Satyam

Satyam was an Indian multinational IT services company known for providing consulting, software development, and outsourcing services. In 2009, it was involved in a major corporate scandal when its founder and management falsely inflated the company’s revenue and assets to appear more successful. This deception undermined investor trust and led to a financial crisis for the company. The scandal was one of India’s largest corporate frauds, prompting government investigations, legal action, and the eventual acquisition of Satyam by Tech Mahindra. The case highlighted the importance of transparency, corporate governance, and ethical practices in business.