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Byrraju Ramalinga Raju was born onSeptember 16, 1954 in a family of farmers.

He did his B. Com from AndhraLoyola College at Vijayawada andsubsequently did his MBA fromOhio University, USA.

Ramalinga Raju had a stint atHarvard too. He attended the Owner / President course at Harvard.



He has two brothers and a sister.

Raju is married to Nandini.

They have two sons, Teja Raju and

Rama Raju,

who runs the Hyderabad-based

Maytas Properties and Maytas Infra

and a daughter, Deepti, who is

married.



After returning to India in 1977,Ramalinga Raju moved away from

the traditional agriculture business

and set up a spinning and weaving

mill named Sri Satyam.

Thereafter he shifted to the real

estate business and started a

construction company called Satyam

Constructions. In 1987,



Ramalinga Raju founded SatyamComputer Services along with one of

his brothers-in-law, DVS Raju.

The company went public in 1992.

With the launch of Satyam Infoway

(Sify) Satyam became one of the first

to enter Indian internet service

market.



Ramalinga Raju have promoted andhave been associated with Satyam

for well over twenty years now He

have seen it grow from few people to

53,000 people, with 185 Fortune 500companies as customers and

operations in 66 countries.

Satyam has established an excellent

leadership and competency base at

all levels.



Satyam Maytas Fiasco

Satyam Computers had on December 16,2008, announced that

it will acquire two groupfirms ±

1. Maytas properties and2. Maytas Infra

The BOD of Satyam had approved the founder¶s proposal to buy

51 per cent stake in Maytas Infrastructure and 100 % in

Maytas Properties.



The total outflow for both the acquisitions was expected to be

US$ 1.6 bn comprising of US$ 1.3 bn for the 100% stake in

Maytas Properties and US$ 0.3 bn for the 51% stake in Maytas

Infra.

This is the move that sparked a row over alleged violation of corporate governance laws.

This deal is not profitable for investors .So after this

announcement they started to raise their voices against the deal



Maytas Infra The company is run by the sons of Ramalinga Raju

It was started in the late 1980¶s by Ramalinga Raju

The main reason for the debacle of Maytas Infra is due to the

debacle of Satyam

Maytas Properties Ltd

One of the reasons for the debacle of Maytas properties is the

ongoing economic slowdown The company has huge land banks and the prices have dropped

down in the real estate significantly



WHY HE FAILED????

The promoters decided to inflate the revenue and profit figures

of Satyam. In the event, the company had a huge hole in its

balance

So to fill up this gap««..

Company announced Acquisition of 51% stake in Maytas Infra

and 100% stake in Maytas Properties on 16th Dec 2008 butThe deal was not profitable for investors

Investors dumped Satyam¶s stock and threatened action against

the management. Satyam Computer



This was mainly done to hide the irregularities in the accounts of

Satyam. It is also said the close association with the political

leaders is one of the reasons.



WHAT WENT WRONG?

Simple manipulation of revenues and

earnings To show superiorperformance

Raising fictitious bills for

services that were never rendered.

To increase the Cash &

bank balance

correspondingly. Operating profits were

artificially boosted from

the actual Rs 61 crore to



AND HOW.?????

Its financial statements for years weretotally false, cooked up

and...

Never had Rs 5064 crores (US$ 1.05 Billion) shown as cash for

several years.Its liability was understated by $ 1.23 Billions

The Debtors were overstated by 400 millions plus.

The interest accrued and receivable by



company Chairman Ramalinga Raju resigned after notifying

board members and the Securities and Exchange Board of

India (SEBI) that Satyam's accounts had been falsified



Company Law Board decided to bar the current board of

Satyam from functioning and appoint 10 nominal directors.

"The current board has failed to do what they are supposed to

do. The credibility of the IT industry should not be allowed to

suffer." said Corporate Affairs Minister Prem Chand Gupta.

Chartered accountants regulator ICAI issued show-cause notice

to Satyam's auditor PricewaterhouseCoopers (PwC) on theaccounts fudging. "We have asked PwC to reply within 21

days," ICAI President Ved Jain said.



The government nominated noted banker Deepak Parekh, former NASSCOM chief Kiran Karnik and former SEBI member CAchuthan to Satyam's board.

Merrill Lynch (Now with Bank of America) terminated its

engagement with the company. The New York Stock Exchange has halted trading in Satyam

stock as of 7 January 2009.

India's National Stock Exchange has announced that it willremove Satyam from its S&P CNX Nifty 50-share index on

January 12. The founder of Satyam was arrested two days after he admitted

to falsifying the firm's accounts. Ramalinga Raju is charged withseveral offences, including criminal conspiracy, breach of trust,and forgery.



Price Waterhouse, the Indian division of PricewaterhouseCoopers, announced that its reliance on

potentially false information provided by the management of

Satyam may have rendered its audit reports "inaccurate and

unreliable"



CID told in court that the actual number of employees is only

40,000 and not 53,000 as reported earlier and that Mr. Raju

had been allegedly withdrawing INR 20 crore rupees every

month for paying these 13,000 non-existent employees



the six-member board appointed by the Government of India

named A. S. Murthy as the new CEO of the firm with

immediate effect.

Murthy, an electrical engineer, has been with Satyam since

January 1994 and was heading the Global Delivery Section

before being appointed as CEO of the company.

The two-day-long board meeting also appointed Homi

Khusrokhan (formerly with Tata Chemicals and

Partho Datta, a Chartered Accountant as special advisors



Satyam announces Renewed customer confidence; Wins new business of over USD 250 Mn. in last seven weeks

Company Law Board Authorizes Satyam to Induct Strategic

Investor, Raise Authorized Equity Capital and MakePreferential Allotment of Equity Shares

Order passed by the Hon¶ble Company Law Board dated 19th

of February

Satyam Ranks Eighth in Training Top 125



Satyam Wins Corporate University Xchange Awards Satyam submits letter to SEBI regarding bidding process

Satyam to Implement SAP at Vijay Dairy & Farm Products (P)

Ltd.

Satyam Innovation Garners Progressive Manufacturing Award for Rain CII Carbon

Satyam Announces Outcome of Board Meeting

Satyam Wins Consumer Health World Award for Tele-

Ophthalmology Program Satyam Announces Commencement of Process to Select an

Investor

Satyam receives SEBI approval on bidding process

Satyam¶s New CEO Assures Singapore ³It¶s Business As Usual´



Satyam announces approval from the Federal Cartel Office of

Germany and in-principle approval from BSE and NSE

Satyam receives SEBI approval - Corrigendum

SEBI Clarification dated April 21, 2009

SEBI Letter dated April 20, 2009

Satyam receives SEBI approval

Tech Mahindra issues Public Announcement of the Offer

Euronext Amsterdam approves Satyam¶s application to delist

ADSs from Euronext Amsterdam



Continue Tech Mahindra and Satyam Discuss Transition

Tech Mahindra receives Company Law Board approval

Satyam files application to delist ADSs from Euronext

Amsterdam

Tech Mahindra selected as the Highest Bidder

Satyam Completes Bidding Process

Satyam Collaborates with Pentaho Corporation to offer µon

Demand BI Solutions¶

Satyam Refines Bidding Process



Appointment of Venturbay Nominees to the Board of

Directors of Satyam Effective May 27, 2009

Appointment of Venturbay nominees to the board of directorsof Satyam

Satyam allots shares to Venturbay



Tech Mahindra and Mahindra Satyam strengthen their boards

with executive leadership appointments

Satyam Unveils Its New Brand Identity ± ³Mahindra Satyam´

Satyam receives accolades from American Society for Training

& Development

Satyam initiates Virtual Pool Program to manage surplus staff

Satyam Appoints New Leadership in Australia and New Zealand



Company Law Board Withdraws Four Government-Appointed

Directors from Mahindra Satyam Board

Satyam allots shares to Venturbay

Mahindra Satyam signs a 5 year multi-million dollar SAP

contract with GSK



Achievement: Founder and

Chairman of Satyam Computer

Services Ltd; Chosen as Ernst &

Young Entrepreneur of the Year

for Services in 1999

Ramalinga Raju is one of the

pioneers of the Information

Technology industry in India. He

is the founder and Chairman of Satyam Computer Services Ltd.



Dataquest IT Man of the Year in2000,

CNBC's Asian Business Leader ±

Corporate Citizen of the Year award

in 2002 and

E&Y Entrepreneur of the Year Awardin 2007.



Satyam was the 2008 winner of the coveted Golden Peacock

Award for Corporate Governance under Risk Management and

Compliance Issues, which was stripped from them in the

aftermath of the scandal.



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