Established in 1982, Mastek is a vertically-focused enterprise technology solutions provider with almost four decades of experience in the IT industry. Mastek has evolved from an IT solutions provider to a Digital Transformation partner, specializing in enterprise digital & cloud transformation by engineering excellence for customers across 40 countries. Headquartered in Mumbai, Maharashtra, India, Mastek serves industries such as healthcare and life sciences, retail & consumer, manufacturing, financial services, and the public sector. The company helps enterprises de-complex digital initiatives and deliver business outcomes with trust, value, and velocity across services including digital experience & engineering, cloud implementations, data, automation & AI, and cloud managed services.
Mastek offers a comprehensive portfolio of business and technology services, including:
- Application Development and Maintenance
- Business Intelligence and Data Warehousing
- Testing and Assurance
- Legacy Modernization
- Digital and Application Engineering
- Oracle Cloud and Enterprise Apps
- Digital Commerce and Experience
- Data, Automation, and Artificial Intelligence (AI)
The company's GenAI enabled portfolio, iConniX, features over 120 AI assets, 4 AI platforms, and industry-specific solution blueprints. In June 2024, Mastek launched its ADOPT.AI suite to accelerate enterprise AI adoption through strategic partnerships and workforce certification.
Mastek is a preferred partner for industry leaders including Oracle, Salesforce, Microsoft, AWS, Snowflake, and Databricks. With over 6,000 employees, Mastek delivers right-fit solutions to both medium businesses and global Fortune 1000 clients across key sectors like the public sector, healthcare, retail, manufacturing, higher education, and financial services.
The company operates offshore software development centers in India and maintains a business presence across North America, Europe, the Middle East, and Asia-Pacific, with its operational segments including the United Kingdom, North America, and AMEA.
- Market Capitalization: ₹7,957 Crore (down -10.1% in 1 year) as of March 2025.
- EPS (12 months): $1.44
- Promoter Holding: 35.97% as of March 2025 (decreased from 36.25% as of June 2024).
- Consolidated Net Profit: Increased by 25.18% to ₹375.93 Crore.
- Consolidated Revenue: Increased by 13.10% to ₹3,455.23 Crore over FY24.
- Operating Revenue (TTM): ₹3,455.23 Crore.
- Annual Revenue Growth: 13%
- Pre-tax Margin: 13% (healthy)
- ROE: 15% (good)
- Consolidated Net Profit: Declined by 11.94% to ₹81.07 Crore.
- Revenue from Operations: Increased by 16.12% to ₹905.42 Crore over Q4 FY24.
- Revenue in dollars: $104.6 million (up 1.7% QoQ, 11.6% YoY).
- Revenue in constant currency: Up 2.9% QoQ and 12.3% YoY.
- Operating EBITDA: ₹138.8 Crore (down 1.4% QoQ, up 10.9% YoY).
- Operating EBITDA Margin: Reduced to 15.3% (compared to 16.2% in Q3 FY25 and 16.0% in Q4 FY24).
- 12-Month Order Backlog: ₹2,290.9 Crore ($264.5 million) as of March 31, 2025 (up 5.6% in Rupee terms YoY).
- New Clients Added (Q4 FY25): 11
- Total Active Clients (Q4 FY25): 348 (compared to 351 in Q3 FY25).
- Total Cash, Cash Equivalents, and Mutual Funds: ₹622.2 Crore as of March 31, 2025 (up from ₹497 Crore as of December 31, 2024).
- Total Employees (as of March 31, 2025): 5,058 (3,456 offshore in India, rest onsite).
- Employee count as of December 31, 2024: 5,260.
- Last Twelve Months Attrition (Q4FY25): 19.3% (down from 20.1% in Q3 FY25).
- CFO Resignation: Raghavendra Jha resigned as CFO, effective July 11, 2025, citing personal reasons. The company will initiate the search for a replacement.
- ESOP Allotment: 6,420 equity shares were allotted under ESOP on May 27, 2025, increasing the paid-up equity share capital to 3,09,46,314 equity shares of ₹5 each, aggregating to ₹15,47,31,570.
- Partnership with Zulekha Healthcare Group: Mastek shares gained 6% following the announcement of a strategic partnership to implement Oracle Fusion Cloud solutions, aimed at enhancing healthcare operations.
Mastek continues to strengthen its market position through strategic partnerships and innovative AI-driven solutions, positioning itself as a trusted digital transformation partner for enterprises across multiple industries and geographies.
