Ram Mynampati said the liquidity of Satyam's balance sheet was 'not very encouraging now', but added the embattled company had 'healthy receivables'.

The chairman of the outsourcing company resigned on Wednesday saying that profits had been falsely inflated for years, sending the company's shares plunging nearly 80 per cent.

Mr Mynampati was appointed the interim CEO.

He said the company is speaking to its top 100 clients individually, and has received expressions of support from key customers.

Our only aim at this time is to ensure that the business continues,' Mr Mynampati told reporters at a news conference.

He said the company would help investigating agencies and had launched a process to assess its financial position.

Satyam removed from indices
Meanwhile, India's leading stock exchanges said on Thursday they would remove the Satyam Computer stock from their benchmark indices in response to the huge accounting fraud at the outsourcing giant.

The Mumbai stock exchange said it would replace Satyam with Sun Pharma in its 30-share Sensex index, while the National Stock Exchange will take the stock out of its Nifty index, replacing it with Reliance Capital.

Both changes come into effect January 12, the exchanges said. -- THOMSON REUTERS, AFP

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