Tech Mahindra wins Satyam bid
So, Tech Mahindra has done it. It kept saying no-no all the time, and finally Tech Mahindra is the company that has bagged Satyam, the ill-fated Software Giant.
Whatever Raju did has worked out great for Tech M.
Tech Mahindra(formerly Mahindra British Telecom) the software arm of Mahindra & Mahindra Group, ranked 6th in the last NASSCOM rankings, has so far been focussed on the telecom sector only, and has been a pioneer there. Now it is foraying into the big sea with huge infrastructure of Satyam, with the experienced employees which were a strength of the company that made it big, big enough to shake world markets when it went down itself.
This is special for me as I am waiting for my joining with Tech Mahindra, since last September (which was postponed due to the recession and projects getting delayed). This event can change a lot for people like me. Nobody can actually say whether it is going to be good or bad. Now when Tech Mahindra gains control over Satyam it will have to take care of an emancipated beast that once roared the jungles of IT world, but once it gets better it will strengthen Tech M a lot. The number of engineering passouts of 2008 batch waiting for their joining in Satyam are huge in number, while the existing employees of Satyam seek some consolation in this acquisition by Tech M.
All I hope is that people like me get to join their dream jobs soon.
We have waited to long. I hope things turn out good for people at Satyam as well.