The overall impact of these irregularities on the statement of assets and liabilities as of Sept. 30, 2008, was 67.6 billion rupees, according to Satyam.
Another Indian outsourcer, Tech Mahindra, acquired a dominant 43 percent stake in Satyam last year after the government decided to bring in a strategic investor. It assumed management control of Satyam in June, and adopted the "Mahindra Satyam" brand to market the company's services.
Satyam will be merged with Tech Mahindra after receiving necessary approvals, according to reports. A merger will not bring any value to customers, as there is little synergy between the two companies, Apte said. The challenges of merger and restructuring could further impact Satyam's business, he added.
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