Naandi Foundation

Satyam: All's well that ends well

In Q2, our revenue increased ... on the back of a 4-percent volume growth and depreciating rupee against the dollar of the United States ... We believe that these factors will also improve the performance of annual margin ... I want to emphasize that Satyam is leaving no stone unturned in our efforts to create a solid foundation for our future.

Note to Investors at B. Ramalinga Raju, founder and chairman, Satyam Computer Services, when reporting the results of the Company for the quarter ended September 2008

The balance sheet is as of September 30, 2008 inflated (no) cash and bank balances ... The discrepancy in the results arose only because of increased profit for a period of several years (limited only to self Satyam ...)

Note B. Ramalinga Raju on the board of directors of Satyam dated January 7, 2009

About Ramalinga Raju B

Byrraju Ramalinga Raju (born September 16, 1954) was the founder of Satyam Computers and was its president until January 7, 2009, when he resigned from the board of directors of Satyam after admitting to fraud to company.

For a man who led India's fourth largest exporter of software more, Mr. Ramalinga Raju was not a showy person.His bungalow in the city of Hyderabad upmarket Banjara Hills is an underwater structure two stories, with parking for no more than three or four cars.

Friends who have dealt with the 54-year president of Satyam Computer Services, for example, it is difficult to know what he thinks behind a calm exterior. He goes for walks in the morning, but rarely appears in swinging parties Hyderabad elite.Behind back, they sometimes refer to him as "the man with the smile of Mona Lisa."

Mr. Raju, a native of Andhra Pradesh in southern India, had a comfortable head start: He has studied abroad, earning a degree in business administration from Ohio State University.

On his return he began his career with forays into construction. Satyam was created in 1987 with 20 employees Raju spotted the opportunity in the code writing outsourcing. He was a member of the Board of Naandi, a nongovernmental organization based in Hyderabad, which operates stellar in providing drinking water in rural areas and the provision of midday meals to more than one million schoolchildren across India. He also heads the Byrraju Foundation, named after his father, and an emergency ambulance service that has been acclaimed worldwide.

About Services Ltd. Satyam Cmputer

"The truth is as old as the hills" Mahatma Gandhi has expressed the opinion, therefore, a company called Satyam (Truth in Sanskrit) inspired confidence, Satyam Computer Services Ltd. was founded in 1987 by B Ramalinga Raju. The company provides information technology (IT) covering various sectors, and is listed on the New York Stock Exhcnage and Euronext.

Satyam's network covers 67 countries on six continents. The company employs 40,000 IT professionals across all development centers in India, U.S., UK, UAE, Canada, Hungary, Singapore, Malaysia, China, Japan, Egypt and Australia It serves more than 654 companies worldwide, 185 of which are Fortune 500 companies. Satyam has the technology and strategic marketing alliances with over 50 companies. Apart from Hyderabad, it has development centers in India to Bangalore, Chennai, Pune, Mumbai, Nagpur, Delhi, Calcutta and Vishakhapatnam Bhubneshwar

Chronology Satyam

Sr.No.

Year

Event

1

1987

Ramalinga Raju Satyam Computer Services Ltd. establishes

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