MAHINDRA-SATYAM SATYAM COMPUTER SERVICE LTD

Partner Summary Satyam Computer Services (Mahindra Satyam) (NYSE: SAY) is a leading global business and information technology services company that leverages deep industry and functional expertise, leading technology practices, and an advanced, global delivery model to help clients transform their highest-value business processes and improve their business performance. The company's professionals excel in enterprise solutions, supply chain management, client relationship management, business intelligence, business process quality, engineering and product lifecycle management, and infrastructure services, among other key capabilities. Mahindra Satyam is part of the $6.3 billion Mahindra Group, a global industrial conglomerate and one of the top 10 industrial firms based in India. The Groups interests span financial services, automotive products, trade, retail and logistics, information technology and infrastructure development. Mahindra Satyam development and delivery centers in the US, Canada, Brazil, the UK, Hungary, Egypt, UAE, India, China, Malaysia, Singapore, and Australia serve numerous clients, including many Fortune 500 organizations. Satyam is a Global Oracle Certified Advantage Partner and System integrator. Satyam's Oracle Practice leverages Oracle's leadership across the breadth of enterprise applications and provides accelerated business transformation solution for customers. Satyam's Oracle expertise covers Oracle, PeopleSoft, JD Edwards, Siebel, Oracle Retail, Glog, DMantra, Hyperion, Fusion Middleware, Oracle DBA and Technology and has a global network of more than 5,500 professionals uniquely qualified to provide implementation, upgrade, and application outsourcing solutions across Oracle's suite of products and technologies. Partner Profile Airlines xPressTM Solution Banking xPressTM Solution Telco xPress TM Solution Retail Solution

Student Administration Solution CRM for Lifesciences Solution CRM Horizontal Solution Clinical Development Solution Customers and Dealers Management Solution for Automotive Shop-Floor to Top-Floor Automation Solution Industry Specific BI and Analytics Solution Transporation Management Solution Unified and Multi-Channel Acces Solution Security and Identity Management Solution Enterprise Content Management Solution Business Process Management and Integration Solution Partner Information Specializations:

Oracle E-Business Suite Financial Management Oracle E-Business Suite Supply Chain Management PeopleSoft Human Capital Management Oracle Database Service Oriented Architecture Oracle Solaris Systems Integrator (SI) Systems Integrator (SI) Systems Integrator (SI) Yes Platinum India India Public 1987

Partner Category/Type: Secondary Category: Tertiary Category: Sell to Small and Medium Business (SMB)?: Partner Membership Level: Partner Membership Location: Main Office (HQ) Location: Public or Private Company: Year Company Founded:

MAHINDRA
HISTORY

Founded in 1945 as a steel trading company, we entered automotive

manufacturing in 1947 to bring the iconic Willys Jeep onto Indian roads. Over the years, weve diversified into many new businesses in order to better meet the needs of our customers. We follow a unique business model of creating empowered companies that enjoy the best of entrepreneurial independence and Group-wide synergies. This principle has led our growth into a US $11.1 billion multinational group with more than 117,000 employees in over 100 countries across the globe.

Today, our operations span 17 key industries that form the foundation of every modern economy: aerospace, aftermarket, agribusiness, automotive, components, consulting services, defense, energy, farm equipment, finance and insurance, industrial equipment, information technology, leisure and hospitality, logistics, real estate, retail, and two wheelers.

Our federated structure enables each business to chart its own future and simultaneously leverage synergies across the entire Groups competencies. In this way, the diversity of our expertise allows us to bring our customers the best in many fields

Mahindra satyam history

We are Mahindra Satyam (OTC: SAYCY), a leading information, communications and technology (ICT) company providing top-class business consulting, information technology and communication services. Leveraging deep industry and functional expertise, leading technology practices and a global delivery model, we enable companies achieve their business goals and transformation objectives. We are powered by a pool of talented IT and consulting professionals across

enterprise solutions, client relationship management, business intelligence, business process quality, operations management, engineering solutions, digital convergence, product lifecycle management, and infrastructure management services, among other capabilities. Our development and delivery centers in the US, Canada, Brazil, the UK, Hungary, Egypt, UAE, India, China, Malaysia, Singapore and Australia serve numerous clients, including several Fortune 500 companies. We are part of the $11.1 billion Mahindra Group, a global industrial federation of companies and one of the top 10 business houses based in India. The Groups interests span automotive products, aviation, components, farm equipment, financial services, hospitality, information technology, logistics, real estate and retail. Our Vision To be the worlds most valued ICT Company

Companys Philosophy Mahindra Satyam defines its stakeholders as its Customers, Associates, Investors and the Society at large. At the core of the Companys philosophy lies its focus on customer centricity and the goal of ensuring stakeholder delight at all times through innovative solutions and services, thereby fulfilling the role of a responsible service provider, committed to best practices. The Company understands that in order to realize this vision and become a global top-tier consulting and technology services company, it needs to achieve industry leading benchmarks in corporate governance, delivery excellence and employee satisfaction. The Board is responsible for setting the strategic objectives for the Management and ensuring that stakeholders longterm interests are served. The Management in turn is responsible for establishing and implementing policies, procedures and systems to enhance the long-term value of the Company and delight all its stakeholders. The vision of Mahindra Satyam is - To be the worlds most valued ICT company. Value to the Company is not just shareholder value. It is the intrinsic goodwill and respect that the Company earns from the various stakeholders associated with the Company. The Company aims to enable global businesses become more effective through a combination of its IT, Communication and Engineering and BPO services all tenets of sustainable ICT - Information, Communication and Technology.

Our Partners include:

Two of the world's top five pharmaceutical companies One of the largest telecommunications companies in the world A global leader in geospatial services A leading publisher of scientific, technical and health publications One of the world's largest integrated energy companies A leading player in the services space in India

Mahindra Satyam

Public Type BSE: 500376 Pink Sheets: SAYCY

IT Services Industry IT consulting Software services

Founded

1987

Headquarters

Hyderabad[1], India

Key people

Vineet Nayyar (Chairman) C.P. Gurnani (CEO) $1.217 billion (2010)[2]

Revenue

Profit

(27.5 million) (2010)[3]

Owner(s)

Mahindra Group

Employees

28,000 (2010)[4]

Website

Mahindrasatyam.com

Mahindra Satyam-Tech Mahindra merger put on hold

HYDERABAD: The process of Mahindra Satyam's merger with parent firm Tech Mahindra has been put on hold in view of the ongoing investigations into Satyam fraud case by various agencies, said a senior official Monday. Mahindra Satyam chief executive officer C.P. Gurnani told a news conference here that the merger required the approval of some of the agencies involved in the investigations. He, however, said there was no legal provision to put the process on hold. Mahindra Satyam chairman Vineet Nayyar said the two companies stand by their decision to merge. "After Tech Mahindra acquired Satyam, we announced our intention to merge. The intention remains, but when we would trigger this has not yet been decided," he said. Nayyar dismissed as reports that Mahindra Satyam was trying for an out of court settlement of class action suits in the US. The company faces the action suits for alleged violations of the US federal securities laws by Satyam Computer Services, which Tech Mahindra acquired in April 2009, a few months after Satyam was rattled by India's biggest corporate fraud. He said the legal challenges the company faced were more or less resolved. "We had some issues with US Securities and Exchange Commission and I think they are also more or less resolved," Nayyar said. "On most of the legal cases we have made progress and we also continue to make progress in compliance with various regulators around the world. As a result, there are a few challenges in governance, finance, accounts and legal areas and most of them have been brought in containable and manageable mode," he added. Nayyar also clarified that Mahindra Satyam had no relationship with Maytas, an infrastructure firm owned by the family members of Satyam's founder B. Ramalinga Raju.

"We have no relationship with Maytas other than the co-ownership between the founders of Maytas and Satyam," he said.

Sponsored:
Mahindra Satyam is the first Indian company to join FIFA as the Official IT Services Provider for the 2010 FIFA World Cup, South Africa. Mahindra Satyam was entrusted with the responsibility of developing the core IT event management system for FIFA and the Local Organizing Committee of South Africa. As part of this partnership, Mahindra Satyam developed the Event Management Solutions system with various software modules focusing on specific areas such as Accreditation, Transportation, Volunteer Management and Space & Material

Principles:

Involving People: Volunteers, Community, Civilians, NGOs and Government Applying Knowledge: Leveraging the core competencies of Satyam Technology, Process and Managerial competency Making Things Happen: All initiatives are outcome-oriented, scalability driven and capable of execution Awards and accolades such as the Business World-FICCI-SEDF 2006 award for Best Corporate Citizenand the TERI Corporate Award 2006-2007, stand testimony to our commitment to make a positive difference to the society. The Foundation has chapters in Hyderabad (Head Quarters), Bengaluru, Bhubaneswar and Chennai. The Foundation focuses its activities in the core areas of Education, Livelihoods, Health (Blood Donation Camps),

Empowering Persons with Disability, and Disaster Management

managment

CONCLUSION
The merger of Tech Mahindra & Satyam definitely proved to be a beneficial deal for both the companies as they saved time andbrand. Due to the financial status of Satyam, Mahindra was able to take over the majority stakes of Satyam and take over the company. money by just creating a new but reliable brand. Creating a totally new entity would have been much more difficult because it is much more difficult to establish a successful brand name. As both the companies have a good image in the market it was a better option to merge both the companies and create a new

The Merger (Tech Mahindra & Satyam)

Mahindra Group Company has approached Satyam Computer Services, Indias fourth-largest IT services company, for a cashless merger, according to reports. The merger between Tech Mahindra and Satyam, formed the third-largest IT company in the country. Tech Mahindra Ltd. (TechM) formerly known as Mahindra British Telecom (MBT) is a joint venture between Mahindra & Mahindra Limited (M&M) and British Telecommunications plc (BT), UK with M&M holding 44% and BT holding 39% of the equity. Tech Mahindra has its headquarters at Pune, India. Tech Mahindra has grown rapidly to become the 6th largest software exporter in India (Nasscom, 2007) and 2nd largest Telecom Software Provider in India (Voice & Data, 2007). It has more than 24,000 employees The company had created a special purpose vehicle to acquire Satyam, which some analysts had felt was done to ring-fence itself from any negative fallout of the acquisition. For instance, J.R. Varma of the Indian Institute of Management, Ahmedabad, had blogged around the time of the acquisition, If Satyams liabilities turn out to be larger than the cash and other assets,

Tech Mahindra can walk away and put Satyam into bankruptcy. If the liabilities turn out to be small, then Tech Mahindra can merge Satyam into itself and absorb the surplus assets. With the company already merged, one is tempted to think that the managements assessment of the net worth of the company has enhanced. This view is supported by another statement by the company that client attrition has practically stopped since the time of the acquisition. Besides, the companys open offer for 20% of Satyams capital is unlikely to get any response. As a result, Tech Mahindra has subscribed to a fresh issue of shares and Satyam will end up with Rs.2,900 crore in cash (including the initial investment for a 31% stake). Currently, theres cash sitting in Satyams books, which has effectively been funded by debt on Tech Mahindras books. In the event of a merger, the cash can be used to pay back the debt. It must be noted here that Tech Mahindra is making an attempt to reduce its reliance on debt through a planned QIP (qualified institutional placement) of about Rs.1,000 cr.

On April 13th 2009 Tech Mahindra took over major stakes of Satyam and finally on June 21st 2009 a new brand Mahindra Satyam was launched