Tech mahindra
Tech mahindra

Appointment of Venturbay Nominees to the Board of Directors of Satyam Effective

New Delhi, 27 May 2009: Satyam Computer Services Ltd. (NYSE: SAY; BSE: SATYAM; NSE: SATYAMCOMP) (the “Company”), announced today that the appointment of the four nominee directors of Venturbay Consultants Private Limited, Mr. Vineet Nayyar, Mr. C.P. Gurnani, Mr. Sanjay Kalra and Mr. Ulhas N. Yargop (collectively, the “Venturbay Directors”) to the board of directors of the Company (the "Board") would be effective as of May 27, 2009. Accordingly, the Board now comprises ten directors, including six directors appointed in January by the Central Government pursuant to the orders of the Hon'ble Company Law Board.

The Company had previously announced on May 22, 2009 that the appointment of the Venturbay Directors to the Board would be effective as of June 1, 2009. However, the Board has now decided to advance the effective date of their appointment to May 27, 2009.

Mr. Vineet Nayyar has been designated as whole time director of the Company effective as of June 1, 2009.

Satyam Contacts:

For clarifications, write to us at MediaRelations@Satyam.com Or contact our global Satyam PR representatives at:

India

Sridhar Maturi

Sridhar_Maturi@Satyam.com

+91-984-901-7000

US

Bob Olivier

Robert_Olivier@satyam.com

+1-301-654-0535

Europe

Sandeep Thawani

Sandeep_Thawani@Satyam.com

+44-783-010-3838

Asia-Pacific

Dan Bleakman

Dan@howorth.com.au

+61-439-408-484

 

Reshma Wad Jain

Reshma@wer1.net

+65-98-140-507

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Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise™. We are a USD 4.4 billion company with 117,600+ professionals across 90 countries, helping over 840 global customers including Fortune 500 companies. Our convergent, digital, design experiences, innovation platforms and reusable assets connect across a number of technologies to deliver tangible business value and experiences to our stakeholders. Tech Mahindra is amongst the Fab 50 companies in Asia as per Forbes 2016 list.

The Mahindra Group is a USD 19 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It has a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company, by volume. It also enjoys a strong presence in agribusiness, components, commercial vehicles, consulting services, energy, industrial equipment, logistics, real estate, steel, aerospace, defence and two wheelers. Headquartered in India, Mahindra employs over 200,000 people across 100 countries.

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