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vocates Collective materialism i.e. collective
growth through collective caring and sharing.
A true gentleman in his own way.
• His company Sahara India was mentioned as
the second largest employer in India in the
year 2004 and the company claimed to have
a workforce of more than a million which in-
cluded his salaried employees and field work-
ers also 29.6 million investors.
• Subrata roy’s efforts has always been rec-
ognized and he has bragged various awards
such as; Business Icon of the year 2011, ITA-
TV Icon of the year 2007m Global Leadership
Award 2004, Vocational Award for Excellence
2010 and so on.
• Just not the businessmen, he is also a writ-
er and has written two famous books Shanti,
Sukh: Santushti in 1994 and Maan, Samman,
Atmasamman, which proves his creativity in
the way whatever he does.
The SATYAM(honest) man turned dishonest
• He belonged to a family of farmers and who
knew, he would end up being the CEO and
promoter of an IT based company. Yes, we are
talking about Byrraju Ramalinga Raju and his
own SATYAM corporation: an IT based com-
pany which achieved the targeted sales of 3
billion in just the third quarter of 2007, not
only that but SATYAM corporation was the
first Indian IT company to be listed globally
and be featured in Fortune 500 list and was
rolling high when the recession hit the Indian
shores.
• Ramalinga Raju was the first generation busi-
ness men to step out of his family business
but his love for his family at the same time
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was immense indeed he was a heart of lov-
ing father, husband, son and so on, and hence
the board of Satyam consisted only Family
and immediate community of Raju’s.
• Maytas; an Infrastructure Business was a
separate entity which had Ramilinga Raju
Junior as the Chairperson and his wife as a
major shareholder. The business was award-
ed as the Hyderabad Metro Contract before
the bubble burst.
• Ramalinga Raju manipulated the sales in ac-
counts logs of Satyam just for the reason if
safeguarding the interest of its shareholders
against the volatile market operation during
the time of recession.
• Ramalinga Raju never cheated his share-
holder by any means of money laundering or
theft. He just wanted to do the best for this
shareholders and their perspective.
• The one worst and deadly error of Ramalinga
Raju was to purchase land at any given cost,
without even considering the future prospec-
tive of those projects. And, that was the grave
mistake which lead to reducing Satyam’s as-
sets with heavy cash outflow directed out-
wards the company.
• The recession also resulted into depreciation
of land valuation held in the hands of May-
tas. That was the time when everything was
exposed in front of the public, whistle blew
against Satyam and Ramlinga Raju which
held them the culprit of mass destruction of
people’s trust in them. It might be the case
that Ramalinga Raju had a natural care for
his off-springs. With his shrewd mind, it took
him no long to lose everything he had once
just be committing one bad deed.
DYNAMISM(E)