Mastek Limited (NSE: MASTEK; BSE: 523704), a leading AI-first digital engineering and cloud transformation partner, is marking a significant milestone as it celebrates 30 years since its listing on the National Stock Exchange (NSE) of India. The company, which first listed on the Bombay Stock Exchange in 1993 and subsequently on the NSE in 1995, has evolved from an enterprise IT services provider to a global catalyst for AI-led transformation across 40+ countries.

Three Decades of Growth and Innovation

Mastek's journey over the past 30 years has been characterized by strategic shifts and consistent growth. A pivotal moment came in 2014 with the demerger of Majesco, its insurance platform arm. Since then, Mastek has expanded its capabilities through strategic acquisitions:

• TAISTech (digital commerce) in 2016
• Evosys (Oracle Cloud) in 2020
• MST Solutions (Salesforce) in 2022
• BizAnalytica (cloud data & analytics) in 2023

These integrations have transformed Mastek into a comprehensive transformation partner for Fortune 1000 enterprises, with a focus on data, cloud, and platform modernization.

Strong Financial Performance

Mastek's financial results reflect its robust growth trajectory:

The company's consistent financial performance, coupled with disciplined cost management and robust free cash flow, has positioned Mastek for sustainable, margin-accretive growth.

AI-Driven Innovation

At the heart of Mastek's transformation is its focus on AI-powered solutions. The company recently launched its ADOPT.AI suite, featuring:

• 80+ AI Agent assets
• 100+ use cases
• Three core dimensions: ADOPT.AI for Technology, Business, and Data

To support its AI initiatives, Mastek has established an AI Engineering Center of Excellence (CoE) and an AI Academy. The academy has already trained over 3,600 professionals in GenAI and awarded more than 6,500 certifications across various AI competencies.

Looking Ahead

As Mastek celebrates this milestone, CEO Umang Nahata emphasized the company's vision for an AI-powered future. "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," Nahata stated.

Mastek's future strategy remains focused on AI-first innovation, client-centric growth, expansion into key global markets, and deeper investments in ESG and inclusion initiatives. With a workforce of over 5,000 professionals and a presence in more than 40 countries, Mastek is well-positioned to continue its role as a global catalyst for digital transformation in the years to come.

As Mastek commemorates three decades on the NSE, it stands as a testament to the growth and innovation potential of India's IT sector, having evolved from fueling India's enterprise tech ambitions to becoming a global leader in AI-led digital transformation.

Mastek Limited (NSE: MASTEK; BSE: 523704), a leading AI-first digital engineering and cloud transformation partner, has announced its certification as a Great Place to Work® in five countries: India, UK, USA, KSA, and UAE. This recognition highlights the company's commitment to fostering a positive work environment and employee satisfaction on a global scale.

Impressive Survey Results

In the recent Great Place to Work (GPTW) survey, Mastek achieved a remarkable overall score of 76.00%, significantly outperforming regional averages. For context, typical GPTW ratings in the U.S. average 57.00%, while the Global Employee Engagement Benchmark reports regional averages of approximately 52.00% in Europe and 53.00% in the U.S. & Canada.

Key performance metrics from the survey include:

Global Recognition and Expansion

This year's certification holds particular significance as Mastek's UAE team celebrates its first GPTW recognition, marking a milestone in the company's expanding global journey. Mastek currently operates in over 40 countries with a workforce of close to 5,000 employees, serving more than 400 active customers across various sectors including Public Sector, Healthcare, Retail, Manufacturing, Higher Education, and Financial Services.

Leadership Perspective

Umang Nahata, CEO of Mastek, emphasized the importance of this achievement, stating, "At Mastek, we believe our people are the foundation of every success story. As global industry dynamics evolve with AI at the center of gravity, we are nurturing talent and empowering our teams through Mastek's AI Academy and with our AI powerhouse, ADOPT.AI, leading the way. This recognition reflects the harmony between our culture of integrity, dignity, and trust, and our technology vision that serves people, communities, and society."

Focus on Employee Well-being and Growth

Arvind J., CHRO at Mastek, highlighted the company's commitment to creating a culture of belongingness, stating, "We strive to create a workplace culture of belongingness, where every voice is heard, every contribution is valued, and well-being is prioritized. Our VECTOR values – Velocity, Empowerment, Collaboration, Trust, Ownership, and Respect – guide how we create growth-oriented careers and drive continuous upskilling and reskilling to align with our AI-led growth vision."

Conclusion

Mastek's achievement of the Great Place to Work certification across five countries underscores its dedication to creating a positive work environment that fosters employee satisfaction, growth, and innovation. As the company continues to expand its global footprint and embrace cutting-edge technologies like AI, this recognition serves as a testament to Mastek's commitment to its workforce and its position as a leading employer in the tech industry.