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Company History - Satyam Computer Services Ltd. (Merged) 1987 - On 24th June company was incorporated as a Private Limited Co. for providing Software Development and Consultancy Services to large corporations. The company was promoted by B Rama Raju and B Ramalinga Raju.
Venture Global Engineering [ 1] , a company incorporated in the United States of America and Satyam Computer Services Limited [ 2] entered into a Joint Venture Agreement to constitute a company named Satyam Venture Engineering Services Ltd [ 3] in which both the appellant and respondent have 50 per cent equity shareholding.
The first respondent - Satyam Computer Services Ltd. could not have pursued the enforcement proceedings in the District Court in Michigan, USA in the teeth of the injunction granted by the Courts in India which also, on the basis of the Comity of Courts should have been respected by the District Court in Michigan.
- The company has also set up India’s first Indian Institute of Information Technology and is the first software company in India to get accredited by (SEI CMM) level 5 certificates. - Satyam Infoway Ltd, is the second largest Internet services provider in India based on the number of customers.