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Kamath said each of over 50,000 Satyam employees supports a family of four. "Every white collar job creates four another jobs. (So) you are talking about anything between half-a- million to a million people, who could directly or indirectly have been impacted by this single event," Kamath said.
He said the crisis had such a social magnitude that made the government act swiftly and save the company. Besides CII, Assocham and Ficci have also welcomed disbanding of the Satyam board of directors by the government.
They expressed hope that the move would help restore investor confidence not only in Satyam but in corporate India in general.
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