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Once India's fourth largest software and services outsourcing company, Satyam was thrown into turmoil in January this year when the company's founder and former chairman B Ramlinga Raju admitted he had inflated Satyam's profits by £640m over the previous seven years.
Subsequently, Indian telecoms integrator Tech Mahindra paid $351m for a 31 per cent majority stake in the company and Mahindra Satyam was born.

However Gurnani faces an uphill battle – customer confidence took a heavy knock in the wake of the revelations and he said the company is now only "marginally cash flow positive". At end of March this year Satyam had a bank balance of $74.6m and it will be another six months before it will be able to restate the true figures for Satyam's accounts over the past three years.
There is a lot of damage for Gurnani to repair, with Raju's revelation appearing to have cost Satyam a significant number of its customers. Just before the scandal broke the company claimed to have more than 600 customers whereas today Gurnani says that figure has dropped to "400 plus".

"We lost a fair amount of business and it had to go to someone – in certain cases it went to Wipro (WIT) or IBM (IBM) or TCS or HP (HPQ), you name it," said Gurnani, who took over as CEO six weeks ago after moving from his post as president of international operations at Tech Mahindra.

In its Satyam incarnation, the company provided services to 185 Fortune 500 companies, including helping to provide a common technology platform to food giant Nestle and striking a deal with football's international governing body Fifa, to be the IT services provider for the 2010 and 2014 Fifa World Cup and two Confederation Cup events.