Mastek Celebrates 30 Years of its Listing on the National Stock Exchange
Team Mastek celebrating 30 years at NSE
Founded in 1982, Mastek has had a defining influence on India's IT sector. From its early roots in enterprise IT services, Mastek's exemplary journey has transcended boundaries, evolving into an AI-powered partner delivering mission-critical digital and cloud-native transformations. With AI-led innovation at its core, Mastek is shaping the future of digital transformation, tapping new opportunities, and delivering value through 5,000+ professionals to create purposeful, adaptive solutions.
A major strategic shift occurred with the demerger of Majesco in 2014, Mastek's insurance platform arm, which became an independent insurance technology company. Mastek then scaled its capabilities through strategic acquisitions: TAISTech (digital commerce, 2016), Evosys (Oracle Cloud, 2020), MST Solutions (Salesforce, 2022), and BizAnalytica (cloud data & analytics, 2023).
These integrations transformed Mastek into a comprehensive transformation partner for Fortune 1000 enterprises, underpinned by data, cloud, and platform modernization.
Mastek has maintained consistent growth. In Q4 FY25, the company posted revenue of Rs. 905.4 crore, a 16.1% YoY rise, with EBITDA at Rs. 138.8 crore. In Q1 FY26, net profit rose by nearly 29% YoY, while the stock gained 13%-signaling strong market trust. Robust free cash flow and disciplined cost management have positioned Mastek for sustainable, margin-accretive growth.
Mastek's newly launched ADOPT.AI suite, powered by 80+ AI Agent assets and 100+ use cases, accelerates outcomes across three core dimensions: ADOPT.AI for Technology, ADOPT.AI for Business, and ADOPT.AI for Data, guiding clients through seamless AI adoption from incubation to enterprise maturity. Mastek advances its AI vision through its AI Engineering Center of Excellence (CoE) and AI Academy, which has trained 3,600+ professionals in GenAI and earned more than 6,500 across a spectrum of AI competencies including advanced specializations in platforms like Oracle, Microsoft, AWS and Salesforce. These initiatives aim to build an AI-ready workforce and develop AI-enabled applications for industry-specific use cases.
Project Deep Blue, Mastek's flagship buildathon, bridges academia and industry by empowering young students with creative problem-solving skills, mentorship, and real-world experience to deliver solutions that are technically solid, socially relevant, and market-ready.
'As we celebrate three decades as a listed company, we draw strength from Mastek's legacy of trust, innovation, and growth. Our vision is anchored in an AI-powered future, creating transformative solutions that are sustainable and responsible. With initiatives like ADOPT.AI, we are shaping intelligent enterprises, empowering our global workforce, and delivering purposeful outcomes with trust, value, and velocity,' said Umang Nahata, CEO, Mastek.
Mastek's future remains purpose-driven-focused on AI-first innovation, client-centric growth, expansion into key global markets, and deeper investments in ESG and inclusion initiatives.
About Mastek
Mastek is a global provider of enterprise AI, digital, and cloud services, enabling clients to achieve measurable and sustainable returns on their technology investments. The company has a presence in over 40 countries and a skilled workforce of more than 5,000 employees. Mastek partners with industry leaders such as Oracle, Salesforce, Microsoft, AWS, Snowflake, and Databricks, serving key sectors such as Public Sector, Healthcare, Retail, Manufacturing, Higher Education, and Financial Services. Mastek is committed to driving innovation by developing strong ecosystem of start-ups, academia and IPs. With its core values of trust, value, and velocity, the company empowers 400+ active customers to transform their business in the evolving tech landscape. Mastek has always been a solutions-focused and a relationship-centric company, valuing both employees and clients. With its humane approach, Mastek fosters growth through sustainable goals, high ethical standards, and responsible governance.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
21 minutes ago
- Business Standard
Govt plans to ease petrol pump licensing norms amid energy security push
The government is considering further easing the norms for setting up petrol pumps in the world's fastest-growing fuel market, in light of the evolving energy security paradigm and commitment to decarbonisation, according to an official order. The government had in 2019 relaxed the norms for setting up petrol pumps, opening the door for non-oil companies to enter the fuel retailing business. At that time, companies with a net worth of Rs 250 crore were permitted to sell petrol and diesel, provided they committed to setting up infrastructure for at least one new-generation alternative fuel, such as CNG, LNG, biofuels, or EV charging, within three years of beginning their operations. For companies wanting to sell petrol and diesel to retail and bulk consumers, the networth criteria was set at Rs 500 crore. The Ministry of Petroleum and Natural Gas has now constituted an expert committee to review the 2019 guidelines for granting authorisation to market transportation fuels. The expert committee will "assess the effectiveness of the framework envisaged in Resolution dated November 8, 2019, in ensuring energy security and market efficiency; align the policy framework with national commitment towards decarbonisation, electrical mobility and promotion of alternative fuel; and address issues in implementation of existing guidelines," the order said. The committee is headed by Sukhmal Jain, former director (marketing) of Bharat Petroleum Corporation Ltd (BPCL). Other members of the four-member committee are Petroleum Planning and Analysis Cell (PPAC) Director General P Manoj Kumar, FIPI member PS Ravi and Arun Kumar, Director (Marketing) in the ministry. An August 6 notice of the ministry sought stakeholder/general public comments/suggestions on the matter within 14 days. Prior to the 2019 change, to obtain a fuel retailing license in India, a company had to invest or commit to invest Rs 2,000 crore in either hydrocarbon exploration and production, refining, pipelines or liquefied natural gas (LNG) terminals. This norm was relaxed in 2019. That year, the government allowed any entity with a net worth of Rs 250 crore to get a licence to retail petrol and diesel to either bulk or retail consumers. For those seeking authorisation for both retail and bulk, the minimum networth was set at Rs 500 crore at the time of application. For retail authorisation, the entities are required to set up at least 100 retail outlets. Also, retailers are required to establish 5 per cent of the total outlets in rural areas within five years. Global energy giants have been eyeing the Indian fuel market for a long time. French energy giant TotalEnergies, in partnership with Adani Group, had in November 2018 applied for a licence to retail petrol and diesel through 1,500 outlets. BP too has formed a partnership with Reliance Industries to set up petrol pumps. While oil trader Trafigura's downstream arm, Puma Energy, had applied for a license, Saudi Arabia's Aramco has been in talks to enter the sector. State-owned oil marketing companies Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) currently own most of the 97,804 petrol pumps in the country. Reliance Industries, Nayara Energy (formerly Essar Oil), and Royal Dutch Shell are the private players in the market, but with limited presence. The joint venture of Reliance, which operates the world's largest oil refining complex, and BP has 1,991 outlets. Nayara has 6,763 pumps, while Shell has just 355. Currently, IOC is the market leader with 40,666 petrol pumps in the country, followed by BPCL with 23,959 outlets, and HPL with 23,901 fuel stations.
&w=3840&q=100)
Business Standard
21 minutes ago
- Business Standard
FPIs pull nearly ₹18,000 crore from equities in August amid trade tensions
Foreign investors have pulled out nearly ₹18,000 crore from Indian equities so far this month, weighed down by escalating US-India trade tensions, disappointing first-quarter corporate earnings, and a weakening Indian rupee. With this, the total outflow by Foreign Portfolio Investors (FPIs) in equities has reached ₹1.13 trillion so far in 2025, according to data from the depositories. Going forward, FPI sentiment is expected to remain "fragile and in risk-off mode," with tariffs and trade negotiations emerging as key factors to watch out for in the coming week, according to Vaqarjaved Khan, CFA, Senior Fundamental Analyst at Angel One. The data showed that FPIs withdrew a net sum of ₹17,924 crore from equities in this month (till August 8). Foreign investors had pulled out ₹17,741 crore on a net basis in July. Before that, FPIs invested Rs 38,673 crore in the preceding three months from March to June. The latest outflows were primarily due to escalating US-India trade tensions, disappointing first-quarter corporate earnings and a weakening Indian rupee, Himanshu Srivastava, Associate Director - Manager Research, Morningstar Investment Research India, said. From August 1, the US imposed a 25 per cent tariff on Indian goods and increased these tariffs by an additional 25 per cent during the current week. This spooked the markets and FPIs, leading to a massive sell-off in Indian equities, Angel One's Khan said. Along with tariffs, rising US Treasury yields also led to foreign money moving towards treasuries, he added. On the other hand, FPIs invested Rs 3,432 crore in the debt general limit and put in Rs 58 crore in the debt voluntary retention route during the period under review. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
&w=3840&q=100)
Business Standard
21 minutes ago
- Business Standard
Mcap of 6 top valued firms erodes by ₹1.36 trillion, Reliance hit hard
The combined market valuation of six of the top 10 valued firms eroded by ₹1,36,151.24 crore last week, with Reliance Industries taking the biggest hit, following a bearish trend in equities. Extending losing streak for the sixth consecutive week, the BSE benchmark dropped 742.12 points or 0.92 per cent, and the NSE Nifty declined 202.05 points or 0.82 per cent. From the top 10 pack, Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys and Hindustan Unilever faced erosion in their valuations while Tata Consultancy Services (TCS), State Bank of India, Life Insurance Corporation of India (LIC) and Bajaj Finance were the gainers. The mcap of ICICI Bank fell by ₹24,719.45 crore to ₹10,25,495.69 crore, and that of Infosys dropped by ₹19,504.31 crore to ₹5,91,423.02 crore. The valuation of Bharti Airtel declined by ₹15,053.55 crore to ₹10,59,850.32 crore, and that of Hindustan Unilever by ₹12,441.09 crore to ₹5,87,021.88 crore. However, the mcap of LIC jumped ₹17,678.37 crore to ₹5,77,187.67 crore. The valuation of TCS climbed ₹11,360.8 crore to ₹10,97,908.66 crore. State Bank of India added ₹9,784.46 crore, taking its valuation to ₹7,42,649.34 crore, and that of Bajaj Finance went up by ₹186.43 crore to ₹5,45,148.52 crore. Reliance Industries remained the most valued firm, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Hindustan Unilever, LIC and Bajaj Finance.
