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MISUNDERSTANDING MISINTERPRETATION LYING & EVASION
19.46% 8.74%
Promoters
10.58% 61.22%
Institutional Shareholders
Non-Institutional
Shareholders
Custodians
•Inflated figures of cash and bank balances of INR 5040 crore (as against INR 5361
crore reflected in the books)
•Operating profit was artificially boosted from the actual INR 61 crore to 649 crore.
•Satyam also showed an Interest Earning of 376 crore that was fictitious.
•An understated liability of Rs. 1,230 crore on account of funds arranged by himself.
• An overstated debtors' position of Rs. 490 (as against Rs. 2,651 crore in the books).
Overstated Understated Fraud
cash Liabilities Amount
balances,
income
receivables
Raju wanted to take over his MAYTAS INFRA and MAYTAS
PROPERTIES.(company of their sons).
He was blamed that he was using the funds of the investors for
the family business.
World bank had banned the satyam to take any services for 8
years (due to illegal profit and lack of essential document).
Gap between actual operating profit and the one in the books of accounts
continued to grow
On December 16th,Mr Raju tried to buy two firms owned by his family,
Maytas Properties and Maytas Infra, for $1.6 billion.
Shareholders revolted
But at last the TECH MAHINDRA took over satyam in June 2009
giving birth to “MAHINDRA SATYAM”.
April 13, Tech Mahindra
acquired majority stake
in Satyam
June 21, new brand,
Founded Nipuna “Mahindra Satyam”
ISO 9001 launched
Certification (erstwhile
RightSourcingTM Satyam BPO)
Model
Satyam Technology 2009
2005- 2009
Center established 2005-
2008
2001- 2008
Incorporated as 2001-
2004
Private Limited 1997- 2004
Company 1997-
2000
1993- 2000
1993-
1996
1988- 1996 Acquisitions
1988-
1992 – Bridge Strategy
1987 1992
1987 – Citisoft
SEI CMM Level – Knowledge Dynamics
5 Certification – Nitor Solutions
Presence in 30+ – S&V Management
Pioneered
Countries Consultants
Offshoring
IPO
Note: Satyam Technology Center now know as Mahindra Satyam Technology Center; Satyam BPO now known as Mahindra Satyam BPO
Genesis Incorporated in 1986 as a joint
venture of Mahindra Group &
BT
IPO in 2006, rechristened to
“Tech Mahindra”
Business Comprehensive service offerings for TSPs, TEMs & ISVs
Consulting, Application Development & Management, Network Services,
Solution Integration, Product Engineering, Managed Services, Remote
Infrastructure Management and BPO.
Leader in Telecom Ranks 5th among the Top 20 IT Software and Service exporters in India
offshoring (excluding BPO revenues)
Stands 11th in the IT-BPO Employers category
Global presence Operations in more than 25 countries
Global presence with 16 sales offices & 13 delivery centers
Customer profile Clients include 11 Fortune Global 500 companies (5 US)
Customers include 12 of Top 20 wireless TSPs & Top 5 TEMs
Major clients BT, Cisco, Alcatel Lucent, Microsoft, Motorola, O2, Qwest, StarHub, TNZ,
Hutchison, Unisys, Vodafone, BSNL, Airtel, MTN, Etisalat, Zain, T-Mobile,
NSN, Cox, Telus, Huawei
Employees Around 33,000+ professionals across the globe
Vineet Nayyar C. P. Gurnani
Chariman, Mahindra Satyam CEO, Mahindra Satyam
Member, Mahindra Satyam Board Member, Mahindra Satyam Board
WEBSITE mahindrasatyam.com
http://www.satyamscam.info/
http://satyamscamhttp://www.satyamscam.info/
http://satyamscam.in/2009/03/govt-to-provide-help-to-cbi-in-satyam-scam-case/
.in/2009/03/govt-to-provide-help-to-cbi-in-satyam-scam-case/
http:// tlarsen@novell.com
http://mahindrasatyam.com/
SWATI BIYANI
PRATEEK CHAUDHARY
DIVYA MAHESHWARI
OLIVIA
POOJA TOLANI
TRUPTI URUMKAR