SASKEN TECHNOLOGIES Share price

History and Corporate StructureOur Company was incorporated in the State of Gujarat on February 131989 as ASIC Technologies Private Limited under the Companies Act. Thename of our Company was changed to Silicon Automation Systems (India)Private Limited and a fresh certificate of incorporation consequent onchange of name was issued by the Registrar of Companies Gujarat onOctober 13 1992. On April 20 1993 we changed our registered officefrom the State of Gujarat to the State of Karnataka. The name of ourCompany was changed to Silicon Automation Systems Limited and a freshcertificate of incorporation consequent on change of name was issued bythe RoC on December 30 1998. The name of our Company was changed toSasken Communication Technologies Limited and a fresh certificate ofincorporation consequent on change of name was issued by the RoC onOctober 17 2000.History and Major EventsThe chronology of events since our Company was incorporated in 1989 isas follows:Year Key Events Milestones and Achievements1989 Incorporated as ASIC Technologies Private Limited in the State of Gujarat1992 Changed our name to Silicon Automation Systems (India) Private Limited1993 Shifted registered office from the State of Gujarat to the State of Karnataka.1993 Awarded our first contract in the telecom space.1994 Began investing in research and development in the telecom space.1996 Certified as ISO 9001:1994 compliant1996 Began participating in standards bodies such as ITU/T.1997 Awarded our first licensing deal in the DSL technology space.1999 Investment by financial investors2000 Changed our name to Sasken Communication Technologies Limited2000 Awarded first licensing deal in the wireless space.2001 Certified as ISO9001: 2000 compliant.2002 Assessed at SEI CMM Level 5. Awarded the NHRD award for lifetime achievement. Also ranked 14th in the Business Today-Hewitt survey for Best Employers in India.2004 Ranked first in the Business Today-Mercer survey for Best Employers in India and ranked sixth in the Dataquest and Business World-Great Places to Work surveys.2004 Received TL9000 and BS7799 certification2004 First royalty revenue stream in the telecom space2004 First international customer account to cross the US$10 million billing milestone2005 Investments by Nortel Networks Mauritius Limited Nokia Growth Partners LP and MVC VI FVCI Limited