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NAME: B. RAMALINGA RAJU
AGE: 51
DESIGNATION: Founder-chairman
STATE: Satyam Computers |
For
Bhimavaram Ramalinga Raju Byrraju, founder-chairman of Satyam
Computer Services, 2006 has been a good year. Satyam has been
experiencing good growth-the 11 per cent sequential growth it
reported in the second quarter of 2006-07 is its best in the last
five years; it added more than 4,000 employees during this quarter
to take its headcount to nearly 35,000; and its topline is expected
to touch Rs 6,452 crore by the end of this financial year. On
the bourses, Satyam's stock has given returns of more than 38
per cent in the last 12 months. For Raju personally, his appointment
in April as Chairman of National Association of Software and Service
Companies (NASSCOM) came as a long overdue recognition of his
pioneering contribution to the growth of the Indian it industry
and his achievement in building Satyam into the fourth-largest
it services company in India.
Hailing from an agricultural family, Raju
forayed into textiles and construction when he returned to India
in 1977 after completing his MBA from Ohio University in the us,
before realising the potential of the it services sector. Since
then, Satyam's success has been a well-chronicled story. Result:
Raju, who, along with his co-promoters, holds about 14 per cent
in the company, routinely figures in the lists of the richest
Indians. His management style: the soft spoken Raju believes in
empowering his team and then leaves it to individual executives
to deliver on stiff targets.
But it hasn't been smooth sailing all the
way. Satyam growth, though impressive, has lagged the Big Three
of the Indian IT sector-TCS, Infosys Technologies and Wipro. Six
years back, it was approximately the same size as Infosys; today
the latter is almost double its size.
There are now rumours-which he has repeatedly
denied-that Raju wants to exit Satyam. In the first week of December,
there was speculation that IBM had conducted a due diligence of
Satyam. Both companies denied the reports. With a market cap in
excess of Rs 30,000 crore, any move to acquire even a small stake
will be an expensive proposition. Raju, for his part, shrugs off
such market gossip and is focussing on accelerating Satyam's growth
even as he plays the elder statesman role at NASSCOM.
-Venkatesha Babu
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