Abhijit Kabra appointed CEO of Sasken Technologies; stock tumbles ~8%

21 Jul 2022 , 09:30 AM

Sasken Technologies Limited, a leading product engineering and digital transformation solutions provider, appointed Abhijit Kabra as Chief Executive Officer, reporting to Rajiv C Mody, Chairman & Managing Director.

Abhijit will work to scale the company, both organically and inorganically significantly.

His track record of building businesses that use technology as a growth enabler will be invaluable in accelerating Sasken’s business transformation journey.

“The timing is ideal for Sasken to capitalize on the enormous growth opportunities in what NASSCOM refers to as the tech-decade. I am committed to this vision and will work hard to build on the solid foundation established by Sasken over the last three decades.

Sasken is unique and well-known for its world-class global talent and high-profile clients. I am thrilled at the prospect of unlocking value for all stakeholders,” said Abhijit Kabra.

Sasken is a Product Engineering and Digital Transformation specialist, offering concept-to-market, chip-to-cognition R&D services to global leaders in semiconductors, Automotive, Industrials, Consumer Electronics, Enterprise Devices, SatCom, Telecom, and Transportation.

At around 9.33 AM, Sasken Technologies was trading at Rs778.70 per piece, down by Rs63.3 or 7.52% from its previous closing of Rs842 on the BSE. The scrip opened at Rs811.10 and has touched intraday high and low of Rs811.10 and Rs770.50 respectively.