One man’s poison  is  another man’s food. This saying is highlighted by the way other IT companies are trying to take  advantage of Satyam’s messy situation and try to shift the business of  Satyam to them.

A few large IT companies in Kerala either work with Satyam or are competitors.

The head of a leading IT company said on the condition of anonymity, that across the IT industry efforts to take over Satyam’s clients in India or abroad has begun and they were also at it.

“We are working aggressively in India and abroad for this,” the IT firm chief said.

Kerala is home to around 200 IT companies of varying size that employ close to 25,000 people and have clients across the globe.

Last year, software exports from the state crossed Rs 1,000 crore (Rs 10 billion).

Founder president of Group of Technopark companies (GTECH), Sunil Gupta said that since Thursday, the day after the Satyam chief admitted to a Rs 70 billion fraud, he has been getting frantic calls from clients.

“We work with Satyam for five companies in the country and we are their competitors in the US. The biggest fallout of this would be that clients will now insist on very strict insurance clauses, thereby leading to increased insurance premiums which will be borne by companies like us,” said Gupta, CEO of the Kerala operations of the New Jersey-headquartered Collabera IT company.

Both Mathews and Gupta said since the Satyam bubble burst, they have been flooded with resumes of Satyam employees.

Article Courtesy : IANS

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