[1] The company was the subject of what was called India's biggest corporate scandal in January 2009 when then-chairman Byrraju Ramalinga Raju admitted in a letter to the Securities and Exchange Board of India that the corporate accounts had been falsified, adding approximately $1 billion to the company's cash and cash-related assets.

[13] The merger ran into delays due to ambiguity over jurisdiction between investigating agencies and the government,[14] and two tax cases totaling over ₹ 27 billion.

[19][20][21] The merger was announced to be complete on 25 June 2013, creating India's fifth largest software services company with a turnover of US$2.7 billion.

After the scandal hit, the company's revenue collapsed and the new chairman, Vineet Nayyar, suggested that a turnaround would take three years.

[34] In December 2008, Satyam founder B. Ramalinga Raju made a final attempt to conceal his falsification of the Satyam Computer Services balance sheets by acquiring Maytas Infrastructure and Maytas Properties for $1.6 billion, despite concerns raised by independent directors.

This eventually led to a review of the deal by the government,[36] and a veiled criticism by the then Vice President of India Hamid Ansari.

[40] On 7 January 2009, Chairman Raju resigned after publicly announcing his involvement in a massive accounting fraud, in which he had inflated the company's cash assets by over $1 billion.

[2] In a letter to the Securities and Exchange Board of India, he explained that "what started as a marginal gap between actual operating profit and the one reflected in the books of accounts continued to grow over the years ...