Business

Sasken Technologies Announces CEO Transition and Strategic Appointment to Drive Global Growth

BANGALORE, India, June 4, 2024 - In a significant development, Sasken Technologies, a globally recognized provider of product engineering and digital transformation services, today disclosed that its CEO, Abhijit Kabra, is set to depart from the role for personal reasons. In response to this departure, Rajiv C. Mody, who currently serves as Chairman and Managing Director (CMD), will take over the additional responsibilities as CEO effective immediately, ensuring the continuation of the company's strategic direction and leadership stability.

"It has been immensely gratifying to navigate Sasken Technologies over the past couple of years," elaborated Abhijit Kabra. "With Rajiv at the helm, coupled with the addition of Alwyn as Chief Operating Officer, I am assured that the company is poised to achieve even greater milestones in growth. I await with anticipation to witness Sasken as it escalates to conquer new achievements in the industry."

Amidst these leadership changes, Sasken Technologies is also thrilled to announce the appointment of Alwyn Joseph Premkumar as President & Chief Operating Officer (COO). Alwyn will be stationed in the USA, overseeing the company's global operations. This strategic induction is aligned with the company's ambitious 60x4x3 growth strategy and is aimed at driving escalated growth and fortifying a consistently strong and scalable organization.

Alwyn Joseph Premkumar is an industry veteran with more than 18 years of significant experience in technology and engineering services industries. Throughout his impressive career, he has held pivotal leadership positions at well-known companies like TCS and ITC Infotech, and notably, he served as the deputy CEO at FPT Software Americas. Known for his proficiency in delivering profitable and sustainable organizational growth, as well as spearheading business transformation initiatives, Alwyn has established a commendable reputation in constructing high-growth enterprises that are both focused on their people and devoted to their customers.

In his new role, Alwyn Joseph Premkumar's central focus will be to broaden Sasken's global presence and operational footprints. "Joining Sasken Technologies at this transformative phase is exhilarating," stated Alwyn. "I am resolute in my belief in the company's trailblazing innovation and customer-first approach. This position presents us with an exceptional prospect to deliver unparalleled value to our clientele while championing significant growth for Sasken. I am eager to collaborate with the phenomenal team here to fast-track our 60x4x3 strategy, expanding our reach and impact worldwide."

Rajiv Mody, the CMD, conveyed his gratitude towards Abhijit Kabra for his purpose-driven leadership over the preceding years and warmly welcomed Alwyn into his new role. "We express our heartfelt appreciation for Abhijit's stewardship and are thrilled to have Alwyn on board as our new President & COO. The organization is dedicated to maintaining our growth momentum and advancing our strategic 60x4x3 initiatives to deliver remarkable outcomes for our global stakeholders," he reflected.

Sasken Technologies reiterates its unwavering commitment to delivering state-of-the-art solutions and superior service to its clients across the globe. The recent leadership transitions underscore the company's dedication to strategic expansion and the pursuit of operational excellence.

The Essence of Sasken Technologies

For those unfamiliar with the company, Sasken is at the forefront of Product Engineering and Digital Transformation, providing from-concept-to-market and chip-to-cognition research and development services. Their clientele includes global industry leaders across various sectors such as Semiconductor, Automotive, Industrials, Consumer Electronics, Enterprise Devices, SatCom, Telecom, and Transportation. With over three decades of innovation, multiple patents to their name, and having revolutionized the businesses of more than a hundred Fortune 500 companies, Sasken has subtly integrated their expertise into powering billions of devices through its services and intellectual property.

For additional insights and information regarding Sasken and its services, please visit their website at www.sasken.com.

Communication Channels and Media Queries

Should you have any queries or require further details, please reach out to:

Rekha Sahay Ghosh Head of Marketing & Communications Email: [email protected] Phone: +91 80 6694 3009

Forward-Looking Statements and Disclaimers

This press release contains certain forward-looking statements regarding the future growth prospects of Sasken Technologies. These statements are based on current expectations and projections and are subject to a variety of risks and uncertainties. These could significantly impact actual outcomes and results if they differ from the expectations due to risks associated with the company's growth strategies, technology changes, market risks, general economic and political conditions in India affecting business practices or investments, regulatory changes, especially in IT services within the Indian context, foreign law amendments, competitive industry conditions, pricing, Indian IT professional wage levels, customer retention, Indian monetary and interest policies, volatility in interest rates, exchange rates, and other financial elements, also the overall performance of financial markets in India and abroad. Potential risks that could influence future operational results are more comprehensively observed in our red herring filings. Sasken Technologies assumes no obligation in updating any forward-looking statements that may arise from time to time on behalf of the company.

For a visual depiction of the company's ethos and to view the Sasken Technologies logo, please follow the link provided: Sasken Technologies Limited Logo.

Conclusion

As Sasken Technologies Ltd. charts a new course under this refined leadership structure, the industry watches with keen interest. The appointment of a proven leader like Alwyn Joseph Premkumar as COO and the strategic expansion of the company's vision to increasingly ambitious targets demonstrates Sasken's dedication to its legacy of innovation and client satisfaction. With a firm foundation laid by its outgoing leadership and promising horizons ahead, Sasken Technologies stands at the precipice of a dynamic future in the highly competitive landscape of global IT services.

Sasken's explorative approach to expansion, the integration of veteran industry leaders, and the reinforcement of its strategic intent with the 60x4x3 growth plan set to catalyze its future endeavours. As the company continues to nurture its customer-centric ethos and pursue technological excellence, the pioneering spirit of Sasken Technologies is more evident than ever. As it progresses into its next chapter, the commitment to delivering innovative solutions remains unwavering, promising to not just meet but exceed the expectations of its diverse and expanding clientele.

This pivotal moment is crucial not just for Sasken but for its stakeholders, employees, and the wider industry as a whole. With its deeply ingrained belief in the power of technology to transform businesses and touch lives, Sasken Technologies forges ahead with an empowered team, future-ready strategies, and an undiminished passion for engineering products that shape the world.

SOURCE: Sasken Technologies Ltd.