Satyam Will be a Standalone Entity

by CXOtoday Staff    Apr 21, 2009

Satyam Computer Services, the IT services  outsourcing major, would remain a standalone entity in the foreseeable future and its leadership would continue with marginal changes, said its new owner Tech Mahindra

This was revealed by Anand Mahindra, chief of Mahindra Group, after its first meeting with the government-appointed board.

He said Tech Mahindra’s first priority will be to restore Satyam’s financial health, win back clients, and sign new ones.

A.S.R. Murthy will continue as the CEO of the company while the new chief financial officer (CFO) is expected to be named in the next few weeks.
However, Tech Mahindra declined to comment on whether there will be any layoffs.

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