Anjan Lahiri joins Sasken as Whole time Director and Chief Executive Officer
Bangalore, August 19, 2013 – Sasken Communication Technologies Ltd. (BSE: 532663 & NSE: SASKEN) today announced that Anjan Lahiri joined as Whole-time Director and Chief Executive Officer on the Board of Sasken with effect from Monday 19th August 2013.
“I am excited to induct Anjan Lahiri as Whole time Director and Chief Executive Officer of Sasken. Anjan belongs to a young generation of leaders who have a proven track record in both ’crafting strategies’ as well as having the ’laser sharp’ focus to see them being successfully executed. Sasken is an undisputed leader in providing cutting edge and innovative solutions across the communication value chain. Anjan, with his vast experience in IT Services will be the ideal person to lead the charge, leverage our core assets and establish Sasken as a dependable partner to enterprises who need to achieve business transformation” said Rajiv C Mody, Chairman and Managing Director of Sasken.
“After a tremendously satisfying 14 years in Mindtree, I was looking for an organization with the ethics and values that I treasure, a solid business foundation that can scale and an area that is exciting. I see all of that in Sasken and hence have made a strong commitment to the future of Sasken” said Anjan Lahiri
“Over many years Sasken has a rock solid reputation for governance, the team is recognized as one of the best in technical depth, and customers have been loyal in their relationship. In addition, Rajiv, along with the senior management team recognize the need for bringing in new blood into the management team to take the company forward. I could not have scripted a better opportunity for the next phase of my career.”
Anjan signed off adding “I am bullish about the future of Sasken. I am delighted to have been given this opportunity by Rajiv and look forward to working with him.”
‘Anjan’s coming on board Sasken is extremely well timed. Sasken’s leadership in communication and embedded systems combined with Anjan’s experience in IT services across several verticals is synergistic. The combination of our strengths and Anjan’s expertise will help re-establish our rightful place as a leader in the industry’ added Rajiv Mody.
Sasken (www.sasken.com) is an R&D Technology Solutions company that helps businesses across the Communication and Consumer value chain accelerate product development life cycles. Sasken offers a unique combination of R&D Consultancy, Wireless Software products, Solutions & Services for Consumer Electronics & Network Engineering Services and works with Network OEMs, Semiconductor Vendors, Terminal Device OEMs, Consumer Electronics OEMs and Operators across the world. Global Fortune 500 and Tier 1 companies in these segments are part of Sasken’s customer profile.
Backed by ISO 9001, TL 9000 & BS7799 certifications, Sasken is driven by strong emphasis on quality. Sasken today works with 4 of the top 5 network equipment manufacturers, 5 of the top 10 terminal device manufacturers, 6 of the top 10 semiconductor manufacturers and 2 of top 10 operators.
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.
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