April 13 has marked a year since M&M took over the bleeding Satyam Computer Services and became the de facto #4 in the India IT industry. Picking up stake at Rs. 58 per share, M&M's road to Satyam included overtakes it made to players like the Indian engineering giant Larsen & Toubro and American investor Wilbur Ross.

Moreover, Kiran Karnik, Former President of NASSCOM and now one of its trustees who played a major role in turning around the fortunes of the beleaguered IT major believe that Satyam is now sailing in a stable boat.

Karnik still believes that India inc. hasn't learnt its lesson from the biggest fraud in the history of corporate India.

Notably, Subhiksha, the no-frills retail chain also was caught red-handed after it accepted the claims of fake bills and inventory on the accounts.

However, as far as Anand Mahindra, Vice Chairman and MD, M&M Group is concerned his dream of having a top notch IT firm in his pocket has been fulfilled and is working on the right track so far in the Indian market.