Edit filter log

'{{advert|date=March 2017}} {{Use dmy dates|date=September 2016}} {{Use Indian English|date=September 2016}} {{Infobox company | name = Mastek Limited | logo = MAS0247 Mastek Master Logo.png | logo_size = | caption = | type = Public | traded_as = {{BSE|523704}}; {{NSE|MASTEK}} | industry = [[Software]][[Information technology]] | foundation = May 1982 | founders = [[Sudhakar Ram]], Ashank Desai, Ketan Mehta, R. Sundar | location_city = [[Mumbai]] | locations = India (6 centres) United Kingdom (3 centers) United States (2 centers) | key_people = John Owen (Group CEO), Prahlad Koti (UK MD), Abhishek Singh (Group CFO), Maninder Kapoor Puri (Group CPO), Hiren Shah (SVP Service Lines) | services = Agile Consulting, Application Support and Maintenance, Digital Commerce, Application Development, Business Intelligence, and Assurance & Testing | revenue = $126.8 million(in [[Financial year|FY]] 2017-18) | num_employees = 2000 + | subsid = {{Unbulleted list|Digility INC [www.digility.com]| Taistech [www.taistech.com ]| Indigoblue Consulting [www.indigoblue.co.uk ]}} | location_country = India | homepage = {{url|mastek.com}} }} '''Mastek Limited''' is a global technology company delivering enterprise level digital transformation solutions for large public and private enterprises in the UK, US and India. Current customers include the UK Home Office, NHS, Morrisons, Aviva and Specsavers.<ref>{{Cite web|url=https://economictimes.indiatimes.com/mastek-ltd/infocompanylocations/companyid-11047.cms|title=Mastek Head Office {{!}} Mastek Headquarters Details - The Economic Times|website=economictimes.indiatimes.com|access-date=2018-11-12}}</ref><ref>{{Cite web|url=https://www.mastek.com/contact-us|title=Contact us forbobDevelopment to Agile Consulting|website=www.mastek.com|language=en|access-date=2018-11-12}}</ref> The company reported net revenues of 832 Crores for FY2018 as compared to 572.8 Crores in FY17, reflecting an increase of 46.3% in rupee terms. Operating revenue stood at 817.2 Crores for FY18 as compared to 560.2 Crores in FY17, indicating an increase of 45.9% in rupee terms. Mastek has more than 2112 employees across the 18 offices it operates out of in the UK, US and India. Employee numbers grew by 31% over the 12 month period April 2017-March 2018. Mastek is listed on the National Stock Exchange of India Limited under the symbol MASTEK and BSE under the 523704.({{BSE|523704}}) <ref>{{Cite web|url=https://www.mastek.com/sites/default/files/PDF%20downloads/Finance%20information/Annual%20reports/2018/Mastek-Limited-Annual-Report-2017-18.pdf|title=Mastek Annual Report|website=www.mastek.com|language=en}}</ref> ==History== Mastek (Management and Software Technologies) was founded in May 1982<ref>{{cite web|url=http://www.source2update.com/Company-History/Mastek-MASTEK.html |title=Mastek limited [MASTEKs&#93; History |publisher=Source2update.com |date= |accessdate=2010-07-16}}</ref> by Ashank Desai, Ketan Mehta and R. Sundar.<ref name="Promo">[http://mastek.com/content/aboutus/quick_facts.asp Mastek Quick Facts] {{webarchive|url=https://web.archive.org/web/20080125092416/http://www.mastek.com/content/aboutus/quick_facts.asp |date=25 January 2008 }}</ref>{{dead link|date=January 2019}} They were later joined by [[Sudhakar Ram]]. Sudhakar held the role of Group CEO of the company until late 2016 when John Owen <ref>{{Cite news|url=https://economictimes.indiatimes.com/markets/expert-view/indias-talent-base-is-phenomenal-john-owen-group-ceo-mastek/articleshow/59679167.cms|title=India's talent base is phenomenal: John Owen, Group CEO, Mastek|date=2017-07-20|work=The Economic Times|access-date=2018-11-12}}</ref> joined the business and took over as the Group CEO. Sudhakar now operates as the Vice Chairman and Managing Director of the Mastek Group.<ref>{{Cite web|url=https://www.mastek.com/about-us#3196107119-1243726808|title=About Us {{!}} Mastek improves lives through mission-critical, enterprise DX solutions|website=www.mastek.com|language=en|access-date=2018-11-12}}</ref> [[File:Mastek_Building_March_2019.jpg|alt=|left|thumb]] Mastek USA was established in 1992. Mastek became the 1st company to develop [[Enterprise Resource Planning]] (ERP) in India and also the first Indian IT company that got listed at premium price. Mastek UK was established in 1992 and two years later, in 1994, Mastek set up its subsidiary in Malaysia.<ref>{{cite web|url=https://www.business-standard.com/company/mastek-2732/information/company-history |title=Mastek History | publisher=business-standard.com}}</ref> In 2007, it ranked 11th among the leaders of Global Outsourcing 100 Companies by the International Association of Outsourcing Professionals published in ''Fortune'' magazine (April 2007)&nbsp;– Recognition for ‘Methodologies and Innovation’ adopted by Mastek. In 2008, Mastek Limited bought Systems Task Group (STG) <ref>{{Cite news|url=https://timesofindia.indiatimes.com/business/india-business/Mastek-buys-US-based-company/articleshow/2853275.cms|title=Mastek buys US-based company - Times of India|work=The Times of India|access-date=2018-11-10}}</ref>, an international provider of enterprise solutions for the property and casualty (P&C) insurance industry, in an all-cash consideration of $29 million (Rs. 116 crore). In 2010, Mastek acquired Kognitio Data Migration Offering and also the assets of SEG Software, LLC.<ref>{{cite news|url=http://economictimes.indiatimes.com/mastek-ltd/infocompanyhistory/companyid-11047.cms |title=Company History&nbsp;— Mastek Ltd. |publisher=The Economic Times |accessdate=2014-09-12}}</ref><ref>{{cite web|url=http://www.moneycontrol.com/stocks/stock_market/corp_notices.php?autono=303562 |title=Mastek Acquires Kognitio Data Migration Offering |publisher=Money Control |accessdate=2014-09-12}}</ref><ref>{{cite news|url=http://profit.ndtv.com/stock/mastek-ltd_mastek/reports |title=Mastek Ltd. History |publisher=NDTV Profit |accessdate=2014-09-12}}</ref> In May 2015, Mastek acquired IndigoBlue Consulting. <ref>{{cite news |title=Mastek buys UK agile development company after Majesco spin-off|url=https://economictimes.indiatimes.com/tech/ites/mastek-buys-uk-agile-development-company-after-majesco-spin-off/articleshow/48097944.cms |accessdate=16 July 2015 |work=The Economic Times |publisher=Jochelle Mendonca}}</ref> In Jan 2017, Digility, a subsidiary of Mumbai-based IT firm Mastek acquired [https://www.taistech.com/ TAISTech], a services firm focused on digital commerce transformation. <ref>{{Cite news|url=https://timesofindia.indiatimes.com/deals/-ma/mastek-subsidiary-buys-us-digital-solutions-firm-for-rs-170-crore/articleshow/56366700.cms|title=Mastek subsidiary buys US digital solutions firm for Rs 170 crore - Times of India|work=The Times of India|access-date=2018-11-10}}</ref> In Oct 2018, Digility Inc. was renamed to Mastek Inc. to serve the U.S. market by providing application development, maintenance and support, BI and analytics, digital commerce, testing, and agile consulting to organizations worldwide. <ref>{{Cite news|url=https://www.mastek.com/sites/default/files/PDF%20downloads/Press%20releases/2018/PR-Digility%20Name%20Change-30Sept2018.pdf|title=Mastek Inc. builds on digital transformation services in North America}}</ref> ==IPO and International Expansion== In 1992 Mastek acquired Carter Cast Systems, an IT company as part of the plan to establish the Mastek footprint in the UK and set up base in Theale.<ref>https://www.business-standard.com/article/specials/mastek-floats-arm-in-san-francisco-197012101016_1.html</ref> In 1995 Capita engaged Mastek to bid for the London Congestion Charging scheme (LCC). The scheme went live as planned, on the 17th of February, 2003. In 2003 BT Global Services invited Mastek to join the consortium, for the Spine programme. Mastek was involved in delivering and maintaining several applications for the NHS Spine over the next decade – involving over 130 deliveries during the project phase.<ref>https://www.financialexpress.com/archive/london-traffic-gets-a-helping-hand-from-mastek/65343/</ref> [[MajescoMastek |Majesco]] , the U.S. subsidiary of global technology solutions provider Mastek was founded in 1992. In 2005, the firm acquired Entegram LLC, a Connecticut-based software company.<ref>https://www.businesswire.com/news/home/20051024005856/en/Mastek-Ltd.s-MajescoMastek-Unit-Acquires-Connecticut-Software</ref> In 2007, it acquired Vector Insurance Services a technology solutions provider and third-party administrator that focuses on the North American life and annuity insurance industry.<ref>https://economictimes.indiatimes.com/tech/software/mastek-acquires-us-based-llc-vector-for-9-mn/articleshow/2218451.cms</ref> Systems Task Group (STG) an IP-based enterprise solutions provider to the North American property and casualty (P&amp;C) insurance industry was acquired in 2008.<ref>https://economictimes.indiatimes.com/tech/ites/mastek-makes-second-insurance-acquisition-in-us/articleshow/2852369.cms</ref> In 2009, [[MajescoMastek | Majesco]] entered the Canadian Market. SEG Software, LLC, a provider of policy administration systems covering individual and group life, health & annuity insurance products was acquired in 2010.<ref>https://economictimes.indiatimes.com/tech/ites/mastek-acquires-assets-of-seg-software/articleshow/7024938.cms</ref> In 2014, [[MajescoMastek | Majesco]] demerged from Mastek consolidating all of its insurance business internationally under the new brand, Majesco. In December 2014, the firm announced the signing of an agreement to merge the business of Cover-All Technologies (NYSE MKT: COVR) with Majesco.<ref>https://www.indiainfoline.com/article/news-top-story/%E2%80%8Bmajesco-%E2%80%8B%E2%80%8Bmastek-surges-13-on-demerger-news-114091500066_1.html</ref> <ref>https://www.thehindubusinessline.com/info-tech/Mastek-to-demerge-list-insurance-business/article20865348.ece</ref> In February 2015 [[Majesco]] acquired the consulting firm Agile Technologies.<ref>https://www.insurancejournal.com/news/national/2015/02/11/357162.htm</ref> ==Growth and Acquisitions== In 2015 Mastek acquired IndigoBlue, a consultancy firm specialising in Agile programme management.<ref>https://economictimes.indiatimes.com/tech/ites/mastek-buys-uk-agile-development-company-after-majesco-spin-off/articleshow/48097944.cms</ref><ref>https://www.vccircle.com/mastek-acquires-uk-based-it-consulting-startup-indigoblue/</ref> In 2016 Mastek acquired TAISTech, a US-based digital commerce expert. TAISTech delivers the Oracle CX portfolio of products including ATG & Endeca, Commerce Cloud, Xstore, Responsys, SRM and RightNow.<ref>https://www.moneycontrol.com/news/business/companies/mastek-pegs-taistech-revenue-at-3630-mn-by-march-2017-chief-927598.html</ref> ==Initiatives== *Mastek Foundation Mastek Foundation Founded in 2002, the Mastek Foundation is the Corporate and Social Responsibility (CSR) wing of Mastek and [[Majesco]] Ltd. Its mission is ‘Informed Giving, Responsible Receiving’. Registered under the Bombay Public Trust Act, the Mastek Foundation encourages individuals, employees and corporate professionals to contribute to society. The Mastek Foundation mainly supports the promotion of education, health and nutrition, eradication of hunger, promotion of gender equality and protection of environment sustainability.<ref>http://www.csrvision.in/mastek-foundation-aims-to-raise-rupees-forty-lakhs-in-3-hours/</ref><ref>http://www.mastekfoundation.org.in/32-2/</ref><ref>http://indiacsr.in/csr-mastek-foundation-to-educate-3500-children/</ref> *Project Deep Blue Project Deep Blue was started in 2015 as a [[Mastek]] initiative to encourage engineering students to solve social problems using coding skills; to come up with meaningful technical solutions over a course of three months. As a part of this competition, participating engineering graduates create working solutions for real life problems from the social sector. Teams which make it through the selection process, use latest cutting edge technology like Neural nets, social data analytics, machine learning, advanced image processing, iOT to build working solutions.<ref>https://ves.ac.in/vesit/industry-project-competition-deep-blue/</ref><ref>https://blog.mastek.com/project-deep-blue-season4</ref> <ref>http://deepblue.co.in/</ref> <ref>http://www.afternoondc.in/education-careers/project-deep-blue-students-find-a-route-to-solve-real-life-civic-problems/article_241141</ref> *Mastek 4.0 Mastek 4.0 was designed to eliminate management layers and better enable employees to deliver a business impact to customers. There are now just three layers separating the CEO from the frontline developers and instead of a command and control based hierarchical structure, the entire company is organised as self-managed teams with the ability to set their own goals. Under the new organisational structure, the company also decided to do away with the traditional supervisory appraisal process and instituted a team based self-appraisal system incentivising the top performing teams.<ref>https://timesofindia.indiatimes.com/business/india-business/Self-managed-teams-get-a-role-at-India-Inc/articleshow/48850681.cms</ref> ==Services== Application Development – Bespoke application development<ref>{{Cite web|url=https://www.mastek.com/application-development|title=Services {{!}} Application Development|website=www.mastek.com|language=en}}</ref> Agile Consulting – Agile consulting and programme management<ref>{{Cite web|url=https://www.mastek.com/agile-consulting|title=Services {{!}} Agile Consulting|website=www.mastek.com|language=en}}</ref> Business Intelligence & Analytics – Enterprise level data insight<ref>{{Cite web|url=https://www.mastek.com/business-intelligence-analytics|title=Services {{!}} Business Intelligence & Analytics|website=www.mastek.com|language=en}}</ref> Application Support & Maintenance – DevOps and agile service management<ref>{{Cite web|url=https://www.mastek.com/application-support-and-maintenance|title=Services {{!}} Application Support & Maintenance|website=www.mastek.com|language=en}}</ref> Assurance & Testing – Integrated software testing<ref>{{Cite web|url=https://www.mastek.com/assurance-and-testing|title=Services {{!}} Assurance & Testing|website=www.mastek.com|language=en}}</ref> Digital Commerce - Omnichannel solutions<ref>{{Cite web|url=https://www.mastek.com/digital-commerce|title=Services {{!}} Digital Commerce|website=www.mastek.com|language=en}}</ref> ==Notable Alumni== Sudhakar Ram, Co-Founder<ref>{{Cite web|url=https://en.wikipedia.org/wiki/Sudhakar_Ram|title=Sudhakar Ram|language=en}}</ref> Ashank Desai, Co-Founder<ref>{{Cite web|url=https://www.nasscom.in/past-chairman-council|title=Ashank Desai|language=en}}</ref><ref>{{Cite web|url=https://www.bloomberg.com/research/stocks/people/person.asp?personId=8369283&privcapId=141051|language=en}}</ref> Ketan Metha<ref>{{cite web |last1=Mehta |first1=Ketan |url=https://in.wallmine.com/people/47128/ketan-mehta |website=wallmine}}</ref> Radhakrishnan Sundar<ref>{{Cite web|url=https://www.bloomberg.com/research/stocks/private/person.asp? personId=617382&privcapId=272239347|title=Radhakrishnan Sundar|language=en}}</ref> ==Current Senior Executive Team== John Owen, Group CEO<ref>{{Cite web|url=https://www.mastek.com/about-us#3196107119-3429690265|title=John Owen|language=en}}</ref><br> Abhishek Singh, Group CFO<ref>{{Cite web|url=https://www.bloomberg.com/research/stocks/people/person.asp?personId=384498153&privcapId=141051|title=Abhishek Singh|language=en}}</ref> Prahlad Koti, MD-UK<ref>{{Cite web|url=https://www.mastek.com/about-us#3196107119-4068287963|title=Prahlad Koti|language=en}}</ref> Maninder Kapoor Puri, Group Chief People Officer<ref>{{Cite web|url=https://www.mastek.com/about-us#3196107119-3011154259|title=Maninder Kapoor Puri|language=en}}</ref> Hiren Shah, Senior Vice President of Service Lines<ref>{{Cite web|url=https://www.mastek.com/about-us#3196107119-3055728894|title=Hiren Shah|language=en}}</ref> == Awards== Ranked amongst the Best 20 Leaders by The International Association of Outsourcing Professional (IAOP), in four industry focus areas a) Government, b) Financial Services Insurance, c) Financial Services Banking, and d) Information and Communication in 2009 and 2010<ref>{{cite web|url=https://www.ndtv.com/business/stock/mastek-ltd_mastek/reports|title= Auditors Report od Mastek-NDTV|language=en}}</ref> Forbes Asia in 2006 ranked Mastek amongst the World’s 200 Best Small and Medium-sized Enterprises, all under Dollar 1 billion in revenues. For 8 years amongst Top 100 outsourcing companies in the World by The International Association of Outsourcing Professionals (IAOP) from 2006 to 2014<ref>{{cite web|url=https://www.livemint.com/Companies/ZTKhS3cSHFm4p1kUXj0KAN/12-Indian-outsouring-cos-among-top-global-100.html|title=12 Indian outsouring cos among top global 100| language = en}}</ref><ref>{{cite web|url=https://economictimes.indiatimes.com/tech/ites/20-indian-firms-among-worlds-top-100-in-outsourcing-report/articleshow/3004656.cms|title= 20 Indian firms among world's top 100 in outsourcing | language=en}}</ref> [[2018]] - European Software Testing Awards, Best Test Automation Project – Functional in partnership with Specsavers. - DevOps Industry Award, Best Overall DevOps Project - Public Sector IndigoBlue with the Metropolitan Police. - DevOps Industry Award, Manager of the Year - Brett Delle Grazie, IndigoBlue Consultant - NASSCOM, ‘Women In Technology’ hackathon top 3 winner. [[2017]] - UK IT Industry Awards, ‘Best Use of Cloud Services’ for the Home Office IPT programme. [[2016]] - European Software Testing Awards, ‘Best Agile Project’ for the Home Office IPT programme. [[2015]] - iCMG Enterprise & IT Architecture Excellence awards for HSCIC’s (NHS Digital) Identity and Access Management System platform. == References == {{reflist|30em}} [[Category:Companies based in Mumbai]] [[Category:Companies established in 1982]] [[Category:Information technology companies of India]] [[Category:Software companies of India]] [[Category:Companies listed on the Bombay Stock Exchange]] [[Category:Software companies based in Mumbai]] [[Category:Companies based in Maharashtra]] [[Category:1982 establishments in India]] [[Category:Technology companies established in 1982]]'