Satyam

Ramalinga Raju Profile Born: September 16, 1954 Achievement: Founder and Chairman of Satyam reckoner emolument Ltd; Chosen as Ernst & youth Entrepreneur of the division for operate in 1999 Ramalinga Raju is one of the pioneers of the Information Technology pains in India. He is the founder and Chairman of Satyam Computer Services Ltd. Ramalinga Raju was born on September 16, 1954 in a family of farmers. He did his B. Com from Andhra Loyola College at Vijayawada and subsequently did his MBA from Ohio University, USA. Ramalinga Raju had a stint at Harvard too. He attended the Owner / President course at Harvard. after returning to India in 1977, Ramalinga Raju moved away from the traditional cultivation bank line and set up a spinning and distort mill named Sri Satyam. . Thereafter he shifted to the real estate business and started a construction company called Satyam Constructions. In 1987, Ramalinga Raju founded Satyam Computer Services along with one of his brothers-in-law, DVS Raju. The company went public in 1992. With the frame 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 five hundred and over 390 multinational corporations.

Ramalinga Raju has won several awards and honors. These include Ernst & Young Entrepreneur of the course of study for Services in 1999, Dataquest IT Man of the yr in 2000, CNBCs Asian Business Leader - Corporate Citizen of the year award in 2002 and E&Y Entrepreneur of the Year Award in 2007. The ever-soaring share prices of Satyam witnessed a sharp descend in December 2008, following a failed acquisition set out involving Maytas, a company owned by Rajus 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 twin of years. The 7,800-crore fraud started with... If you want to get a full essay, distinguish it on our website: Orderessay

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