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What happened to SATYAM computers...? I need a detailed explanation..?
1 Answer
- Tom ZLv 71 decade agoFavorite Answer
After years of vastly inflating profits, it turns out Satyam isn’t a rapid-growth bellwether of India’s flagship industry. The reality is shocking. Satyam’s operating margin wasn’t the 24% as shown in its accounts audited by PricewaterhouseCoopers, but just 3%. And Satyam had nothing close to the reported Rs5,360 crore ($1.1 billion) cash pile on its balance sheet. The real amount was just a measly $78 million.
