In 2 years we can compete with TCS, Infy: Satyam CEO

  |    3 Comments
Printer Print Email Email
In 2 years we can compete with TCS, Infy: Satyam CEO
Hyderabad: Mahindra Satyam, is still facing major operational challenges, said CEO CP Gurnani, who added that the company will take two more years to rejoin the race against erstwhile peers TCS, Infosys and Cognizant. Scam-hit Satyam Computer was taken over by the Mahindras a year ago and renamed as Mahindra Satyam. "At the time of acquisition, we had presented a three-year transformation plan. The company still needs another two years to level out on some scorecards. It has been structurally reorganised to reduce the management layers between the CEO and a trainee engineer from 14 to seven. These changes have happened for transparency, collaboration among teams and for better customer centricity," he said, reports Economic Times. The toughest challenge facing Mahindra Satyam is attrition. Analysts say while the industry average attrition is 13-14 percent, the company's attrition rate could be higher at 30 percent. While there have been some client issues, the firm said it has been able to retain almost all customers post takeover. Mahindra Satyam is, however, hopeful of meeting the financial restatement deadline, slated for June-end. Mahindra Group vice-chairman Anand Mahindra and Tech Mahindra CEO Vineet Nayyar, along with Corporate Affairs Minister Salman Khurshid, were in Hyderabad on Monday to mark the first anniversary of Satyam's takeover by the Mahindras.