Background
Ramalinga Raju was born on September 16, 1954 in a family of farmers.
Ramalinga Raju was born on September 16, 1954 in a family of farmers.
He attended the President Management Program (OPM) at Harvard Business School.
Satyam Computer Services went public in 1992. With the launch of Satyam Infoway (Sify) Satyam became one of the first to enter Indian internet service market. Today, Satyam has a global presence and serves 44 Fortune 500 and over 390 multinational corporations.
The ever-soaring share prices of Satyam witnessed a sharp decline in December 2008, following a failed acquisition attempt involving Maytas, a company owned by Raju's family. In January 2009, Raju resigned as the Chairman of Satyam after he admitted to major financial wrong-doings. In Januray 2009, Raju confessed of his involvement in inflating the profits of the company for the past couple of years. The 7,800-crore fraud started with an initial cover-up for a poor quarterly performance and assumed massive proportion, with time.
