Browse Definitions :
Definition

Mahindra Satyam

Mahindra Satyam (formerly Satyam Computer Services) is a software services company, owned by Tech Mahindra, part of India’s Mahindra Group. It provides IT consulting, outsourcing, and back-office processing services to global corporations.

Hyderabad-based Satyam Computer Services, established in 1987, was among the top four technology outsourcing companies in India. In early 2009, its founder and then Chairman B. Ramalinga Raju admitted to having committed accounting fraud for years by falsifying Satyam's revenues, profits, cash reserves,and even its employee-count.

The Indian government appointed a three-member committee headed by NASSCOM president Kiran Karnik to oversee the revival of the company and find a suitable bidder for it. In 2010, Tech Mahindra emerged as the successful bidder to acquire a 51% stake in Satyam for Rs 2,890 crore ($518.7 million, approximately).

Satyam has been renamed Mahindra Satyam and is in the process of being merged with Tech Mahindra at the time of this writing.

This was last updated in October 2012

Continue Reading About Mahindra Satyam

Start the conversation

Send me notifications when other members comment.

Please create a username to comment.

-ADS BY GOOGLE

File Extensions and File Formats

SearchCompliance

SearchSecurity

  • time-based one-time password (TOTP)

    A time-based one-time password (TOTP) is a temporary code, generated by an algorithm, for use in authenticating access to ...

  • Security Operations Center (SOC)

    A security operations center (SOC) is a command center facility for a team of IT professionals with expertise in information ...

  • incident response team

    An incident response team is a group of IT professionals in charge of preparing for and reacting to any type of organizational ...

SearchHealthIT

SearchDisasterRecovery

  • disaster recovery team

    A disaster recovery team is a group of individuals focused on planning, implementing, maintaining, auditing and testing an ...

  • cloud insurance

    Cloud insurance is any type of financial or data protection obtained by a cloud service provider. 

  • business continuity software

    Business continuity software is an application or suite designed to make business continuity planning/business continuity ...

SearchStorage

  • storage class memory (SCM)

    Storage class memory (SCM) is a type of NAND flash that includes a power source to ensure that data won't be lost due to a system...

  • Hadoop as a service (HaaS)

    Hadoop as a service (HaaS), also known as Hadoop in the cloud, is a big data analytics framework that stores and analyzes data in...

  • blockchain storage

    Blockchain storage is a way of saving data in a decentralized network which utilizes the unused hard disk space of users across ...

Close