Mahindra Satyam enlists new clients

Hyderabad,Nov 9: The major Indian Information Technology (IT) services firm, Mahindra Satyam, has added 35 new clients since April 13 and lost just three clients.A top official of the company said here on Monday that "I do believe that we are now stable from a customer or a delivery perspective." He said that the worst is behind the company.Mahindra Satyam was earlier known as Satyam Computer Services.Satyam was acquired by India's Tech Mahindra in an auction in April after the firm was hit by India's biggest corporate fraud,which came to light in January.However, the top official claims,"I am very, very clear that the bottom is behind us and we are back on a path to recovery.

"He added that the company,which lost 25 to 30 per cent of its customers between January and Tech Mahindra's agreement to take over the firm on April 13, had since then added 35 new customers. The firm had about 380 customers when Tech Mahindra won an auction to take it over, he explained.The restatement of company results for the past several years would be made on or before June 30,next year,he maintained.