Tech mahindra
Tech mahindra

Additional Members Appointed to Satyam Board

Hyderabad, INDIA, January 16, 2009: Satyam Computer Services Limited (NYSE: SAY), a global business and information technology services provider, welcomed today the appointment by the Ministry of Corporate Affairs, Government of India, of three additional members to the company’s board of directors.

The newly appointed members are:

  • Mr. T.N. Manoharan, a former president of the Institute of Chartered Accountants of India
  • Mr. Tarun Das of the Confederation of Indian Industry, a leading business association
  • Mr. S Balakrishna Mainak of the Life Insurance Corp. of India.

Satyam welcomes the addition of these distinguished board members, who were selected for their leadership and expertise in industry matters, investments and accounting. As the reorganization of the board of directors proceeds, the company is better positioned to focus solely on ensuring continued service to customers and restoring stakeholder confidence,” the company said.

The appointments bring to six the number of board members named by the Ministry of Corporate Affairs. On January 11, the Ministry had named to the board Mr. Deepak S. Parekh, Chairman of HDFC Bank; Mr. Kiran Karnik, former President of NASSCOM; and Mr. C. Achuthan, Director at the National Stock Exchange, former Member of SEBI, and former Chairman of Securities Appellate Tribunal.

The company stated that it had completed disbursement of the first of two cycles of salary payments of its workforce in the United States for the month of January 2009.

“The addition of these new members to the board of directors signals the beginning of a strong new foundation for Satyam. We embrace the new board members and look forward to working closely with them,” a Satyam spokesperson added.

Satyam Contacts:

For clarifications, write to us at
Or contact our global Satyam PR representatives at:

Deepa Jayaraman

Ajith Henry

Melissa Baratta
+1-212-679-3300 ext. 118

Sandeep Thawani

Dan Bleakman
Reshma Wad Jain

Safe Harbor
This press release contains forward-looking statements within the meaning of section 27A of Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Satyam undertakes no duty to update any forward-looking statements. For a discussion of the risks associated with our business, please see the discussions under the heading “Risk Factors” in our report on Form 6-K concerning the quarter ended September 30, 2008, furnished to the Securities and Exchange Commission on 07 November, 2008, and the other reports filed with the Securities and Exchange Commission from time to time. These filings are available at



Tech Mahindra represents the connected world, offering innovative and customer-centric information technology services and solutions, enabling Enterprises, Associates and the Society to Rise™. We are a USD 4.2 billion company with 107,200+ professionals across 90 countries, helping over 818 global customers including Fortune 500 companies. Our innovation platforms and reusable assets connect across a number of technologies to deliver tangible business value to our stakeholders. Tech Mahindra is also amongst the Fab 50 companies in Asia as per the Forbes 2016 List.

We are part of the USD 17.8 billion Mahindra Group that employs more than 200,000 people in over 100 countries. The Group operates in the key industries that drive economic growth, enjoying a leadership position in tractorsutility vehicles,after-marketinformation technology and vacation ownership.

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