Tech mahindra
Tech mahindra

Letter from Price Waterhouse to the Satyam Board

Hyderabad, INDIA, January 14, 2009: Satyam Computer Services Ltd. (NYSE:SAY) announced today that its Board of Directors received on January 13, 2009 a letter from Satyam’s statutory auditors, Price Waterhouse, stating that Price Waterhouse performed audits of Satyam from the quarter ended June 30, 2000 until the quarter ended September 30, 2008 (the “Audit Period”), and notifying the Board that in view of the contents of the resignation letter of B. Ramalinga Raju, former Chairman of Board of Directors of Satyam, Price Waterhouse’s audit reports and opinions in relation to Satyam’s financial statements for the Audit Period should no longer be relied upon.

Satyam Contacts:

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Deepa Jayaraman

Ajith Henry

Melissa Baratta 
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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 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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