On 24th June company was incorporated as a Private Limited Co. large corporations. The company was promoted by B Rama Raju and B Ramalinga Raju. The company has set up two softwar Technology Parks, one at Mayfair Centre, Secunderabad and other at Qutuballapur of Ranga Reddy Dist. of A.P. The company also developed a software Development center in Bangalore. The company is a 100% EOU under the STP scheme of the Dpt. Of Electronics Government of India and exports software to USA, Canada, Sweden and Germany etc.

- On 26th August it was converted into a Public Limited Company.

- The Company went in for a Public Issue of Equity shares.

- During the year Two offices were set up, one in USA and other in Japan. And the company has added new business partners in Australia, Canada, Japan and Europe.

- Satyam Computer Launches operations in China.


enters into strategic partnership with ECG. -Satyam ranked 3rd in Corporate Governance Survey by Global Institutional Investors

-Satyam receives AS9100 / EN9100 certification for its aerospace domain.

- Satyam Computer Services Ltd has on March 15, 2007 has announced that it has implemented an organization-wide, virtual learning environment called Satyam Learning World.

- Tech Mahindra has announced the name change of scam hit Satyam

Computers as µ Mahindra Satyam ¶. This rebranding exercise symbolises an amalgamation of the values of Mahindra Group with Satyam's fabled expertise, even as it retains that part of Satyam's identity which signifies commitment, purpose and proficiency of the organisation and its people, according to Anand Mahindra, vice-chairman and managing director of the Mahindra Group.

-Feb 11, 2010, Mahindra Satyam, announced that it has entered into a partnership with the Integr8 Group, Africa¶s largest privately owned ICT service and solutions provider

Biggest Scandal in Indian Outsourcing History
Maytas acquisition
‡ In 2008, Satyam attempted to acquire (Maytas Infrastructure and Maytas Properties) founded by family relations of company founderRamalinga Raju for $1.6 billion, despite concerns raised by independent board directors. Both companies are owned by Raju's sons. This eventually led to a review of the deal by the government ,a veiled criticism by the vice president of India and Satyam's clients re-evaluating their relationship with the company. Satyam's investors lost about INR 3,400 crore in the related panic selling. The USD $1.6 billion (INR 8,000 crore) acquisition was met with skepticism as Satyam's shares fell 55% on the New York Stock Exchange.Three members of the board of directors resigned on 29 December 2008. Accounting scandal of 2009 Satyam accounting scandal ‡ In addition to other controversies involving Satyam, on January 7, 2009, Chairman Raju resigned after publicly announcing his involvement in a massive 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.

Text of the letter written to the Satyam Board by Satyam¶s Chairman B Rambling Raja's who resigned from the company after admitting to the scandal at Satyam.
To the Board of Directors,
Satyam Computer Services Ltd. Dear Board Members, It is with deep regret, at tremendous burden that I am carrying on my

conscience, that I would like to bring the following facts to your notice: 1. The Balance Sheet carries as of September 30, 2008 - Inflated (non-existent) cash and bank balances of Rs.5,040 core (as against Rs. 5361 core reflected in the books) - An accrued interest of Rs. 376 core which is non-existent - An understated liability of Rs. 1,230 core on account of funds arranged by me - An over stated debtors position of Rs. 490 core (as against Rs. 2651 [cr.] reflected in the books)

Board of Directors-Eminent persons
C P Gurnani was appointed CEO of Mahindra Satyam ² the new brand identity of Satyam Computer Services While Sanjay Karla was made CEO of Tech Mahindra. Besides, S Durga Shankar was appointed as the Chief Financial Officer (CFO) of Mahindra Satyam Vineet Nayyar takes over as Executive Vice-Chairman for Tech Mahindra and Mahindra Satyam. Anand Mahindra, Chairman, Tech Mahindra Limited said: ³These executive appointments will help the respective companies leverage their immense global experience across different verticals, in their quest to take an unassailable lead.´

The new Mahindra Satyam: open for business
Mahindra Satyam recently staged it first analyst conference as a new entity, to announce to industry that its new structure was complete, and was a serious IT/BPO services competitor. ‡ Resurrecting itself from the biggest scandal in Indian outsourcing history, a renamed Mahindra Satyam has quietly been going about its business to rebuild trust and confidence in the firm. ‡ In the last year, it expanded business with the base of Satyam customers that remained with the company, despite the scandal, with 54 new customer contracts, although several of these are relatively small-scale engagements. It has also formed a new senior management team by injecting some Tech Mahindra leadership, in addition to hiring liberally from its competitors. This new blood joins the existing Satyam leadership that weathered the storm to form an energized and dynamic leadership team. ***15000 employees were removed and in their places new employees were employed ‡

Fundamental areas core to Mahindra Satyam¶s strategy

Services Offered 
Mahindra Satyam provides services in the following areas: 1. Telecom, Infrastructure, Media and Entertainment & Semiconductor 2. Travel Aerospace and Defense 3. Banking, Financial Services & Insurance 4. Energy and Utilities 5. Life Sciences & Healthcare 6. Manufacturing, Chemicals & Automotive 7. Public Services & Education 8. Retail and Consumer Packaged


BPO-Business Process Outsourcing
    ‡ ‡

Mahindra Satyam BPO helps you:
Focus more on your core competencies Cut costs drastically Improve efficiency levels Reduce time-to-market improve profitability Mahindra Satyam BPO¶s integrated outsourcing services have transformed customers into agile business powerhouses with enhanced profitability, performance and return on assets. Leveraging best practices gleaned from over two decades of Mahindra Satyam¶s experience, Mahindra Satyam BPO offers an array of innovative service offerings that deliver measurable business value to customers. This not only helped us differentiate ourselves from other outsourcing vendors, but also made us the µpartner of choice¶ for globally-leading companies, for their outsourcing needs. Head ± Human Resources :John Chacko CEO-Vijay Rangineni Chairman cum Managing Director : C. P. Gurnani



Platform Business Process Outsourcing
‡ Platform BPO is a way for the service provider to host the technology infrastructure and/or application development and maintenance and combine that with processing back office support offering end-to-end services covering all the functions in a process. ‡ Our Platform BPO expertise includes integrating over 140 applications on various technologies supporting close to 10,000 co-current users with 99.9% uptime. A single sign-on transactional, operational and decision support system offers support across the Associate lifecycle including procurement, finance and high-end executive support services. Service Offerings: ‡ ‡ Recruitment and on-boarding ‡ ‡ Learning ‡ ‡ Compensation and benefits ‡ ‡ Organization development ‡ ‡ Immigration ‡ ‡ Performance management ‡ ‡ Employee data management ‡ Mahindra Satyam BPO announces Partnership with Direct Channel Holdings (Pty) Ltd.

Training and Development
The in-house learning and development function at Mahindra Satyam BPO strives to meet the highest training standards for our workforce and is organized into three branches: ‡ Communication Skills Training
1. 2. 3. 4. 5. 6. ‡ ‡  -New Hire Training Voice and accent neutralization Communication skills Culture sensitization Client service skills and attitude Telephone etiquette Language enhancement -Refresher Training Product & Process Training Behavioral & Professional Skills and Leadership Training Mahindra Satyam BPO is the first Indian BPO to win the Golden Peacock National Training Award 2007, awarded by Institute of Directors (IOD).

Knowledge Process Outsourcing (KPO) is a service horizontal focused towards providing Research and Analytics services to global customers across industries. The objective of our KPO service offerings is to provide insights that can help companies make well-informed decisions based on highly customized analytical models and accurate data. 

Financial Research
‡ Consumer Behavior ‡ Spend Analytics ‡ Equity Research ‡ Fixed Income Research ‡ Business Plan ‡ Performa Analysis ‡ Valuation Models ‡ Portfolio Analysis ‡ General Ledger Accounting 

Business Analytics
‡ Data Cleansing and Modeling ‡ Risk Analysis ‡ Credit Score Rating ‡ Collection and Recovery Analysis ‡ Fraud Analytics ‡ Brand Switching ‡ Consumer Loyalty ‡ C-Sat Studies

Human Resoure Outsourcing.

‡ Complying with Legal requirements
1)Compliance with Laws, Rules and Regulations The policy of Mahindra Satyam is to comply strictly with all laws governing its operations, and to conduct its affairs in keeping with the highest level of moral, legal and ethical standards 2) Competition and Fair Dealing . 3) Legal, Honest and Ethical Conduct.


‡ Acting with Integrity

1) Health, Safety and Environment . 2) Conflict of Interests. 3) Disclosure of Interest by Director . 4) In case, of any doubts, questions or concerns in regard to any act, transaction or situation, the Directors or Associates must consult the Mahindra Satyamµs CORPORATE OMBUDSMAN. 5) No Bribery / Inducements / Gift and Hospitality . 6) Non Alliance with Political Parties. 7)Suspected Fraudulent behavior . 8) Truthful Communication . 9) Confidentiality of information

Rashmi Jain Priyanka Kothari Bhagyasree katariya Lavanya D.Soundarya N.D.Rani

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