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Mahindra Satyam to merge with Tech Mahindra

6/24/2009 11:18:00 AM

Mumbai, June (EPC News): Mahindra Satyam, the rechristened Satyam Computer Services, will merge with Tech Mahindra as part of an effort to promote greater synergies.

Both Mahindra Satyam and Tech Mahindra will exist under the Mahindra group umbrella, but will act as one entity. The press meet was held to announce appointments of the new executives at Mahindra Satyam. C P Gurnani, Head of Global Operations of Tech Mahindra, is now CEO (of Mahindra Satyam) while Sanjay Kalra, who was President (Strategic Initiative) at Tech Mahindra, has been elevated as the CEO. S Durga Shankar is the new Chief Financial Officer of Mahindra Satyam while Vineet Nayyar takes over as Vice-Chairman. Kiran Karnik will remain Chairman.