The Satyam Fiasco.

Why would you start a company from scratch, take it to billion dollar dreams and then throw it all away? India wasn't a place for starting a new business, that too in software services; way back in 1987. Mr. Ramlinga Raju did just that. When he spoke to the media yesterday, his company, Satyam Computer Services Ltd., had grown to 53k people with 185 fortune 500 clients and operations in 66 countries.

Those were the times, in 1987, when getting a phone connection took months, foreign travel was a luxury, foreign goods looked with jealousy from neighbours and a four wheeler was big status symbol. Staring a software company took guts, intense passion, hard-work, firm commitment and a dying resolve to attain something. This risk taking adventure was a rarity during times when a secured government job was considered to be a life-long responsibility. Our own license raj was shattered when the new-age companies like Infosys, TCS, Wipro, Satyam and several others made a paradigm shift in the way businesses were managed. India started to make it's mark and the economy shifted gears. Change took place. The world took notice and the country filled with a young generation willing to believe in their abilities and take their chances.

But then, when you start something from nothing, make global footprints, you are a visionary, aren't you? Yesterday we lost a role model, a change leader and a thinker. Is it just greed that allows us to fudge accounts and take the stakeholders for a ride? Let us not argue about who all are invloved.

Corporate frauds have happened at Enron, Tyco, Worldcom, Xerox and several other multinationals in many countries across the world. Let us hope that the concerned authorities manage to do their jobs and take suitable actions. But in all the companies stated above, the frauds were performed by individuals who had come as outsiders in their company. Satyam Computers might be the few instances when the creator itself has destroyed it's creation.