Author Archive for Vinay
“Spurring Value creation in IT services”, I read this interview by Mckinsey quarterly way back in September 2007. With each word, and each comma the fervor for the interviewee multiplied in my mind.Those words taught about a new business language, leadership values and a ‘dynamic’ model that will create a balance between all tasks in the organisation.
That Dynamic model was “Satyam Way”, and the interviewee Ramalinga Raju. Little did i know that Satyam shares i bought in bulk after reading that ‘dynamic model’ will go off roads within an year.
Many hearts sank faster than the Satyam shares and whole of the Indian IT industry went defensive. The swollen markets and faces made the accident worse. It was very easy for ‘created’ muddle to produce ripples that could shake the foundations of the markets. The Indian Government acted as an ephemeral spine for Satyam computers with firm thought that it won’t subsidize the wrong doing and fraud directly or in-directly. Rather than acting like a Dady feeding his Spoiled kid with chocolates; like the way Uncle Sam feeded the bankrupt companies with so called nourishing bailout packages, Indian Government made it sure that Indians’ tax money is not used as a curtain to cover the rape of Corporate Governance. Instead of eyeing the public accounts, it made the biding open for private players to save the doomed enterprise and relaxed code regulations of Securities and Exchange board of India. At every step Indian Government planned to save Polio riden enterprise from cruches and look for a prosthesis that will help regain its shape and momentum again.
Only time and the stock market will tell how the government of India has faired in this task, but one thing is for sure that every element engaged in the scene has gained from this strategy be it the private enterprise who took over, Satyam clients, shareholders and employees and the common man whose hard earned penny could have gone for the higher management’s wine and cheese bills.
While Ramalinga Raju is still figuring out the dynamic ‘Satyam Way’ model in jail and Uncle Sam is running after Financial giants to check the bonuses like a mom with a glass of milk and stick , Indian Government is having a sound ‘proud’ sleep; not literally though.