A day after announcing the merger of Satyam Computer with Tech Mahindra, C.P. Gurnani and Vineet Nayyar addressed the 84,000 employees of the company, asking them to now focus on Mission 2015, when the company plans to achieve a turnover of $5 billion.
Using mass broadcast avenues, their messages were delivered to all the employees.
“This journey has given great satisfaction for all of us. This journey brought the two companies together. We will have an organisation that people, associates, customers and shareholders will be proud of,” said Gurnani, Tech Mahindra’s MD and CEO.
“The legal merger is just a formality. We have all been working as one for quite some time,” he said.
The company formally announced the merger after submitting certified copies of an Andhra Pradesh High Court order to the Registrar of Companies.
The combined entity has a turnover of $2.7 billion turnover, with the telecom vertical contributing about 50 per cent.
Vineet Nayyar, Executive Vice-Chairman of the company, said the management and employees had nursed the ailing Satyam Computer from a near-death situation to a dynamic firm.
“Our objective is to create a company that can be a global leader offering full IT and telecom services,” he said.
Some said taking Satyam could be a risk, he recalled, adding: “But then we knew the capability and competencies of our teams that could turnaround things.”