1. Guided by : Dr.priyanka baldawa Submitted By:
jYOTI jain

2.  Founded in 1987 by
Mr.raju
 Satyam was india’s 4th
largest IT services company
 Over 50,000 employes
 Almost one in every two of
the fortune 500 was said to
be client of satyam
 90% of businees comes
from USA

3.  Satyam business has spread
over 66 countries
 Listed on BSE, NSE ,
NYSE
 3 areas of working
- IT services
- Business process
outsourcing (BPO)
- Software products

4.  In the financial year ending March 2008 , satyam
reported impressive 46.3 % rise in revenue to $ 2.1
billion
 In October 2008 , satyam said revenue would rise
further 20 % in the 2009 financial year
 But later this all found to be fictious

5.  First IT company in the world
Certified under ISO 9001:2000
 Top 13 Best – Managed companies
in India
 SAP Pinnacle Award in 2008
 Golden peacock award for
excellence in Corporate Goverance
 United kingdom trade & Investment
India Business award

6.  Greed for money , power ,
competition , success and prestige
compelled Mr. raju ( founder & ex-
chairman ) to “ ride the tiger ”
which as a resultant forced him to
commit a huge fraud
 Scam is over of $ 1.47 billion
 Thrown spotlight on corporate
governance in India – Based
companies

7.  To cover up satyam’s fictious
assests wih real one , satyam
attempted to accquire Maytas
Infrastruture & Maytas
properties
 Which was owned by Mr .
Raju’s family
 Later , the acquistion was
dropped when satyam
shareholders protested

8.  As per India’s CBI report
satyam did :-
- Involvement of dual
accounting books
- Thousand of forged invoices
- Fake bank statements
- Thousand of unnessary
employes
- Auditors received fees several
times the market rate

9.  This scam also termed as India’s Enron
 On Janurary 7th 2009 , B . Ramlinga Raju , Founder
& Chairman of Satyam Computer Services , resigns

10.  B. Ramalinga Raju : Satyam Former Chairman
 Rama Raju : Brother of Ramalinga Raju (MD)
 V Srinivas : Ex-chief Financial Officer
 S. Gopalakrishnan : PWC Auditor
 Talluri Srinivas : PWC Auditor

11.  Before the scandal, it’s share price was Rs. 300 in
Oct. 2008. Just after the scandal share price go down
to Rs. 6.30.
 The Company Law Board decided to bar the current
board of Satyam functioning.
 The New York Stock Exchange has halted trading in
Satyam stock.
 Before scandal, Satyam was 4th ranked among IT
companies of India and after the scandal, it became
least valuable IT company in India.