Atul Kunwar in exit mode, a jolt to Mahindra Satyam

Mumbai: Technology major Mahindra Satyam’s efforts to get back to shape have suffered a setback after a top executive put in his papers. Atul Kunwar, who is looking after global sales, has resigned from his post. He was earlier responsible for mergers and acquisitions at Tech Mahindra before he was given the current assignment at Satyam.

It’s not still clear why he is moving out. But two people who track the company have let it out that he is keen on exploring opportunities outside the Mahindra Group.

[caption id=“attachment_97750” align=“alignleft” width=“380” caption=“His exit comes at a time when the company is pushing hard to woo back customers and catch up on the margin front. Reuters”]  [/caption]

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His exit comes at a time when the company is pushing hard to woo back customers and catch up on the margin front. It’s also keen to get back to its old growth rate before promoter Ramalinga Raju confessed to an accounting fraud that sent shockwaves across the market.

Kunwar had joined Tech Mahindra from the Birla Group where he was heading its BPO vertical. The Birla Group had acquired Canadian BPO firm, Minacs, when he was heading the team.

The US accounts for only about half of Satyam’s revenue compared to 70% for most industry peers. Similarly, revenue from the financial services industry, the largest spender on IT, has come down to about 18% compared to about 40% for most IT firms.

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