THE TECH PHOENIX

"This book is a must-read for anyone interested in corporate governance--practitioners, academics, students, or policymakers." --Kiran Karnik

On the morning of January 7, 2009, India and the global IT community were stunned as a letter from B. Ramalinga Raju, chairman of Satyam Computers, appeared on all news channels. Raju confessed to manipulating the companys books for years, despite regular audits. The revelation had immediate consequences: Satyams stock prices plummeted, thousands of employees were affected, and Indias reputation as a leading IT service provider was tarnished.

The Tech Phoenix: Satyams 100-Day Turnaround begins at this crisis point. The government quickly intervened, appointing a new board composed of eminent leaders from various fields. T.N.Manoharan, one of these board members, recounts the extraordinary events of the next 100 days--the fastest corporate turnaround in history.

This compelling account details the meticulous planning, dedication, and decisive actions that restored a fallen company. It also explores the selection of a new investor who infused capital and took control, highlighting the lessons learned in safeguarding stakeholders--employees, investors, and customers--and restoring Indias global corporate image.