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This case discusses the rise and subsequent fall of one of the visionary leaders in the Indian IT sector, Ramalinga Raju. US-educated Raju founded Satyam Computers Services Limited and under his leadership, the company grew to become one of the leading IT services companies in the world. In an announcement that surprised the IT and investor communities both in India and across the world, Raju confessed to a major accounting fraud that marked his fall, drawing comparisons to Bernard Madoff. The case examines in detail: (1) the inception and growth of Satyam; (2) the vision and leadership skills of Raju; (3) the problems Satyam faced due to growing competition; (4) the Maytas fiasco; and (5) the events leading to confession of accounting fraud by Raju. The case concludes with a discussion on the events that occurred after the confession, and the reasons that led to the fall of Raju.