Ramalinga Raju

Ramalinga Raju

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Category: Business

Ramalinga Raju Profile

  • Name:
  • Ramalinga Raju
  • Other Name:
  • Byrraju Ramalinga Raju
  • Born:
  • September 16, 1954

Ramalinga Raju Biography

Ramalinga Raju is an industrialist and founder of Satyam Computers. He founded Satyam computers in the year 1987 and served as its chairman until 7th January 2009. He was charged for cheating and insider trading and was arrested and jailed in Chachalguda. However, he managed to get bail on 18th August 2010.

He was born on 16th September 1954 in Garagaparru Village in Bhimavaram in Andhra Pradesh in India. He finished his B.Com in Andhra Loyola College at Vijayawada and then finished his MBA in Ohio University in USA. He also attended the Owner Course at Harvard. He returned back to India in 1977 and set up his own spinning mill named Sri Satyam. Then he started a construction firm called Satyam Constructions.

In 1987 he founded Satyam computers together with his brother in law DVS Raju. This company was listed in the Indian share market. He launched Satyam Infoway called as Sify in the Indian Internet market service. Satyam owns 44 Fortune 500 corporations and 390 multinational corporations.

He made a botched acquisition attempt and this led to the share price of Satyam to go down. It was found out in January 2009 that the accounts of the company have been falsified for many years. This accounts to 1.5 Billion US Dollars and so he had to resign from his post. He and his brother Rama Raju were arrested for conspiracy and cheating. He was hospitalized in September 2009 after a minor heart attack and had to undergo angioplasty.

He had won several awards such as Ernst & Young Entrepreneur of the Year for 1999, CNBC Asian Business Leader – Corporate Citizen of the Year award in 2002, Dataquest IT Man of the Year in 2000, E & Y Entrepreneur of the Year Award in 2007, etc.

The Supreme Court of India revoked his bail on 26th October 2010 and he was asked to surrender by 8th November 2010. He had done many development works in his native village Garagaparru. 

Published: N/A

Updated: August 26, 2011

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