HYDERABAD, INDIA: Scandal hit Satyam Computer Services Ltd today got its new name. Tech Mahindra, which had acquired Satyam in April, has renamed the company as "Mahindra Satyam".

"This rebranding exercise symbolises an amalgamation of the Mahindra Group's values with Satyam's fabled expertise, even as it retains that part of Satyam's identity which signifies commitment, purpose and proficiency of the organisation and its people," Mahindra Group Vice-Chairman and Managing Director Anand Mahindra said in a statement.

The logo for the new brand would be adopted from the Mahindra Group, a company statement said.

"With this initiative, we will witness steps by the Management to adopt and inculcate the values of performance and customer first, good corporate governance and citizenship, which are drawn from the Mahindra Group," Satyam Board Executive Vice-Chairman Vineet Nayyar said.

With this synergistic approach, Mahindra Satyam will learn from the best management practices of the Mahindra Group while focusing on nurturing Satyam's innate skills and capabilities, Nayyar added.