Celebratory commemoration of Mastek's three decade remembrance on the National Stock Exchange
Mastek, a pioneering name in India's IT sector, was established in 1982. Over the last three decades, the company has undergone a remarkable transformation, evolving from an enterprise IT services provider to an AI-first digital engineering and cloud transformation partner.
In 1993, Mastek made its initial listing on the Bombay Stock Exchange, and in 1995, it joined the National Stock Exchange of India. A significant corporate restructuring occurred in 2014 when Mastek demerged its insurance platform arm, Majesco. Since then, the company has aggressively expanded its AI, cloud, and data capabilities through strategic acquisitions.
One of the earliest acquisitions was TAISTech (digital commerce) in 2016, followed by Evosys (Oracle Cloud) in 2020, MST Solutions (Salesforce) in 2022, and BizAnalytica (cloud data and analytics) in 2023. These acquisitions have enabled Mastek to position itself as a comprehensive transformation partner for Fortune 1000 enterprises.
Mastek partners with industry leaders such as Oracle, Salesforce, Microsoft, AWS, Snowflake, and Databricks, serving key sectors like Public Sector, Healthcare, Retail, Manufacturing, Higher Education, and Financial Services.
The company's focus on an AI-powered future is evident in its flagship buildathon, Project Deep Blue, which bridges academia and industry to empower young students with creative problem-solving skills, mentorship, and real-world experience. Mastek's AI Engineering Center of Excellence (CoE) and AI Academy have trained over 3,600 professionals in GenAI and earned more than 6,500 across a spectrum of AI competencies.
Mastek's commitment to driving innovation is evident in its ADOPT.AI suite, a tool powered by 80+ AI Agent assets and 100+ use cases. ADOPT.AI suite accelerates outcomes across three core dimensions: ADOPT.AI for Technology, ADOPT.AI for Business, and ADOPT.AI for Data.
The impact of these moves is reflected in Mastek’s strong financial performance. In Q4 FY25, the company posted revenue of Rs. 905.4 crore, a 16.1% year-over-year increase, with EBITDA at Rs. 138.8 crore. This growth is underpinned by robust free cash flow and disciplined cost management, positioning Mastek for sustainable, margin-accretive growth.
Mastek values both employees and clients, fostering growth through sustainable goals, high ethical standards, and responsible governance. The company now employs over 5,000 professionals across more than 40 countries.
Under the leadership of Umang Nahata, CEO of Mastek, the company is committed to AI-first innovation, client-centric growth, expansion into key global markets, and deeper investments in ESG and inclusion initiatives. Mastek is a global provider of enterprise AI, digital, and cloud services, with a presence in over 40 countries.
In Q1 FY26, Mastek's net profit rose by nearly 29% YoY, and the stock gained 13%, indicating strong market trust. Mastek's future strategy includes cementing its position as an AI-first digital services enterprise by driving innovation, expanding globally, and investing in ESG and inclusion initiatives.
[1] Source: Mastek Annual Report 2022-23 and Press Releases.
- Mastek, a pioneer in India's IT sector, has expanded its AI, cloud, and data capabilities through strategic acquisitions, such as TAISTech, Evosys, MST Solutions, and BizAnalytica.
- Mastek partners with industry leaders like Oracle, Salesforce, Microsoft, AWS, Snowflake, and Databricks, serving sectors like Public Sector, Healthcare, Retail, Manufacturing, Higher Education, and Financial Services.
- The company's focus on an AI-powered future is evident in Project Deep Blue, a buildathon bridging academia and industry to equip students with creative problem-solving skills.
- Mastek's ADOPT.AI suite, a tool powered by 80+ AI Agent assets and 100+ use cases, accelerates outcomes across technology, business, and data.
- In Q1 FY26, Mastek's net profit rose by nearly 29% YoY, and the stock gained 13%, demonstrating strong market trust in the company's future strategy.
