Indian outsourcer Satyam Computer Services is now Mahindra Satyam.
This is a step that will help Stayam to recover, emerge and draws values from Mahindra group, and refelects its ownership.
Mahindra Satyam will be only a go-to-market brand, while the company's name stays the same.
The US $6.3 billion Mahindra Group is among the top 10 industrial houses in India. Mahindra is the market leader in multi-utility vehicles in India. It made a milestone entry into the passenger car segment with the Logan. Mahindra & Mahindra is the only Indian company among the top tractor brands in the world.
Tech Mahindra is a leading provider of solutions and services to the telecommunications industry, with a majority stake owned by Mahindra & Mahindra Limited, in partnership with British Telecommunications plc. With total revenues of Rs 44,647 million in the year ended March 31, 2009.
Vineet Nayyar, Executive Vice Chairman, Satyam Board, commenting on the new identity, "This is a significant milestone towards the recovery of the company. We are optimistic that this new brand will re-energize the organization and will be well received by all our stakeholders. With this initiative, we will witness steps by the management to adopt and inculcate the values of 'performance and customer first', and 'good corporate governance and citizenship', which are drawn from the Mahindra Group.
