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Know the five facts about Satyam

# India’s No.4 software services exporter was founded in 1987 by Chairman B. Ramalinga Raju, who was born into a family of farmers and is a Management graduate from Ohio University.

# Satyam debuted on the Indian markets in 1991, followed by a listing in New York in 2001. Last year, it launched a secondary listing on Euronext Amsterdam under NYSE Euronext’s new “fast path” process for cross-listings in New York and Europe.

# Satyam, whose clients include General Electric, Nestle, Qantas and Fujitsu, specialises in business software, and offers back-office outsourcing and consulting services.

# In the year to end-March 2008, Satyam posted a 46.3 percent rise in revenue to $2.1 billion under U.S. accounting standards, while net income rose 39.7 percent to $417 million. In October, it said revenue in the year to end-March 2009 would rise 19-21 percent to $2.55-$2.59 billion.

# Satyam, based in Hyderabad, had 52,865 employees at end-September. It competes for outsourcing deals with local rivals Tata Consultancy Services and Infosys Technologies as well as global majors such as IBM and Accenture.

Courtesy : HindustanTimes