Satyam Computer Services Ltd is a leading international IT services company based in India. It has expertise in enterprise solutions, supply chain management, CRM, business intelligence, and product lifecycle management. Satyam has many subsidiaries around the world. In 2009, Satyam was acquired by Tech Mahindra after the former chairman confessed to a $1.2 billion fraud, and investigations later found the fraud was actually $2.5 billion, with funds diverted to real estate holdings. As a result of the acquisition, Tech Mahindra and former Satyam shareholders may recover lost assets.

2. 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.

4. 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

5. 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...

6. 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.

7. 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.

8. 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.

9. 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.

10. 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.

11. 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 Group’s IT arm, Tech Mahindra. Mahindra Satyam
has offices in 35 countries.

12. • 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

13. Have a great Day ahead 