Clients standing by Satyam, says interim CEO
Global clients of the beleaguered Satyam Computer Services will engage the scam-tainted IT bellwether for its software services, the company's interim chief executive Ram Mynampati said today.business Updated: Jan 08, 2009 20:15 IST
Global clients of the beleaguered Satyam Computer Services will engage the scam-tainted IT bellwether for its software services, the company's interim chief executive Ram Mynampati said on Thursday.
"We have received support from our key customers. They assured us they will remain with the company in these challenging times. About 100 clients account for about 80 per cent of the revenue," Mynampati said at a press conference in Hyderabad.
Maintaining that neither he nor any of the senior executives were aware of the events that unfolded on Wednesday, Mynampati said client-servicing would continue with transparency to ensure smooth transition.
Satyam founder and chairman B Ramalinga Raju's admission on Wednesday that the software company's accounts had been fudged and falsified has sent shock waves across corporate India and its clients across the world.
"Clients rely on Satyam for mission critical applications. We have reached out to our clients the world over and assured them of maintaining our service support as before," Mynampati said.
Denying media reports that employees were leaving the company, Mynampati said the company did not have any information on this.
"We have also reached out to our 53,000 employees to ensure continuity. They have assured us they will remain with the company. Our aim is to ensure business continuity uninterrupted even during these challenging times," he asserted.
The company is also on the look out for new candidates for board appointments and is in touch with the regulatory and industry bodies to identify prospective candidates.