Mahindra Satyam.

Type Public (BSE: 500376, NYSE: SAY (ADR))

Founded 1987

Headquarters Hyderabad, India

Key people

Vineet Nayyar, Vice Chairman, Mahindra

Satyam Board

C.P. Gurnani, CEO, Mahindra Satyam

Industry Information Technology

Website www.Mahindrasatyam.net

Mahindra Satyam (formerly known as Satyam Computer Services Ltd) was founded in 1987 by B Ramalinga Raju. 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 Group’s IT arm, Tech Mahindra.

Contents

[hide] 1 Overview 2 Timeline

3 Industry Presence

4 Competencies

5 Controversies

o 5.1 Maytas acquisition

o 5.2 World Bank

o 5.3 Upaid lawsuit

o 5.4 Accounting scandal of 2009

6 External links

7 References

[edit] Overview

Satyam Computer Services Ltd was founded in 1987 by B.Ramalinga Raju [1] . The company offers consulting and information technology (IT) services spanning various sectors, including engineering and product development, supply chain management, client relationship management, business process management and business intelligence. The company listed on the New York Stock Exchange, National Stock Exchange (India) and Bombay Stock Exchange (India). In June 2009, the company unveiled its new brand identity “Mahindra Satyam”.

Mahindra Satyam's presence spans over 60 countries across six continents. Mahindra Satyam development and delivery centres are located in the US, Canada, Brazil, the UK, Hungary, Egypt, UAE, India, China, Malaysia, Singapore, and Australia serve numerous clients, including many Fortune 500 organizations. Apart from Hyderabad, it has development centers in India at Bangalore, Chennai, Pune, Mumbai, Delhi, Kolkata, Bhubaneswar, and Visakhapatnam.

Satyam plunged into a crisis in January 2009 after its founder, B Ramalinga Raju, stated that the company's profits had been overstated. Satyam had engaged PricewaterhouseCoopers as its auditors over past 10 years. The company's accounts are currently being restated.

In March 2009 the company announced it would begin soliciting bids from potential buyers.[2]In April 2009, Venturebay Consultants Private Limited, a subsidiary controlled by Tech Mahindra emerged as the highest bidder to acquire a controlling stake in Satyam. A US-based investment firm owned by billionaire Wilbur Ross and an Indian construction and IT services firm, Larsen and Toubro were the other bidders.

On June 21, 2009, Satyam unveiled its new corporate identity – “Mahindra Satyam”. On June 23, Vineet Nayyar was appointed as Executive Vice Chairman on Mahindra Satyam’s Board of Directors, C.P. Gurnani was appointed as the Chief Executive Officer (CEO) of Mahindra Satyam, and S Durgashankar was appointed as the Chief Financial Officer (CFO). As part of the internal reorganization, A.S Murthy was appointed as the Chief Technology Officer (CTO), while Hari Thalapalli was appointed as the Chief Marketing Officer (CMO) & Chief People Officer (CPO). Rakesh Soni was appointed as the Chief Operating Officer (COO).

[edit] Timeline

1987

- Incorporated as a Private Limited Company

1988-1992

- IPO

1993-1996

- Satyam Technology Center established

1997-2000

- Presence in 30+ Countries

2001-2004

- Founded Satyam BPO

2005-2008

- Acquisition of Bridge Strategy,Citisoft, Knowledge Dynamics, Nitor Solutions, S&V Management Consultants

- 30+ Global Solution centers

2009

- 07 Jan - Erstwhile chairman declared that the company’s profits had been overstated for several years

- 13 April - Tech Mahindra acquired majority stake in Satyam

- 21 June - New brand, “Mahindra Satyam” launched

[edit] Industry Presence

Mahindra Satyam provides services in the following areas:

Aerospace and Defense Banking, Financial Services &Insurance

Energy and Utilities

Life Sciences & Healthcare

Manufacturing, Chemicals & Automotive

Public Services & Education

Retail and Consumer Packaged

Telecom, Infrastructure, Media and Entertainment & Semiconductor

Travel and Logistics & Industrial Equipment

[edit] Competencies

Mahindra Satyam offers the following ‘horizontal’ services.

Extended Enterprise Solutions Web Commerce Solutions

Business Intelligence Services

Quality Consulting

Strategic Outsourcing Services

Industry Native Solutions

BPO

Engineering Services

[edit] Controversies

[edit] Maytas acquisition

In 2008, Satyam attempted to acquire (Maytas Infrastructure and Maytas Properties) founded by family relations of company founder Ramalinga Raju for $1.6 billion, despite concerns raised by independent board directors.[3] Both companies are owned by Raju's sons. This eventually led to a review of the deal by the government[4], a veiled criticism by the vice president of India[5] and Satyam's clients re-evaluating their relationship with the company[6]. 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.[7] Three members of the board of directors resigned on 29th December 2008.[8]

[edit] World Bank

The World Bank had banned Satyam from doing business with it for 8 years due to inappropriate payments to the World Bank's staff.[9] The World Bank accused Satyam of giving improper benefits to its (the Bank's) staff and of failing to maintain documentation to support fees charged for its subcontractors. However, it clarified that Satyam was not involved in incidences of data theft or malicious attacks that had been made on the Bank's information systems. [10]

[edit] Upaid lawsuit

UK mobile payments company Upaid Systems is suing Satyam for over 1 billion US dollars on complaints of fraud, forgery and breach of contract.[11]. The matter is still sub-judice and the company has stated that it will defend in accordance with U.S procedures[12].

[edit] Accounting scandal of 2009

Main article: Satyam accounting scandal

In addition to other controversies involving Satyam, on January 7, 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.

Awards and Achievements

Since inception, we have been honored with numerous prestigious awards. These reflect our unwavering focus on quality and commitment to make a difference. Listed below are some of the awards we have earned:

Award Awarded by

2009

Hyderabad Organizational unit assessed at a maturity level 5 on the SEI CMMI ver 1.2 in Jan 2009

KPMG

“Excellence In Practice” recognitions for learning American Society for Training & Development (ASTD)

Declared as Voice-Ready partner for Microsoft Unified Communications

Microsoft

Moves up to be among the Top 10 in Training Top 125 list Training magazine

Awards for excellence in Leadership Development, Marketing & Communications of Brand Value of Learning, and Strategic Alignment of Learning to Business Strategies

Corporate University Xchange (CorpU)

Progressive Manufacturing 100 Award for Rain CII Carbon Managing Automation Media

2008

BS25999 Certification for all India Operations. Satyam Computer Services Ltd. is the third company to achieve this certification.

BSI Management Systems

Asian MAKE (Most Admired Knowledge Enterprise) Award Teleos, in association with KNOW Network

UK Trade & Investment India (UKTI) Business Award for corporate social responsibility

UKTI

SAP Pinnacle Award 2008 under “Service – Ecosystem Expansion (Growth)” category

SAP

Best IR Website in the Asia Pacific & Africa region for providing complete, accurate and timely investor relations information

MZ Consult

Award for Best IT Practices in IT Sector Amity Business School, Noida, India

2007

Partner Innovation Award for Anti-Money Laundering (AML) solution    

Pegasystems

Competitive Strategy Leadership Award for Offshore Testing Market

Frost & Sullivan

Asian MAKE (Most Admired Knowledge Enterprise) Award Teleos, in association with KNOW Network

Indian MAKE (Most Admired Knowledge Enterprise) Award Teleos, in association with KNOW Network

Award for "Strengthening Customer Relationships" ITSMA (IT Services Marketing Association)

Winner of the First “Partner Innovation” Award Software AG/webMethods

Ranked # 1 in the ASTD BEST Award American Society for Training and Development (ASTD)

First Asian company to rank in Training Magazine's Top 125 companies for learning

Training Magazine

Citizenship Partner of the Year Award, 2007 Microsoft

Vision, Impact, Progress (VIP) Award, 2007 Computer Associates

Second-Best Employer in India Hewitt India

The only IT Services company from India in the list of the TOP 20 Best Employers in Asia

Hewitt Asia

BML Munjal Award for Excellence in Learning and Development

Hero Mindmine Institute (part of the Hero group of industries)

2006-07

TDWD Best Practices Award TDWI (The Data Warehousing Institute) of North America

Top Asian Knowledge Organization Most Admired Knowledge Enterprise (MAKE)

Third-Best Company to Work for in India BT-Mercer-TNS

Award for most innovative recruitment practices RASBIC (Recruiting & Staffing Best in Class)

Ranked in the ASTD Fourth BEST awards American Society for Training & Development (ASTD)

Recognition Of Commitment (ROC) Award The Institute of Internal Auditors, USA (IIA)

2005-06

Winner, Corporate Citizen I award for Corporate Social Responsibility

Business World , FICCI, and SEDF

CMMI Level 5 Company-wide SEI, CMU authorized Lead Assessor

ISO 27001 Global Certification BVQI , UK

Forbes Top Asian Companies under US$1 billion Forbes Magazine

Top 13 Best-Managed Companies in India Business Today and AT Kearney

AS 9100/EN 9100 (Aerospace Standards Certification) BVQI , UK

People CMM Level 5 Assessment, Pune facility TUV Rhineland

2003-04

Ranked Among Top 10 Best Companies to Work for in India Business Today —Mercer—TNS Survey

Ranked Among India’s Top 10 Best Employers, 2004 and 2003 CNBC-Hewitt Best Employers Survey

Best Risk Management and Solution Delivery Gartner

Organization that Creates Fun and Joy at Work HT Power Jobs Awards

2001-02

National Award for Bright Ideas for Idea Junction™ Indian National Suggestion Schemes’ Association

IT Offshore Service Delivery Program named “Industry Best Practice”

Aberdeen Group

Security Standards Certification BS 7799 International Information Security and Management Standards

Best Global Data Warehousing Solution TDWI

First IT Company in the World Certified under ISO9001:2000 Bureau Veritas Quality International

Pre-2001

SEI CMM® Level 5 Certification SEI, CMU authorized Lead Assessor

“100 Leading Pioneering Technology Companies” World Economic Forum

Mahindra Satyam BPO, the Specialty BPO

Mahindra Satyam BPO focuses on high-end services at the core of the customer organization. Our philosophy of delving deep into the customer’s business and suggesting consistent process improvements has helped us create strong relationships. Today, Mahindra Satyam BPO leads in the specialty space, offering services in manufacturing support, geospace, visualization, telecom and artwork and pack management to Fortune 500 companies.

We have time and again anticipated and exceeded customer expectations, and our testimonials speak volumes about it. Powered by a combination of domain expertise, operational excellence, process skills and superior technology, Mahindra Satyam BPO is one of India’s leading integrated end-to-end outsourcing service providers, besides being the world’s first company to be certified at eSCM (e-sourcing capability model) level 5.

Ranked No.2 BPO globally in Brown-Wilson Group’s 2008 Black Book of Outsourcing, we have built a robust organizational framework that assures our stakeholders – Associates, Investors, Customers and Society – of the highest quality standards at different stages of the relationship. If there is one aspect that differentiates us in the market place, it is our commitment to striving harder and adding value to our customer’s business.

Engage with us. Experience outsourcing at its very best.

Society

Creating value for society is an integral part of our business. We believe that contributing to the well-being and development of society is an extension of everything we do.

Reaffirming our role as a contributing member of social and economic environment, we align our business operations with social values. As a responsible corporate citizen, we leverage the power of IT to bridge the “digital divide” that limits opportunities for success and prosperity. As a result, we transform the lives of the underprivileged.

Investing in the SocietySatyam renders specific services through various development projects delivered by its Corporate Social Responsibility (CSR) arm, Satyam

Foundation. Satyam Foundation is committed to transforming the lives of the underprivileged in urban areas.

Satyam Foundation (an ISO 9001:2000 Certified CSR) is a support framework aiding the vulnerable and underprivileged sections in urban areas. Its various initiatives are aimed at transforming the quality of life, deploying technology and harnessing volunteerism. As Satyam Foundation believes in engaging with the problem rather than cheque-book charity, all core competencies of Satyam–Technology, Innovation and Leadership–are used as change agents, enabling transformation for the urban deprived wherever required. Volunteering, creating enabling platforms, creating alliances, partnerships are our other strengths to focus and create maximum impact for Social transformation.

The Foundation has eight Chapters in India located at Hyderabad, Pune, Bengaluru, Bhubaneshwar, Chennai, Mumbai, Vishakapatnam and Gurgaon. Efforts are on to open chapters shortly in the UK, Australia, Malaysia, South Africa and US.

Satyam Foundation focuses all its activities in the eight core areas of – Education, Livelihoods, Health, HIV/AIDs, Vulnerable Groups - Street Children, Beggars Rehabilitation, Empowering Persons with Disability,  Environment (corporate and community interventions) .

Board Members

Vineet Nayyar

C. Achuthan

T. N. Manoharan

C. P. Gurnani

Sanjay Kalra

Ulhas N. Yargop

 

Vineet Nayyar

Vineet Nayyar, 70, is the Executive Vice Chairman of Tech Mahindra Limited.

Nayyar has led several organizations across various industries. In a career spanning over 40 years, Nayyar has worked with the Government of India, international multilateral agencies and in the corporate sector (both public and private). Nayyar started his career with the Indian Administrative Service and held a series of senior positions, including that of a District Magistrate, Secretary - Agriculture & Rural Development for the Government of Haryana and Director, Department of Economic Affairs, Government of India. He also worked with the World Bank for over 10 years in a series of senior assignments, including successive terms as the Chief for the Energy, Infrastructure and the Finance Divisions for East Asia and Pacific.

Nayyar was also the founding Chairman and Managing Director of the state owned Gas Authority of India and has served as the Managing Director of HCL Corporation Ltd and as the Vice Chairman of HCL Technologies Ltd. He was also a co-founder and Chief Executive Officer of HCL Perot Systems.

Nayyar received a master’s degree in development economics from Williams College, Massachusetts.

In addition to his responsibilities at Tech Mahindra, Nayyar’s principal directorships include his serving as a director on the boards of Venturbay Consultants Private Limited, Mahindra Logisoft Business Solutions Limited, Tech Mahindra (Thailand) Limited, CanvasM Technologies Limited, Tech Mahindra (Beijing) IT services Limited, Mahindra Holidays and Resorts India Limited, Mahindra United World College of India, Kotak Mahindra Old Mutual Life Insurance Limited, The Great Eastern Shipping Company Limited, Vidya Investments Private Limited, Vidya Education Investment Private Limited, Maurya Education Company Private Limited, Tech Mahindra (Americas) Inc, Tech Mahindra GmbH, Mahindra Education Foundation, Tech Mahindra Foundation, Vidya Education Foundation, HPS Social Welfare Foundation and Cathedral Vidya Trust.

 

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C. Achuthan

C. Achuthan was appointed to the Board on January 11, 2009 as an independent director. Previously, Achuthan was the Chairman of the Securities Appellate Tribunal. Prior to that, Achuthan was a member of the Securities and Exchange Board of India (SEBI). Achuthan is currently a member of the board of directors of the National Stock Exchange of India Ltd. and a trustee of the ING Mutual Fund. Achuthan holds a masters degree in economics from Kerala University and a degree in law from Bombay University.

 

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T. N. Manoharan

T.N. Manoharan was appointed to the Board on January 15, 2009 as an independent director. Manoharan is a member of the ICAI with 25 years of experience as a chartered accountant in India. Manoharan is also a visiting faculty member at the Reserve Bank of India Staff College. Previously, Manoharan served as Chairman of the ICAI Accounting Research Foundation, President of the ICAI, member of the Accounting Standards Board of the ICAI and member of the Accounting Standards Committee of SEBI. Manoharan is currently a member of the board of directors of Sahara India Financial Corporation Limited, Alpha Capital Management Private Limited, the Nani Palkhivala Arbitration Centre and MCA Management Consultants Private Limited. Manoharan holds a bachelors degree in commerce from Pachaiyappa’s College, Madras University, a masters degree in commerce from Sri Venkateswara University, Andhra Pradesh, and is a law graduate from Madras Law College, Madras University

 

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C. P. Gurnani

Gurnani, 50, is the CEO of Mahindra Satyam. Prior to this, he was heading Tech Mahindra’s Global Operations, Sales and Marketing functions, and lead the development of Tech Mahindra’s Competency & Solution units.

In a career spanning over 28 years, Gurnani has held several leading positions with HCL Hewlett Packard Limited, Perot Systems (India) Limited and HCL Corporation Ltd. Prior to joining Tech Mahindra, Gurnani was the Chief Operating Officer and a co-founder of Perot Systems (India) Limited, initially set up as HCL Perot Systems. At HCL Perot Systems, Gurnani orchestrated the HCL Corporation and Perot Systems joint venture from its inception to making it one of India’s top IT services companies. Gurnani has extensive experience in building international business, start-ups, turnarounds, joint ventures and mergers & acquisitions.

Gurnani received a chemical engineering degree from the National Institute of Technology- Rourkela. Gurnani takes a keen interest in community work and was nominated by Ernst & Young for the Entrepreneur of the Year Award in 2007. Gurnani’s principal directorships include serving as a director on the boards of directors of CanvasM Technologies Limited, CanvasM (Americas) Inc., Tech Mahindra (Thailand) Limited, Tech Mahindra (Beijing) IT Services Limited, Mahindra Logisoft Business Solutions Limited and the Tennenbaum Institute Advisory Board, Atlanta.

 

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Sanjay Kalra

Kalra, 46, is the CEO of Tech Mahindra Limited. In his earlier role at Tech Mahindra he spearheaded the BT relationship, Research & Development services for telecom equipment manufacturers and transformation/business process reengineering services. He is also responsible for Mergers & Acquisitions for Tech Mahindra.

Prior to joining Tech Mahindra, Kalra was the Chief Executive Officer of DSL Software (a joint venture between HCL Technologies Ltd. and Deutsche Bank), which is focused on providing IT and BPO solutions to capital markets. Kalra has also served at HCL as President of HCL Technologies Europe and was responsible for the creation and incubation of Cisco’s first outsourced Research & Development center in India. With global roles in Schlumberger Limited and Tata Unisys, Kalra has extensively leveraged global delivery to create new products and business lines, nurtured start-ups and led high growth businesses. Kalra was responsible for cross-border transactions involving the purchase of Deutsche Software from Deutsche Bank, Apollo Contact Center from BT in Northern Ireland and Axes Technologies in India.

Kalra received a degree in electrical engineering from the Indian Institute of Technology, New Delhi and is a recipient of the “Outstanding Contribution Award for National Development” from the Indian Institute of Technology, New Delhi Alumni Association. In addition to his responsibilities at Tech Mahindra, Kalra’s principal directorships include his serving as a director on the board of directors of CanvasM Technologies Limited.

 

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Ulhas N. Yargop

Ulhas N Yargop, 55, is the President, IT Sector and Member, Group Management Board of Mahindra & Mahindra Ltd.

Yargop joined Mahindra & Mahindra Ltd in 1992 and has worked as General Manager — Corporate Planning, General Manager — Product Planning, General Manager, Mahindra-Ford Project, and as Treasurer of Mahindra & Mahindra Ltd. He was appointed as President, IT Sector in 1999. The IT Sector includes Tech Mahindra (focused on the telecom vertical) and Bristlecone (focused on supply chain consulting). Yargop is also responsible for Mahindra SIRF, the corporate venture capital activity of the Mahindra Group. He has previously worked with GKN Automotive Inc., USA as Director of Finance and later with GKN Invel Transmissions Ltd., New

Delhi as General Manager — Commercial. He also worked with The Standard Batteries Ltd., Mumbai as Vice President — Industrial.

Yargop received a bachelor of technology degree in mechanical engineering from the Indian Institute of Technology, Madras and a master’s in business administration degree from the Harvard Business School.

In addition to his responsibilities at Mahindra & Mahindra Ltd, Yargop’s principal directorships include his serving as a director on the boards of directors of

Tech Mahindra Limited, Venturbay Consultants Private Limited, Mahindra Logisoft Business Solutions Limited, CanvasM Technologies Limited, Mahindra & Mahindra Contech Limited, Mahindra Engineering Services Limited, Bristlecone India Limited, Mahindra-BT Investment Company (Mauritius) limited, Mahindra Telecommunications Investment Private Limited, Officemartindia.com Limited, AT&T Global Network Services India Private Limited, Tech Mahindra (Americas) Inc, Tech Mahindra GmbH, Bristlecone Limited Cayman Islands, Bristlecone Inc.

Yargop serves as a member of the board of governors of Mahindra United World College of India and the managing committee of Harvard Business School’s India Research Center. He is also a trustee of Sunrise Initiatives, K. C. Mahindra Education Trust and Mahindra Foundation.

Alliances

We offer a wide range of IT solutions to meet today's complex business challenges. The depth and breadth of our solution offerings is enabled by strategic alliances with technology vendors and system integrators. Through these partnerships we are able to deliver industry-best end-to-end solutions to our customers.

We have partnered with many of the best-of-breed technology providers in all the solution areas. While the alliance partner provides the software application, we offer professional services including business process consulting, systems integration, custom application development, content development and other consulting and implementation expertise.

Acquisitions

S&V, a leading European Supply Chain Management (SCM) Consulting Firm.   

NITOR, a niche consulting firm providing Infrastructure Management Services.  

     

Bridge Strategy Group LLC, a strategy and general management consulting

firm.   

Knowledge Dynamics, a high-end consulting solutions provider in Business Intelligence.  

Citisoft, a highly specialized European business and systems consulting firm.   

 

Quick Facts

Incorporated on: June 24, 1987

Global Headquarters: Hyderabad, India

Registered Office:

Satyam Computer Services Limited.I Floor, Mayfair Centre1-8-303/36, S P RoadSecunderabad-500003Tel: + 91-40-3065 4343Fax: + 91-40-2784-0058

Corporate Office:

Satyam Computer Services LimitedUnit-12, Plot No.35 & 36HITEC City Layout, Sy No.64InfoCity, Madhapur, Hyderabad-500081Tel: + 91-40-3063-6363 Fax: + 91-40-4022-4122E-mail: MediaRelations@satyam.com                             InvestorServices@satyam.com

CEO: C.P. Gurnani

Board Members:

Vineet Nayyar C. Achuthan

T.N. Manoharan

C.P. Gurnani

Sanjay Kalra

Ulhas N. Yargop

Services Offered:

Application Services, BI & PM, Business Process Outsourcing, Business Value Enhancement, Consulting and Enterprise Solutions, Infrastructure Management Services, Integrated Engineering Solutions, MES and LIMS, Oracle Solutions, Product and Application Testing, Product Lifecycle Management (PLM), SAP Solutions, Six Sigma Consulting, Supplier Relationship Management, and Supply Chain Management.

Global Development Centers:

Bangalore – 2,  Bhubaneswar – 1, Chennai – 7, Delhi -1, Hamburg -1, Hyderabad - 8, Giza - 1, Nanjing - 1, Pune -3, Sao Paulo - 1, Shanghai -1, Selangor - 2,  Visakhapatnam - 1

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

Joint Ventures:

Satyam Venture Engineering Services Private Limited

Milestones

Our journey has been eventful, designed for growth, and marked by numerous pioneering achievements and global awards. We have made significant contributions to the professional services industry, in India and overseas. Some significant milestones are listed below:

 

2009

Unveils the new brand identity, “Mahindra Satyam” Tech Mahindra announces an open offer to buy an additional 20% in Satyam from

existing shareholders

Tech Mahindra acquires a 31% stake (Preferential Shares) in Satyam

Venturbay Consultants Private Limited, a Tech Mahindra subsidiary, emerges as the highest bidder to acquire a controlling stake in Satyam

2008

Adopts new tagline “Business Transformation. Together.” Enters agreement to acquire S&V Management Consultants, a Ghent, Belgium-based

supply chain management (SCM) consulting firm

Becomes the first company to launch a secondary listing on Euronext Amsterdam under NYSE Euronext’s new  “Fast Path” process for cross listings in New York and Europe

Becomes the first company to be invited by the National Stock Exchange (NSE) to ring the opening bell

Enters into a definitive agreement to acquire Chicago-based Bridge Strategy Group

2007

Satyam becomes the Official IT Services Provider for the FIFA World Cups, 2010 (South Africa) and 2014 (Brazil)

Announces acquisition of UK-based Nitor Global Solutions Limited

Opens Global Development Center (GDC) in Malaysia

Opens Development Center in Vizag, India

Becomes the first Asian company to feature in the Training Magazine’s list of Top 125 companies for learning

2006

Sets up the first “Global Innovation Hub” in Singapore Sets up operations in Guangzhou, China

2005

FLC framework launched across the entire organization Largest global development center outside India (in Melbourne) begins operation

Citisoft and Knowledge Dynamics acquired

2002

Satyam BPO launched in Hyderabad First Customer Summit conducted

2001

Satyam becomes world’s first ISO 9001:2000 company to be certified by BVQI Listed on the NYSE (SAY)

APAC headquarters established in Singapore

2000

Associate count reaches 10,000 Satyam receives National HRD Award from Indian government

1999

Assessed at SEI CMM® Level 5 Satyam Infoway (Sify) becomes the first Indian Internet company listed on NASDAQ

Satyam forms joint venture with TRW Inc.

Presence established in 30 countries

1993

Satyam signs joint venture with Dun & Bradstreet for IT Services Awarded ISO 9001 Certification

Satyam Technology Center (STC) inaugurated

Joint venture with GE announced

1991

Offshore software project with John Deere & Co.—Satyam’s first Fortune 500 customer—announced

Recognized as a public limited company; debuts on the Bombay Stock Exchange (BSE)

IPO oversubscribed by 17 times

1987

Incorporated as private limited company