A year after taking over the former Satyam Computers, the Mahindra Satyam officials say that a lot has changed for good in the internal systems of Satyam, reports CNBC-TV18's Appaji Reddem.
Exactly a year after taking over Satyam, a visibly confident management of Mahindra Satyam says the fundamentals of the company have been changed to ensure better transparency.
CP Gurnani, CEO, Mahindra Satyam, said, "The fundamental change that happened in the organization was that 14 layers of management were reduced to seven layers. That means between CEO to my youngest engineer trainee, there are seven layers. Fundamentally, the structural changes that have happened around a better transparency, more availability of data, better collaboration between teams and essentially what you see is that customer centricity."
Despite legal issues, the firm also ensures that the much awaited re-statement of Satyam accounts will happen in the coming June as scheduled.
Vineet Nayyar, Chairman, Mahindra Satyam, said, "As the schedule goes, we believe, we will be able to meet the timelines."
The Corporate Affairs Minister Salman Khurshid, who had inaugurated Mahindra Satyam's 26 acre SEZ today, said one needs to take law into account before thinking of meeting timelines, especially with regard to the re-statement of Satyam accounts.
Khurshid stated, "There are technical matters that obviously have to be taken into account. Not everything that we wish and desire is possible immediately because we have to take the law into account. There are many other aspects related to recovery and revival of Mahindra Satyam."
Anand Mahindra tells Mahindra Satyam employees that war is over and it's time to dance. But it's definitely a tough road ahead for Mahindra Satyam as several of documents required to re-state the accounts are still locked up with the Central Bureau of Investigation. And the lawsuits by the US Securities and Exchange Commission are expected to be one of the major troubles for the company.
No comments:
Post a Comment