400 employees quit Maytas in 2 months

13 Feb 2009, ET Bureau

HYDERABAD: Close to 12% of Maytas Infra’s employees, the infrastructure firm promoted by fraud-hit Satyam Computer Services, have exited the Maytas

firm after the company allegedly failed to pay salaries for January. Over 400 employees are believed to have quit the company in the past two months, following the Satyam-Maytas aborted deal in December last.

Employees at all levels have put in their papers. “There has been a mass exodus. Employees, right from the vice-president level to junior ones have quit,” said a senior official from the company on condition of anonymity. Maytas Infra employed over 3,100 people, as per company officials, which has come down to 2,700 now.

However, the company denied the fact that the employees have left the organisation for defaulting salaries to them. The company officials also did not confirm the number of employees, who exited the firm.


“Some employees have left our organisation. But it is a common and continuous process, as every organisation will be facing attrition, and the past two months were not an exception. Besides, we have also done headcount rationalisation by which poor-performers were asked to leave the organisation.

There is no default on January salary payments, though there is some delay due to the investigations at Satyam Computer Services. As part of the investigation process, our accounts were frozen and the company’s operations were also affected. However, we will pay the salary for January at the earliest,” said a company spokesperson.

Employees of the firm are looking for jobs though. Confirming this, construction companies in the city say that they have received several resumes from Maytas staffers in the past two weeks.

Companies, however, said they are not willing to hire Maytas employees, as it is difficult to match their huge pay packages at a time when the construction sector is confronted with a slump.

“When Maytas Infra recruited people they offered salaries at double the market rate. Now, to match such salaries or even offer them anything close to their present packages is just not possible for us,” said IVRCL MD E Sudhir Reddy.

His company has received over a dozen of resumes from Maytas staff so far but none have been called for an interview.