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Satyam's Mynampati in US to reassure clients

January 13, 2009 13:40 IST

Satyam's [Get Quote] interim CEO Ram Mynampati is in the US to reassure clients about the beleaguered company's ability to serve them.

"Ram is in the US to meet with customers and is in touch with the board," Satyam global marketing and communication Head Hari Thallapalli told PTI.

The interim management is running the day-to-day business till the three-member board appointed by the government finds a new chief executive officer as also a chief financial officer.

Mynampati, who was appointed interim CEO by the residual members of the original Satyam board, was quizzed for nearly three days by the Securities and Exchange Board of India in the aftermath of company founder Ramalinga Raju's disclosure that he cooked the It firm's books.

Raju and his brother Rama Raju and Satyam CFO Vadlamani Srinivas have since been arrested and are in judicial custody.

The company's new board comprising banker Deepak Parekh, IT expert Kiran Karnik and former Sebi member C Achuthan met for the first time on Monday and agreed on issues of top priority - bringing in a new management team and meeting fund requirements.

Mynampati's visit comes amid speculation that a chunk of Satyam's business would be diverted to rivals, including TCS [Get Quote] and others.

Software industry body Nasscom has asked Indian IT companies not to poach Satyam's clients. The country's second largest IT exporter Infosys [Get Quote] and the third largest Wipro [Get Quote] have said they would not approach Satyam's clients pro-actively.

"Other members of the management too are meeting with clients," Thallapalli said.



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