Mahindra Satyam resumes recruitment for first time since scam

Nearly 20 months after a freeze on hiring in the wake of the Rs14,000 crore accounting fraud at Satyam Computer Services, the company - now known as Mahindra Satyam since its takeover by the Mahindra Group - is visiting IT campuses around the country to recruit 3,000 fresh graduates.

This is first time that Mahindra Satyam will visit campuses to hire talent after the Satyam Computer scam erupted in January 2009, when its founder B Ramalinga Raju admitted the fraud. The company had to freeze campus hiring after this left it on the brink of collapse.

"We are going to recruit close to 3,000 entry-level associates and at the same time, we will look at hiring across various technologies and competencies. We will visit campuses and begin the process from the next month," said Mahindra Satyam head of recruitment M V Sridhar.

At present, the company employs about 30,000 people. In April, 2009, Mahindra Group's IT arm, Tech Mahindra acquired a majority stake in Satyam and rebranded it as Mahindra Satyam. "With the brand Mahindra Satyam winning back clients and getting repeat business from existing clients, we think this is the right time to visit the campuses and hire talents," Sridhar said.

Working with renewed vigour under trying circumstances, Mahindra Satyam has secured nearly 35 new clients over the last 20 months since the Satyam scam broke out, the company said.

Mahindra Satyam has secured an extension of contracts with existing clients such as GE and GlaxoSmithKline. It has also worked on projects including the Fifa World Cup. Mahindra Satyam was the 2010 FIFA World Cup official IT services provider.