Rajus of Satyam Computers consider Exit

The buzz on the Rajus' plan to exit Satyam has been doing the rounds for the last two years. Earlier, there were speculation that IBM would takeover the company. "Though constantly denied, the fact that these tales persisted goes to show that there cannot be smoke without fire,'' says a top Hyderabad businessman who has known Ramalinga Raju for long. Raju, who started off his entrepreneurial career in the construction business, has a fascination for the real estate and related industry, say people who know him. This is precisely the reason why Maytas (which is Satyam spelt in reverse) was spawned by Ramalinga Raju a few years ago. Maytas has now grown big and comprises Maytas Infra and Maytas Properties. The former's order book is over Rs 12,000 crore besides the Hyderabad Metro Rail project.


Sources said if the sell-out by Satyam does not happen or till such time that it happens, B Rama Raju, the co founder and brother of Ramalinga Raju and managing director of the company, will step down from his executive position and make way for a salaried professional managing director. "He will continue as a non-executive director,'' sources said. Similarly it is expected that Ramalinga Raju might himself become a non-executive chairman of the Satyam board.