Congratulations to Mahindra Satyam for being able to wade through the mess and get the numbers for 2009 and 2010 released. This is a great step forward for a wounded company that has worked hard to rebuild itself. We feature many of the leadership practices implemented to get Satyam through the turbulent times in Riding the Tiger: Leading Through Learning in Turbulent Times.
See Economic Times New video:
We are happy for their ability to pull through, and especially believe the way the people reacted, responded and courageously led through those darkest of times was inspriring. However, we are concerned about the message delisting from the NYSE sends to investors and customers in the US in particular because such a large amount of their revenue comes from there. What is Mahindra Satyam’s plan for the U.S. investors who are now let in limbo?
Read more at:
Wall Street Journal – FY 10 Satyam Not out of the Woods Yet
Economic Times –Mahindra Satyam Should be Higher in next 12-18 months
India’s fraud-hit Satyam posts loss but is on the mend
Business Week — Fraud-Hit Satyam Narrows Loss After Mahindra Purchase
Economic Times — Mahindra Satyam Board approves delisting from NYSE