Satyam looks at future expansion

By agencies   |   Tuesday, 22 August 2006, 07:00 Hrs
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HYDERABAD: Satyam Computer Services Ltd is planning an expansion across several cities. The announcement came at the company's 19th annual general meeting, where B. Ramalinga Raju, the Founder and Chairman of Satyam said the company has charted out a growth path that seeks to build on innovation and collaborative leadership during his address to the shareholders.

The capital expenditure could increase from $75 million to $100 million this year as the Chief Financial Officer, V. Srinivas said the company would acquire about 230 acres across various locations. The company has acquired a 50-acre site in Chennai, about 180 acres more in four other locations including Hyderabad, Visakhapatnam, Nagpur and is poised to end this financial year with a headcount of 36,000-plus people.

On the acquisitions, Srinivas said the focus would be on smaller boutique companies with specialized skills. Other geographies seem to be playing a big role in the company’s account as the percentage of business from the US has seen a decline from its previous 85 percent to the current 64 percent.

The company has about 150,000 individual shareholders and the returns on their investments have been phenomenal. For an investor who has invested about Rs 1 lakh in 1994, the shares are worth a whopping Rs 8 crore today.

The customer base in the last three years has increased from 55 to 144 in customers with $1 million and above, 20 to 51 in those with $5 million and above and 9 to 22 in $10 million and above.

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