SATHYAM COMPUTERS

7/29/2019 SATHYAM COMPUTERS

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Step1:What does the company do?

1987

- On 24th June company was incorporated as a Private Limited Co. for providing SoftwareDevelopment and Consultancy Services to large corporations. The company was promoted by B

Rama Raju and B Ramalinga Raju. The company has set up two software Technology Parks, oneat Mayfair Centre, Secunderabad and other at Qutuballapur of Ranga Reddy Dist. of A.P. Thecompany also developed a software Development center in Bangalore.

- The company is a 100% EOU under the STP scheme of the Dpt. of Electronics Government ofIndia and exports software to USA, Canada, Sweden and Germany etc.

1991

- On 26th August it was converted into a Public Limited Company.

1992

- The Company went in for a Public Issue of Equity shares. The company has set up facilities atSecunderabad, Hyderabad and Bangalore. The Company has created infrastructural facilitiesconsisting of workstations with modern communication and networking equipment.

- Satyam went in for a public issue of equity shares with the main objective of setting up asoftware technology park and a 100 percent export oriented unit for software development with adedicated 64 KBPS satellite link.

1993

- During the year company has entered into a joint venture agreement with Dun & BradstrretCorp., U.S.A. for development of softwares.

1994

- On January 26th a joint venture company called Dun & Bradstreet Satyam Software (P) Ltd.was incorporated.

1995

- During the year company issued 37,17,000 12% unsecured fully convertible debentures part "A"of Rs.100 each on right basis for the shareholders in proportion of 1 FCD for every 5 shares held.The company also issued 37,17,000-12% FCD's-part `B' Rs.60 per debentures in August whichcan be converted into equity shares of Rs.10 each at premium of Rs.50 per share on August

1996.

1996

- During the year Two offices were set up, one in USA and other in Japan. And the company hasadded new business partners in Australia, Canada, Japan and Europe.

- During the year company promoted 4 subsidiaries. Viz Stayam Renaissance Consulting Ltd.,Satyam Enterprise Solutions Pvt. Ltd., Stayam Infoway Pvt. Ltd and Satyam Infoway Pvt. Ltd.


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1997 - During the year company has added additional space in Secunderabad and Bangalore.And new software development centers were opened in Hyderabad, Pune, Chennai andBhubaneswar during the year. The company has established a school at Indian Institute ofInformation Technology at Hyderabad, joining a select band of global corporations like IBM,Microsoft and oracle who are also participating in IIIT's activities.

- Satyam Computer Services Ltd. (SCSL), the Hyderabad-based software company, setting upthree more new software development centres at Chennai, Pune and Bhubaneshwar.

- Satyam Infoway (P) Ltd. (SIL), a subsidiary of Satyam Computers, has signed an agreementwith Sterling Commerce, International Group of the U.S. to provide electronic data interchange(EDI) and other value added electronic commerce solutions throughout India.

- Two new offices have already been set up in the US, and another in Japan. New businesspartners have been added in Australia, Canada, Japan and Europe.

- Satyam Infoway is a 100 per cent subsidiary of the Hyderabad-based software major, SatyamComputer Services Ltd.

- Dun & Bradstreet Corp. USA (D&B), is likely to buy out the 24 per cent stake of joint venturepartner Satyam Computers Services and gain majority control, 76 per cent of the stake is held byD&B.

- The joint venture was set up to provide software services to D&B clients world wide. Dun andBradstreet - Satyam Software is the largest single location software unit for D&B in the world.

- Satyam Computer has four subsidiaries: Satyam Spark Solutions, Satyam Infoways, Satyamenterprise Solutions and Satyam Renaissance, Consulting, Spark solutions focuses on softwareproducts, Infoways operates in the field of electronic commerce and electronic data interchange.

- Satyam Computer Services Ltd announced that it had divested its 24 per cent ownership of Dun

& Bradstreet Satyam Software Pvt Ltd (DBSS) in favour of Cognizant Software SolutionsCorporation, a subsidiary of Cognizant Corporation, US.

- Satyam Computer Services Ltd., has been selected by the Switzerland-based World EconomicForum and World Link magazine as one of India's most remarkable and rapidly growingentrepreneurial companies.

- The funds will be raised through a Rs 20 crore debt and the rest will be provided by the parentcompany as equity in the subsidiary to set up the nationwide network.

1998

- Satyam Infoway, a wholly-owned subsidiary of Satyam Computer Services Ltd., has received

the Technical Engineering Centre (TEC) approval from the Department of Telecommunications(DoT) for commercialising its operations.

- The company is a 100 percent EOU under the software technology park scheme of theDepartment of Electronics, Government of India. It is presently engaged in development andexport of software to USA, Canada, Sweden, Germany etc.


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- Satyam Computer Services Ltd. opened its first overseas development centre in New Jersey.The company proposes to set up seven such development centres outside India, four of them inthe US.

- Satyam Computer Services Ltd. has entered into an agreement with the National SecuritiesDepository Ltd. (NSDL) for providing its shareholders with the facility of trading in the

dematerialised form of shares.

1999

- The company is setting up offsite development centres which will have high margin businessand also ventured into the euro conversion business which is slowly taking-off.

- Sataym Computer Services Ltd. will be setting up two offsite development centres in addition tothe existing seven centres across the world.

- Satyam Computer Services Ltd., one of the fastest growing IT companies in the country, hastaken significant decisions recently including the merger of three of its subsidiaries with the parentcompany and a 1:1 bonus issue.

- The company has also set up India's first Indian Institute of Information Technology and is thefirst software company in India to get accredited by (SEI CMM) level 5 certificates.

- Satyam Infoway Ltd, is the second largest Internet services provider in India based on thenumber of customers.

2000

- Vision-Compass Inc., the US-based wholly owned subsidiary of Satyam Computer ServicesLtd., announced the global launch of VisionCompass, a collaborative enterprise managementsoftware product.

- The Company has entered into an agreement with Venture Global Engineering LIC, USA, to set-up a 50:50 joint venture for the software development of CAD/CAM/CAE at Hyderabad.

- The Company launched an organisation-wide transformation training programme - Customer-Oriented Global Organisation (COGO) initiative.

- The Company has announced its tie-up with Vignette Corporation of the US for theimplementation of e-business applications.

- Satyam Computer Services signed an equal joint venture with $6.3 bn US networking companyComputer Associates Inc (CA) to set up an Application Service Provider (ASP) for small andmedium enterprises.

- The Company and Texas-based Exterprise Inc, a major provider of collaboration platformsoftware for e-markets.

- Pepsi has entered its second cyberspace venture forging a tie-up with the company andHindustan Petroleum Corporation as the official beverages supplier for their "Speednet project".


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- SAS Institute India, a wholly owned subsidiary of the US-based SAS Institute Inc., has tied upwith the company as a SAS quality partner to provide comprehensive data warehousing and datamining solutions to various industry verticals.

- The Company has formed a strategic alliance with Microsoft Corporation to provide Web andenterprise integration application deployment solutions to US public sector customers utilising

Windows DNA 2000 technology.

- The Company and TRW Inc, the US-based $17 billion company, that they have signed a letterof intent to form a strategic alliance wherein the newly-formed joint venture would provide TRWand other global companies both information systems and engineering services.

- The Company has signed an agreement with the US-based edatafinder.com to build acomprehensive business intelliance e-market site that will supply more than 200 types ofbusiness data online to organisations around the globe.

- The Company has been named a 2000 Web Business 50/50 award winner for SatyamWorld -its corporate intranet, to become the only company to feature in this list.

- The Company has realized Rs 17012.53 lakhs net of transaction costs and tax through the saleof 347,2000 No. of equity shares of Satyam Infosay Ltd. to the Government of SingaporeInvestment Corporation Pte. Ltd.

- The Company has signed a contract with Mercator, the IT subsidiary of the UAE-basedEmirates group, to provide product maintenance and support activities for Mercator's products inthe aviation industry.

- Satyam Computer Services inaugurated an offshore development centre `Mercator SatyamCentre' - to exclusively handle projects for the $60 million Mercator, an IT subsidiary of the UAEbased Emirates group.

- C Srinivas (Srini) Raju has resigned as the executive director of the company with effective fromSeptember 1.

- Satyam Computer Services Ltd. and the US-based SEEC Inc have entered into a strategicalliance to leverage the latter's tools and technology for Satyam's worldwide e-businesstransformation practice.

- The Company has received the National HRD award - 2000 for outstanding contributions toHRD.

- Satyam Computers is setting up a joint venture with the $17 billion TRW Inc, a Fortune-100Company in the US. - The Company has relaunched its shopping channel as www.sifymall.com,which would now offer ` celebration of value' shopping.

- Prabhu Sinha, a senior vice-president of Satyam Computer Services, received Qimpro SilverAward for 2000-01.

- Satyam Computer Services Ltd. and Ariba Inc., a leading business to business e-commerceplatform provider have entered into an alliance.

- Satyam Manufacturing Technology, a joint venture between Satyam Computers Services andUS-based TRW, has received a $200 million contract from TRW.


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- Mr. B. Ramalinga Raju, Chairman of Satyam Computer Services, has been awarded the IT Manof the Year 2000 Award by Dataquest.

- Satyam Computer Services has acquired 23 acres in Bangalore to set up a new softwaredevelopment centre.

2001

- The Company has entered into a long-term collaboration agreement with Centre for Cellular andMolecular Biology, to jointly identify business opportunities at the global level for IT-enabledservices in bioinformatics and related fields.

- The Company has entered into a partnership with i2Technolgies.

- Satyam Computer Services Ltd., the software services company based in Hyderabad, is set tocommission its new development centre in the Dubai Internet City.

- The Company has been rated as one of the 10 most well-regarded companies in the country inprestigious 2000/2001 Review 2000 Survey conducted by the Hong Kong-based Far EasternEconomic Review.

- Satyam Computer Services has become the first of the top Indian software services companiesto open its facility at Dubai Internet City.

- The Company has won the Frost & Sullivan market engineering award for Competitive Strategy2001 in the application service provider category. - The American depositary shares (ADS) ofSatyam Computer Services on May 16 was listed at $11.16 on the New York Stock Exchange(NYSE) at a premium of 14.9 per cent to the offer price.

- Satyam Computer Services, has expanded its partnership with the US-based Healthaxis Inc., aleading supplier of healthcare technology solutions. Satyam has also agreed to become the

primary integration partner for deploying the Insur-Enroll solution. Satyam bagged a major projectfrom Healthaxis in the last quarter.

- Satyam Computer Services on August 27 announced a global strategic alliance with SEEC Inc.,a Pittsburgh-based leading provider of component and web services solutions for insurance andother industries.

2002

- Satyam Computer Launches operations in China.

-Satyam Computer Services Ltd a leading global IT services firm, on August 8, 2002 announcedthe signing of an agreement with Saint-Gobain Abrasives, Inc a Massachusetts (USA) basedcorporation to provide IT services.

-Satyam Computer Services Ltd has entered into a Premier Partnership with Ireland-basedIONAr, a leading e-Business Platform provider for Web Services Integration, to deliver the OrbixE2A Web Services Integration and Application Server Platforms.

-Nipuna Services Ltd, the BPO subsidiary of Satyam Computer Services Ltd announced theappointment of Mrs Ram Ramasundar as COO of the company.Further the company has also


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appointed Venkaswamy Nagendra as Chief Marketing Officer and M Satyanarayana as ChiefMarketing Officer of the company.

2003

-Jurong Technologies appoints Satyam Computer for State-of-the-Art Enterprise Resource

Planning Solution

-Embarks on an organisational and business transformation initiative termed Orbit 5

-Giga Information Group includes Satyam Computer Services Ltd. as the top choice for SAPsupport among offshore service providers

-World Bank gives outsourcing contract to Satyam Services

-Satyam and Ansys Inc Forge Global Strategic Alliance, Offer Process Integrated EngineeringSimulation Solutions

-Enters into strategic alliance with semiconductor major Texas Instruments to provide consultingservices for DSP (digital signal processing) customers

-Satyam Computer & Correlate Technologies announce partnership to provide Correlate K-Mapsolutions worldwide

-Sets up Offshore Solutions Center for TRW Automotive in Chennai

-Satyam, Hummingbird open ETL/BI competency centre in Singapore

-Satyam unveils Samanvay to create learning opportunities to staff families

-Satyam & Microsoft sign MOU to provide world class IT outsourcing services to Asia Pacificregion

-Launches Global Solutions Centre in Malaysia

-Conducts first ever global customer summit (SatyamWorld) In San Diego, California, USA

-Forms alliance with Yahoo, a leading portal and collaboration platform provider, to deliversolutions centered on Yahoo! Portal and Messenger platforms

-Bags 2003 Account Performance Award from Strategic Account Management Association(SAMA) during its annual conference in Orlando, Florida

-Implements SAP at Oman Trading Establishment

-Signs up a long term contract with World Bank

-Satyam's solution bags CSI National IT Award for best packaged application

-Approves enhancement of investment limit by Foreign Institutional Investors (FII's) underPortfolio Investment Scheme from 49% to 60%


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-Commences a Student Administration System (SAS) solution implementation for Singapore-based Universitas 21 Global (U21G), a leading online university initiative, offering on-line highereducation to students all over the world

-Satyam's advanced e-Logistic Solution System for Konsortium Logistik Bhd Malaysia goes live

-Launches Offshore Development Center (ODC) in Bangalore to provide high end productdevelopment support to Fujitsu Ltd., a leading provider of customer focused IT andcommunication solution for the global marketplace

-Developes a virtual facility in the 120-acre technology campus located in Hyderabad

-Warburg Pincus, a venture capital & equity fund, sells 2.6% Satyam shares

-Allottment of 11533 equity shares through circular resolution on October 28, 2003 under stockoption plans of the company.

-The company has developed a virtual facility in the 120-acre technology campus located inHyderabad. Satyam Live captures the soft infrastructure, the products etc. of a knowledge drivencompany.

- The Compensation Committee of Directors of the company allotted 3507 equity shares

-Allotted 24271 equity shares through circular resolution on October 28, 2003 under stock optionplans of the company.

-Company has signed a multi-year agreement with American International TechnologyEnterprises, Inc.

-The company has sold 1m equity shares of Sify in a private placement through Sify's sponsoredADR programme.

-The company sells its sify stake to Venturre tech increasing venture tech's stake to 16.8 per centfrom 13.8 per cent.

-Satyam Computer Services honoured with prestigious IBM Lotus award

-Satyam acquires Megasoft in stock deal

-Satyam's new development centre in Canada

-Fidelity Investments buys 245,500 equity shares of the company, stake increases to 5.05%

-Signs a regional partnership with the Nasdaq-listed Actuate Corporation, an enterprise reportingapplications provider, to collaborate in the Asia Pacific region. Following this move, the Satyam-

Actuate Centre of Excellence will be set up at Satyam's Global Solutions Centre in Cyberjaya,Malaysia

2004

-Satyam's Nipuna appoints new CEO & COO


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-Satyam Computer Services Ltd has entered into a tie-up with OATSystems Inc of the US toprovide comprehensive radio frequency identification devices (RFID)-based solutions to itscustomers across the globe

-IT major Satyam Computer Services Ltd (SCSL) has launched a unique platform called 'Virtue'which will provide two-way communication between the company and the selected candidates for

employment

-Satyam Computer Services Limited on Saturday inaugurated the company's ninth facility inHyderabad

-Satyam launches its largest Global Development Center outside India at Melbourne, Australia

-Satyam forges alliance with Cyclone Commerce

-Satyam Computer joins mainframe migration alliance (MMA)

2005

-Satyam enters into strategic partnership with ECG

-Satyam ranked 3rd in Corporate Governance Survey by Global Institutional Investors

-Satyam Computer launches ESA service offering on May 05, 2005.

-Satyam Computer joins Microsoft Insurance Initiative

-Satyam Computer enters into global alliance agreement with Meridian Systems.

-Satyam Computer launches business solutions laboratory, FUTURUS

-Satyam Computer announces partnership with Hungary's premier science IT institute MTASZTAKI

-Satyam Computer Services Ltd and Miebach Logistics Group, a Frankfurt, Germany-basedlogistics solutions provider, on Nov 15 announced a services and technology collaboration to offersupply chain solutions to customers in the Asia Pacific region across industry verticals.

-Satyam foray into strategic partnership with Chinese firm

-Satyam & eBao Tech forms strategic alliance to jointly promote new generation insurancepackage software solutions

2006

-Satyam receives AS9100 / EN9100 certification for its aerospace domain

-Satyam Computer achieves SEI CMMI Level 5 enterprise wide

-Satyam Computer launches Offshore Development Center for INVISTA in Bangalore


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-Satyam Computer Services Ltd on October 26, 2006 has announced that it has achieved globalcertification in the ISO 9001 (quality management), ISO 20000 (information technology servicemanagement for Infrastructure Management Services and Network & Systems), and ISO 27001(Information Security Management) standards. With the successful audit of the developmentcenter at Budapest, Hungary, all three certifications were conferred at an organization-wide level.

-Satyam enhances Sony Europe's IT development capacity with a dedicated offshoredevelopment centre.

-Satyam forays into Egypt.

2007

-Satyam Computer Services Ltd has on March 15, 2007 has announced that it has implementedan organization-wide, virtual learning environment called Satyam Learning World.

-Satyam Computer signs multi-year deal with Applied Materials.

-Satyam Computer Services Ltd on June 04, 2007 has announced that it recently won ComputerAssociates Vision, Impact, Progress (VIP) Award for an internal implementation and optimizationof CA's service desk platform.

-Satyam Computer Services Ltd on June 11, 2007 has announced that it has forged an alliancewith US-based JDA Software Group Inc., the leading provider of supply and demand chainsolutions to 5,500 of the world's top retailers, manufacturers, and suppliers.

-Satyam partners in developing Hera FxV-India's first Digital Car launched at CII Conclave.

2008

-Satyam Computer Services Ltd has informed that Satyam BPO, the business process

outsourcing arm of Satyam, a leading global business and information technology servicesCompany, on April 10, 2008 announced that it has won two prestigious Shared ServicesExcellence awards from the International Quality and Productivity Council.

-Satyam Computer has announced it has inked a pact with Infospectrum to give third-partymaintenance, repair and overhaul (MRO) and component repair services for the global aviationindustry.

Step2 : How fast is the company growing?Companies are judged by their sales and earnings growth rates than on the absolute value of theirsales and earnings. Look for companies that consistently grow faster than there peers.

Year 2008/03 2007/03 2006/03 2005/03 2004/03

Sales 8,137.28 6,228.47 4,634.31 3,464.23 2,541.55Var % 30.65 34.40 33.78 36.30

Profit After Tax 1,715.74 1,423.23 1,239.75 750.26 555.79

Var % 20.55 14.80 65.24 34.99

Step3 : How profitable is the company?Investors prefer companies that increase profit margins -- the percentage of sales that they keep --every year. This is accomplished either by lowering expenses or raising prices. Look forcompanies that consistently find ways to squeeze more profits out of sales than their peers.


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Year 2008/03 2007/03 2006/03 2005/03 2004/03

Profit After Tax 1,715.74 1,423.23 1,239.75 750.26 555.79

Var % 20.55 14.80 65.24 34.99

`

Year 2008/03 2007/03 2006/03 2005/03 2004/03

OPM (%) 22.47 24.55 25.75 25.67 27.25

Var % -8.47 -4.66 0.31 -5.80

Step4 : How is the company's financial health?The financial health of a company is dependent on a combination of profitability, short-term liquidity andlong term liquidity. Companies, which are profitable, but have poor short term or long term liquiditymeasures, do not survive the troughs of the trade cycle. Also firms, which are not profitable but are cashrich, do not survive in the long term either. Such companies are taken over for their cashflow or by otherswho believe that they can improve the profitability of the business. Thus, those companies that do succeedand survive over the long term have a well-rounded financial profile, and perform well in all aspects offinancial analysis.Profitability ratios reflects the business environment of the time.

The key profitability ratios are:

Return on Total Assets (ROTA) 20.24%

Return on capital employed (ROCE) 23.25%

Net profit margin 20.38%

Short-term liquidity is the ability of the company to meet its short-term financial commitments. Short-termliquidity ratios measure the relationship between current liabilities and current assets. Current assets arestocks and work-in-progress, debtors and cash that would normally be re-circulated to pay currentliabilities. The ideal ratio 1:1. But a very high ratio indicates that the company is unable to manage its cashproperly.The key short-term liquidity ratios are:

Current Ratio 5.15

Quick Ratio 5.09

Long term liquidity or gearing is concerned with the financial structure of the company. Long term liquidityratios measure the extent to which the capital employed in the business has been financed either byshareholders through share capital and retained earnings, or through borrowing and long-term finance.Highly geared companies are risky. Look for a balance.The key long-term liquidity ratios are:

Gearing Ratio 15.00%

Interest Cover 288.85

Step5:How has the stock performed?Investors need to know how a stock has performed relative to all other stocks.Generally they attemptto hold the markets top-performing securities-those that have done better over the past year thanmajority of stocks in their industrial group and all stocks in our database.Look for a positive trend in12-month,6-month and 3-month periods.

BSE NSE


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period close price change period close price change

3 Months 264.70 -84.91 3 Months 264.85 -84.80

6 Months 444.45 -91.01 6 Months 443.50 -90.92

12 Months 424.50 -90.59 12 Months 424.40 -90.52

Step6:Where is the stock's support and resistance?

Investors should note that the average prices at which a stock traded over the past 50- and 200-dayperiods.These "moving averages" tend to provide a floor,or support,for stocks trading above themand a ceiling,or resistance,for stocks below them.Stocks that sink below support are in danger offurther weakening;stocks that rise above resistance have a shot at new highs.

BSE NSE

Close Price Rs.39.95 Close Price Rs.40.25

52 Week Low Rs.30.70 52 Week Low Rs.30.80

50-day Moving Average Rs.227.52 50-day Moving Average Rs.221.09

To learn more about technical analysis see ICICIdirect University.For a comprehensive analysis seeDirect Technical Charts.

Step7:What is the consensus of other brokers in the country?Consensus estimates of Multex research

There are consensus estimates of only 120 companies.

Key Information

Sector:Sector Ranking: 8 of 25Last Reported Year End: 31 Mar 2008Next results (Approx): 21 Apr 2009

Brokers Recommendation

Months ago0 1 2 3

Strong BuyModerate BuyHoldModerate Sell

Strong Sell

16 15 17 177 7 6 88 7 6 63 2 2 2

0 0 0 0

Average RecommendationThis Month 1.941 Month Ago 1.872 Months Ago 1.773 Months Ago 1.79

Covering BrokersMerrill Lynch,Deutsche Bank Research,ABN AMRO Global Research,HSBC,Credit Suisse,CLSA Asia
https://secure.icicidirect.com/customer/logon.asphttps://secure.icicidirect.com/customer/logon.asphttps://secure.icicidirect.com/customer/logon.asp


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Pacific Market,Broker Name Withheld,Broker Name Withheld,First Global,J.P.Morgan SecuritiesEquities,Macquarie Research Equities,Nomura Securities,BNP Paribas Secur

Earning Per Share (EPS)

Actual (31 Mar 2008) 24.71

Surprise -2.72

Consensus Estimates

Net Profit1 (31 Mar 2009)

EPS1 (31 Mar 2009) 33.90

Net Profit2 (31 Mar 2010)

EPS2 (31 Mar 2010) 36.50

For other stock reports click here.(Stocks to watch)

How to research a stock ?

Step8:Which top mutual funds hold the stock?This information is vital if you think it's better to invest in the company indirectly.That means,investin the leading mutual funds that have put their money in the company's stock.

No Data found

Step9:What are the recent developments in the company?latest news for the company

1/7/2009 Satyam Computer - Resignation of Chairman1/7/2009 Satyam Compute - Resignation of Managing Director1/7/2009 Satyam Computer - Updates

1/7/2009 Satyam Computer - Press Release1/6/2009 Satyam Computer - Sale of Equity Shares1/6/2009 Satyam Computer clarifies on News Item

1/5/2009Satyam Computer - Independent Research Firm Notes Satyam''s ''Bottom-Up'' Innovation

Approach1/3/2009 Raju's stake in Satyam dips to 5.13%1/3/2009 Raju's stake in Satyam dips to 5.13%1/1/2009 Satyam promoters are on the track of reducing their stake

12/31/2008 Ramalinga Raju asks staff to stay with him12/29/2008 Satyam to consider Board level changes12/29/2008 Satyam Computer - Board Meeting on Jan 10, 200912/29/2008 Satyam to Consider Additional Strategic Actions12/29/2008 Satyam confirms resignation of two of its Directors12/29/2008 Satyam Computer - Press Release12/26/2008 Satyam Computer - Change in Directorate

12/26/2008 Satyam Objects to World Bank Statements12/24/2008 World Bank bars Satyam for 8 years: report12/23/2008 Satyam investors seek answers on Maytas deal12/22/2008 Satyam Computer Services Ltd - Sale of Shares12/22/2008 Satyam Computer Services Ltd - Sale of Shares12/19/2008 Satyam announces Board Meeting on Dec 29

corporate announcements for the company
http://content.icicidirect.com/research/HomePickWeek.asphttp://content.icicidirect.com/research/HomePickWeek.asphttp://content.icicidirect.com/research/HomePickWeek.asphttp://content.icicidirect.com/research/HomePickWeek.asp


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type of announcement purpose date

Boardmeetdt Buy Back of Shares & Others 1/10/2009

Step10:How does the company stack up against it peers?

Company Sales (rs cr.) PAT (rs cr.) Market Cap (rs cr.)

Infosys Technologies Ltd. 15,648.00 4,470.00 67,961.46

Tata Consultancy Services Ltd. 18,533.72 4,508.76 49,292.61

Wipro Ltd. 17,492.60 3,063.30 35,594.87

HCL Technologies Ltd. 3,768.62 1,101.82 7,383.02

Sterling International Enterprises Ltd. 20.53 4.50 3,863.86

History of Company

1987

- On 24th June company was incorporated as a Private Limited Co. for providing Software Developmentand Consultancy Services to large corporations. The company was promoted by B Rama Raju and BRamalinga Raju. The company has set up two software Technology Parks, one at Mayfair Centre,Secunderabad and other at Qutuballapur of Ranga Reddy Dist. of A.P. The company also developed asoftware Development center in Bangalore.

- The company is a 100% EOU under the STP scheme of the Dpt. of Electronics Government of India andexports software to USA, Canada, Sweden and Germany etc.

1991

- On 26th August it was converted into a Public Limited Company.

1992

- The Company went in for a Public Issue of Equity shares. The company has set up facilities atSecunderabad, Hyderabad and Bangalore. The Company has created infrastructural facilities consisting ofworkstations with modern communication and networking equipment.

- Satyam went in for a public issue of equity shares with the main objective of setting up a softwaretechnology park and a 100 percent export oriented unit for software development with a dedicated 64KBPS satellite link.

1993

- During the year company has entered into a joint venture agreement with Dun & Bradstrret Corp., U.S.A.for development of softwares.

1994

- On January 26th a joint venture company called Dun & Bradstreet Satyam Software (P) Ltd. wasincorporated.


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1995

- During the year company issued 37,17,000 12% unsecured fully convertible debentures part "A" ofRs.100 each on right basis for the shareholders in proportion of 1 FCD for every 5 shares held. Thecompany also issued 37,17,000-12% FCD's-part `B' Rs.60 per debentures in August which can be

converted into equity shares of Rs.10 each at premium of Rs.50 per share on August 1996.

1996

- During the year Two offices were set up, one in USA and other in Japan. And the company has addednew business partners in Australia, Canada, Japan and Europe.

- During the year company promoted 4 subsidiaries. Viz Stayam Renaissance Consulting Ltd., SatyamEnterprise Solutions Pvt. Ltd., Stayam Infoway Pvt. Ltd and Satyam Infoway Pvt. Ltd.

1997 - During the year company has added additional space in Secunderabad and Bangalore. And newsoftware development centers were opened in Hyderabad, Pune, Chennai and Bhubaneswar during theyear. The company has established a school at Indian Institute of Information Technology at Hyderabad,joining a select band of global corporations like IBM, Microsoft and oracle who are also participating in IIIT's

activities.

- Satyam Computer Services Ltd. (SCSL), the Hyderabad-based software company, setting up three morenew software development centres at Chennai, Pune and Bhubaneshwar.

- Satyam Infoway (P) Ltd. (SIL), a subsidiary of Satyam Computers, has signed an agreement with SterlingCommerce, International Group of the U.S. to provide electronic data interchange (EDI) and other valueadded electronic commerce solutions throughout India.

- Two new offices have already been set up in the US, and another in Japan. New business partners havebeen added in Australia, Canada, Japan and Europe.

- Satyam Infoway is a 100 per cent subsidiary of the Hyderabad-based software major, Satyam Computer

Services Ltd.

- Dun & Bradstreet Corp. USA (D&B), is likely to buy out the 24 per cent stake of joint venture partnerSatyam Computers Services and gain majority control, 76 per cent of the stake is held by D&B.

- The joint venture was set up to provide software services to D&B clients world wide. Dun and Bradstreet -Satyam Software is the largest single location software unit for D&B in the world.

- Satyam Computer has four subsidiaries: Satyam Spark Solutions, Satyam Infoways, Satyam enterpriseSolutions and Satyam Renaissance, Consulting, Spark solutions focuses on software products, Infowaysoperates in the field of electronic commerce and electronic data interchange.

- Satyam Computer Services Ltd announced that it had divested its 24 per cent ownership of Dun &Bradstreet Satyam Software Pvt Ltd (DBSS) in favour of Cognizant Software Solutions Corporation, asubsidiary of Cognizant Corporation, US.

- Satyam Computer Services Ltd., has been selected by the Switzerland-based World Economic Forumand World Link magazine as one of India's most remarkable and rapidly growing entrepreneurialcompanies.

- The funds will be raised through a Rs 20 crore debt and the rest will be provided by the parent companyas equity in the subsidiary to set up the nationwide network.


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1998

- Satyam Infoway, a wholly-owned subsidiary of Satyam Computer Services Ltd., has received theTechnical Engineering Centre (TEC) approval from the Department of Telecommunications (DoT) forcommercialising its operations.

- The company is a 100 percent EOU under the software technology park scheme of the Department ofElectronics, Government of India. It is presently engaged in development and export of software to USA,Canada, Sweden, Germany etc.

- Satyam Computer Services Ltd. opened its first overseas development centre in New Jersey. Thecompany proposes to set up seven such development centres outside India, four of them in the US.

- Satyam Computer Services Ltd. has entered into an agreement with the National Securities DepositoryLtd. (NSDL) for providing its shareholders with the facility of trading in the dematerialised form of shares.

1999

- The company is setting up offsite development centres which will have high margin business and alsoventured into the euro conversion business which is slowly taking-off.

- Sataym Computer Services Ltd. will be setting up two offsite development centres in addition to theexisting seven centres across the world.

- Satyam Computer Services Ltd., one of the fastest growing IT companies in the country, has takensignificant decisions recently including the merger of three of its subsidiaries with the parent company anda 1:1 bonus issue.

- The company has also set up India's first Indian Institute of Information Technology and is the firstsoftware company in India to get accredited by (SEI CMM) level 5 certificates.

- Satyam Infoway Ltd, is the second largest Internet services provider in India based on the number of

customers.

2000

- Vision-Compass Inc., the US-based wholly owned subsidiary of Satyam Computer Services Ltd.,announced the global launch of VisionCompass, a collaborative enterprise management software product.

- The Company has entered into an agreement with Venture Global Engineering LIC, USA, to set-up a50:50 joint venture for the software development of CAD/CAM/CAE at Hyderabad.

- The Company launched an organisation-wide transformation training programme - Customer-OrientedGlobal Organisation (COGO) initiative.

- The Company has announced its tie-up with Vignette Corporation of the US for the implementation of e-business applications.

- Satyam Computer Services signed an equal joint venture with $6.3 bn US networking company ComputerAssociates Inc (CA) to set up an Application Service Provider (ASP) for small and medium enterprises.

- The Company and Texas-based Exterprise Inc, a major provider of collaboration platform software for e-markets.


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- Pepsi has entered its second cyberspace venture forging a tie-up with the company and HindustanPetroleum Corporation as the official beverages supplier for their "Speednet project".

- SAS Institute India, a wholly owned subsidiary of the US-based SAS Institute Inc., has tied up with thecompany as a SAS quality partner to provide comprehensive data warehousing and data mining solutions

to various industry verticals.

- The Company has formed a strategic alliance with Microsoft Corporation to provide Web and enterpriseintegration application deployment solutions to US public sector customers utilising Windows DNA 2000technology.

- The Company and TRW Inc, the US-based $17 billion company, that they have signed a letter of intent toform a strategic alliance wherein the newly-formed joint venture would provide TRW and other globalcompanies both information systems and engineering services.

- The Company has signed an agreement with the US-based edatafinder.com to build a comprehensivebusiness intelliance e-market site that will supply more than 200 types of business data online toorganisations around the globe.

- The Company has been named a 2000 Web Business 50/50 award winner for SatyamWorld - itscorporate intranet, to become the only company to feature in this list.

- The Company has realized Rs 17012.53 lakhs net of transaction costs and tax through the sale of347,2000 No. of equity shares of Satyam Infosay Ltd. to the Government of Singapore InvestmentCorporation Pte. Ltd.

- The Company has signed a contract with Mercator, the IT subsidiary of the UAE-based Emirates group, toprovide product maintenance and support activities for Mercator's products in the aviation industry.

- Satyam Computer Services inaugurated an offshore development centre `Mercator Satyam Centre' - toexclusively handle projects for the $60 million Mercator, an IT subsidiary of the UAE based Emirates group.

- C Srinivas (Srini) Raju has resigned as the executive director of the company with effective fromSeptember 1.

- Satyam Computer Services Ltd. and the US-based SEEC Inc have entered into a strategic alliance toleverage the latter's tools and technology for Satyam's worldwide e-business transformation practice.

- The Company has received the National HRD award - 2000 for outstanding contributions to HRD.

- Satyam Computers is setting up a joint venture with the $17 billion TRW Inc, a Fortune-100 Company inthe US. - The Company has relaunched its shopping channel as www.sifymall.com, which would now offer` celebration of value' shopping.

- Prabhu Sinha, a senior vice-president of Satyam Computer Services, received Qimpro Silver Award for2000-01.

- Satyam Computer Services Ltd. and Ariba Inc., a leading business to business e-commerce platformprovider have entered into an alliance.

- Satyam Manufacturing Technology, a joint venture between Satyam Computers Services and US-basedTRW, has received a $200 million contract from TRW.


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- Mr. B. Ramalinga Raju, Chairman of Satyam Computer Services, has been awarded the IT Man of theYear 2000 Award by Dataquest.

- Satyam Computer Services has acquired 23 acres in Bangalore to set up a new software developmentcentre.

2001

- The Company has entered into a long-term collaboration agreement with Centre for Cellular andMolecular Biology, to jointly identify business opportunities at the global level for IT-enabled services inbioinformatics and related fields.

- The Company has entered into a partnership with i2Technolgies.

- Satyam Computer Services Ltd., the software services company based in Hyderabad, is set tocommission its new development centre in the Dubai Internet City.

- The Company has been rated as one of the 10 most well-regarded companies in the country in

prestigious 2000/2001 Review 2000 Survey conducted by the Hong Kong-based Far Eastern EconomicReview.

- Satyam Computer Services has become the first of the top Indian software services companies to open itsfacility at Dubai Internet City.

- The Company has won the Frost & Sullivan market engineering award for Competitive Strategy 2001 inthe application service provider category. - The American depositary shares (ADS) of Satyam ComputerServices on May 16 was listed at $11.16 on the New York Stock Exchange (NYSE) at a premium of 14.9per cent to the offer price.

- Satyam Computer Services, has expanded its partnership with the US-based Healthaxis Inc., a leadingsupplier of healthcare technology solutions. Satyam has also agreed to become the primary integrationpartner for deploying the Insur-Enroll solution. Satyam bagged a major project from Healthaxis in the last

quarter.

- Satyam Computer Services on August 27 announced a global strategic alliance with SEEC Inc., aPittsburgh-based leading provider of component and web services solutions for insurance and otherindustries.

2002

- Satyam Computer Launches operations in China.

-Satyam Computer Services Ltd a leading global IT services firm, on August 8, 2002 announced the signingof an agreement with Saint-Gobain Abrasives, Inc a Massachusetts (USA) based corporation to provide ITservices.

-Satyam Computer Services Ltd has entered into a Premier Partnership with Ireland-based IONAr, aleading e-Business Platform provider for Web Services Integration, to deliver the Orbix E2A Web ServicesIntegration and Application Server Platforms.

-Nipuna Services Ltd, the BPO subsidiary of Satyam Computer Services Ltd announced the appointment ofMrs Ram Ramasundar as COO of the company.Further the company has also appointed VenkaswamyNagendra as Chief Marketing Officer and M Satyanarayana as Chief Marketing Officer of the company.


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2003

-Jurong Technologies appoints Satyam Computer for State-of-the-Art Enterprise Resource PlanningSolution

-Embarks on an organisational and business transformation initiative termed Orbit 5

-Giga Information Group includes Satyam Computer Services Ltd. as the top choice for SAP supportamong offshore service providers

-World Bank gives outsourcing contract to Satyam Services

-Satyam and Ansys Inc Forge Global Strategic Alliance, Offer Process Integrated Engineering SimulationSolutions

-Enters into strategic alliance with semiconductor major Texas Instruments to provide consulting servicesfor DSP (digital signal processing) customers

-Satyam Computer & Correlate Technologies announce partnership to provide Correlate K-Map solutionsworldwide

-Sets up Offshore Solutions Center for TRW Automotive in Chennai

-Satyam, Hummingbird open ETL/BI competency centre in Singapore

-Satyam unveils Samanvay to create learning opportunities to staff families

-Satyam & Microsoft sign MOU to provide world class IT outsourcing services to Asia Pacific region

-Launches Global Solutions Centre in Malaysia

-Conducts first ever global customer summit (SatyamWorld) In San Diego, California, USA

-Forms alliance with Yahoo, a leading portal and collaboration platform provider, to deliver solutionscentered on Yahoo! Portal and Messenger platforms

-Bags 2003 Account Performance Award from Strategic Account Management Association (SAMA) duringits annual conference in Orlando, Florida

-Implements SAP at Oman Trading Establishment

-Signs up a long term contract with World Bank

-Satyam's solution bags CSI National IT Award for best packaged application

-Approves enhancement of investment limit by Foreign Institutional Investors (FII's) under PortfolioInvestment Scheme from 49% to 60%

-Commences a Student Administration System (SAS) solution implementation for Singapore- basedUniversitas 21 Global (U21G), a leading online university initiative, offering on-line higher education tostudents all over the world


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-Satyam's advanced e-Logistic Solution System for Konsortium Logistik Bhd Malaysia goes live

-Launches Offshore Development Center (ODC) in Bangalore to provide high end product developmentsupport to Fujitsu Ltd., a leading provider of customer focused IT and communication solution for the globalmarketplace

-Developes a virtual facility in the 120-acre technology campus located in Hyderabad

-Warburg Pincus, a venture capital & equity fund, sells 2.6% Satyam shares

-Allottment of 11533 equity shares through circular resolution on October 28, 2003 under stock option plansof the company.

-The company has developed a virtual facility in the 120-acre technology campus located in Hyderabad.Satyam Live captures the soft infrastructure, the products etc. of a knowledge driven company.

- The Compensation Committee of Directors of the company allotted 3507 equity shares

-Allotted 24271 equity shares through circular resolution on October 28, 2003 under stock option plans ofthe company.

-Company has signed a multi-year agreement with American International Technology Enterprises, Inc.

-The company has sold 1m equity shares of Sify in a private placement through Sify's sponsored ADRprogramme.

-The company sells its sify stake to Venturre tech increasing venture tech's stake to 16.8 per cent from 13.8per cent.

-Satyam Computer Services honoured with prestigious IBM Lotus award

-Satyam acquires Megasoft in stock deal

-Satyam's new development centre in Canada

-Fidelity Investments buys 245,500 equity shares of the company, stake increases to 5.05%

-Signs a regional partnership with the Nasdaq-listed Actuate Corporation, an enterprise reportingapplications provider, to collaborate in the Asia Pacific region. Following this move, the Satyam-ActuateCentre of Excellence will be set up at Satyam's Global Solutions Centre in Cyberjaya, Malaysia

2004

-Satyam's Nipuna appoints new CEO & COO

-Satyam Computer Services Ltd has entered into a tie-up with OATSystems Inc of the US to providecomprehensive radio frequency identification devices (RFID)-based solutions to its customers across theglobe

-IT major Satyam Computer Services Ltd (SCSL) has launched a unique platform called 'Virtue' which willprovide two-way communication between the company and the selected candidates for employment


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-Satyam Computer Services Limited on Saturday inaugurated the company's ninth facility in Hyderabad

-Satyam launches its largest Global Development Center outside India at Melbourne, Australia

-Satyam forges alliance with Cyclone Commerce

-Satyam Computer joins mainframe migration alliance (MMA)

2005

-Satyam enters into strategic partnership with ECG

-Satyam ranked 3rd in Corporate Governance Survey by Global Institutional Investors

-Satyam Computer launches ESA service offering on May 05, 2005.

-Satyam Computer joins Microsoft Insurance Initiative

-Satyam Computer enters into global alliance agreement with Meridian Systems.

-Satyam Computer launches business solutions laboratory, FUTURUS

-Satyam Computer announces partnership with Hungary's premier science IT institute MTA SZTAKI

-Satyam Computer Services Ltd and Miebach Logistics Group, a Frankfurt, Germany-based logisticssolutions provider, on Nov 15 announced a services and technology collaboration to offer supply chainsolutions to customers in the Asia Pacific region across industry verticals.

-Satyam foray into strategic partnership with Chinese firm

-Satyam & eBao Tech forms strategic alliance to jointly promote new generation insurance packagesoftware solutions

2006

-Satyam receives AS9100 / EN9100 certification for its aerospace domain

-Satyam Computer achieves SEI CMMI Level 5 enterprise wide

-Satyam Computer launches Offshore Development Center for INVISTA in Bangalore

-Satyam Computer Services Ltd on October 26, 2006 has announced that it has achieved globalcertification in the ISO 9001 (quality management), ISO 20000 (information technology service

management for Infrastructure Management Services and Network & Systems), and ISO 27001(Information Security Management) standards. With the successful audit of the development center atBudapest, Hungary, all three certifications were conferred at an organization-wide level.

-Satyam enhances Sony Europe's IT development capacity with a dedicated offshore development centre.

-Satyam forays into Egypt.


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2007

-Satyam Computer Services Ltd has on March 15, 2007 has announced that it has implemented anorganization-wide, virtual learning environment called Satyam Learning World.

-Satyam Computer signs multi-year deal with Applied Materials.

-Satyam Computer Services Ltd on June 04, 2007 has announced that it recently won ComputerAssociates Vision, Impact, Progress (VIP) Award for an internal implementation and optimization of CA'sservice desk platform.

-Satyam Computer Services Ltd on June 11, 2007 has announced that it has forged an alliance with US-based JDA Software Group Inc., the leading provider of supply and demand chain solutions to 5,500 of theworld's top retailers, manufacturers, and suppliers.

-Satyam partners in developing Hera FxV-India's first Digital Car launched at CII Conclave.

2008

-Satyam Computer Services Ltd has informed that Satyam BPO, the business process outsourcing arm ofSatyam, a leading global business and information technology services Company, on April 10, 2008announced that it has won two prestigious Shared Services Excellence awards from the InternationalQuality and Productivity Council.

-Satyam Computer has announced it has inked a pact with Infospectrum to give third-party maintenance,repair and overhaul (MRO) and component repair services for the global aviation industry.


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Balance Sheet

Rs

Period & months 2008/03 2007/03 2006/03 2005/03 2004/03

SOURCES OF FUNDS

Owned Funds

Equity Share Capital 134.10 133.44 64.89 63.85 63.25

Share Application Money 1.83 7.85 1.78 0.45 0.19

Preferential Share Capital 0.00 0.00 0.00 0.00 0.00

Reserves & Surplus 7,221.71 5,648.07 4,268.75 3,153.17 2,517.52

Loan Funds

Secured Loans 23.67 13.79 12.57 9.87 7.30

Unsecured Loans 0.00 0.00 0.00 0.00 0.00

TOTAL 7,381.31 5,803.15 4,347.99 3,227.34 2,588.25

USES OF FUNDS

Fixed Assets

Gross Block 1,486.53 1,280.40 1,153.16 937.70 847.16

Accumulated Depreciation 1,062.04 930.45 803.74 685.41 597.76

Less: Revaluation Reserve 0.00 0.00 0.00 0.00 0.00

Net Block 424.49 349.95 349.42 252.29 249.40

Capital Work-in-progress 458.63 290.05 76.84 64.68 22.17

nvestments 493.80 201.15 155.74 78.48 74.75

Net Current Assets

Current Assets, Loans & Advances 7,451.13 6,003.75 4,473.26 3,283.53 2,595.51

Less: Current Liabilities & Provisions 1,446.74 1,041.75 707.27 451.64 353.59

Total Net Current Assets 6,004.39 4,962.00 3,765.99 2,831.89 2,241.92

Miscellaneous Expenses not written off 0.00 0.00 0.00 0.00 0.00

TOTAL 7,381.31 5,803.15 4,347.99 3,227.34 2,588.25

Number of Equity shares outstanding (Cr.) 67.05 66.72 32.44 31.93 31.63

Bonus component in Equity Capital 93.66 93.66 28.12 28.12 28.12

Notes:

Book Value of Unquoted Investments 493.80 201.15 155.74 78.48 74.75

Market Value of Quoted Investments 0.00 0.00 0.00 0.00 1.00

Contingent liabilities 623.28 267.20 134.45 38.22 8.68


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Key Financial Ratios

2008/03 2007/03 2006/03 2005/03 2004

Per Share

EPS 25.59 21.33 38.21 23.50 1

CEPS 27.65 23.28 42.00 26.76 2Book Value 109.71 86.65 133.57 100.76 8

Dividend/Share 3.50 3.50 7.00 5.00

Operating Profit / Share 27.30 22.93 36.81 27.88 2

Net Operating Income / Share 121.37 93.35 142.84 108.51 8

Free Reserves / Share 106.19 84.41 131.55 98.74 7

Profitability Ratios

OPM 22.49 24.56 25.77 25.69 2

GPM 20.79 22.47 23.12 22.69 2

NPM 20.38 22.24 26.09 21.03 2

RONW 23.63 24.39 22.61 23.95 2

Liquidity ratios

Debt/Equity 0.00 0.00 0.00 0.00

Current Ratio 5.15 5.76 6.32 7.27

Quick Ratio 5.09 5.70 6.32 7.25

nterest Cover 354.91 223.12 482.21 1,310.04 1,05

Turn Over Ratios

Sales/Total Assets 1.36 1.26 1.23 1.22

Sales/Fixed Assets 9.21 9.73 10.87 10.93

Sales/Current Assets 1.09 1.04 1.04 1.06

Miscellaneous

No of Days of Working Capital 265.64 286.80 292.55 294.29 31

CAR 0.00 0.00 0.00 0.00

Capital Structure

From Year To Year Class Of ShareAuthorised

Capital(Cr.)

IssuedCapital

(Cr.)PaidUp Shares

FaceValue

PaidUpCapital

(Cr.)

2007 2008 Equity Share 160.00 134.10 670479293 2 134.10

2006 2007 Equity Share 160.00 133.44 667196009 2 133.44

2005 2006 Equity Share 75.00 64.89 324449539 2 64.89

2004 2005 Equity Share 75.00 63.85 319265291 2 63.85

2003 2004 Equity Share 75.00 63.25 316251710 2 63.25

2002 2003 Equity Share 75.00 62.91 314542800 2 62.91

2001 2002 Equity Share 75.00 62.91 314540000 2 62.91

2000 2001 Equity Share 75.00 56.24 281190000 2 56.24

1999 2000 Equity Share 75.00 56.24 56238000 10 56.24


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1998 1999 Equity Share 30.00 26.02 26019000 10 26.02

1996 1998 Equity Share 30.00 26.02 26019000 10 26.02

1994 1995 Equity Share 30.00 18.59 18585000 10 18.59

1993 1994 Equity Share 20.00 18.59 18585000 10 18.59

1992 1993 Equity Share 20.00 18.59 18585000 10 18.59

1991 1992 Equity Share 20.00 0.30 300000 10 0.30

Profit and Loss

Rs

Period & months 2008/03 2007/03 2006/03 2005/03 2004/0

NCOME

Net Operating Income 8,137.28 6,228.47 4,634.31 3,464.23 2,541.

EXPENSES

Material Consumption 0.00 0.00 0.00 0.00 0.

Manufacturing Expenses 83.79 69.35 58.21 60.17 40.

Personel Expenses 4,964.84 3,692.92 2,702.24 1,999.10 1,338.

Selling Expenses 87.51 62.87 67.07 58.33 51.

Administrative Expenses 1,170.83 873.42 612.45 456.35 416.

Capitalised Expenses 0.00 0.00 0.00 0.00 0.

Cost of Sales 6,306.97 4,698.56 3,439.97 2,573.96 1,847.

Reported PBDIT 1,830.31 1,529.91 1,194.34 890.27 693.

Other Recuring Income 277.87 168.07 117.26 101.82 0.

Adjusted PBDIT 2,108.18 1,697.98 1,311.60 992.09 787.

Depreciation 137.94 129.89 122.81 103.94 111.

Other Write-offs 0.00 0.00 0.00 0.00 0.

Adjusted PBIT 1,970.24 1,568.09 1,188.79 888.15 676.

Finanical Expenses 5.94 7.61 2.72 0.76 0.

Adjusted PBT 1,964.30 1,560.48 1,186.07 887.39 675.

Tax Charges 226.12 150.00 206.14 116.74 106.

Adjusted PAT 1,738.18 1,410.48 979.93 770.65 569.

Non-recurring Items -22.44 12.75 259.82 -20.86 -15.

Other Non-cash Adjustments 0.00 0.00 0.00 0.47 1.

REPORTED PAT 1,715.74 1,423.23 1,239.75 750.26 555.

APPROPRIATIONS


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Equity Dividend 234.89 231.85 229.56 159.63 126.

Preference Dividend 0.00 0.00 0.00 0.00 0.

Retained Earnings 5,289.31 3,990.64 2,960.81 2,057.74 1,547.

Board of Directors

Name Designation

Mr. B Rama Raju Managing Director

Mr. B Ramalinga Raju Chairman / Chair Person

Mr. Ram Mynampati WholeTime Dire. & President

Prof. V S Raju Director

Mr. T R Prasad Director

SATHYAM COMPUTERS

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