Creation is only the first phase. You then have to move on to the next phase of sustaining that creation to the realm of Vishnu the preserver… Perhaps that is why Vishnu comes not in one, but in ten incarnations.
- Anand Mahindra, February 13, 2008, Nasscom Leadership Summit
Shape of Things to Come
This restructuring is not unusual as all the top four Indian IT companies follow the same approach. This industry-focussed structure needs a sales and marketing team that really understands forces that are shaping the industry. For instance, “you would typically need to staff the relationship manager role with MBAs who can do blue-sky [concept-based] selling,” says Phaneesh Murthy, CEO of iGate Global and one of the pioneers of this sort of selling.
Those Left Behind
Until now margin employee reduction is the one lever the company has used to boost margins. Since the scandal broke, almost 6,000 people have quit. Now 10,000 people have been asked to go on leave with 40 percent of their salaries (under the “VPP” or the Virtual Pool Policy). Insiders expect another 3,000 people to leave.
(This story appears in the 17 July, 2009 issue of Forbes India. To visit our Archives, click here.)
So all those retained are the best eh ??? There are still those people who have pulled down the company by creating their own work kingdom and bunch of spoilsters and they say they are going to revive.....LOOK AT THE LIST OF VPP people and their background. Many are victimized, due to partiality.....can you look into it Vineet, CP and Anand Mahindra. Afterall the story of Mahindra is story of India and what have you done to Indian Professionals ?
on Jul 24, 2009During the Raju era, those people who had been running the company and have brought it to such a pathetic state. Even now after being taken over by the mahindras, those so called KEY 100 employees have been retained and the innocent 10000 people have been shown the exit path through VPP. I wonder what these 100 cash gluttons are gonna do to revive the company. Wont be surprised if the company doesn't get back its lost glory.
on Jul 16, 2009Approx. 6,000 Management Trainees and Engineering Graduates from 2008- 2009 batch are still waiting with offer latter from Satyam Computer Services Ltd. Till date there is no communication from Management about the same. Students with education loans still suffering and to add on Global Economic Recession there is no job for Freshers. Some how for these young graduates there is no job and no hope. Now the current Management is also not communicating to them or responding to there queries!!! Strange...very strange "India Shining" huh!!
on Jul 16, 2009