Mumbai: US conglomerate General Electric (GE) has extended its “multi-million” dollar contract with Satyam Computer Services Ltd, now Mahindra Satyam, for three years beginning January 2010, the information technology services firm said in a Thursday statement. It did not disclose the exact amount.
GE has been among Satyam’s top five customers for at least a decade now. GE has signed a similar contract with 11 other vendors.
“GE recognizes the support extended over the years by Mahindra Satyam, and their commitment to delivery excellence, even during trying times.” said Steve Morrison ,GDC leader of GE, in a statement.
Arvind Malhotra, global account executive at Mahindra Satyam, said: “We thank the leadership at GE, for having reposed their confidence in us.”
Satyam has seen steep levels of client attrition after India’s largest corporate accounting scandal to date erupted in January after founder and chairman B Ramalinga Raju admitted to fudging the company’s accounts to the tune of Rs7,136 crore.
Tech Mahindra, which bought a majority stake in Satyam through a government-mediated auction in April, has installed a new management at the company and has been actively campaigning to bring clients back.