HYDERABAD, INDIA: Satyam Computer Services, which was recently renamed Mahindra Satyam after the takeover by Tech Mahindra, has topped the list of exporters from the Software Technology Parks of India (STPI) and IT SEZs in Andhra Pradesh for 2008-09.

Despite the scam Satyam is one of the top exporters from Andhra Pradesh, with a turnover of Rs.4,231.90 crore ($883 million), according to the figures released by the AP Department of IT and Software Technology Parks of India (STPI) Hyderabad today.

As per the official data for 2008-09, Satyam's turnover accounted for almost one-eighth of the State's total export turnover of Rs.32,509 crore.

The share of Satyam is even higher than that of other major players like Infosys, Wipro and Microsoft, which bagged a turnover of Rs 3094.31 crore, Rs 2540.90 crore and Rs 1286.20 crore respectively. TCS is fifth in the list, according to reports.

However, the authorities said these figures are tentative and there might be changes in the performance chart. "These are whatever figures we got from the existing managements of the companies towards the end of 2008 and we have done whatever certification we could, but there would be some alterations when the final figures come out," according to an STPI official.

Interestingly Andhra Pradesh recorded a steady growth in IT exports from STPI and Special Economic Zones (SEZs) during 2008-09, which was increased by about 24.5 per cent compared to last year. This is much above the tentative national average of 20.65 per cent.

Meanwhile, the IT/IT enabled Services (ITeS) sector in Andhra Pradesh is reducing its dependency on the US and focusing on other markets for exports, in an effort to reduce the impact of global slowdown, said a media report.

The US accounted for 52 percent of total IT/ITeS exports of the southern state in 2008-09, down from 61 percent the year before and 69 percent in 2005-06. The state registered 24.5 percent growth in its total IT/ITeS exports last year, added the report, quoting STPI Hyderabad director P Venugopal.

On the other hand, the improved performance of Satyam has virtually caused troubles for the new owners, Tech Mahindra.

Now the new owner is reportedly planning to request the Satyam Board to allot shares on a preferential basis to raise its stake in Satyam to 42.7 per cent as the company's open offer received a weak response.

"Due to the weak response of the open offer we will request the Mahindra Satyam Board for the preferential allotment as laid down in the bidding document. Post the preferential allotment, the stake of Tech Mahindra in Mahindra Satyam will be 42.7 per cent," a company spokesperson said.

Meanwhile, the new Chief Executive Officer of Mahindra Satyam said it is gaining customers, though the fraud had led to loss of clients. "The company is now focused on growth. Overall, the feedback from the customers is excellent," CEO CP Gurnani said in a Bloomberg Television interview.