Mastek

Mastek Limited
Public
Traded as BSE: 523704; NSE: MASTEK
Industry SoftwareInformation technology
Founded May 1982
Founders Sudhakar Ram, Ashank Desai, Ketan Mehta, R. Sundar
Headquarters Mumbai, India
Number of 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), Bob King (CEO Americas), 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 FY 2017-18)
Number of employees
 2000 +
Subsidiaries
  • Digility INC [www.digility.com]
  • Taistech [www.taistech.com ]
  • Indigoblue Consulting [www.indigoblue.co.uk ]
Website Official Website

Mastek Limited (BSE: 523704) is a multinational technology and service provider in India, the Mastek Group employs 2000+ professionals. It has a global headquarter in Mumbai, India with further offices spread across the United Kingdom and the United States, and an additional six global delivery centres in India.

History

Mastek (Management and Software Technologies) was founded in May 1982[1] by Ashank Desai, Ketan Mehta and R. Sundar.[2] They were later joined by Sudhakar Ram. Sudhakar held the role of Group CEO of the company until late 2016 when John Owen joined the business and took over as the Group CEO. Sudhakar now operates as the Vice Chairman and Managing Director of the Mastek Group.

Mastek USA was established in 1992. Mastek became the first 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.[3] 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) – Recognition for ‘Methodologies and Innovation’ adopted by Mastek. In 2008, Mastek Limited bought Systems Task Group (STG), 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.[4][5][6]

Mastek Ltd

In May 2015, Mastek acquired IndigoBlue Consulting.

In Jan 2017, Digility acquired TAISTech.

References

  1. ↑ "Mastek limited [MASTEKs] History". Source2update.com. Retrieved 2010-07-16.
  2. ↑ Mastek Quick Facts Archived 25 January 2008 at the Wayback Machine.
  3. ↑ "Mastek History". Retrieved 2014-09-12.
  4. ↑ "Company History — Mastek Ltd". The Economic Times. Retrieved 2014-09-12.
  5. ↑ "Mastek Acquires Kognitio Data Migration Offering". Money Control. Retrieved 2014-09-12.
  6. ↑ "Mastek Ltd. History". NDTV Profit. Retrieved 2014-09-12.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.