Crisis-hit Sasken sees margins plunging
Since January, the firm’s stock has fallen 83.7% and closed at Rs55.45 on Tuesday, almost one-fifth of the Rs260 at which shares were sold to the public in September 2005
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I was an employee of sasken for more than 4 years. This was an excellent company in terms of strategy, culture, people first, etc. But the reason for maintaining these standards was due to the some old people. Sasken lost these good people by introducing new people at the senior management level. If Rajiv Modi look at getting these people back, then company situation would be better. I wish sasken to regain its charm, energy, good old people, etc.
Former