Thursday, November 10, 2022

The Tech Phoenix - Satyam's 100-day turnaround story

 


Frauds are Whistle blown or investigated but here is a story of confession in falsifying accounts on 7th of Jan 2009. There were three options to handle the extraordinary situation - letting market decide the fate, bail out plan infusing funds into the company or out of box thinking with an unique plan. And it was the third that was implemented. 

Art of the possible at times of failure.  Private -  Public partnership and not using taxpayers money; and a quick turnover within 100 days. India needs a speedy justice-delivery mechanism. Employees are the crew and clients the passengers, building quality team with succession plans is the key. 

In life what we become depends on three elements - our thoughts, our intentions and our actions. Ego hurts, humility helps. We should always, expect the unexpected. "Opportunity knocks the door buy once, while temptation leans on the doorbell forever'. Whether we resist the temptation depends on our will power. We are all answerable to our own conscience. Integrity is the sine quo non. One bad act will wash away many good. 

People like Manoharan Sir and Pattabhi Sir adds good will to the profession. I recollect my interaction with Manoharan Sir in the beginning of this millennium. On asking him, what is needed to succeed - he had said - 50% hard work and 50% confidence. 

For reasons known, tears filled my eyes, as I read the message of Karthik. With deepest Gratitude from The Mahindra Satyam Family. M-Sat. 

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