The Tech Phoenix
V. Pattabhi Ram, T.N. Manoharan . Rupa Publications India . English
�This book is a must-read for all those interested in corporate governance, whether practitioners, academics, students or policymakers.� �<b>Kiran Karnik</b> <br>On the morning of 7 January 2009, India and the global IT community watched in horror as a letter written by the chairman of Satyam Computers, B. Ramalinga Raju, flashed on all news channels.<br> The tech czar confessed to fixing the books for years together, audits notwithstanding. This led to a host of consequences�Satyam stock prices crashed, its large employee base was deeply affected, and most importantly, India�s reputation as a premier IT service provider was sullied.<br> However, the story does not end there. In fact, <i>The Tech Phoenix: Satyam�s 100-Day Turnaround</i> only begins at this point. The government swiftly stepped in and nominated a board, with leading figures from various fields. T.N. Manoharan, one of these board members, narrates the events of the tumultuous 100 days immediately following Raju�s letter, in what is the fastest turnaround in corporate history.<br> This remarkable corporate rescue operation is an engrossing story that culminates in the selection of an investor who infuses capital and takes control. It offers an insider�s account of the detailed planning and dedication that resurrected a fallen but storied company, and the lessons learnt in the process of protecting the interests of the stakeholders�employees, investors and customers�and redeeming India�s global image.
Categories: Fiction
About the Author
<b>T.N. Manoharan</b> is currently a member of the RBI�s Standing External Advisory Committee for evaluating applications for universal banks and small finance banks. He is also the chairman of IDBI Bank and is a member of the boards of Mahindra & Mahindra, Tech Mahindra and the National Bank for Financing Infrastructure and Development. He is a chartered accountant (CA) of 39 years� standing and a law graduate.<br> Manoharan was part of the government-nominated board for the revival of Satyam Computer Services Limited. He served as chairman of the committee on Accounting Standards and Taxation of the Confederation of Indian Industry during 2009�11 and was the president of the Institute of Chartered Accountants of India in 2006�07. He has authored books for professionals and students on taxation.<br> He has received several awards including the CNN-IBN �Indian of the Year 2009� from the Prime Minister of India. He was awarded the Padma Shri on 7 April 2010.<br><br> <b>V. Pattabhi Ram</b> is an author, public speaker and teacher, besides being a CA. An alumnus of St. Joseph�s College, Tiruchi, he interned at the audit house Deloitte. He has taught over 75,000 CA students and is a regular speaker at the professional seminars circuit. His books include <i>Ticking Times: An Accountant and a Gentleman</i>, a novel set in the backdrop of the audit profession;<i> A Few Good Men</i>, and <i>Nightingales: How Eleven Women Overcame Obstacles on the Road of Life</i>, both biosketches; <i>Building a Legacy</i>, a biography of A. Ramakrishna, the former deputy managing director of L&T, which was released by the Vice President of India. His book <i>First Lessons in Strategic Financial Management</i>, co-authored with S.D. Bala, is a popular textbook among CA students.
