CORPORATE ACCOUNTING SCANDAL AT SATYAM COMPUTER SERVICES LIMITED BACKGROUND Ironically‚ Satyam means “truth” in the ancient Indian language “Sanskrit” (Basilico et al.‚ 2012). Satyam won the “Golden Peacock Award” for the best-governed company in 2007 and in 2009. From being India’s IT “crown jewel” and the country’s “fourth largest” company with high- profile customers‚ the outsourcing firm Satyam Computers has become embroiled in the nation’s biggest corporate scam in living memory (Ahmad
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Satyam scam Satyam Computers services limited was a consulting and an Information Technology (IT) services company founded by Mr. Ramalingam Raju in 1988. The company offers information technology (IT) services spanning various sectors‚ and is listed on NSE‚ BSE‚ the New York Stock Exchange and Euronext. It was India’s fourth largest company in India’s IT industry‚ offering a variety of IT services to many types of businesses. Its’ networks spanned from 46 countries‚ across 6 continents and employing
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holders. He was charged with cheating‚ embezzlement and insider trading. Raju had appointed a task force to address the MAYTAS situation in the last few days before revealing the news of the accounting fraud. MAYTAS ("SATYAM" read backwards) refers to a group of companies founded by B. Ramalinga Raju. It includes MAYTAS Properties and MAYTAS Infra Limited. After the scandal broke‚ the then-board members elected Ram Mynampati to be SATYAM’s interim CEO. On 10th January 2009‚ the Company Law Board decided
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Introduction to Satyam Computers Limited Satyam computers limited established as a private limited company by two brothers B. Rama Raju and B. Ramalinga Raju in 1987. It was converted to a public limited company in August 1991. By 2008‚ Satyam was established as a fourth largest Indian IT Company in India and US. It had grown upto 53000 employees‚ 600 plus customers including 185 fortune 500 companies. The company had annual revenues over $2 billion. The company was operated in more than 66 countries
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LEADERSHIP ANALYSIS - RAMALING RAJU by SANTHOSH PARK SCHOOL OF BUSINESS EXCELLENCE BIOGRAPHY RISE AND FALL OF RAMALINGA RAJU Ramalinga Raju is one of the pioneers of the Information Technology industry in India. He is the founder and Chairman of Satyam Computer Services Ltd. Ramalinga Raju was born on September 16‚ 1954 in a family of farmers. Ramalinga Raju‚ married to Nandini‚ has two sons and a daughter. His sons Teja B. Raju and Rama B. Raju are running Maytas Infrastructure and Maytas
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Mahindra War Room 2013 Partners Sector - Logistics Business MAHINDRA PARTNERS SECTOR LOGISTICS BUSINESS CASELET Mahindra Partners is the internal incubator of new businesses for the Mahindra Group‚ supporting a portfolio of existing ventures across Retail‚ Logistics‚ Boats‚ Energy and Media‚ while constantly exploring new ventures. This caselet pertains to Mahindra Logistics Business. BUSINESS BACKGROUND Mahindra Logistics began in 2000 to service the complex transportation needs of Mahindra’s
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MARKETING ENGINEERING FOR EXCEL • CASE • VERSION 2.0.2 Case Positioning the ConneCtor 2001 By Gary L. Lilien and Katrin Starke 1. Before beginning any case‚ students should familiarize themselves with the model being used. Marketing Engineering for Excel comes with tutorials that demonstrate the capability of each model. The tutorial can be found under each model within the ME►XL menu after starting Excel. These tutorials are designed to work with our OfficeStar examples which
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Mahindra Motors INTRODUCTION:- This Report is based on the Mahindra motors private limited company in India‚ which company wants to start their business in New Zealand. In this report we will discuss about the Company that produces namely heavy vehicles like trucks‚ luxury cars‚ buses and tractors. Then we will talk about the company products and services offered goals‚ strength and weakness‚ competitors‚ marketing strategy. Then Conclusion will be consequent and places are accepted available
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What Leaders Really Do (Q.C. done on 14/07/06) - John Kotter Executive Summary LEADERSHIP IS DIFFERENT FROM MANAGEMENT‚ but not for the reasons most people think. Leadership isn’t mystical and mysterious. It has nothing to do with having “charisma” or other exotic personality traits. It is not the province of a chosen few. Nor is leadership necessarily better than management or a replacement for it. Rather‚ leadership and management are two distinctive
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Reflective account about our group Although I had previous experience about group work‚ but this time I was unhappy when I was told that we were suppose to work in-groups. I didn’t know any one in the class therefore‚ I was not convinced at the beginning the students that I was going to work with. We were group of four and were suppose to design an effective interview and selection process. Each one of us had an effective role in this group work. We slowly started to work out what aspect we
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