Satyam Computer on Wednesday named President Ram Mynampati as the interim CEO.

Satyam Computer Services is committed to staff, clients and shareholders, the interim CEO said on Wednesday, after its chairman resigned and said the outsourcer's profits had been inflated over the last several years.

"We are obviously shocked by the contents of the letter," Ram Mynampati said in a statement, referring to a letter chairman and founder B. Ramalinga Raju sent to the stock exchanges earlier.

"The senior leaders of Satyam stand united in their commitment to customers, associates, suppliers and all shareholders," Mynampati said, adding senior officials have gathered at Satyam's headquarters in Hyderabad.

Satyam, India's No 4 software services exporter, said in the statement it believed its "underlying business model" and growth prospects remained sound even in the challenging financial environment.