Satyam Computer Services by its new owner Tech Mahindra (TechM) has been officially unveiled. The new brand, Mahindra Satyam, is a hybrid brand drawing on both Satyam and Tech Mahindra, and will be shown to a select audience initially. The $6.3-billion, diversified Mahindra Group is the new owner of Satyam, in which it bought majority 31 per cent stake for Rs 1,756 crore in April. “This is a significant milestone towards the recovery of the company (Satyam). We are optimistic that this new brand will re-energise the organisation and be well received by all our stakeholders. With this initiative, we will witness steps by the management to adopt and inculcate the values of ‘performance and customer first’, ‘good corporate governance and citizenship’, which are drawn from the Mahindra Group. With this synergistic approach, Mahindra Satyam will learn from the best management practices of the Mahindra Group, while focusing on nurturing Satyam’s innate skills and capabilities,” said Vineet Nayyar, executive vice-chairman on the Satyam board. The new brand will convey the synergies of Satyam, well-known for its expertise in areas such as enterprise resource planning (ERP), M&M group’s global brand and corporate governance and Tech Mahindra’s strength in telecom. Satyam on Friday said it had called back around 400 employees who were asked to sit on the virtual bench.
source : http://ub-news.com/news/satyam-computer-is-now-mahindra-satyam/2851.html
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