Sasken Press Release

Sasken Confirms No Business Impact from Recent U.S. H-1B Visa Program Changes

Admin — Wed, 24 Sep 2025 11:18:36 GMT

Bengaluru, India, 21/09/2025 – Sasken Technologies Ltd., a leading provider of product engineering and digital transformation services, today announced that the recent changes to the U.S. H-1B visa program, including the introduction of a $100,000 annual application fee, are not expected to affect its business operations.

Sasken Partners with VicOne to Deliver End-to-End Automotive Cybersecurity Solutions

Admin — Tue, 23 Sep 2025 09:07:10 GMT

Bengaluru, India, 18/09/2025 – Sasken Technologies Limited, a leader in product engineering and digital transformation, today announced its strategic partnership with VicOne, an automotive cybersecurity solutions leader, to strengthen in-vehicle and fleet-wide cybersecurity for global OEMs and Tier-1 suppliers. VicOne is the Trend Micro subsidiary.

Sasken Technologies to acquire Borqs Technologies Inc’s Business to Expand Capabilities and Market Reach

Admin — Tue, 12 Nov 2024 10:16:02 GMT

Bangalore, India, Nov 09 2024 : Sasken Technologies Limited (India NSE: SASKEN, BSE: 532663, “Sasken”), a leading global product engineering and digital transformation services company based in India announced today the intent to acquire ODM and software services business of Borqs Technologies, Inc. (U.S. OTC: BRQSF, “Borqs”) a global provider of embedded software and products for the Internet of Things (IoT).

This strategic move is aligned with Sasken’s 60x4x3 strategy to drive growth, innovation, and competitiveness in the market. The acquisition will enable Sasken to support customers in designing, developing, and commercializing connected devices from concept to market. It includes ideation, IP development, software and product realization, and hardware supply chain management. Working closely with chipset partners, Sasken will create a range of connected devices, including mobile phones, tablets, smartwatches, and various IoT products.

Under the terms of the deal:
• Sasken will assume control of Borqs Technologies' ODM and software services business assets and operations, without any associated liabilities.
• The total consideration, inclusive of earn-outs, management incentives, and other payouts, shall not exceed USD $40 million. Earnouts are linked to performance of target entities in 2025

Speaking on the occasion, Mr. Rajiv C. Mody, CMD & CEO, Sasken Technologies said, “This acquisition reflects our commitment to expanding our technological footprint and delivering advanced solutions to meet the evolving demands of our customers. By integrating Borqs’ capabilities, we will strengthen our portfolio, improve our competitiveness, and drive future growth in high-demand markets like IoT and 5G.”
Founded in 2007, Borqs Technologies, a publicly traded company, has built a strong reputation in end-to-end wireless product solutions for mobile telecommunications and IoT. The company has strategic alliances with industry leaders like Qualcomm and works with key mobile network operators and OEMs. With close to 300 employees and a presence across continents, Borqs is well-positioned to capitalize on the growing demand for IoT and 5G technologies, leveraging its software platform to offer customizable wireless product solutions across various industries, including utilities, healthcare, and smart cities.
“After the strategic alliance with Sasken, Borqs intends to use the proceeds to develop the next generation AI and blockchain software and services. Borqs plans to continue to collaborate with Sasken to leverage its Silicon design capabilities to develop AI oriented products,” said Pat Chan, CEO of Borqs.

The transaction is expected to be complete by the end of 2024 and the companies together will continue investing in innovation to develop cutting-edge solutions that align with customers’ strategic goals.
For more information, visit:
https://www.sasken.com
https://www.borqs.com/

About Sasken:
Sasken is a specialist in Product Engineering and Digital Transformation providing concept-to-market, chip-to-cognition R&D services to global leaders in Semiconductor, Automotive, Industrials, Consumer Electronics, Enterprise Devices, SatCom, Telecom, and Transportation industries. For over 30 years and with multiple patents, Sasken has transformed the businesses of 100+ Fortune 500 companies, powering more than a billion devices through its services and IP. For more information, visit www.sasken.com

About Borqs Technologies, Inc.
Borqs Technologies is a global leader in software and products for the IoT, providing customizable, differentiated and scalable Android-based smart connected devices and cloud service solutions. Borqs has achieved leadership and customer recognition as an innovative end-to-end IoT solutions provider leveraging its strategic chipset partner relationships as well as its broad software and IP portfolio.
Borqs’ unique strengths include its Android and Android Wear Licenses which enabled the Company to develop a software IP library covering chipset software, Android enhancements, domain specific usage and system performance optimization, suitable for large and low volume customized products. The Company is also currently in the development of 5G products for phones and hotspots.

Media Contact:
Sasken Technologies: Rekha Sahay Ghosh
Head of Marketing & Communications
E: pr@sasken.com
T: +91 80 6694 3009

Borqs Technologies: Sandra Dou
VP of Corporate Finance
E: sandra.dou@borqs.net

Disclaimer on Forward Looking Statements:

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements due to risks or uncertainties associated with our expectations . Words such as “expects”, “believes”, “anticipates”, “intends”, “estimates”, “predicts”, “seeks”, “may”, “might”, “plan”, “possible”, “should” and variations and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Such forward-looking statements relate to future events or future results, based on currently available information and reflect our management’s current beliefs. Many factors could cause actual events or results to differ materially from the events and results discussed in the forward-looking statements, including the possibility that the transactions as described herewith between Borqs and Sasken may not be consummated, or at all, and that the positive benefits of the transactions may not transpire as described herein or at all. The reader is advised to refer to the Risk Factors sections of both companies’ filings with their respective securities and exchange authorities for additional information identifying important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements. Except as expressly required by applicable securities law, the companies disclaim any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Sasken partners with Trustonic to bring advanced security options to Automotive OEMs

Admin — Tue, 03 Sep 2024 11:33:53 GMT

Bangalore, India, August 30, 2024: Sasken Technologies, a specialist product engineering and digital transformation provider, has formed a new partnership with cybersecurity firm Trustonic to bring advanced security options to automotive OEMs.

With over 34 years’ experience in the embedded software space, Sasken has a proven track record in providing concept-to-market, chip-to-cognition R&D services to global leaders in the semiconductor, automotive, smart devices and transportation sectors.

Headquartered in the UK, Trustonic embeds world-leading, trusted cybersecurity technology into smart devices and connected vehicles, enabling OEMs to build on their robust foundations to secure revenue and power innovation.

Having obtained the world’s first comprehensive EAL5+ certification for its Trusted Execution Environment [TEE] technology, ‘Kinibi’, in May 2022, Trustonic’s secure platform is now deployed to over two billion smart devices and 20 million vehicles globally, with zero safety violations.

Rajiv C. Mody, CMD & CEO, said: “Sasken is excited to partner with Trustonic, a global leader in cybersecurity. With our deep expertise in the automotive industry, this collaboration enables us to deliver cutting-edge, secure solutions for automotive OEMs & Tier One suppliers, ensuring our clients can innovate with confidence.

“By combining Trustonic's proven security expertise with Sasken's engineering prowess, we are confident of setting new standards for safety and innovation in the industry.”

In forming this new partnership, Trustonic will now work closely with Sasken engineers so that they can provide advanced security options for higher level applications and services.

Andrew Till, General Manager of Secure Platform at Trustonic, confirmed: Trustonic is committed to building a secure ecosystem of partners creating innovative solutions with the highest levels of security in place.

“We’re pleased to form this collaboration with Sasken, which will enhance the security of the company’s solutions, and support its global customer base.”

For more information, visit:

https://www.sasken.com

https://www.trustonic.com

Launched World's #1 Mobile Satellite Communication | Sasken

Admin — Mon, 08 Apr 2024 05:23:48 GMT

In the interview, Mr.Rajiv C Mody discusses Sasken Technologies Limited's launch of the world's first LTE-based Mobile Satellite Equipment (MSE) and its potential impact on the satellite communication (satcom) industry. He highlights Sasken's dedication to scaling customer relationships and its commitment to leading-edge technologies across various sectors, including satcom. Additionally, he emphasizes Sasken's role in providing tailored solutions for both consumer and industrial segments within the evolving satcom landscape in India.

Mr. Mody underscores the significance of the MSE as a revolutionary product with versatile communication interfaces. He also mentions Sasken's investments in 5G and AI segments, along with their dedication to semiconductor advancements. Furthermore, he outlines Sasken's growth strategies, aiming to target 60 marquee customers and achieve $4 million in revenue within three years. Lastly, he emphasizes on Sasken's focus on gaining a cost advantage and leveraging emerging technologies like AI and ML to drive future growth.

Sasken joins the SOAFEE SIG | SDV Automotive | Sasken

Admin — Tue, 20 Dec 2022 07:42:52 GMT

Sasken will actively contribute to the SOAFEE SIG to actualize the roadmap for software-defined vehicles.

Sasken Chairman Remarks | FY 2021-22 - Q2 | Sasken

Admin — Thu, 21 Oct 2021 04:00:00 GMT

There is a glimmer of hope that the COVID-19 pandemic is in some sense dissipating. We are making progress on our transformation journey and have strengthened our sales and delivery at the operational and leadership levels. Our focus remains on winning long-term, scalable business contracts from both existing and new customers. This quarter we have added two global leaders as part of our enviable list of customers. Our entry into the Electric Vehicle segment is exciting and we will do our best to nurture and scale this. Notwithstanding this we remain vigilant and prepared to handle any exigency as a matter of prudence, said Rajiv C Mody, Chairman, Managing Director, and CEO of Sasken.

Performance Snapshot for the H1 FY 22

Consolidated Revenue for H1 FY 22 at ₹ 218.45 Crore
- Down 0.9% YoY from H1 FY 21
Consolidated EBIT for H1 FY 22 at ₹ 63.35 Crore
- Up 17.7% YoY from H1 FY 21
Consolidated PAT for H1 FY 22 at ₹ 71.29 Crore
- Up 38.3% YoY from H1 FY 21
- PAT Margins for H1 at 32.7%

Performance Snapshot for the Quarter: Q2 FY22

Consolidated Revenue for Q2 FY 22 at ₹ 108.65 Crore
- Down 1.1% sequentially over the previous quarter
- Up 1.3% YoY from Q2 FY 21
Consolidated EBIT for Q2 FY 22 at ₹ 32.64 Crore
- Up 6.3 % sequentially over the previous quarter
- Up 34.3% YoY from Q2 FY 21
- EBIT Margins for the quarter at 30.1%
Consolidated PAT for Q2 FY 22 at ₹ 37.29 Crore
- Up 9..7% sequentially over the previous quarter
- Up 60.2% YoY from Q2 FY 21
- PAT Margins for the quarter at 34.4%

Key business metrics

Revenue contribution from the Top 5 customers stood at 48.0 % and from the Top 10 customers at 69.0 %
Added 7 new customers during the quarter, taking the total number of active customers to 66.
Consolidated EPS was at ₹ 24.80 for the quarter.

A fact sheet providing the operating metrics for the company and a presentation for analysts can be downloaded from the investor section of the corporate website www.sasken.com

About Sasken
Sasken is a specialist in Product Engineering and Digital Transformation providing concept-to-market, chip-to-cognition R&D services to global leaders in Semiconductor, Automotive, Industrials, Consumer Electronics, Enterprise Devices, SatCom, Telecom, and Transportation industries. For over 30 years and with multiple patents, Sasken has transformed the businesses of 100+ Fortune 500 companies, powering more than a billion devices through its services and IP.

Spokesperson:
Swami Krishnan
VP and Head - Marketing & Communications
E: pr@sasken.com
T: +91 9743979264

Disclaimer on Forward Looking Statements:
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements due to risks or uncertainties associated with our expectations with respect to, but not limited to, our ability to successfully implement our strategy and our growth and expansion plans, technological changes, our exposure to market risks, general economic and political conditions in India which have an impact on our business activities or investments, changes in the laws and regulations that apply to the Indian IT services industry, including with respect to tax incentives and export benefits, adverse changes in foreign laws, including those relating to outsourcing and immigration, increasing competition in and the conditions of the Indian and global IT services industry, the prices we are able to obtain for our services, wage levels in India for IT professionals, the loss of significant customers the monetary and interest policies of India, inflation, deflation, unanticipated turbulence in interest rates, foreign exchange rates, equity prices or other rates or prices, the performance of the financial markets in India and globally, changes in domestic and foreign laws, regulations and taxes and changes in competition in the information technology/ telecommunication industries. Additional risks that could affect our future operating results are more fully described in our Red herring filing. The Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.

Sasken Quarterly Results | FY 2021-22 - Q1 | Sasken

Admin — Wed, 21 Jul 2021 04:00:00 GMT

The unprecedented ferocity of the second wave of the COVID-19 pandemic has been a significant challenge. It is with a heavy heart that I share the sad news of four Sasians passing away due to COVID and other illnesses. We continue to do our best to support our employees and ensure business continuity. We have made progress in strengthening our front-line teams, and our focus continues to be winning long-term, scalable business contracts from our existing key customers. The environment remains volatile, but we continue our business transformation journey. We are confident that our strength in technology that is valuable across industries will help us scale our revenue once we see a sense of normalcy returning, said Rajiv C Mody, Chairman, Managing Director, and CEO of Sasken.

Performance Snapshot for the Quarter: Q1 FY 22

Consolidated Revenues for Q1 FY 22 at ₹ 109.81 Crore
- Down 0.7 % sequentially over the previous quarter
- Down 2.9 % YoY from Q1 FY 21
Consolidated EBIT for Q1 FY 22 at ₹ 30.71 Crore
- Down 9.3 % sequentially over the previous quarter
- Up 4.0 % YoY from Q1 FY 21
- EBIT Margins for the quarter at 28.0 %
Consolidated PAT for Q1 FY 22 at ₹ 34.00 Crore
- Up 16.9 % sequentially over the previous quarter
- Up 20.2 % YoY from Q1 FY 21
- PAT Margins for the quarter at 31.1 %

Key business metrics

Revenue contribution from the Top 5 customers stood at 41.0 % and from the Top 10 customers at 64.0 %
Added 2 new customers during the quarter, taking the total number of active customers to 68.
Consolidated EPS was at ₹ 22.63 for the quarter.

A fact sheet providing the operating metrics for the company and a presentation for analysts can be downloaded from the investor section of the corporate website www.sasken.com

Spokesperson:
Swami Krishnan
VP and Head - Marketing & Communications
E: pr@sasken.com
T: +91 9743979264

Business Performance Result | FY 2020-21 - Q4 | Sasken

Admin — Fri, 23 Apr 2021 04:00:00 GMT

Fiscal 2021 has been a challenging year for the industry. Our primary focus has been to maintain business continuity and safeguard the interests all our stakeholders. We are beginning to see a return in customer confidence across the verticals we serve. We are focused on strengthening our front-line teams, deepening our solutions and service lines to win long term, scalable business contracts from our enviable list of customers. The unexpected exponential surge in Covid-19 due to the second wave may result in short term business uncertainties. While technology remains the panacea to help industries adapt and deliver newer revenue generating services in the post pandemic era, we remain cautious and monitor the situation closely said Rajiv C Mody, Chairman, Managing Director and CEO of Sasken.

Performance Snapshot for the Quarter: Q4 FY 21

Consolidated Revenues for Q4 FY 21 at ₹110.61 Crore
- Down 2.9 % sequentially over the previous quarter
- Down 2.0 % YoY from Q4 FY 20
Consolidated EBIT for Q4 FY 21 at ₹33.84 Crore
- Up 3.5 % sequentially over the previous quarter
- Up 77.5 % YoY from Q4 FY 20
- EBIT Margins for the quarter at 30.6 %
Consolidated PAT for Q4 FY 21 at ₹29.09 Crore
- Down 14.2 % sequentially over the previous quarter
- Up 207.8 % YoY from Q4 FY 20
- PAT Margins for the quarter at 26.3 %

Performance Snapshot for the FY 21

Consolidated Revenues for FY 21 at ₹444.83 Crore
- Down 9.6 % YoY from FY 20
Consolidated EBIT for FY 21 at ₹120.34 Crore
- Up 56.4 % YoY from FY 20
- EBIT Margins for the at 27.0 %
Consolidated PAT for FY 21 at ₹114.54 Crore
- Up 45.3 % YoY from FY 20
- PAT Margins for the year 25.7 %

Key business metrics

Revenue contribution from the Top 5 customers stood at 40.9 % and from the Top 10 customers at 65.2 %
Added 3 new customers during the quarter, taking the total number of active customers to 72.
Consolidated EPS was at ₹ 19.37 for the quarter and at ₹ 76.26 for the full fiscal.

A fact sheet providing the operating metrics for the company and a presentation for analysts can be downloaded from the investor section of the corporate website www.sasken.com

Spokesperson:
Swami Krishnan
VP and Head - Marketing & Communications
E: pr@sasken.com
T: +91 9743979264

Sasken and Primatec partner for Automotive Engineering

Admin — Fri, 20 Nov 2020 05:00:00 GMT

Bengaluru, India, and Sfax, Tunisia, November 20, 2020 – Sasken Technologies Ltd. (BSE: 532663, NSE: SASKEN), a leading product engineering and digital transformation services provider, today announced that it has partnered with Tunisia-based Primatec Engineering, a specialist in the testing and validation of automotive electronic control units (ECUs).

Through this working relationship, Sasken and Primatec will provide a complete array of services, across the product lifecycle, to customers in the automotive industry. While Sasken will leverage its strengths in automotive product engineering, Primatec will augment the partnership with their in-depth testing, verification, and validation expertise.

With over a decade of experience in the automotive industry and knowledge of the automotive software ecosystem, Sasken has delivered critical products and services in areas such as in-vehicle infotainment, telematics, digital clusters, and ADAS/Autonomous Driving to several automakers across the globe. With the rising need for stringent architecture such as AUTOSAR, GENIVI, Automotive Grade Linux, etc. and compliance to various safety standards in the automotive industry, Sasken is well-placed to support automakers and tier-1s as they harness the automotive ecosystem and deliver software that meets these requirements.

Commenting on the announcement, Satish Burli, VP and Head-Product Engineering Services, Sasken, said, “Sasken has a comprehensive range of product engineering services for the automotive industry and Primatec has extensive expertise in ECU testing leveraging AI and ML technologies in intelligent testing and automation services. We are delighted to partner with them to enable end-to-end solutions for customers in the Autonomous, Connected, Electric, and Shared Mobility space.”

Sabeur Ajili, CEO, Primatec Engineering, said, “The combined forces of Primatec, for its advanced know-how in intelligent ECU testing services, and Sasken, for its Product Engineering and Digital Transformation expertise, will be a significant value-add to our customers who are looking for zero-defect innovative products that will increase their competitive edge in the industry. We are excited to partner with Sasken to provide end-to-end solutions in the automotive industry.”

About Sasken:
Sasken is a specialist in Product Engineering and Digital Transformation providing concept-to-market, chip-to-cognition R&D services to global leaders in Semiconductor, Automotive, Industrials, Consumer Electronics, Enterprise Devices, SatCom, Telecom, and Transportation industries. For over 30 years and with multiple patents, Sasken has transformed the businesses of 100+ Fortune 500 companies, powering more than a billion devices through its services and IP. For more details, visit www.sasken.com

Media Contact:
pr@sasken.com

About Primatec:
Primatec is specialist in designing and engineering test environment solutions and performing ECU test and validation services in the automotive industry. Primatec has over a decade of experience working on projects in ECU testing for In-Vehicle Networking, Functional Safety and Security, Autonomous Driving, and several body and comfort ECUs for some premium OEMs such as BMW, Audi, etc. For more details, visit www.primatec.tn | Contact: info@primatec.tn