensuing week

• The Board also met and interacted with a number of

Investment Bankers and will take a decision in the next few
days. 

• Customer attrition is being closely monitored at the Board

level
Future seen by Ram Mynampati

• Able to quickly put the issues behind us

and ensure continuity of our operations
and our services delivered to our
customers.
• Do everything that we can as an
organization to ensure that the
stakeholders
• Restore confidence of the customers,
employees, suppliers and investors by
ensuring business continuity.
Thank You