When Ramalinga Raju (born September 16, 1954, Andhra Pradesh) was born to a wealthy agricultural family. He took over the family business consisting of construction besides agriculture when his grandfather died. He is the founder of Satyam group which has become a multinational company. His net worth is estimated to be $650 million according to Forbes.
Education & Career of Ramalinga Raju
Ramalinga Raju completed his graduation, B.Com., in 1975 from Andhra Loyola College at Vijayawada, Andhra Pradesh and took his MBA from Ohio University. He also went to Harvard for the Owner / President course. He returned to India in 1977 and set up Sri Satyam, a spinning and weaving mill. He started Satyam Constructions, a real estate business.
It was in the late eighties that he took interest in IT and started a company Satyam Computer Services in 1987. Later in 1995 Satyam Infoway (Sify) was launched, the first Indian internet service market. Satyam serves 44 Fortune 500 and more than 390 multinational corporations. Satyam became a Rs 1,890 crore group in 2001-2002.
Important Works of Ramalinga Raju
Satyam was perhaps the first Indian company to move into outsourcing in 1991 beginning with John Deere & Co at Molin (Illinois) where JD & Co was located. Later Satyam floated a number of subsidiaries mainly marketing outfits such as Satyam Asia (Singapore), Satyam Japan, and Satyam Europe (Basington, London).
There were smaller ones for specific short term work such as Vision Labs and Dr Millennium for Y2K-related work. Most of these subsidiaries were no longer viable. Some were wound up. The biggest of these subsidiaries is the Satyam Infoway. Sify started as an electronic data interchange (EDI) company. The company became an Internet service provider and in 1999 the first Indian Internet company to be listed on the NASDAQ.
In collaboration with Carnegie Mellon University in 1999, SCS evolved quality standards for business process outsourcing companies called ‘eSCM’. Satyam Computer Services bought over Sify’s software business for $6.9 million. Satyam Computer Services is one of the Top 20 exporters. Satyam has also launched its operations in China in domain expertise.
Awards and Achievements for Ramalinga Raju
Ramalinga Raju received several awards and honors including E&Y Entrepreneur of the Year (2007); Asia Business Leader Award by CNBC (2002); Dataquest IT Man of the Year Award (2000) and Ernst & Young Entrepreneur of the Year Services award (1999).