Beleaguered, tainted, fraud-hit...these are some of the words which were used to describe Satyam (my employer). Satyam scam as Prannoy Roy of NDTV rightly put it was actually a Raju scam. Satyam is a great company. Truth they say has a ring to it. Nothing is farther from truth.

As an employee of the company I am relieved that we have finally found a new owner in Tech Mahindra. I admire Anand Mahindra (Chairman of the Mahindra group) for turning around the company when it was in the dumps a few years back. Launching the Scorpio was a calculated risk which not only restored the company's brand image but also made an impact on the export market.

Taking over of Satyam is just the beginning. The tough challenge lies ahead. There is one positive thing about the whole process. That even though Satyam fraud was a blot on India's corporate image, the redeeming feature has been that the government hasn't nationalized the company and allowed the market forces to dictate the agenda. It did supersede the board but that was quite understandable and the need of the hour.
(Image source:http://ceoworld.biz/ceo/wp-content/uploads/2009/01/satyam-logo.jpg)