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TechM may close some Satyam offices
May, 30th 2009

Some of Satyam Computer's 105 offices and 30 delivery centres worldwide may soon cease to exist. According to a report in a business daily, the Hyderabad-based company "is evaluating options to downsize operations at its overseas development centres and terminate lease contracts for offices and other properties."

By consolidating its offices and delivery infrastructure Satyam, which was recently acquired by Tech Mahindra, will be able to up capacity utilisation and also reduce overhead costs, says the report.

The review of operations is reportedly a part of Operation Phoenix, Tech Mahindra's plan of resurrecting Satyam, which has seven development centres in China, Germany, Brazil, Egypt and Malaysia.

Incidentally, Satyam's Australia chief Deepak Nangia recently quit in pursuit of greener pastures. The local head of IT company Satyam Computer services here Nangia was quoted saying by The Australian, "I left the company about three weeks ago to pursue other opportunities."

He joined Satyam in 2002 and during his tenure Nangia built Satyam Australia into a 200-million-Aus-dollars company, securing blue-chip clients such as Telstra, NAB and Qantas.

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