Shanthi Kannan

CHENNAI: The recent acquisition of Satyam by Tech Mahindra has created more troubles for Satyam employees.

Three of the top executives of Satyam BPO put in their papers to seek better opportunities.

According to official sources, the three senior managers include Naresh Jhangiani, Satyam BPO Global Head (Human Resources), V. Satyanandam (Head of corporate services), and Kulwinder Singh (Head of marketing-Asia Pacific).

The sources have also indicated that the variable payments, which were due from January to March, 2009, have not been paid so far. Even though the company had assured the employees that the variable pay would be paid/disbursed by April, till date it had not been done.

Instead, a circular from the head of Human Resources of Satyam has been forwarded to the employees stating further delay in the payment. Sources said that these variables were given to employees when the company was under government control.

The sources also pointed out that there had been lay-offs even though the new owner, Tech Mahindra, had assured that there would be no retrenchment in spite of excess staff of 8,000.

However, according to a Satyam spokesperson, apart from Jhangiani, the other two executives are from middle management. They had put in their papers a month or two ago.

He also maintained that the exit of the three people would have no impact on the company.

“The company is looking at smoothening the process and no significant impact is expected on the daily operations as these executives work for supporting teams,” he said.

Satyam had announced on May 22 that the appointment of Venturbay directors on the board would be effective from June 1. However, the board has now decided to advance the effective date to May 27. Vineet Nayyar has been designated as whole-time director of the company effective June 1.