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Satyam Scam

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Satyam Scam
INDUS BUSINESS ACADEMY

ASSIGNMENT
ON
A CASE STUDY OF ANY COMPANY DOING FRAUDULENT ACTIVITY AND ITS FURTHER PROCEEDINGS

SUBMITTED BY: Radha Gupta
FPG/1113/023

COMPANY BACKGROUND:-
Mahindra Satyam (formerly Satyam Computer Services) is an Indian IT services company based in Hyderabad, India. It was founded in 1987 by B Ramalinga Raju. Mahindra Satyam is a part of the Mahindra Group which is one of the top 10 industrial firms based in India. The company offers consulting and information technology (IT) services spanning various sectors, and is listed on the Pink Sheets, 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 on April 13, 2009.
Satyam, a SEI-CMM Level 5 company, offers a range of expertise in the areas of Information Technology Software Development Services, Systems Integration, ERP Solutions, Product Development, Internet access & hosting services, Electronic Commerce and Consulting. Satyam has nearly 6,000 IT professionals, who operate out of its state-of-the-art software development centers located in India, the USA, Japan, Singapore and the UK. These Centers work as an extended enterprise (IT partner) for over 150 Fortune 500 and multinational clients worldwide. Satyam, a multifaceted, totally integrated IT solutions provider is engaged in application development and maintenance, systems integration, datamarts, conversion and migration, Euro currency and engineering services (CADCAMCAE).

It specializes in customized IT solutions for industries in the areas of Manufacturing, Financial services, Insurance, Transportation, Telecom, Healthcare and Power. The company also offers Network and network-enabled services in India. It provides Internet access & hosting services, Intranet, e-mail, EDI, store & forward, and online information services.
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