New Satyam CEO assures enterprises about company's future

In his first overseas trip to reinforce company's commitment to a critical region, Satyam Computer Services' newly appointed chief executive officer A.S. Murty assured customers of his company's services.

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In his first overseas trip to reinforce company's commitment to a critical region, Satyam Computer Services' newly appointed chief executive officer A.S. Murty assured customers of his company's services.

"It's business as usual at Satyam," he said while meeting staff, customers and government officials on Tuesday, 3 March.

Murty's address follows reports that the Indian government is preparing Satyam for sale, as the firm at the centre of India's biggest corporate scandal strives to stabilise its business.

Corporate affairs minister Prem Chand Gupta told reporters in New Delhi on Tuesday rules for the sale of the fraud-hit outsourcer should be ready within the next 10 to 15 days.

Murty was appointed CEO of Satyam on 5 February 2009. The appointment followed the confusion and controversy surrounding Satyam's financial crisis early January this year after its founder B. Ramalinga Raju said the company's profits had been overstated for several years.

According to a Satyam representative, Murty's trip underscored the company's ongoing commitment to Singapore, headquarters for its 'Rest of the World' (RoW) operations, which include Asia Pacific, the Middle East, India and Africa. Singapore plays a key role in Satyam's stabilisation efforts, said Murty, "because it is the nerve centre of our efforts to grow our business in this critical region."

Murty also used his two-day visit to address key considerations about Satyam's operational and financial aspects, said the representative.

"Satyam's foundation in Singapore and the RoW region is still quite strong," Murty said. "Our customer base remains intact and all of our clients have chosen to stand by us during these challenging times. And, since the beginning of 2009, we have seen a record level of new contracts in the region, which shows the confidence our customers and the industry continue to have in us."

Satyam was one of the first major Indian IT companies to establish operations in Singapore. It founded its Global Innovation Hub here. Also, Singapore is the site of Satyam's Global Business Continuity and Disaster Recovery Centre, the only one of its kind outside the company's global headquarters in Hyderabad.

"Satyam has a promising future," said Murty. "We have a world-class roster of clients with whom we enjoy remarkably strong relationships. We have deep industry knowledge and technological and process competencies and our new Board represents some of the best management talent available. Under these circumstances, employee morale continues to be high as we work together to emerge out of this period," he said.

The company representative said that Satyam's Singapore operations have grown rapidly since senior vice president Virender Aggarwal launched the company's efforts in 2000. Recently, the team moved into a 2,787 square metre office in Changi Business Park.