Mahindra Satyam is an Indian IT services company headquartered in Hyderabad, India. The company was founded in 1987 as a joint venture between Mahindra & Mahindra and British Telecom. In 2009, British Telecom sold its stake in the company to Mahindra & Mahindra, making it a wholly owned subsidiary of the Indian conglomerate.
Satyam means "truth" in Sanskrit, and the company's name is a reflection of its founding principle of "commitment to truth and excellence". Mahindra Satyam provides a range of IT services including application development and maintenance, enterprise resource planning (ERP), business intelligence, and infrastructure management. The company has a strong presence in verticals such as automotive, manufacturing, healthcare, and energy.
In 2014, Mahindra & Mahindra merged Mahindra Satyam with another subsidiary, Tech Mahindra, to create a new entity called Mahindra Tech Mahindra. Is Satyam company still working? Satyam company is no longer in business. Is Mahindra Satyam listed? Yes, Mahindra Satyam is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) in India. The company was formerly known as Satyam Computer Services Limited before it was acquired by the Mahindra Group in April 2010.
Who owns Satyam Computers?
Satyam Computers was an Indian multinational corporation that provided information technology services, including software consulting, enterprise resource planning, and business process outsourcing. The company was founded in 1987 by Ramalinga Raju.
In 2009, Satyam Computers was acquired by the Indian IT company Tech Mahindra. What was Satyam share price? Satyam shares were trading at Rs.58.05 on the BSE at 09:56 a.m. on January 7, 2008.
What happened to Satyam employees?
When the news of the Satyam scandal broke, many of the company's employees were left in a state of shock and confusion. Many were worried about their jobs, and some even feared for their safety.
The Satyam scandal was a major setback for the Indian IT industry, and it had a negative impact on the morale of Satyam's employees. Many of them were worried about the future of the company and their jobs.
The Satyam scandal also had a negative impact on the Indian economy. The stock market crashed and the Indian rupee fell to an all-time low against the US dollar.
The Satyam scandal was a major blow to the image of India as a global destination for IT outsourcing. Many international clients cancelled their contracts with Satyam, and the company's employees were left without work.
The Satyam scandal was a major setback for the Indian IT industry. Many employees lost their jobs, and the industry's reputation was tarnished. However, the industry has since recovered and is now stronger than ever.