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Latest news about Mastek

Mastek Appoints Deepak Kedia as New Chief Financial Officer 8 days ago

Mastek Limited has appointed Deepak Kedia as its new Chief Financial Officer and Key Managerial Personnel, effective November 11, 2025. Kedia brings over two decades of international finance leadership experience, having worked with global enterprises like Motorola Solutions, Hewlett-Packard, and NTT Ltd. He is a Chartered Accountant, CPA (Australia), and has executive education in Sustainable Finance from the University of Cambridge. Kedia's expertise includes P&L management, M&A, investor relations, and digital finance transformation. In his role, he will be responsible for disclosures to Stock Exchanges and determining the materiality of events or information.

Mastek Clinches Best Enterprise-Wide AI Transformation Award at ET Making AI Work Awards 2025 Nov 04, 2025

Mastek Partners with KarbonWise to Boost AI-Driven Sustainability Solutions Oct 31, 2025

Mastek Reports Strong Q2 FY26 Performance with AI-Led Growth Strategy Oct 17, 2025

Mastek Limited Reports Q2 FY2026 Revenue Growth Amid Profit Decline Oct 16, 2025

More news about Mastek

29Sept 25

Mastek Revolutionizes Harmony Australasia's HR with AI-Powered Oracle HCM Cloud

Mastek has successfully implemented an AI-driven Oracle HCM Cloud system for Harmony Australasia, a mining company in Australia and Papua New Guinea. The 56-week transformation created a unified HR platform covering five legal entities and two business units. The system includes real-time workforce visibility, reduced manual intervention, standardized compliance management, and faster HR query responses. The implementation was done in phases, culminating in a single go-live event. Key outcomes include unified HR data, increased efficiency, improved decision-making, enhanced workforce mobility, better employee engagement, and improved user experience through AI and Redwood's UX/UI capabilities.

24Sept 25

Mastek Announces Leadership Transition in HR Department

Mastek Limited has announced the resignation of Arvind Jonnalagadda as Global Chief Human Resources Officer, effective October 16, 2025. Vimal Dangri, currently serving as General Counsel and Chief Risk Officer, will take on the additional role of Chief Human Resources Officer from September 24, 2025. Dangri brings over 24 years of experience in legal, risk, compliance, and corporate governance.

18Sept 25

Grant Thornton UK LLP Exits as Auditor of Mastek's UK Subsidiary Following Tender Process

Mastek Limited announced that Grant Thornton UK LLP has resigned as the statutory auditor for its material subsidiary, Mastek (UK) Limited, effective September 17, 2025. The resignation follows an audit tender process where Grant Thornton was not reappointed. The auditing firm confirmed no concerning matters related to their departure. Grant Thornton's most recent audit was for the fiscal year ending March 31, 2024. Mastek has disclosed this information to the BSE and NSE in compliance with SEBI regulations. The company assured that all required disclosures have been made and there is no unpublished price-sensitive information following a BSE query about increased trading volume.

16Sept 25

Mastek Clinches 'Voice of the Customer Honor' at Everest Group Elevate 2025

Mastek Limited has been awarded the 'Voice of the Customer Honor – Value Excellence' at the Everest Group Elevate Honors™ 2025. The recognition is based on feedback from over 400 customers, placing Mastek in the top percentile for customer service excellence, client management, ease of doing business, and proactive engagement. Mastek's global presence spans 40+ countries with nearly 5,000 employees serving over 400 active customers across various sectors. The company boasts a workforce of over 3,500 AI-trained professionals and strategic partnerships with industry leaders like Oracle, AWS, Microsoft, Snowflake, and Salesforce.

15Sept 25

Hi5 Youth Foundation to Acquire 1.62% Stake in Mastek Limited Through Gift from Promoter

Hi5 Youth Foundation is set to acquire a 1.62% stake (500,000 equity shares) in Mastek Limited as a gift from promoter Mr. Sundar Radhakrishnan. The transaction, scheduled for September 19, 2025, will make Hi5 Youth Foundation a new member of Mastek's promoter group. Mr. Radhakrishnan's holding will decrease from 4.22% to 2.60%, while total promoter group shareholding remains at 35.79%. The transfer is exempt from open offer requirements under SEBI regulations.

05Sept 25

Mastek UK Secures Spot on NHS London's Digital Transformation Framework

Mastek UK, a subsidiary of Mastek Limited, has been appointed as a supplier on the Digital Technical Clinical Support (DTCS) Framework Agreement by NHS London Procurement Partnership. The four-year framework aims to accelerate procurement of clinical digital solutions. Under Lot 1, Mastek will provide cloud hosting, environment build, and ongoing operations and maintenance services. This appointment strengthens Mastek's role in supporting the UK public sector and healthcare ecosystem.

31Jul 25

Mastek Celebrates 30 Years on NSE, Reports Strong Growth and AI-Driven Transformation

Mastek Limited marks 30 years since its NSE listing, evolving from an IT services provider to a global AI-first digital transformation partner. The company has expanded through strategic acquisitions, launched ADOPT.AI suite, and established an AI Engineering CoE. Mastek's Q4 FY25 revenue reached ₹905.40 crore, up 16.10% YoY. CEO Umang Nahata emphasized the company's focus on AI-powered solutions and sustainable growth. With over 5,000 professionals across 40+ countries, Mastek continues to drive innovation in the global IT sector.

29Jul 25

Mastek Achieves Great Place to Work Certification Across Five Countries, Showcasing Strong Employee Satisfaction

Mastek Limited has been certified as a Great Place to Work in India, UK, USA, KSA, and UAE, with an overall score of 76.00% in the GPTW survey. The company outperformed regional averages, with 85% of employees believing management promotes inclusive behavior. Mastek operates in over 40 countries with nearly 5,000 employees, serving more than 400 customers across various sectors. The certification highlights Mastek's commitment to fostering a positive work environment, employee satisfaction, and its focus on AI-led growth and innovation.

25Jul 25

Mastek Reports 13.2% Revenue Growth in Q1, Driven by Strong UK Performance

Mastek Limited reported robust Q1 results with total income growing 13.2% YoY to INR 915.00 crores. Net profit surged 28.7% YoY, and operating EBITDA margins stood at 15%. UK & Europe business grew 27% YoY, driven by healthcare, government services, and enterprise sectors. US market faced challenges with flat YoY performance. Order backlog increased to $274.00 million. The company is investing in AI capabilities and expanding leadership in the US market.

21Jul 25

Mastek Shares Surge 13% Following Strong Quarterly Profit Growth

Mastek's shares rose 13.08% to Rs 2,755.00 on BSE following impressive quarterly results. Net profit increased 28.7% year-on-year to Rs 92.00 crore, and operating EBITDA grew 10.8%. The UK market, contributing 64% of revenue, showed 9.6% sequential growth. Order wins increased by 2.5% quarterly and 8.3% year-over-year. The company maintains a strong financial position with Rs 549.00 crore cash balance.

18Jul 25

Mastek Reports 29% Profit Growth and 12.5% Revenue Increase in Q1 Results

Mastek Limited announced impressive Q1 financial results, with revenue from operations rising 12.5% to Rs. 914.70 crore and consolidated net profit increasing 28.7% to Rs. 92.00 crore year-over-year. EBITDA grew by 10.8% to Rs. 137.30 crore, while the operating margin remained stable at 15.1%. The UK & Europe operations continued to be the largest contributor to revenue and profitability. The Board approved the re-appointment of Mr. Suresh Vaswani as an Independent Director for a second three-year term.

19Jun 25

Mastek Unveils 'Adopt.AI' to Accelerate Business AI Integration

Mastek has introduced 'Adopt.AI', a comprehensive AI solutions package designed to help businesses integrate AI technologies more effectively. The package aims to address challenges in implementing AI at scale, offering scalable solutions, innovation acceleration, customizable integration, and expert support. This launch positions Mastek as a key player in AI transformation services and provides businesses with an opportunity to streamline their AI adoption process.

17Jun 25

Mastek Secures NHS England Contract for Cybersecurity Training

Mastek has been awarded a contract by NHS England to provide cybersecurity training for Board members and Senior Information Risk Owners (SIROs). The training aims to enhance the cybersecurity infrastructure of the National Health Service in England, focusing on protecting sensitive healthcare data and systems. This contract highlights the growing importance of cybersecurity in healthcare and positions Mastek as a key player in strengthening digital security for one of the world's largest healthcare systems.

16Jun 25

Mastek Secures NHS England Cybersecurity Training Contract

Mastek has been awarded a contract by NHS England to deliver cybersecurity training for board members and Senior Information Risk Officers (SIROs). The training aims to enhance cybersecurity knowledge, improve practices, and address challenges specific to healthcare institutions. This initiative demonstrates NHS England's proactive approach to strengthening its cybersecurity posture, with a focus on creating a top-down approach to security within the organization.

26May 25

Mastek Boosts Air Niugini's Digital Transformation with Oracle Cloud Solutions

Mastek has successfully implemented Oracle Cloud Enterprise Resource Planning (ERP) and Enterprise Performance Management (EPM) solutions for Air Niugini, Papua New Guinea's national airline. This implementation aims to enhance operational efficiency and customer experience, optimizing resource management, financial planning, and analysis. The project demonstrates Mastek's expertise in complex cloud deployments and its growing presence in the Asia-Pacific region, potentially setting a precedent for aviation industry modernization.

08May 25

Mastek Forges Strategic Partnership with Zulekha Healthcare Group for Cloud-Based Digital Transformation

Mastek has announced a partnership with Zulekha Healthcare Group to implement Oracle Fusion Cloud technology, aiming to revolutionize Zulekha's healthcare operations. This collaboration will leverage advanced cloud technology to enhance and streamline healthcare delivery and management systems. The implementation of Oracle Fusion Cloud is expected to improve operational efficiency and patient care quality at Zulekha. This partnership highlights Mastek's growing influence in the healthcare technology sector and could lead to similar collaborations in the future.

21Apr 25

Mastek Ltd Reports Mixed Q4 Results with Revenue Growth and Profit Decline

Mastek Ltd announced Q4 financial results with revenue growth but declining profits. Revenue increased to ₹900.00 crore, up 15.38% year-over-year and 3.45% quarter-over-quarter. However, net profit fell to ₹81.00 crore, down 14.19% year-over-year and 14.47% quarter-over-quarter. The results suggest potential challenges in maintaining profit margins despite successful revenue growth.

19Apr 25

Mastek Reports Mixed Q4 Results: Revenue Up, Profit Down; Announces Dividend

Mastek Limited announced its Q4FY25 financial results, showing a 4.1% QoQ and 16.1% YoY increase in revenue to ₹905.40 crore. However, EBIT decreased by 3.2% QoQ to ₹120.00 crore, with EBIT margin dropping to 13.26%. Net profit declined by 14.4% QoQ and 14.1% YoY to ₹81.10 crore. The Board recommended a final dividend of ₹16.00 per share, bringing the total FY25 dividend to ₹23.00 per share (460%).

06Mar 25

Mastek Ltd Secures Position on UK's Digital Health Framework, Boosting Healthcare Transformation

Mastek Ltd has been named a supplier on the UK Crown Commercial Service's RM6345 Digital Capability for Health 2 (DCfH 2) framework. This three-year agreement, with a possible one-year extension, allows Mastek to offer digital transformation services to Health and Social Care organizations. The company will provide five key services: DevOps, digital definition, build and transition, end-to-end development, and data management services. This inclusion aligns with the UK Government's NHS digitization plans and strengthens Mastek's position in the UK healthcare sector.

06Mar 25

Mastek Secures Spot on UK's Digital Health Framework, Boosting Healthcare Transformation

Mastek Limited has been named a supplier on the UK Crown Commercial Service's Digital Capability for Health 2 (DCfH 2) Framework. This three-year agreement, with a possible one-year extension, allows Mastek to offer services including DevOps, Digital Definition, Build and Transition, End-to-End Development, and Data Management to support digital transformation in the UK's health and social care sector. The framework aligns with the UK Government's plans for NHS modernization, enabling Mastek to contribute to enhancing patient care and promoting social well-being through digital advancements.

28Feb 25

SEBI Issues Administrative Warning to Mastek's Compliance Officer Over UPSI Identification

Mastek Limited has received an administrative warning letter from SEBI regarding the improper identification of Unpublished Price Sensitive Information (UPSI). The warning relates to a disclosure about the acquisition of a US-based entity by Mastek's step-down subsidiary, which SEBI believes should have been classified as UPSI. The company states there is no financial or operational impact from this warning.

27Feb 25

Mastek Secures $85 Million in UK Public Service Contracts, Boosting Its GovTech Presence

Mastek Limited has won multiple contracts worth $85 million over two years from the UK Public Service Department. These contracts extend and expand Mastek's existing collaborations, focusing on transforming the department's Digital, Data, and Technology services. Mastek will support essential services, including case management, data integration, and citizen services on AWS cloud infrastructure, while adhering to UK government compliance standards.

26Feb 25

Mastek Secures $85 Million in Contracts from UK Public Service Department

Mastek Limited has won multiple contracts worth $85 million from a UK public service department, spanning two years. The contracts involve digital transformation, data-driven services, and cloud infrastructure management. Mastek will support the department's Digital, Data, and Technology services transformation, focusing on case management, data integration, and secure AWS cloud infrastructure. The company emphasizes its commitment to compliance, security, and delivering citizen-centric critical services.