Mahindra Satyam is aiming to be the number one information technology company in India,

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said Anand Mahindra, vice-chairman and managing director of the Mahindra group. He was speaking on the occasion of the anniversary of Tech Mahindra’s takeover of Satyam Computer Services after the latter was rocked by an accounting fraud perpetrated by Ramalinga Raju.

“We have an ambition of being the largest IT company in the country. It’s true that we are starting off with a handicap, but I am confident that we will achieve our goal through our dedicated employees,” he said.

Mahindra was in town for the inauguration of Satyam’s special economic zone (SEZ) at its Infocity campus. “It (the new SEZ) showcases the resurgence of Mahindra Satyam through sheer grit, determination and hard work of its associates. We have been closely monitoring the company and are happy with the progress that it has made, governed by the impeccable values and ethics of the Mahindra Group,” Salman Khurshid, minister of corporate affairs, said.

The firm is in the process of recruiting 4,000 additional employees of which about 1,500 have already joined work, a company executive told FC. The number also includes those who had been made offers before the Satyam scam broke out in January last year.

Its chief executive officer CP Gurnani struck a cautionary note, saying the company was still not out of the woods and a minimum of two years will be required before one could say that the recovery was complete. “It’s just been a year since we took over and there is still some way to go,” he said.

In the past year, the firm had succeeded in retaining almost all its clients and had restructured its hierarchy to achieve greater internal transparency, Gurnani said.