Mahindra Satyam.

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

Founded 1987
Headquarters Hyderabad, India
Vineet Nayyar, Vice Chairman, Mahindra
Key people 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 KPMG
the SEI CMMI ver 1.2 in Jan 2009
“Excellence In Practice” recognitions for learning American Society for Training
& Development (ASTD)
Declared as Voice-Ready partner for Microsoft Unified Microsoft
Communications
Moves up to be among the Top 10 in Training Top 125 list Training magazine
Awards for excellence in Leadership Development, Marketing & Corporate University Xchange
Communications of Brand Value of Learning, and Strategic (CorpU)
Alignment of Learning to Business Strategies
Progressive Manufacturing 100 Award for Rain CII Carbon Managing Automation Media
2008
BS25999 Certification for all India Operations. Satyam BSI Management Systems
Computer Services Ltd. is the third company to achieve this
certification.
Asian MAKE (Most Admired Knowledge Enterprise) Award Teleos, in association with
KNOW Network
UK Trade & Investment India (UKTI) Business Award for UKTI
corporate social responsibility
SAP Pinnacle Award 2008 under “Service – Ecosystem SAP
Expansion (Growth)” category
Best IR Website in the Asia Pacific & Africa region for MZ Consult
providing complete, accurate and timely investor relations
information
Award for Best IT Practices in IT Sector Amity Business School, Noida,
India
2007
Partner Innovation Award for Anti-Money Laundering (AML) Pegasystems
solution
Competitive Strategy Leadership Award for Offshore Testing Frost & Sullivan
Market
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 Training Magazine
companies for learning
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 Hewitt Asia
20 Best Employers in Asia
BML Munjal Award for Excellence in Learning and Hero Mindmine Institute (part
Development 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 Business World , FICCI, and
Responsibility 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 Aberdeen Group
Practice”
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 Society

Satyam 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.

Top

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.

Top

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
Top

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.

Top

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.

Top

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 NITOR, a niche consulting firm

Supply Chain Management providing Infrastructure
(SCM) Consulting Firm. Management Services.

Bridge Strategy Group LLC, Knowledge Dynamics, a high-

a strategy and general end consulting solutions
management consulting provider in Business
firm. 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 Centre
1-8-303/36, S P Road
Secunderabad-500003
Tel: + 91-40-3065 4343
Fax: + 91-40-2784-0058

Corporate Office:

Satyam Computer Services Limited

Unit-12, Plot No.35 & 36
HITEC City Layout, Sy No.64
InfoCity, Madhapur, Hyderabad-500081
Tel: + 91-40-3063-6363
Fax: + 91-40-4022-4122
E-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