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Case Study Of Tech Mahindra

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b)Won the confidence and carried out voting to gather consent of Shareholders:
A meeting of the equity shareholders was held on June 7, 2012 in Mumbai at which a poll was conducted for the purpose of sanctioning and incase sanctioned, approve with or without modification of the designed scheme of Amalgamation and Arrangement under the Companies Act, 1956.At the meeting a separate resolution was also considered in relation to the reduction of the securities premium of Tech Mahindra Ltd, in terms of provisions of the proposed scheme. The scheme and the aforesaid reduction was approved by requisite majority in number 99.81% and value 99.99% by the equity shareholders present at the meeting and voting in person or by a representative. This effectively indicates that the company communicated with its shareholders and took their opinion into consideration before the merger. …show more content…

To keep the promise made to the employees, it was planning to make use of the existing work force rather than hiring new employees. The newly formed management team scrutinized the whole process and aimed at a higher growth rate. The beauty of this execution strategy was quite evident when Mr.Mukesh Ambani cited Satyam’s turnaround as a great example of improving corporate governance in India, during the show ‘The Politics of Economics’.
Tech Mahindra has a long way to go and what happened was just the beginning. A lot need to be done along the way but it should be appreciated that the way of revival has been quite efficient and quick. With a broadened client base, Mahindra Satyam could really hope for a boom in the IT services and thereby regain its lost name. Tech Mahindra is determined to showcase the Satyam turnaround, preserve the interests of global customers& Implement highest standard of corporate

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