Satyam has come back from the brink to unleash growth
W hat started as a ‘hobby’ (IT) for Ramalinga Raju has emerged into a $1 billion soft ware giant. Aft er long being put in the shade by the big three IT companies (TCS, Wipro & Infosys), Satyam is slowly emerging as a potential IT player in its own right. After the debacle with Sify, Satyam is decisively moving up the value chain to be at par with the best in the business. The quarter ending September 2006 saw the company achieving a strong volume growth of 9.5% and also accelerated growth in verticals like retail & healthcare. The four promoters, B. Ramalinga Raju (Chairman) and his wife B. Nandini Raju, his younger brother B. Rama Raju (Managing Director) and his wife B. Radha Raju together own 9% stake in the company. Satyam has struck historic deals with General Motors, Nissan & Qantas Airways and has 90 alliances with technology leaders around the world. However, lack of skilled manpower & high attrition levels pose a challenge and it would be an acid test for Satyam to prove itself to those who swear by its “enterprise”ing excellence.
For complete IIPM article click here
Source:- IIPM Editorial
Visit also:- IIPM Publication, Business & Economy & Arindam Chaudhuri Initiative
W hat started as a ‘hobby’ (IT) for Ramalinga Raju has emerged into a $1 billion soft ware giant. Aft er long being put in the shade by the big three IT companies (TCS, Wipro & Infosys), Satyam is slowly emerging as a potential IT player in its own right. After the debacle with Sify, Satyam is decisively moving up the value chain to be at par with the best in the business. The quarter ending September 2006 saw the company achieving a strong volume growth of 9.5% and also accelerated growth in verticals like retail & healthcare. The four promoters, B. Ramalinga Raju (Chairman) and his wife B. Nandini Raju, his younger brother B. Rama Raju (Managing Director) and his wife B. Radha Raju together own 9% stake in the company. Satyam has struck historic deals with General Motors, Nissan & Qantas Airways and has 90 alliances with technology leaders around the world. However, lack of skilled manpower & high attrition levels pose a challenge and it would be an acid test for Satyam to prove itself to those who swear by its “enterprise”ing excellence.
For complete IIPM article click here
Source:- IIPM Editorial
Visit also:- IIPM Publication, Business & Economy & Arindam Chaudhuri Initiative
