Clean records to take 2 more yrs: Mahindra Satyam

Clean records to take 2 more yrs: Mahindra Satyam

Mahindra Group MD Anand Mahindra (left) and Tech Mahindra Chief Executive Vineet Nayyar announcing the commencement of its SEZ at the Mahindra Satyam infocity campus in Hyderabad, on Tuesday. AP

“It is only one year since we took over. Another two years to be completed to level out some of the score cards,” Gurnani said. when asked about the present headcount, margins etand profitability.

“The company had retained 100 per cent of its customers in the past one year. As a part of restructuring process, the 14 management layers in the company have now been reduced to seven,” he said on the sidelines of commencement of Mahindra Satyam IT SEZ, inaugurated by Union Corporate Affairs Minister Salman Khurshid.

Mahindra Satyam Chairman Vineet Nayer said they will stick to June 30-deadline set by Company Law Board to submit the restated accounts. Vice-Chairman & Mahindra Group Managing Director Anand Mahindra said nobody will dispute the fact that why we should not be able to become number one. First, we started with a handicap, we came out of the crisis with a secret weapon, which is mission orientation of Mahindra Satyam.

The SEZ, which is spread across in 26 acres, will have 4,00,000 sq ft built up area. the first phase of the campus will be ready for occupation in six months and will have seating capacity of 5,000 employees.

Meanwhile, the Mahindra Satyam plans to hire 4,000 associates this quarter. At present the company has a headcount of 25,000. Satyam had a headcount of 53,000 in January last year when its founder and Chairman B Ramalinga Raju confessed to Rs 78 billion accounting fraud.

A bulk of 4,000 associates planned to be recruited this quarter would be for SEZ.

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