Sasken
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Sasken - overview
Established
1989
Location
Bangalore, Karnataka, India
Primary Industry
Marketing/Advertising
About
Sasken Technologies is a leading provider of Product Engineering and Digital Transformation services, delivering innovative solutions across Semiconductor, Automotive, Industrials, and Enterprise Grade Devices sectors. Founded in 1989 in Bangalore, India, Sasken Technologies specializes in engineering services and solutions, focusing on R&D from concept to market. The company has undergone strategic shifts over the years, adapting its offerings to meet evolving market demands. The CEO of Sasken is Abhijit Kabra, and it was established by Krishna Jhaveri.
Sasken has operated two notable deals with the most recent deal occurring on June 1, 2006, when Kotak Private Equity Group exited the company. Sasken Technologies specializes in Product Engineering and Digital Transformation, offering comprehensive R&D services across various sectors, including Semiconductor, Automotive, Industrials, and Enterprise Grade Devices. Their solutions include Android services, embedded software development, hardware design, and application development, targeting innovative areas such as smart cities, IoT networks, and connected manufacturing. Sasken serves over 100 Fortune 500 clients, delivering intelligent device solutions that enhance user experiences and drive automation globally in regions such as North America, Europe, and Asia-Pacific.
In the most recent fiscal year 2024, Sasken Technologies generated a revenue of USD 49. 10 mn and reported an EBITDA of USD 11. 59 mn. The company primarily operates on a B2B revenue model, securing income through long-term contracts and project-based engagements with large enterprises.
Their pricing strategies reflect the complexity of the solutions provided, ensuring clients receive appropriate value for their investment. Looking ahead, Sasken Technologies is focused on expanding its product offerings and entering new markets. The company is in the process of designing new products aimed at enhancing its capabilities in sectors like IoT and smart manufacturing. They are also targeting geographic expansion into emerging markets in Asia and Europe by 2025.
The funds raised in prior rounds will be utilized to support these initiatives, alongside investments in new technology and talent acquisition.
Primary Industry
Marketing/Advertising
Sub Industries
Public Relations & Communications, Software
Website
www.sasken.com
Total Amount Raised
Subscriber access only
Sasken - timeline of key events
Sasken - financials
| Fiscal Year Ended | Mar 31, 2013 | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 4,748,308,000 | 4,580,293,000 | 4,280,099,000 | 4,831,674,000 | 4,689,424,000 | 5,030,247,000 | 5,043,112,000 | 4,922,222,000 | 4,448,352,000 | - | - | - |
| % Revenue Growth (YoY) | - | (3.5%) | (6.6%) | 12.9% | (2.9%) | 7.3% | 0.3% | (2.4%) | (9.6%) | - | - | - |
| EBITDA (USD) | 584,555,000 | 846,617,000 | 2,242,988,000 | 2,895,685,000 | 882,308,000 | 1,054,362,000 | 1,163,993,000 | 1,235,049,000 | 1,584,608,000 | - | - | - |
| Operating Income (USD) | 390,410,000 | 721,195,000 | 2,131,012,000 | 2,829,677,000 | 817,359,000 | 992,137,000 | 1,097,941,000 | 1,123,462,000 | 1,482,786,000 | - | - | - |
| Operating Margin | 8.2% | 15.7% | 49.8% | 58.6% | 17.4% | 19.7% | 21.8% | 22.8% | 33.3% | - | - | - |
| % EBITDA Margin | 12.3% | 18.5% | 52.4% | 59.9% | 18.8% | 21.0% | 23.1% | 25.1% | 35.6% | - | - | - |
| NET Income (USD) | 319,593,000 | 514,717,000 | 1,195,644,000 | 2,062,925,000 | 736,860,000 | 824,231,000 | 904,229,000 | 788,275,000 | 1,145,464,000 | - | - | - |
| % Net Margin | 6.7% | 11.2% | 27.9% | 42.7% | 15.7% | 16.4% | 17.9% | 16.0% | 25.8% | - | - | - |
Sasken - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unspecified Round | Completed | ConnectM Technology Solutions Inc. | - | ||||||||
| Unspecified Round | Completed | ConnectM Technology Solutions Inc. | - | ||||||||
| Unspecified Round | Completed | ConnectM Technology Solutions Inc. | - | ||||||||
| Unspecified Round | Completed | ConnectM Technology Solutions Inc. | - | ||||||||
| Unspecified Exit | Completed | Sasken | - |
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Sasken - employee data
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