satyam scandal presentation
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DEEPAK MITTAL DHeeRAJ SINGLA MANOJ JANGIR SHASHI KANT
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Transcript of satyam scandal presentation
DEEPAK MITTAL DHeeRAJ SINGLA
MANOJ JANGIR SHASHI KANT
OM SAI RAM
OM SAI RAM
OM SAI RAM
MANAGING DIRECTOR
EX MANAGING DIRECTOR
RAMALINGA RAJU
NEW VICE CHAIRMEN & MANAGING DIRECTOR
ANAND MAHINDRA
CEO
C.P. Gurnani Board Members
Vineet Nayyar C. Achuthan T.N. Manoharan C.P. Gurnani Sanjay Kalra
ORGANISATIONAL STRUCTURE
SATYAM
INTRODUCTION
LISTED
NETWORK
EMPLOYEES
ACHIVEMENTS
DEVELOPMENT CENTRES
ALLIANCESSATYAM
WHY SATYAM GOES DOWN WHY SATYAM IS IN SCANDAL?Satyam Computers had on December 16, 2008, announced that it will acquire two group firms - Maytas properties and Maytas Infrastructure
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 deal is not profitable for investors .So after this announcement they started to raise their voices against the dealThe 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
SATYAM
SCANDAL
SATYAM
CURRRENT ASSETS
LIABILITIES
ACTUAL DEBT WAS 2161OVERSTATED 490 CR.
ACTUAL CASH IN
BANK WAS 321
INFLATED 5040 CR.NO ACCRUED
INTEREST 376.34 CR.
UNDERSTATED LIABILITY 1230 Cr.
Which was ARRANGED BY MR.RAJU
5040+376+1230+490= 7136CRORE
ON 30 SEPTEMBER 2008
SATYAM
PRICE WATER HOUSE COOPERS
SATYAM
SATYAM’S AUDITORS
THE SEBI
SATYAM
The Sebi had in December given a clean chit to Satyam in the probe on violation of corporate governance law.
If the auditors were conned, it means that either the bank statement and certificates were forgedSatyam's banks – ICICI Bank, HDFC Bank, Bank of Baroda, etc
SATYAM
THE BANKER’S
Ø Tech Mahindra is paying Rs1757 crorefor a 31% stake in the company, or Rs 58per share.
Ø Satyam Computer Services has now zoomed 15% to Rs 54.20 ahead of theannouncement of the highest bidder forthe company on April 13, 2009.
Ø In India this moment was full of praisefor the manner and speed with which thereconstituted board of Satyam ComputerServices found a strategic investor .
SATYAM
Tech Mahindra wins bid for Satyam Scam
DON’T TRY THIS AT OWN
mahindra
SATYAM
