Mahindra Satyam to hire 7,500 people in the coming months
The tech arm of the $6.3 billion Mahindra Group is planning to hire 7,500 people in the coming months. The company made this announcement after it completed one year of the acquisition of the troubled Satyam Computer services.
Notably, Satyam hasn’t fully recovered from the financial irregularities disclosed by its former chairman Ramalinga Raju in 2009 making it the biggest fraud in the history on corporate India.
Moreover, after the former chairman accepted the wrongdoing with regards to the books of the company, the Tech arm of the Mahindra Group, Tech Mahindra came into picture for saving the beleaguered IT major in the country. For the uninitiated, the acquisition of Satyam made Tech Mahindra the de facto #4 in the Indian IT industry.
The company is planning to absorb 4,000-5,000 fresh recruits and will not accept any from the existing pool of employees. Notably, TechMahindra has put in a lot of efforts to take Satyam on a stabilised road and is still striving hard to take it back to where it was a few years ago. TechMahindra is a JV between Mahindra Group and BT Plc.
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