Turning the tide
Satyam's turnaround-from a scandal-hit company with an uncertain future to a company that recently reported a 10 times increase in its year-on-year profits-has taken many watchers by surprise. One Indian commentator wondered if Mahindra Satyam is the next dark horse of the Indian IT industry. With a hefty dose of good luck, he wrote, this company could become the next Cognizant--the US-based company that beat Wipro earlier this year to become the third biggest IT services company.