Sasken Technologies Limited is an Indian multinational technology company, based in Bangalore, India. It specializes in providing product engineering and digital transformation services to global customers across various industries, including semiconductors, automotive, consumer electronics, enterprise-grade devices, smart devices and wearables, industrials, and telecommunications. Sasken's expertise spans the entire product development lifecycle, delivering concept-to-market and chip-to-cognition R&D services to global leaders.
With over 30 years of experience and multiple patents, Sasken has significantly transformed the businesses of over 100 Fortune 500 companies, contributing to the powering of over a billion devices through its services and intellectual property. The company is renowned for its world-class R&D services, positioning itself as a critical partner in the evolving technology landscape.
Sasken was founded in 1989 as Silicon Automation Systems in Fremont, California, by Rajiv C Mody (its current Chairman & MD) and three other co-founders: Krishna Jhaveri, Suresh Dholakia, and Badruddin Agarwala. The company later changed its name to Sasken Communication Technologies Limited. The name 'Sasken' is a portmanteau of its original acronym (SAS) and 'ken', the Scottish word for knowledge.
In February 2017, the company officially rebranded to Sasken Technologies Limited to better reflect its diversified service offerings across various business sectors beyond telecommunications, such as automotive. In June 2024, Rajiv C. Mody was additionally designated as Chief Executive Officer, alongside his existing roles as Chairman and Managing Director.
Sasken operates predominantly in a single business segment: Software Services. However, its comprehensive service offerings cater to multiple industry verticals:
- Semiconductor Services: Provides integration of third-party solutions and extensive testing to ensure zero-defect product launches for semiconductor clients.
- Automotive Solutions: Assists leading OEMs and Tier-1s with business solutions in areas like In-Vehicle Infotainment (IVI), Telematics, and Advanced Driver-Assistance Systems (ADAS), addressing challenges such as complexity, time-to-market, and the demand for multimedia and connectivity.
- Consumer Electronics: Develops product offerings including Smart TVs, Smart Speakers, Smart Home Appliances, and Mobile Phones. Sasken helps customers build next-gen devices with cloud-based analytics, low-power technologies, sensors, and connectivity solutions.
- Enterprise Devices and Industrial Solutions: Offers hardware and software development, device and platform testing, mobility solutions, and Android services. Its 'Chip to Cognition' expertise enables various solution accelerators for IIoT enablement in industrial products and manufacturing plants.
Established in 1989, Sasken employs approximately 1,500 people. It operates from state-of-the-art centers and offices located in Bengaluru, Pune, Chennai, and Kolkata in India, and Kaustinen, Tampere, and Vantaa in Finland. The company also maintains a significant presence across Germany, Japan, and the USA. Geographically, Sasken generates the maximum portion of its revenue from North America, with other significant contributions from India, Europe, and the rest of the world.
As of July 1st, 2025, Sasken Technologies Ltd (SASKEN) has a market capitalization of ₹2,216.52 Crore. The company's 52-week high for its stock price was ₹2,399.80, and the 52-week low was ₹1,276. The Price-to-Earnings (P/E) ratio for Sasken Technologies Ltd (SASKEN) stands at 44.07.
- Net Profit: Declined by 36.13% to ₹50.28 Crore in the year ended March 2025, compared to ₹78.72 Crore in the previous year (FY 2024).
- Sales: Rose by 35.55% to ₹550.91 Crore in the year ended March 2025, up from ₹406.43 Crore in the previous year (FY 2024).
- Net Profit: Declined by 35.83% to ₹11.03 Crore in the quarter ended March 2025, compared to ₹17.19 Crore in the previous quarter (Q4 FY 2024).
- Sales: Rose by 35.80% to ₹148.01 Crore in the quarter ended March 2025, up from ₹108.99 Crore in the previous quarter (Q4 FY 2024).
- Net Profit: Declined by 48.96% to ₹9.06 Crore in the quarter ended December 2024, compared to ₹17.75 Crore in the previous quarter (Q3 FY 2024).
- Sales: Rose by 49.85% to ₹144.52 Crore in the quarter ended December 2024, up from ₹96.44 Crore in the previous quarter (Q3 FY 2024).
Sasken Technologies has demonstrated a commitment to shareholder returns through its dividend policy.
- Final Dividend (FY 2025): On April 25, 2025, the Board of Directors recommended a final dividend of ₹13 per equity share (130%), subject to shareholder approval.
- Interim Dividend (FY 2025): On October 25, 2024, the Board of Directors recommended an interim dividend of ₹12 per equity share (120%), subject to shareholder approval.
Sasken has actively pursued strategic initiatives to expand its capabilities and market reach:
- Acquisition of BORQS International Holding Corp (April 2025): Sasken acquired BORQS International Holding Corp, a global provider of embedded software and products for the Internet of Things (IoT), enhancing its IoT service offerings.
- Partnership with Microsoft MDEP: Sasken partners with Microsoft MDEP to accelerate smart device innovation, leveraging the capabilities gained from the Borqs acquisition.
Sasken's operations are underpinned by a strong commitment to quality, environmental responsibility, and safety standards, as evidenced by its various certifications:
- ISO 14001: Certified for its commitment to environmental, health, and safety management.
- ISO 26262: Compliant with the Road Vehicles-Functional Safety standard for the Management of Functional Safety, Software Product Development, and Supporting Processes.
- Automotive SPICE: Quality management systems are compliant with the Automotive SPICE standard, particularly relevant for its automotive sector clients.
Sasken Technologies has solidified its position as a trusted partner for global technology leaders, integrating deep domain expertise with innovative solutions across diverse industry verticals. With a robust financial standing and strategic growth initiatives, Sasken is well-poised to further expand its capabilities and market presence in the dynamic technology landscape.
