Satyam clients have approached us: TC
The country's largest software exporter, TCS, said some Satyam Computer clients have turned to the Tata company on their own, adding it would not approach the clients of the scam-tainted firm.business Updated: Jan 19, 2009 19:02 IST
The country's largest software exporter, TCS, on Monday said some Satyam Computer clients have turned to the Tata company on their own, adding it would not approach the clients of the scam-tainted firm.
"We are not approaching the clients of Satyam pro-actively ... But some of them have approached us on their own," TCS CFO S Mahalingam said in New Delhi on the sidelines of the CII Partnership summit.
According to reports, a US client has terminated its contract with Satyam following the disclosures, citing uncertainty in the company.
It is widely believed that Satyam Computers' clients will migrate to competitors such as Infosys, Tata Consultancy Services (TCS) and Wipro, and according to a broking house report, TCS is likely to gain the most from it because it has the highest number of common clients with the latter.
Mahalingam said Satyam is a one-off incident but enough checks and balances should be there to prevent such occurrences.