Satym

• 1. Satyam Computer Services Ltd is a leading international business and information technology services company. They have expertise in the industry and functional arena. All the professionals in the company have expertise in enterprise solutions, supply chain management, client relationship management, business intelligence, and product lifecycle management.

2. Subsidiaries: Satyam BPO Limited Satyam Computer Services (Shanghai) Company Limited Satyam Computer Services (Nanjing) Company Limited Satyam Technologies, Inc. Knowledge Dynamics Pte. Ltd. Knowledge Dynamics Private Limited Knowledge Dynamics USA Inc. Citisoft Plc. Citisoft Inc. Satyam Computer Services (Egypt) S. A. E. Nitor Global Solutions Limited Satyam Servicos De Informatica LTDA Bridge Strategy Group LLC Satyam Computer Services De Mexico S.DE R.L.DE C.V Satyam Computer Services Belgium BVBA C&S System Technologies Private Limited S&V Management Consultants NV 3. Satyam was incorporated in 1987 as a private limited company providing software development and consultancy services. Raju and his brother Rama Raju were the promoters of the company. Before starting Satyam, they were involved in other businesses like construction and textiles... 4. Satyam Computers got its first Fortune 500 Client. In the same year in August, Satyam Computers was recognized as a Public Limited Company. Satyam went public in May 1992 and its issue was oversubscribed 17 times. In July 1993, Satyam entered into a joint venture with Dun & Bradstreet. Satyam was awarded ISO 9001 Certification in March 1995. In December 1995, Satyam Info way was incorporated. In May 1997, Satyam became the first Indian IT Company to get ITAA Certification for Y2K Solutions. In November 1998, Satyam became one of the first companies to enter Indian Internet service market with the launch of Satyam Info way's ISP Service. In the same year Satyam entered into a joint venture with GE. In 1999, Satyam Info way became the first Indian Internet company to be listed on NASDAQ. In February 2000 Satyam was declared one of '100 Most Pioneering Technology Companies' by World Economic Forum, Davos. In May 2000 Satyam became the first organization in the world to launch Customer-Oriented Global Organization training. 5. In March 2001 Satyam became first ISO 9001:2000 Company in the world as certified by BVQI. In May 2001 Satyam was listed on New York Stock Exchange. In 2003, Satyam announced business continuity center in Singapore, the first of its kind outside India. In 2004, Satyam opened new development center in Mississauga, Canada. In 2005 Satyam acquired 100% stake in Singapore based Knowledge Dynamics, a leading Data Warehousing and Business Intelligence solutions provider. 6. Chairman ramalinga raju has Resigned from the satyam board, and has written a letter giving the details of the accounts saying that the balance sheet has inflated cash & bank balance to the tune Rs 5040 crore. The balance sheet of the company was inflated and accrued interest of 376 crore rs in the books is non existent. Eleven months after B. Ramalinga Raju, the former chairman of Hyderabad-based Satyam Computer Services, confessed to masterminding a $1.2 billion fraud at India's fourth largest I.T. outsourcing company, the dirt is still tumbling out. On Nov. 24, the country's Central Bureau of Investigation (CBI) released findings that show the alleged fraudulent accounting and embezzlement was far larger than originally thought. Raju and nine accomplices skimmed some $2.5 billion from the company, according to CBI investigators, funneling the money into a collection of assets and property that could make even a profligate Bollywood star blush. 7. Satyam insiders forged board resolutions to secure $260 million in bank loans which were diverted for personal use, and over several years generated fake customer identities and account statements to inflate Satyam's revenues by millions of dollars, boosting the company's share price and making its books look far healthier than they were Investigators following the paper trail have discovered that embezzled funds were channeled into 1,065 properties valued at $74 million, including some 6,000 acres of land, 40,000 sq. yd. of housing plots, and 90,000 sq. ft. of other developed real estate. The properties, bought in the name of some 80 shell companies, included prime commercial plots in and around Hyderabad, Bangalore, Chennai and Nagpur. 8. on Nov. 24 filed charges in court, and trials are likely to begin soon. Raju's lawyer, S. Bharat Kumar, was not available for comment. A spokesman for Satyam, which was purchased by the software arm of Mumbai-based auto conglomerate Mahindra & Mahindra earlier this year, declined comment, saying we haven't seen the charge sheet as yet. e fraud unraveled last December when Satyam announced the $1.6 billion acquisition of two affiliated construction companies, Maytas Infra and Maytas Properties, run by Raju's two sons. Satyam's new owner, Tech Mahindra, will benefit as assets are identified and recovered. Tech Mahindra bought a 47.2% stake in the tainted company for $600 million in a government auction in April. If the fraud money reappears as assets in the name of the company, its good news for Tech Mahindra, which paid a huge sum for Satyam and its liabilities, says Suresh Talwar, partner at Mumbai-based law firm Talwar Thakore & Associates, Satyam's corporate counsel until 2006. It could be a bonanza for shareholders, too, in the form of dividends or bonus shares, he says. Judging by the scale of the fraud and India's lethargic judicial system, any windfall could still be a long way off. 9. Mahindra Satyam (BSE: 500376) is a Brand identity of Satyam Computer Services Limited. Satyam Computer Services Limited was founded in 1987 by B Ramalinga Raju. Mahindra Satyam is a part of the USD 7.1-billion Mahindra Group which is one of the top 10 industrial firms based in India. The company offers consulting and information technology (IT) services spanning various sectors, and is listed on the New York Stock Exchange, the National Stock Exchange (India) and Bombay Stock Exchange (India). In June 2009, the company unveiled its new brand identity Mahindra Satyam subsequent to its takeover by the Mahindra Groups IT arm, Tech Mahindra. Mahindra Satyam has offices in 35 countries. 10. Aerospace and Defence Banking, Financial Services & Insurance Energy and Utilities Life Sciences & Healthcare Manufacturing, Chemicals & Automotive Public Services & Education Retail Consumer Packaged Goods Travel, Transport, Logistics 11. Have a great Day ahead