THE TEAM

NAME ROLL NO

REAGAN CHETTIAR 17

SHAILENDRA GUPTA 32

SUJIT JAIN 39

NEHA KHANDELWAL 49

SUSHMITA SANGAI 86

SHARMISTA SHETTY 97

VIVEK SINGH 102

Entrepreneurship? Entrepreneurship is an attitude. It's for people who

are willing to fail.

The American Heritage Dictionary defines an

entrepreneur to be "a person who organizes,

operates, and assumes the risk for business

ventures”.

An entrepreneur is who creates value by offering a

product or service.

Possession of an enterprise, or venture.

UNETHICAL BUSINESS PRACTICES Business ethics is when employers conform to the

approved standards of their profession. And unethical

business practices is the opposite, not conforming to

approved standards.

Result of unethical business practices.

Bad press and lawsuits.

Avoid unethical business practices.

Honesty is the best policy.

To handle problems properly.

When mistakes are made, address them clearly,

apologize, do better, and move on.

Ignore problems with the products you sell.

Refuse to accept blame.

Monitor yourself and your employees.

Satyam means truth, but Raju, who resigned as chairman, owned up to creating a

tissue of lies.

Satyam profile

A leading global business and information technology

company, delivering consulting, systems integration, and

outsourcing solutions.

The company’s 52,865* Associates excel in engineering

and other streams.

Satyam Computers has domain expertise in verticals

such as Automotive, Banking & Financial Service,

Insurance & Healthcare, Manufacturing, Telecom,

Infrastructure, Media, Entertainment, and

Semiconductors.

Satyam Computers' network is spread over 55 countries

across 6 continents.

Satyam serves over 558 global companies including over 163

Fortune 500corporations.

In June 1991, Satyam Computers got its first Fortune 500 Client.

Satyam went public in May 1992 and its issue was oversubscribed

17 times.

In May 1997, Satyam became the first Indian IT Company to get

ITAA Certification for Y2K Solutions.

In 1999, Satyam Infoway became the first Indian Internet

company to be listed on NASDAQ.

In March 2001 Satyam became first ISO 9001:2000 Company in

the world as certified by BVQI.

In 2005 Satyam acquired 100% stake in Singapore based

Knowledge Dynamics, a leading Data Warehousing and Business

Intelligence solutions provider.

Satyam’s Awards and

achievements

award Awarded byPre-2001

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

“100 Leading Pioneering Technology Companies” World Economic Forum

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

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

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

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

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)

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

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

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

2008

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

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

Introduction to raju

NAME: BYRRAJU RAMALINGA RAJU BORN: SEPTEMBER 16, 1954

FOUNDER OF SATYAM COMPUTERS

IN 1987 AND ITS CHAIRMAN UNTIL

JANUARY 7, 2009

Born on 16th September ,1954 in Garagaparru district of

Andhra Pradesh in an agrarian family.

His father Satyanarayana initially founded Satyam

Homes and Satyam Constructions which morphed into

Maytas Infra a few years back.

He graduated with a B.Com degree from the prestigious

Andhra Loyola College in Vijayawada and later

completed his MBA from Ohio University.

– Raju founded Satyam in 1987 after venturing earlier into other

businesses such as construction and textiles.

– He started an IT company with 20 employees that obtained the

contracts for IT projects, mostly from US companies textiles.

Satyam rapidly developed and became a multinational

company with thousands of employees spread over many

countries.

Was extremely simple by nature, was often seen a light

blue coloured shirt with the Satyam logo embossed on it.

Referred to his employees as Satyamites.

Was and adept networker attending conferences and

conventions and a voracious reader of management

books.

Used to cultivate friendships with politicians in power

His wife Nandini and sons Teja and Rama keep a low

profile and rarely interact with the media

Raju showed a strong social orientation and has been furthering the

cause of social transformation through Byrraju Foundation and

EMRI[1].

Raju’s greed and ambition to be in the race to be in the race for the top

IT companies caused him to turn a blind eye to accounting frauds and

siphon off company funds and ultimately land up in jail.

Raju is currently held in Hyderabad's Chanchalguda jail on criminal

charges including fraud, forgery, cheating, embezzlement and insider

trading.

Raju’s greed and ambition to be in the race to be in the race for the top

IT companies caused him to turn a blind eye to accounting frauds and

siphon off company funds and ultimately land up in jail.

HIS ACHIEVEMENTS

Ramalinga Raju has won several awards and honors.

These include:

Ernst & Young Entrepreneur of the Year for Services in

1999,

Dataquest IT Man of the Year in 2000,

CNBC's Asian Business Leader - Corporate Citizen of the

Year award in 2002

E&Y Entrepreneur of the Year Award in 2007

Flaws in his leadership qualities

'Can do' mentality

Raju had no background in the new and growing

field, but he had a strong 'can do' mentality of an

entrepreneur.

An example of his entrepreneurial skills can be

seen in the first big international deal he made in

1991.

Today, Satyam has over 53,000 employees on its

payroll, spread across 60 countries.

Didn't keep up

• But according to the New York Times, Raju did not

keep up with his competitors.

• Over the years, the company faced competition

from other outsourcers, which were growing even

faster.

• Satyam was slow to transform, in part perhaps

because of Raju's management style.

Too old - school

'He was very old-school‘. The company's

management, was 'very parochial and didn't

embrace change or implement anything differently'.

Customers had complaints. 'We are tired of being

required to call up the top guy in India to get things

resolved,' one Satyam client told Gartner in 2005.

Satyam Shakedown

Ramalinga Raju is worth US$1.3 billion ($2 billion)

and was head of giant Indian software company,

Satyam.

Falsified about US$1 billion on Satyam's books and

vastly inflating the company's profit margins.

It was a huge fall from grace.

The scam

The Raju empireSatyam Chairman Ramalinga Raju and his family own 43 other companies, besides Satyam, Maytas Properties and Maytas Infra.

Satyam Computers (Market capitalisation: RS 10,930 crore) reported a turnover of Rs 8,473.49 crore at the end of March 2008. The net profit after tax was Rs.1,687.89 crore, a growth of 20.2 per cent over

the previous financial year.Maytas Infra (Valuation: RS 2,824 crore) a turnover of Rs 1,660 crore in the last financial year with a profit after tax of

nearly Rs 100 crore.Maytas Properties (Valuation: RS 6,240 crore or $1.3 billion) a land bank of 6,800 acres Infinite India Investment Management, a realty fund jointly promoted by JM

Financial and US-based SRM Investments invested Rs 600 crore in February holds undisclosed stake.

Nine commandments

If the company claims it has cash on its hand ,that

should be enough signal for auditors to check

whether the cash in hand is available or not.

Bank balance has been invested properly or not,

where all it has been invested-MF’s etc.

Whether the internal control mechanisms are in

place.

Scrutinize if the company has huge creditors and

huge balance at the same time.

Look into why the company is not taking benefit

and negotiating the price.

Are the profit margins abnormal as compared to

industry norms

Check if there has been a quantum jump in wealth

Carry out an overall ratio analysis of figures in the

organisation, previous years, similar industry

Physical verification of assets owned by the

company

New Board of Directors Appointed

at Satyam

Satyam Computer Services Limited (NYSE: SAY) on January 11, 2009 said that it welcomes the Ministry of Corporate Affairs’ appointment of three distinguished members to a newly formed board of directors for the company.

Mr. Deepak S. Parekh, Chairman of HDFC Mr. Kiran Karnik, former

President of NASSCOM

Mr. C. Achuthan, Director at the NSE, former Member of SEBI, and former Chairman of Securities Appellate Tribunal

CONCLUSION