Sasken Technologies Limited , a leading provider of product engineering and digital transformation services, has announced a significant addition to its senior management team. The company has appointed Mr. Rajeev Ved as its new Chief Growth AI Officer, effective November 20, 2025. This strategic move aims to strengthen Sasken's leadership in the rapidly evolving tech landscape.

Key Appointment Details

Extensive Experience and Expertise

Mr. Ved brings a wealth of experience to his new role at Sasken Technologies. His career spans over 25 years, during which he has developed extensive expertise in:

• B2B technology
• Industrial technology
• Telecommunications
• Mobility sectors

His background includes leading large-scale transformations and advising global clients on growth strategies during his time at prestigious consulting firms such as BCG and Bain. Ved's entrepreneurial spirit is evident from his multiple ventures in the tech sector, and his international exposure covers work across the United States, India, and Europe.

Educational Background

Mr. Ved's academic credentials further underscore his qualifications for this pivotal role:

• MBA from the Ross School of Business, University of Michigan
• Bachelor of Science in Computer Science from the University of Maryland

Strategic Implications

The appointment of Mr. Ved as Chief Growth AI Officer signals Sasken Technologies' commitment to leveraging artificial intelligence for growth and innovation. This move aligns with the increasing importance of AI in driving business transformation and competitive advantage in the tech industry.

Sasken Technologies' decision to create this new position and bring in a leader with Ved's caliber suggests a strategic focus on:

1. Accelerating growth through AI-driven initiatives
2. Enhancing digital transformation capabilities
3. Expanding the company's footprint in key technological domains

As Sasken Technologies positions itself for future growth, the addition of Mr. Rajeev Ved to its leadership team marks a significant step in its journey to remain at the forefront of technological innovation and service delivery in the product engineering and digital transformation space.

Sasken Technologies has announced its financial results for the second quarter, revealing a mixed performance with a notable interim dividend declaration.

Financial Highlights

• Interim Dividend: The Board of Directors has declared an interim dividend of ₹12 per equity share.
• Q2 Consolidated Net Profit: Declined to ₹98.00 million from ₹120.50 million year-over-year.
• Q2 Revenue: Doubled to ₹2.60 billion from ₹1.30 billion in the same period last year.
• EBITDA: Increased significantly to ₹150.00 million from ₹45.00 million year-over-year.
• EBITDA Margin: Improved to 5.87% from 3.36% compared to the previous year.

Performance Analysis

Sasken Technologies demonstrated strong top-line growth in Q2, with revenue doubling year-over-year. This substantial increase indicates robust demand for the company's product engineering and digital transformation services.

Despite the impressive revenue growth, the company experienced a decline in net profit. This could be attributed to increased operational costs or investments in growth initiatives. However, the significant improvement in EBITDA and EBITDA margin suggests enhanced operational efficiency and cost management.

Strategic Developments

The company's Q2 performance reflects its resilience and commitment to long-term value creation. Rajiv C. Mody, CMD & CEO of Sasken Technologies, stated, "Our Q2 performance reflects the continued resilience of Sasken's business model and our commitment to building long-term value. Despite a soft quarter sequentially, we delivered strong year-on-year growth, improved operating margins, and healthy profitability."

Sasken is focusing on executing strategic priorities, enhancing operational efficiency, and investing in emerging technology areas to drive sustainable growth.

Business Segments and Order Book

Sasken operates in two main segments:

1. Software Services: Achieved 6% sequential growth despite seasonally softer Nordic summer period.
2. Product Solutions: Experienced temporary softness due to technical challenges and program-specific delays.

The total order book for the quarter stood at $28.50 million, with $20.20 million coming from new business. The company also signed four new logos during this period.

Future Outlook

Priyaranjan, CFO of Sasken Technologies, commented on the financial performance, saying, "Our financial performance this quarter reflects steady progress toward building a sustained growth trajectory. While some pursuits may take longer to translate into outcomes, we continue to proactively address margin softness through effective cost and delivery management."

The company remains focused on scaling efficiently and judiciously deploying cash reserves to reinvest in growth and capability building, ensuring long-term value creation.

Dividend Details

The interim dividend of ₹12 per equity share (120% of face value) will be paid to eligible shareholders. The Record Date is set for Thursday, November 13, and the dividend will be paid on or after Wednesday, November 19.

As Sasken Technologies navigates through a period of revenue growth and profit challenges, the substantial interim dividend demonstrates the company's commitment to shareholder returns while balancing investments for future growth.