Sasken Technologies Explained

Sasken Technologies Ltd
Former Name:Sasken Communication Technologies Limited
Type:Public
Hq Location:139/25, Ring Road, Domlur
Hq Location City:Bangalore, Karnataka
Hq Location Country:India
Area Served:Worldwide
Key People:
Services:
Revenue: 504.31 Crores (FY 18–19)
Net Income: 90.42 Crores (FY 18–19)
Num Employees:2000 approx. (as of March 2019)

Sasken Technologies Limited (formerly Sasken Communication Technologies Limited) is an Indian multinational technology company, based in Bangalore, India, which provides product engineering and digital transformation services to global customers in industries such as semiconductors, automotive, consumer electronics, enterprise grade devices, Smart devices and wearables, industrials, and telecommunication.

Origin

Sasken began as the brainchild of Rajiv C Mody, its Chairman & MD, and three other co-founders: Krishna Jhaveri, Suresh Dholakia, and Badruddin Agarwala. Sasken came into being as Silicon Automation Systems (SAS) in 1989 in a small warehouse in Fremont, California. Later, the company changed its name to Sasken Communication Technologies Limited. The name 'Sasken' is an portmanteau of its original name (SAS) and 'ken', the Scottish word for knowledge.

In February 2017, Sasken announced that it had changed its name to Sasken Technologies Limited to serve customers in businesses ranging from automotive, enterprise grade devices, smart devices and wearables, industrials, and satellite communication.[1] In January 2018, Sasken unveiled a new logo to reflect its 30-year-old heritage.[2]

Sasken employs 2000+ people, operating from development centers in Bengaluru, Pune, Chennai, Kolkata and Hyderabad (India), Kaustinen and Tampere (Finland), Detroit (USA), and Beijing and Shanghai (China). Sasken also has a presence across Germany, Japan, UK, and USA.

In July 2022, Sasken announced that Abhijit Kabra was appointed as the CEO.[3]

Subsidiaries

  1. Sasken Network Engineering Limited (SNEL), a wholly owned subsidiary of Sasken, was created when the company acquired the operations of Blue Broadband Technologies.[4]
  2. Sasken acquired iSoftTech Private Limited, Chennai in June 2006.[5]
  3. In September 2006, Sasken also acquired a Finnish company named Botnia Hightech Oy. It is now known as Sasken Finland Oy.[6]
  4. On 24 January 07 Sasken has entered into a joint venture with Tata Autocomp. The JV will be known as TACO Sasken Automotive Electronics Pvt Ltd (TSAE).[7]

Notes and References

  1. Web site: Sasken Communication Technologies Limited announces corporate name change to Sasken Technologies Limited to reflect its broad range of services. 2021-04-14. @businessline. en.
  2. Web site: 2018-01-25 . Sasken unveils new logo to reflect its 30-year-old heritage . 2023-08-06 . -DQChannels . en-US.
  3. Web site: 2022-07-20 . Sasken appoints Abhijit Kabra as its Chief Executive Officer . 2022-07-21 . EquityBulls.
  4. News: 2005-02-19. Sasken acquires firm to foray into telecom network management. Business Standard India. 2021-04-14.
  5. News: Sasken acquires iSoftTech for $1.5m. The Economic Times. 2021-04-14.
  6. News: Sasken acquires Finland-based co in all cash deal. The Economic Times. 2021-04-14.
  7. News: Reporter. B. S.. 2007-01-26. Sasken enters into JV with Tata AutoComp. Business Standard India. 2021-04-14.