(I had contributed this post for NASSCOM EMERGE)

The Satyam fiasco is all over the news, grabbing headlines and airtime alike. Its probably unprecedented that an IT company or even an Indian corporate has been the overwhelming topic of discussion over the past couple of days, and rightly so.

Satyam isn’t just another company, its one of the most respected IT companies and in the league of the Big 5 software companies. It all started with the aborted deal for Maytas (Satyam spelled backwards) infrastructure, a company floated by the Rajus. In a bid to acquire a 100% stake in the company for an unrealistic $1.6 billion, the markets reacted and the stock saw a sharp decline in its value. What followed was an exodus of directors, the chairman Ramalingam Raju’s resignation and his shocking disclosure of the accounting irregularities to sex up the stock price. Subsequently, what followed sadly, is history. 

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