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Most Respected IT Companies in India
By siliconindia
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Mahindra Satyam
It is the brand identity of Satyam Computer Services (In 2009, chairmen Raju resigned after publicly announcing his involvement in a massive accounting fraud, owing to which its shares fell 55 percent on the New York Stock Exchange), which was founded in 1987 by B Mahalingam Raju, is headquartered in Hyderabad. It is now a part of the Mahindra Group (one of the top 10 industrial firms based in India). It provides services in the areas of business consulting, information technology and communication services.
According to a study by Dataquest Research, it ranks 17 in the list of IT service providers. It has 31,438 employees and net loss of 
233.3 crore (even though the company got a profit of 245 crores for the July-September quarter of 2010, its outside payments of nearly 570 crores led to a consolidated net loss of 327 crore. Satyam posted a consolidated net profit of 225.2 crore for the quarter ended June 30, 2011.
233.3 crore (even though the company got a profit of 245 crores for the July-September quarter of 2010, its outside payments of nearly 570 crores led to a consolidated net loss of 327 crore. Satyam posted a consolidated net profit of 225.2 crore for the quarter ended June 30, 2011.
