Business Standard
Tuesday, Nov 24, 2009
 
drived banner
drived banner
  Advanced Search
Feedback | RSS
Content Guide
Follow us on  
||||||||Tech World| 
 Section Home | News Now | Features & Analysis | IT/ITES | Telecom | Hardware | Columnists | Gadgets & Gizmos
Home > ICE World Live Markets | Smart Portfolios II
  Search:

Mahindra Satyam to reposition itself as ICT firm
Press Trust of India / New Delhi November 10, 2009, 15:12 IST

Moving away from the shadow of Satyam scam, software exporter Mahindra Satyam today said the company would be repositioned as a complete Information and Communications Technology (ICT) firm from just an IT outsourcing player.

 
 
Related Stories
News Now
-Mahindra Satyam gains 4%
-Have a windfall, use it wisely
-Hari Narayanan to head Satyam's biz dev in Japan
-Mahindra Satyam ties up with defence firm Saab
-Mahindra Satyam partners with Saab for defence solutions
-Mahindra Satyam appoints Vadrevu for strategic initiatives

Tech Mahindra bought Satyam in April and encouraged by the addition of 35 new clients is focusing on expanding service horizons by investing in building new technologies.

"We plan to position Mahindra Satyam as an ICT firm. The focus is on converting an IT company to ICT company," Mahindra Satyam Chief Executive Officer CP Gurnani told PTI.

The company is focusing on new areas like digital convergence, as it continues to strengthen its five verticals -- manufacturing, financial, health care, retail and consumer product, he said.

"We are looking at overall growth in digital convergence. That is a focus area. We will also be focusing on mobile applications," Gurnani said, adding "I am taking advantage of our presence in connected solutions, in enterprise solution, in mobility and coming up with new paradigm shift."

On new business additions, he said the company is seeing an uptake in demand and has added 35 new clients from May this year.

"The worst is behind us and we are back on the path to recovery... Mahindra satyam is getting traction in the market and getting new clients. We have added 35 new clients since May this year... We are seeing good demand from clients. The overall IT market is also improving."

Gurnani said only a few former Satyam clients, who walked away from the compay after it was hit by the scam early this year have returned, although new clients are coming on board.

He said the company was in talks with one of its old clients, the World Bank, to lift the ban imposed on awarding contracts to Satyam after the scam as the company has now been bought by Tech Mahindra and has a new management.

"We are in active dialogue with the World Bank for revoking the eight-year ban imposed by it," Gurnani said.

Till January Satyam had about 500 clients, but the number dwindled to 380 by the time Tech Mahindra won the bid to take it over.

Arrow Other Stories     
- Sensex ends up 130pts
- Govt mulls to raise spectrum charges from next year
- NTPC seeks govt help to ensure RIL gas supply
- Kaya to invest Rs 100 cr on expansion
- Govt to do away with lock-in period for FDI in realty
More  
  Read Business news in 
  Get financial advisory and solutions for your projects
  Holidays starting at a delightful EMI of Rs 3481
  Switch on and say hello to Monday morning !
  Your dream home can now be a reality.
  Visit Fortis for a preventive health check-up & get a 20% discount.
  Follow the ups and downs of your investments. Try our new Portfolio Tracker
  Kolkata Dock \ Freight contract for the British Gurkhas Nepal
  Find how Midsize Businesses use ERP to gain competitive advantage
  Trading in Forex is now as easy as 1-2-3
  Discover an economical and cost effective way to market your products and services
  Giftwithlove.com: Same day delivery of Flowers and Cakes to India
  Download the E-book on the Future of Business Intelligence
  Learn Best Practices for improving customer satisfaction
  Know your customers better... download the free e-book on CRM
Share this Story  
 
 
   Discussion Board / User Comments    
Display Name  Email-Id  
Post your comment
Most Popular
Read
E-Mailed
Commented
   
- Mittal plans 6 mt plant in Karnataka
- LSE cancels automatic trades in RIL depository receipts
- AP government to abide by court orders on mining
- Lyondell debt a concern
- Sebi notice to RIL, seeks to bar firm from capital mkt
 
 More  
BS Poll
Cast Your Vote
 
   
 
Should educational institutions be allowed to approach the capital market?
  Yes  No
Submit

  Hot Searches  
 
Amitabh Bachchan | N Chandrasekaran | Swine Flu | Mukesh Ambani | Anil Ambani | TCS | Infosys |  Air India |  Duronto |  Pranab Mukherjee | Sonia Gandhi | Congress | Rahul Gandhi |  Bigg Boss |  New Pension Scheme |  Service tax |  Excise duty |  Sebi | Tech Mahindra |  Ramalinga Raju |  Satyam |  Reliance  |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  |  B-School | DLF  Sensex |  Tax calculator | Home Loan  | Bollywood | Personal Finance |  inflation | oil prices |  World Bank | Reliance Infratel |  HDFC |  Barack Obama  
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Site Map | Contact Us | Feedback