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.

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Sridhar Maturi



Bob Olivier



Sandeep Thawani



Dan Bleakman



Reshma Wad Jain



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 4.6 billion company with 117,200+ professionals across 90 countries, helping over 885 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 (Forbes 2016 list).

We are part of the USD 19 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 tractors, utility vehicles, after-market, information technology and vacation ownership.


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