More than three years after Indian outsourcer Satyam Computer Services was hit by a financial scandal, the company is being merged with Tech Mahindra, a key investor in the company after the crisis.

Indian outsourcer, Satyam Computer Services, which is on the recovery after a corporate scandal, said that revenue and net profits grew in the third quarter ended Dec. 31.

he company is likely to be merged with parent company Tech Mahindra

Satyam Computer Services' revenue skidded in the Indian fiscal year, even as a new management tried to reassure customers and employees, according to financial results released belatedly by the company.

ASX-listed services provider, Melbourne IT, has picked Indian outsourcer, HCL Technologies, to support its Web transformation project.

India’s federal investigation agency has submitted a fresh batch of charges against several former executives and two auditors of Satyam Computer Services, alleging they filed false documents for income-tax payments.

Indian outsourcer, Satyam Computer Services, has received legal notices from 37 companies, demanding the return of 12.3 billion Indian rupees (US$267 million) they claim were paid to the company as temporary advances, Satyam said in a filing on Tuesday to the Bombay Stock Exchange.