Ram Mynampati still calling the shots at Satyam?

Excerpts from India Business Hour on CNBC-TV18 Watch the full show » Nifty BSE | NSE 25/05/12 Are Mutual Funds betting on Nifty?

Former Satyam CEO Ram Mynampati may still be calling the shots in the company's commercial and healthcare business vertical, which accounts for 50% of revenues. CNBC-TV18 learns he has effected the recent reorganization within this vertical. Raja Rajeshwari and Taapsi Ramchandani report.

Satyam is in the midst of change - and not just at the board level, it seems. Former CEO Ram Mynampati's team has recently seen some high-level exits. Tim Montgomery, the Head of Satyam's insurance vertical, quit last month, and it is learnt that Banking Head Anil Chintapalli was also asked to leave the organisation.

These two big exits and a couple of smaller ones set the stage for a revamp in the commercial and healthcare business spearheaded by Mynampati.

The banking, financial services and insurance (BFSI) verticals have now been integrated into one homogenous unit. SaiKrishna Mandapaty is heading this new vertical assisted by Pankaj Modi as Global Head of Delivery and Operations. He will be based in Hyderabad. Mandapaty will also look after Citi's business, which falls under BFSI.

A part of the insurance unit has also been carved away and merged with the healthcare vertical. The new healthcare vertical now comprises healthcare providers market, health insurance practice and the life sciences practice.

Kishore Rachapudi will head this vertical. Travel, logistics, real estate, infrastructure, which used be under Mandapaty, will now be headed by Kumar Sivaraman.

However, CNBC-TV18 learns it's not the changes that has Satyam employees worried but the fact that Ram Mynampati is behind them. Associates - as Satyam employees are called - feel it would have been better if these changes had come from the new CEO AS Murty.

When contacted, Satyam's official spokesperson said these realignments were normal, and such moves have been effected in other departments too.