Here is a concise profile and memoir of Ramalinga Raju. Find out about data on Ramalinga Raju of Satyam PCs.

Here is a concise profile and memoir of Ramalinga Raju. Find out about data on Ramalinga Raju of Satyam PCs.

Profile of Ramalinga Raju Ramalinga Raju was born: September 16, 1954
Accomplishment: Chairman of Satyam Computer Services Ltd. and its founder; Ramalinga Raju was named Ernst & Young Entrepreneur of the Year for Services in 1999. He was one of India’s early IT pioneers. Ramalinga Raju is the chairman and founder of Satyam Computer Services Ltd. He was born on September 16, 1954, into a farming family. He received his Bachelor of Commerce degree from Andhra Loyola College in Vijayawada and his MBA degree from Ohio University in the United States. Harvard was another place Ramalinga Raju attended. He took the Harvard Owner / President course.

Ramalinga Raju left the traditional agriculture industry and established a spinning and weaving mill known as Sri Satyam upon his return to India in 1977. After that, he moved into the real estate industry and established Satyam Constructions, a construction company. Ramalinga Raju and DVS Raju, one of his brothers-in-law, started Satyam Computer Services in 1987. In 1992, the company went public. When Satyam Infoway (Sify) went live, it was one of the first companies to enter the Indian internet service market. Today, Satyam has a worldwide presence and serves 44 Fortune 500 and north of 390 global enterprises.

Ramalinga Raju has won a few honors and praises. These incorporate Ernst and Youthful Business visionary of the Year for Administrations in 1999, Dataquest IT Man of the Year in 2000, CNBC’s Asian Business Pioneer – Corporate Resident of the Year grant in 2002 and E&Y Business person of the Year Grant in 2007.

After a failed attempt to acquire Raju’s family-owned Maytas in December 2008, Satyam’s ever-increasing share prices experienced a sharp decline. After admitting significant financial wrongdoing, Raju resigned from his position as Chairman of Satyam in January 2009. Raju admitted in January 2009 that he had inflated the company’s profits over the past few years. The 7,800-crore fraud began as a cover-up for poor quarterly performance and grew significantly over time.

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