TechM,Satyam to hire up to 10,000 staff

Tech Mahindra and Satyam Computer Services,which are in the process of a merger,aim to hire up to 10,000 staff for the combined entity in 2012-13 to meet an expected rise in demand for technology services

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Tech Mahindra and Satyam Computer Services,which are in the process of a merger,aim to hire up to 10,000 staff for the combined entity in 2012-13 to meet an expected rise in demand for technology services.

The companies also plan to complement their parent Mahindra & Mahindra groups move to become a major defence manufacturer,Tech Mahindra CEO Vineet Nayyar said on Tuesday.

Tech Mahindra bought Satyam in a government-backed auction in 2009 after Satyams founder admitted to one of Indias biggest accounting frauds.

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The merger,after regulatory approvals that are expected later this year,would create Indias fifth-largest software services exporter by revenue.

We are trying to secure more efficiencies internally,well see how it works out,but I think it will be anywhere between 5,000 to 10,000 range, Nayyar told Reuters,referring to hiring plans for the new fiscal.

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