Mahindra Satyam .
Acquired by Mahindra in 2009 post the Satyam scam, it was renamed as Mahindra Satyam. For the September quarter of 2011, it reported a 10 fold increase in earnings signalling a positive outlook for the company.
Editor's Note: Last week, we carried excerpts from the forthcoming new book'The Resurgence of Satyam - The Global IT giant, (Random House India, Random House Publishers India Private Limited) by Zafar Anjum. That excerpt told the story of the frenzied Sunday when it all began. On 7 January 2009, Satyam's founder and chairman admitted to cooking the books of his own company to the tune of $1 billion. The news stuns the corporate sector. After all, at that time,Satyamcounted 185 of the Fortune 500 companies as its clients. In April 2009, after a bidding and evaluation process, Venturbay Consultants Private Limited, a 100 percent subsidiary of Tech Mahindra, becomes the new owner of Satyam. In June that year, Satyam is rebranded as Mahindra Satyam. The rest is history.
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