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Rediff.com  » Business » Tech Mahindra to woo Satyam's Oz clients

Tech Mahindra to woo Satyam's Oz clients

June 25, 2009 15:53 IST

Tech Mahindra, which took over scandal hit Satyam Computer Services, will hold high-level talks with key Australian corporate clients of the troubled IT firm in a bid to salvage the reputation of the company.

National Australia Bank is one of the key customers Tech Mahindra executive vice-chairman Vineet Nayyar will be meeting next week.

Nayyar will be in town to spread Satyam's new identity after it was renamed Mahindra Satyam, and try to regain its standing with the NAB and clients such as Qantas and Suncorp.

In February, the NAB suspended work on the second phase of an outsourcing contract after Satyam's co-founder admitted cooking the books to the tune of $ 1 billion, The Australian reports.

Satyam continues to provide application development and IT maintenance services to the NAB. "We still have a relationship with Satyam, but we haven't committed to anything further with them," NAB Group Business Services Chief Gavin Slater said.

"We've been monitoring the situation closely and Satyam has been meeting all the service-level agreements that have been in place," he added.

Slater confirmed he would be in talks with Nayyar, who will be in Melbourne and Sydney as part of a three-day visit.

"As you would expect, they're very keen to continue the relationship with the NAB," Slater said.

The talks would not result in specific decisions, he said. "We'll make any decisions (regarding Mahindra Satyam) in the future as we see fit."

NAB's outsourcing programme is part of a plan to upgrade the bank's legacy technology systems that includes spending $ 1 billion over five years on revamping its core banking systems.

Source: ANI