Hinduja Global has prepared 100 day plan for Satyam
Friday, February 13th, 2009Hinduja Global Solutions, the BPO arm of the Hinduja group — one of the interested parties in acquiring the scam-tainted Satyam Computer Services [Get Quote] — said it has chalked out a 100-day plan, just in case it is successful in its attempt. Meanwhile, it has written to the merchant bankers involved in the transaction.
“We are very interested in Satyam and accordingly, we have written to the merchant bankers but are yet to receive any reply,” said Anand Vohra, CFO, Hinduja Global Solutions.
About what would be the plan of action in case the company is successful, he said: “We will need to have a 100-day plan in place. This will look at four essential areas. One team will concentrate on customers and meet with them and address their concerns. Second, we will have a team that will tackle the HR issue and take care of employees issue. Another team will look into the account of the company and last, a team will try and see how we can maintain the cash that the company has and make no further losses.”
Vohra also said the company has not approached the board or any of the bankers in a personal capacity. However, he felt that the board should hasten the process.
When asked if the company was ready to acquire despite the fact that the auditors will still take some time to give the eHinduja Global chalks out 100-day plan, in case it gets Satyam.
