Firstly I would like to say that this blog is written purely from my own perception of the situation that is running around the SATYAM today.....Please note that I am not here to debate with anyone nor I am writing this to impress someone ........
Request all the readers to be very patient and read through the complete blog........
SATYAM the word itself says TRUTH and today the whole world treat it as ASATHYAM (a lie)... Let’s start looking at the situation step-by-step:
What has happened??
Do not think this question will come to anyone in our country who has at least watched any of the news channels (for at-least half an hour) since last 72 hrs ... Each of these channels are very busy trying to show trenchant(distinct) news to increase their TRP's on this issue.... But let me try to explain more detail point to point (as mentioned above it’s purely my own perceptive)......
1. As you all know our CEO and the IDOL(till 6th January 2009) of many Young Entrepreneur’s have released a note to the SATYAM board members and to press about his resignation with some un-acceptable facts i.e., Profits SATYAM is showing since last few quarters where not true..... On a simple note Mr. Raju is telling the world that they have been fooling everyone since last two yrs ..... Can anyone believe this??
2. Currently they are showing Inflated cash and bank balances of over Rs 5000 crores .... and surprisingly he also stated that September quarter (Q2) the reported operating margin of Rs. 649 crores is not true and the actual profit is 61 Crores.... (as a SATYAM employee since last 30 months i will not accept this....)
This is happening over a period of several years and the marginal gap between the operational and actual profit has grown drastically over the years.......
Hope now everyone understood what the current situation SATYAM is running on...is
What is happening???
1. As per the new SATYAM management the liquefied funds are not encouraging to run the organizations’ day-to-day operations and are still looking for different options..
Request all the readers to be very patient and read through the complete blog........
SATYAM the word itself says TRUTH and today the whole world treat it as ASATHYAM (a lie)... Let’s start looking at the situation step-by-step:
What has happened??
Do not think this question will come to anyone in our country who has at least watched any of the news channels (for at-least half an hour) since last 72 hrs ... Each of these channels are very busy trying to show trenchant(distinct) news to increase their TRP's on this issue.... But let me try to explain more detail point to point (as mentioned above it’s purely my own perceptive)......
1. As you all know our CEO and the IDOL(till 6th January 2009) of many Young Entrepreneur’s have released a note to the SATYAM board members and to press about his resignation with some un-acceptable facts i.e., Profits SATYAM is showing since last few quarters where not true..... On a simple note Mr. Raju is telling the world that they have been fooling everyone since last two yrs ..... Can anyone believe this??
2. Currently they are showing Inflated cash and bank balances of over Rs 5000 crores .... and surprisingly he also stated that September quarter (Q2) the reported operating margin of Rs. 649 crores is not true and the actual profit is 61 Crores.... (as a SATYAM employee since last 30 months i will not accept this....)
This is happening over a period of several years and the marginal gap between the operational and actual profit has grown drastically over the years.......
Hope now everyone understood what the current situation SATYAM is running on...is
What is happening???
1. As per the new SATYAM management the liquefied funds are not encouraging to run the organizations’ day-to-day operations and are still looking for different options..
2. Govt of India has dismissed the currently running and active board members and had taken a decision to replace it with the government recommended members (10) soon...
Well now to say as an employee everyone in SATYAM are tensed on wt is the future of all the associates since it is having an associate count of 53,000 ... which according to anyone is a huge number.......
Myself I am BIG fan of Mr. Raju and he is one of the most admired and respected individual in India since he showed the world the power of Indian economy at a point…. and today he himself had given a beating for it…..... But remember people this is not India neither SATYAM its an individual who committed this mistake not the 53,000 employees who work day-night to build up their career and also improve the company reputation in the GLOBAL market....... I myself had many sleepless nites to meet our project deadlines, to increase customer satisfaction, meet their business requirements, support their mission critical applications........ In the same way each and everyone in my team, account and Company had many similar situations....
We are never bothered about wt operational margins company is showing .... we r only bothered and happy about our coffee breaks, Lunch in the near by restaurants, bday parties with in teams, some entertainment at wrk, be on TOP of the world when some one appreciates with a small email and finally at the end of the year fight for our appraisals......
As an employee with experience of 30 months we only know to manage our applications and always relaxed that our Leadership team taking care of the revenues and marginal profits to meet the competition….... But today we all realized that we are the only one doing the job sincerely not our so called CORPORATE GOVERNENCE team….Everyone resigned the board and do not even have some time to share with the associates wt exactly happened (other than Raju) as they had their own share ........ Remember all those DIRECTORS who resigned - every SATYAMITE is a leader and this is true but unfortunately you are nvr LEADERS nor SATYAMITES because u have never been to the ground reality of work...... I AM A TRUE SATYAMITE and will stand by the company till the last minute until my management says "TEAM IT IS DONE"........
SATYAM might have one founder but world please remember just a FOUNDATION for a construction will not suffice and is always useless… Only the pillars which are very important for any construction and we all are the pillars for this Company......... We built this organization and are never owned by any individual or any family......
I always have a respect to our FOUNDER and CHAIRMAN Mr. Ramalinga Raju for his thoughts in building this business and giving a life or career to more than hundred thousand families but he also proved that no human is an exception from greedy and money power....
Now its not the life of 53,000 SATYAMITES but their families and their responsibilities ............Lets not loose the hope and I request each and evryone in SATYAM to stand by the organization which gave us a career to stand and build dreams out of it...... Not every human will think the same (Thanks to Raghu for remembering this to me) and i agree there are many ppl who r in deep frustration but its jst a request to everyone in SATYAM not to jump out it when it is ship is sinking rather try protecting it with your value ...........
Many might ask a question that what can you do at your level to bring this organization back.... But remember it’s we (each and everyone) who had built this organization and I am 100% sure that each and every one of us have a share in building the revenues and brand for the company....... Imagine one person all of a sudden had resigned to his regular operations and move out to a new company …the application or project he is working on will suffer and at the same time Customer will suffer which implies everyone in the project or team will be blamed resulting a loss of project and possibly the account …If some how this news is in the hands of Media .... They start saying tat all the projects/accounts in the SATYAM are taking a decision to move away and this single statement make a very big impact............
Many can debate on each and everything i say here but I just want to pass on a message on to BE COOL and STAY WITH OUR COMPANY during tough times...... I am sure company will not leave us on AIR saying us to look for our own opportunities......
Ultimately Mr. Raju sir I am thankful to you always for giving us a chance to build our own career but this time what you have done is not correct and I am not sure of the reason behind this and so I do not want to comment on this............but I can only PRAY GOD to give you peace in you rest of the life..... SATYAM will always MISS YOU....
I am sure for many what all I have written might be funny or foolish and think I am being over emotional but wt can we do WE INDIANS ARE EMOTIONAL and I AM PROUD TO BE AN INDIAN.......
Once again sorry if I have hurt anyone's feelings but just want to communicate everyone that
"THIS IS NOT BUSINESS WHICH IS OWNED BY A SINGLE INDIVIDUAL OR FAMILY AND ITS OUR BUSINESS, FUTURE AND CAREER WE ARE PART OF IT LET’S BRING BACK THE SPIRIT OF SATYAM AND SHOW THE WORLD THAT EVERY SATYAMITE IS A LEADER....... "
I am not sure whether the company BRAND name will exist or not but I will always be proud of it..........
Before I close this blog I would also want to tell few people that SATYAM IS NOT A TAINTED COMPANY and what is can only say that it is time to say "NARAYANA" and take some rest ....Please do not try to behave like a politician taking the advantage of TOUGH situations… It’s a matter of 53,000 employees’ career and future…
Finally.....
“Our greatest glory is not in ever falling but in rising every time we fall.”
