Tech Mahindra has finalised plans for its acquisition of a controlling stake in Satyam. In a meeting on Friday company representatives met with the Board of Directors and key executives from Satyam Computer Services to discuss the deal and examine important transition issues.

In a statement from the company it said that the following Tech Mahindra representatives are expected to be nominated to join the Satyam Board. Mr. Vineet Nayyar, Vice-chairman and Managing Director, Mr. C.P. Gurnani, President, International Operations, Mr. Sanjay Kalra, President, Strategic Initiatives; and Mr. Ulhas Yargop, Director, Tech Mahindra and President of the IT Sector, Mahindra Group are all likely to form part of the new management structure.

Mr. Vineet Nayyar, Vice Chairman, Managing Director and CEO of Tech Mahindra, “We have been impressed by the extraordinary skill and dedication of the Satyam leadership, and indeed, of their entire workforce. We have complete confidence in Satyam’s executive leadership to restore the company and take it to new levels of success. We would like to reassure stakeholders that priority focus is being given to retaining critical customer-facing resources, so that the customer experience continues undisturbed”. “This is also a new beginning for Satyam – and for Tech Mahindra. Both companies will now have access to enhanced talent and scale to compete in the global market.”

Under Tech Mahindra’s plans, Satyam will continue to operate as a stand-alone unit and its leadership will continue to drive operations.