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The fall of Ramalinga Raju

January 7, 2009

The company currently employs 52,000 IT professionals the world over. It also has the distinction of being the youngest company to exceed the $2-billion revenue mark.

The company offers outsourcing solutions to clients in over 20 industries across 65 countries. Satyam has development and delivery centres in the US, Canada, Brazil, the United Kingdom, Hungary, Egypt, the United Arab Emirates, India, China, Malaysia, Singapore, and Australia.

Important milestones in 2008

Revenue crosses $2-billion mark

Becomes the first company to launch a secondary listing on Euronext Amsterdam under NYSE Euronext's new 'Fast Path' process for cross listings in New York and Europe

Becomes the first company to be invited by the National Stock Exchange (NSE) to ring the opening bell.

In 2007, Satyam acquired UK-based Nitor Global Solutions Limited. It opened a Global Development Center (GDC) in Malaysia.

It also became the first Asian company to feature in the Training Magazine’s list of Top 125 companies for learning. It first crossed the $1 billion in 2006.

Image: Ramalinga Raju, Chairman and Founder, Satyam Computers and Parag Saxena, CEO, Vedanta Capital at Pan Asia Conference in Stanford. | Photograph, courtesy: Stanford University

Also read: World Bank bars Satyam for 8 years
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