21 Facts About Ramalinga Raju

Byrraju Ramalinga Raju was born on 16 September 1954 and is an Indian businessman.

Ramalinga Raju is the founder of Satyam Computer Services and served as its chairman and CEO from 1987 until 2009.

Ramalinga Raju, the eldest of Four children, was born on 16 September 1954.

Ramalinga Raju earned a Bachelor of Commerce degree from Andhra Loyola College at Vijayawada and subsequently earned an MBA from Ohio University in the United States.

Ramalinga Raju ventured into many businesses including Dhanunjaya Hotels; and a cotton spinning mill named Sri Satyam Spinning, funded by Andhra Pradesh Industrial Development Corporation, with an investment of 9 crore.

Ramalinga Raju is married to Nandini and the couple had two children Teja Raju, and Rama Raju.

Ramalinga Raju navigated Indian bureaucracy to obtain the required clearance to transmit data from India.

In 1999, Ramalinga Raju launched Satyam Infoway as Satyam's internet subsidiary, thereby becoming an early participant in the Indian internet service market.

In September 1995, as Ramalinga Raju was building Satyam, Andhra Pradesh had a new Chief Minister, Chandra Babu Naidu, who wanted to bring in change.

Naidu saw IT as a strategic industry to focus on and Ramalinga Raju became instrumental in shaping the state's information technology initiatives like 'Mee Kosam'.

Ramalinga Raju had unfettered access to the chief Minister of Andhra Pradesh at a very personal level.

Ramalinga Raju set up a state of the art and first of its kind 24X7 emergency service named Emergency Management and Research Institute in August 2005.

Ramalinga Raju was instrumental in launching a public private partnership model between Satyam and The Government of Andhra Pradesh in 2007, termed as Health Management and Research Institute.

Ramalinga Raju resigned from the Satyam board after Satyam Scandal, admitting to falsifying revenues, margins and over 5,000 crore of cash balances at the company.

In January 2009, Ramalinga Raju indicated that Satyam's accounts had been falsified over a number of years.

Ramalinga Raju confessed to an accounting fraud to the tune of 7,000 crore or $1.5 billion and resigned from the Satyam board on 7 January 2009.

Ramalinga Raju had used dummy accounts to trade in Satyam's shares, violating the insider trading norm.

Ramalinga Raju has admitted to overstating the company's cash reserves by USD$ 1.5 billion.

Ramalinga Raju was hospitalized in September 2009 following a minor heart attack and underwent angioplasty.

Ramalinga Raju was granted bail on condition that he should report to the local police station once a day and that he should not attempt to tamper with the current evidence.

In November 2010, Ramalinga Raju surrendered after the Supreme Court in August cancelled the bail granted to him by a lower court in Hyderabad, where Satyam is based.