sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
News Headlines »
 5 things you should not forget while filing income tax return
 10 Easy Steps to File ITR 1 Online
 How to e-verify income tax return?
 What to do when you receive a notice from the tax department
 How to use your Form 16
 Which ITR form applies to you for financial year 2017-18?
 Income tax returns filing form-2 released; should you use it? Find out
  Are you planning to file ITR 1 form? here's how to do it Income Tax Return (ITR) filing
 30 LPA-Opening Financial Controller
 ITR form 2 in java release by CBDT for return filing by individuals
 How to file your income tax return using ITR Form-1 Income Tax efiling for AY 2018-19

Upbeat Satyam gears up for long-drawn battle
December, 19th 2009

While the mood is upbeat in Mahindra Satyam headquarters, the uncertainty is far from over. The massive attrition at senior levels with job market opening up and liabilities still unsettled, the management is readying up for a long-drawn battle.

One year on, the life at fraud-hit Satyam is back to normal.  With a new owner, Mahindra, the company has survived but is still bruised and wounded.

CP Gurnani, CEO of Mahindra Satyam, is the man in the hot seat and he knows there is no room for error. But with the billion-dollar Upaid case settled for just under-100 million dollars, confidence is high on Mahindra Satyam's campus to tackle the next big hurdle: class-action suits.

Gurnani, the CEO, said, "The clients were asking about Upaid all the time. Now, that the dispute is behind us, the focus is on growth and we are running hard to settle pending matters."

Its only when the liabilities are sorted and financial results restated by June 2010, the merger will become a possibility. Drawing synergies between Tech Mahindra and Mahindra Satyam for a joint go-to-market strategy and win deals is for now a work-in-progress.

Padma Parthasarathy, head of special initiatives of Mahindra Satyam, said, "We have completed the basic get-to-know exercise but now is the time to got to market more visibly and draw from the M&M group synergy in a big way."

While the mood is upbeat in Mahindra Satyam headquarters, the uncertainty is far from over. The massive attrition at senior levels with job market opening up and liabilities still unsettled, the management is readying up for a long-drawn battle.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Experience

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions