Sasken Technologies

Last updated

Sasken Technologies Ltd
FormerlySasken Communication Technologies Limited
Type Public
ISIN INE231F01020
Industry
Founded1989;34 years ago (1989)
Headquarters139/25, Ring Road, Domlur,
Bangalore, Karnataka
,
India
Area served
Worldwide
Key people
Services
RevenueIncrease2.svg₹ 504.31 Crores (FY 18–19)
Increase2.svg₹ 90.42 Crores (FY 18–19)
Number of employees
2000 approx. (as of March 2019)
Website www.sasken.com

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.

Contents

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.

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. [2]

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. [3]
  2. Sasken acquired iSoftTech Private Limited, Chennai in June 2006. [4]
  3. In September 2006, Sasken also acquired a Finnish company named Botnia Hightech Oy. It is now known as Sasken Finland Oy. [5]
  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). [6]

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References

  1. ↑ "Sasken Communication Technologies Limited announces corporate name change to Sasken Technologies Limited to reflect its broad range of services". @businessline. Retrieved 14 April 2021.
  2. ↑ "Sasken appoints Abhijit Kabra as its Chief Executive Officer". EquityBulls. 20 July 2022. Retrieved 21 July 2022.
  3. ↑ "Sasken acquires firm to foray into telecom network management". Business Standard India. 19 February 2005. Retrieved 14 April 2021.
  4. ↑ "Sasken acquires iSoftTech for $1.5m". The Economic Times. Retrieved 14 April 2021.
  5. ↑ "Sasken acquires Finland-based co in all cash deal". The Economic Times. Retrieved 14 April 2021.
  6. ↑ Reporter, B. S. (26 January 2007). "Sasken enters into JV with Tata AutoComp". Business Standard India. Retrieved 14 April 2021.
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