Mahindra Satyam adds 32 customers in 4 months
16 Sep 2009
Mahindra Satyam Ltd, the new avatar of scam-hit Satyam Computer Services, said on Tuesday that it has added 32 customers in the last four months, and that some large clients are returning to the company.
"Some of the large clients we had lost earlier are coming back and are reassigning new business," Atul Kunwar, the company's president for the Middle East, Europe, India and Asia Pacific, said on the sidelines of an industry conference in Kolkata.
"We have registered 32 new logos, which means new customers, since May in the USA, Asia-Pacific, and in other geographies. We are looking at strengthening operations in the countries where we currently operate, including Africa, India, West Asia and the APAC region. We are also reworking our strategy in China and Japan. Currently, restatement of accounts is on at the board level," Kunwar said.
The company currently has about 420 clients, compared with 480 in January before it was left battling for survival after Satyam's founder revealed India's biggest corporate fraud. Satyam was acquired by Tech Mahindra, part of the Mahindra group, in an auction in April and subsequently renamed.
The number of employees the company has on reserve has come down to 7,000 from 8,500 in July, Kunwar said. "With the business improving and new deals coming in, we have slowly started taking in employees from the virtual pool, he added.
We have recovered 10-15 of Satyam's largest clients since May this year, he said. "What clients are looking for now is corporate governance and transparency."
