Everyone knows about Infosys TCS Tech Mahendra but there is one company established by our Telugu people which has grown faster than all these companies and has gained clients worldwide and has given thousands of jobs and has shown revenue of thousands of crores and that is Satyam Computers Ramalingaraju. Talk will be remembered and he got his name ramalinga Raju became the cause and Satyam Computers started as a Satyam Scam. Overnight thousands of crores of rupees of investors lost their money how did the Satyam Computers Scam created in the country in 2009 actually happen this company started Ramalingaraju alias Ramaraju who was the director of this company was providing software service to other companies and within five years of Satyam Computers inception that is in 1992 all this Bombay stock became Satyam Computers BSC Infosys was not listed in BSC by the time Satyam Computers was BSC and New York was listed in BSC within two years. It was also listed in the stock exchange and thus an Indian compan.
Became an international company. Satyam Computers gradually increased its employees and the clients of Satyam Computers also increased at the same level with that they started providing software services to many companies in India as well. In America a big company like General Motors General Electrics used Satyam computer services. Satyam Computers services are provided by more American companies than in America. It started with Satyam Computers employees. Satyam Computer did it and Satyam Computers got a lot of investment from investors through public issue and with me the company also started getting good profits. Ramalingaraju established two other companies in connection with Satyam Computers namely Satyam Internet Subsidiary and Satyam Infobe these two companies were also listed in the New Year Stock Exchange in 2000 by the end of the year the number of employees reached 5000. In those days a Telugu company gaining recognition not only in our country but globally and earning profits was a great record moreover in the year 2000
when IT was developing in Hyderabad, the company born in Hyderabad was also considered good for Hyderabad. At the time Satyam Computer provided software services like programming development to 183 Fortune 500 companies. And for the year 2006 the turnover of Satyam Computers exceeded 100 crores and in 2007 Ramalingaraj got the best entrepreneur award from the central government and for the year 2008 the number of Satyam computers crossed 600. that year Satyam Computers achieved a turnover of 200 crores, so Ramalingaraj earned an unexpected profit within two years of establishing Satyam Computer worldwide. About 50,000 people made a name for themselves.and not only in India, Satyam Computers branch was established in 34 countries so Satyam Computers became the top four software company in India and Satyam Computers also started doing social programs. It developed more after 2000 than it developed in 20 years and it was so good till 2000 but as the profits were more than expected Satyam Ramalinga Raju got an idea in 2001.
It can be said that this is where the downfall of Satyam Computers started after 2000 Ramalingaraj noticed that Hyderabad was not developing rapidly and thought that investing in the real estate business would bring good profits in the future so he started investing the profits of Satyam Computers in the real estate business. He put the profits as an investment so it can be thought that there is something wrong in it but once the company stock is listed in excel list.the shareholders board members also have a share in the profits of the company but Ramalingaraju started spending the profits of the company without the permission of the board members. Ramalingaraju satyam computers board of directors and investors. Unbeknownst to him he founded two companies to do his own real estate business Away Mitus Properties Mitus in Raw July 1998 Mitus was also started in May 2005 in Minds Properties Company buying and selling land in Hyderabad building and mocking in apartments and doing government contracts these companies have nothing to do with Satyam Computers just greed of Ramalinga Raju
Because of this.these companies came into being. Satyam if spelled in reverse comes as Mitus but although Ramalinga Raju holds the major shareholding in Satyam Computers he had only 23 percentage share and the remaining 77 percentage share was with the shareholder board members and investors but the profits led Ramalinga Raju to buy assets in his own company Mitas. The deceased was not enough he started selling at 23 percent and the money will come immediately that money will be fully owned by Ramalinga Raju and with that money he can do real estate business but Ramalinga Raju has shown more profits in the company to sell his share the company value increased the amount of the company there were no investors to buy it and so the share value also increased due to the increase in share value Ramalinga Raju got more money when he sold his shares. He bought lands in the name of his own real estate company Maidas. In the year 2000 of 23 percent of Ramalinga Raju share fell to 8 percent by the year 2008. It can be understood how Ramalinga Raju made money by selling his share. This happened for seven years from 2001 to 2008 tenders were called for the rail project Ramalingaju had good relations with the government as the software grew close in Hyderabad and he had contacts with all the political parties. Ramalingaju knew the entire metro rail pla but at the last minute the contracts were given to lnt company as Maidas company did not have the experience and money to do a huge contract like metro.
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