Ram Mynampati
Encyclopedia
Ram Mynampati is an India
n business executive. He was a board member of Satyam Computer Services until January 2009, when news of an accounting fraud at Satyam
broke. He was briefly the interim CEO after the then-Chairman and CEO Ramalinga Raju
admitted to the accounting fraud and stepped down. He was replaced by A. S. Murthy as the CEO on February 5, 2009.
in November 2000. He was President, Satyam’s commercial and healthcare businesses since October 2002. Mynampati had executive responsibility for Satyam's operations across the verticals of Financial Services, Healthcare, Retail, Transportation and Government (about 60% of its business). In addition, he oversaw Satyam's GE and Microsoft accounts. His career at Satyam ended on 23 June 2009, while he was still under a cloud of suspicion for being involved in the multi-crore accounting fraud.
. Mynampati was a board member of Satyam prior to the scandal, but his membership ended when the Indian government dismissed the earlier board and appointed new members to oversee Satyam's activities. After the accounting fraud came to light, Mynampati avoided police enquiry and flew to the US immediately after the new board was installed.
. He is the chairman of the Board of Citisoft Plc., a business and systems consulting firm acquired by Satyam in April 2005, specializing in the investment management space; and Satyam Technologies, Inc., a 100% subsidiary of the Company. Mynampati is also director on the Board of Satyam Venture Engineering Services Pvt. Ltd., a joint venture between the Company and Venture Global Engineering LLC, USA.
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
n business executive. He was a board member of Satyam Computer Services until January 2009, when news of an accounting fraud at Satyam
Satyam scandal
The Satyam Computer Services scandal was publicly announced on 7 January 2009, when Chairman Ramalinga Raju confessed that Satyam's accounts had been falsified.- Aftermath :...
broke. He was briefly the interim CEO after the then-Chairman and CEO Ramalinga Raju
Ramalinga Raju
Ramalinga Raju founded Satyam Computers in 1987 and was its Chairman until January 7, 2009 when he resigned from the Satyam board after admitting to cheating six million shareholders...
admitted to the accounting fraud and stepped down. He was replaced by A. S. Murthy as the CEO on February 5, 2009.
Career at Satyam
Mynampati joined Satyam as Executive Vice President in 1999 and became Executive Vice President and Chief Operating OfficerChief operating officer
A Chief Operating Officer or Director of Operations can be one of the highest-ranking executives in an organization and comprises part of the "C-Suite"...
in November 2000. He was President, Satyam’s commercial and healthcare businesses since October 2002. Mynampati had executive responsibility for Satyam's operations across the verticals of Financial Services, Healthcare, Retail, Transportation and Government (about 60% of its business). In addition, he oversaw Satyam's GE and Microsoft accounts. His career at Satyam ended on 23 June 2009, while he was still under a cloud of suspicion for being involved in the multi-crore accounting fraud.
Accounting fraud
After news of an accounting fraud at Satyam broke on 7 January 2009, Mynampati was appointed to the post due to the resignation and arrest of the then-current chairman and CEO Ramalinga RajuRamalinga Raju
Ramalinga Raju founded Satyam Computers in 1987 and was its Chairman until January 7, 2009 when he resigned from the Satyam board after admitting to cheating six million shareholders...
. Mynampati was a board member of Satyam prior to the scandal, but his membership ended when the Indian government dismissed the earlier board and appointed new members to oversee Satyam's activities. After the accounting fraud came to light, Mynampati avoided police enquiry and flew to the US immediately after the new board was installed.
Other information
Mynampati holds M.S in Computer Science from California State UniversityCalifornia State University
The California State University is a public university system in the state of California. It is one of three public higher education systems in the state, the other two being the University of California system and the California Community College system. It is incorporated as The Trustees of the...
. He is the chairman of the Board of Citisoft Plc., a business and systems consulting firm acquired by Satyam in April 2005, specializing in the investment management space; and Satyam Technologies, Inc., a 100% subsidiary of the Company. Mynampati is also director on the Board of Satyam Venture Engineering Services Pvt. Ltd., a joint venture between the Company and Venture Global Engineering LLC, USA.