BECG PRESENTATION

» Satyam Computers was founded in 1987.

» It converted into Public Ltd Co. in 1992.

» The company offers consulting and information technology services

spanning various sectors.

» Satyam's network covers 66 countries and 53000 employees across six

continents. It is listed in BSE, NSE, NYSE

» Now Mahindra Satyam is overall ranked #153 by Fortune India 500 in 2011.

» He started an satyam computers with 20 employees in 1987.

» Satyam was listed in INDIAN STOCK EXCHANGE in 1991.

» There were 52000 employees working in Satyam in September 2008

» Born on September 16 1954 in family of farmers

» He completed his B.com from Andhra

» He earned his MBA from Ohio university ,USA

» After returning to India in 1977 he started a spinning and weaving mill named Sri Satyam

» He shifted to real estate business named Satyam constructions

» In 1987 Raju founded Satyam computer service with one of his brother in law DVS Raju

» Scam occurred in the year 2009

» The founder was Mr .Ramalinga

» Due to this investors lost 14,162 crores

» Failed to show good relation with the shareholders

employees

management

bankers

government

» EMPLOYEES

*Virtual pool of employees

*Retrenchment without compensation

*non fulfillment of obligation of the company

» MANAGEMENT

* Loss of credibility of management

» SHAREHOLDERS *No transparency regarding major happening in organization

Eg: Acquisition of Maytas

*Misleading their funds

*False inflated financial records

* Putting self interest at expense of shareholders interest

» GOVERNMENT

*Non payment of taxes of the previous year’

*No Advance payment of taxes

» BANKS

*Blacklisted by world bank

*Declared ill legible for : 1. failing in documentation of records

2. improper benefits to staff

» GOVERNMENT – SET UP BOARD OF AUDIT – 3 YEARS

» CROSS DIRECTORSHIP SHOULD BE BANNED

» INCENTIVES FOR WHISTLE BLOWERS

» LAW SHOULD BE MORE STRINGENT

» TIGHTER NORMS FOR CHARTERED ACCOUNTANTS

» EFFECTIVE WHISTLE BLOWING POLICY

» ETHICAL VALUES SHOULD BE GIVEN PRIORITY