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Monday, April 19, 2010

Where should these Satyam hopefuls go?

Hyderabad: G Srikanth, a young engineer from Siddipet village, has decided to go village to take up his father's profession, agriculture. Srikanth is one of the many students, who got the offer letter by the pre-scam Satyam Computer Services (now Mahindra Satyam), but is still waiting to get the joining letter.

Till few days ago, Srikanth used to work as an assistant professor in an engineering college at Siddipet, which paid him Rs 8,000 per month, just enough to repay the EMI on his education loan from SBI. "After repaying that debt, I quit teaching. If I can't pursue the career I aspired to, I'd rather help my parents on the farm," said he to Sunitha Natti of The New Indian Express.

Another Satyam hopeful, K Shiva Prasad is reluctant to visit his village Vakadu in Nellore district in Andhra Pradesh. The situation for both Prasad and his father is grimy, as they are thinking how will they pay the loan amount of Rs.1.5 lakh. Prasad had got the offer letter by Satyam Computer Services in November 2007. That time he had thought that his family's days of hardship had finally ended, but two years later, he's still waiting to get the joining letter.

Both Prasad and Srikanth were students of Jawahar Knowledge Centre (JKC), the state government's soft-skills training programme. They were to be invited to join the company's payrolls after course completion in May 2008. But they are still unemployed, caught in a twilight zone.

During November 2007 and September 2008, over 6,000 from Andhra Pradesh were given offers. Before the scam, Mahindra Satyam, led by Ramalinga Raju, was one of the top recruiters. However, that equation has now changed under the Mahindras' management. During 2009-10, Infosys replaced Satyam as the largest recruiter hiring 504, while Mahindra Satyam BPO took just 12. In contrast, the pre-scam Satyam hired 517 (and Infosys 277) the previous year.

Currently, Mahindra Satyam is planning to hire freshers for its 4,000-seat IT SEZ in Gachibowli. The company also said that students with offer letters will be given first preference.

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