This further allowed the business to grow rapidly into becoming one of the top players in the market. Post this the company soon got its first Fortune 500 client- Deere and Co. The initial success of the company soon led to it getting listed and opting for an IPO in the BSE in 1991. The firm began with 20 employees offering IT and BPO services across various sectors. The name in the ancient Indian language Sanskrit meant ‘Truth’. Satyam Computer Services Ltd was founded in 1987 in Hyderabad by brothers, Rama Raju and Ramalinga Raju (henceforth Raju).
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