DEEPAK MITTAL DHeeRAJ SINGLA

MANOJ JANGIR SHASHI KANT

 MANAGING DIRECTOR
NEW VICE CHAIRMEN & MANAGING
EX MANAGING DIRECTOR DIRECTOR
RAMALINGA RAJU ANAND MAHINDRA
ORGANISATIONAL STRUCTURE
CEO
Board Members
C.P. Gurnani

Vineet Nayyar
C. Achuthan
T.N. Manoharan
C.P. Gurnani
Sanjay Kalra
 INTRODUCTION

LISTED

NETWORK

EMPLOYEES

SA ACHIVEMENTS

TY DEVELOPMENT CENTRES
AM
SATY ALLIANCES
AM
 WHY SATYAM GOES DOWN
SATYAM WHY SATYAM IS IN SCANDAL?
Satyam Computers had on December 16, 2008, announced
that it will acquire two group firms - Maytas properties and
Maytas Infrastructure

SCANDAL The BOD of Satyam had approved the founder’s proposal to

buy 51 per cent stake in Maytas Infrastructure and 100 % in
Maytas Properties.

The total outflow for both the acquisitions was expected to be

US$ 1.6 bn comprising of US$ 1.3 bn for the 100% stake in
Maytas Properties and US$ 0.3 bn for the 51% stake in Maytas
Infra

This deal is not profitable for investors .So after this

announcement they started to raise their voices against the
deal
The company is run by the sons of Ramalinga Raju

It was started in the late 1980’s by Ramalinga Raju

The main reason for the debacle of Maytas Infra is due to the
debacle of Satyam
SATYAM  On 7 January 2009, company’s previous Chairman Ramalinga
Raju resigned after notifying board members and the Securities
and Exchange Board of India (SEBI) that Satyam's accounts had
been falsified
Raju confessed that Satyam's balance sheet of 30 September 2008
contained:

SCANDAL Inflated figures for cash and bank balances of Rs 5,040 crore
(US$ 1.04 billion) (as against Rs 5,361 crore (US$ 1.1 billion) crore
reflected in the books).

An accrued interest of Rs. 376 crore (US$ 77.46 million) which was
non-existent.

An understated liability of Rs. 1,230 crore (US$ 253.38 million) on

account of funds was arranged by himself.

An overstated debtors' position of Rs. 490 crore (US$ 100.94 million)

(as against Rs. 2,651 crore (US$ 546.11 million) in the books).
 ON 30 SEPTEMBER ACTUAL
2008 DEBT WAS
SATY CURRRENT
ASSETS
2161
OVERSTATE
D 490 CR.
AM ACTUAL
CASH IN
BANK WAS
321
INFLATED
5040 CR.
NO ACCRUED
INTEREST
376.34 CR.
LIABILITIES
UNDERSTAT
ED LIABILITY
1230 Cr.
Which was
ARRANGED
5040+376+123 BY MR.RAJU
0+
490=
7136CRORE
SATY
AM
 SATYAM SCAM: SO HE IS TO
SATY BLAME`

AM ØWho is guilty in this sordid

state of events?

ØBut there were others who

are also culpable.
SA
TY
AM

SATYAM’S AUDITORS

PRICE WATER HOUSE

COOPERS
SATY
AM

THE SEBI
The Sebi had in December given
a clean chit to Satyam in the
probe on violation of corporate
governance law.
SATY
AM

THE BANKER’S
●If the auditors were conned, it means that
either the bank statement and certificates
were forged
Satyam's banks – ICICI Bank, HDFC Bank,
Bank of Baroda, etc
 WHAT MANAGEMENT
SATYA COULE DO?
M Change the name of the company.

Reconstitution of the board :- Restore the

management of the company and appoint some
reputed people as the board of directors.

Try building confidence in the clients to get

back the lost projects.

The image of the company could be revived by a

series of press conferences highlighting the
on going contracts with the clients.

It could also be merged with any other software

company.
 Tech Mahindra wins bid for
SATY Satyam Scam

AM
Ø Tech Mahindra is paying Rs1757 crore
for a 31% stake in the company, or Rs 58
per share.

Ø Satyam Computer Services has now

zoomed 15% to Rs 54.20 ahead of the
announcement of the highest bidder for
the company on April 13, 2009.

Ø In India this moment was full of praise

for the manner and speed with which the
reconstituted board of Satyam Computer
Services found a strategic investor .
DON’T TRY THIS AT OWN
mahindr
a

SATYAM

DON’T TRY THIS AT OWN