The 5-year analysis of Mastek Ltd's performance infers:
We analysed the performance of Mastek Ltd share prices over the last 10 years. Here is what we found out:
Mastek incorporated in 1982, is engaged in providing software solutions and integration services. Mastek a leading IT solutions player with global operations in providing new technology and IP-led enterprise solutions to insurance, government and financial service organizations worldwide
Today, Mastek has grown to become a US $227 million Corporation.The company has partnered with various IT giants for delivering quality product and services namely Microsoft, Oracle and IBM are amongst
Today, Mastek has grown to become a US $227 million Corporation.The company has partnered with various IT giants for delivering quality product and services namely Microsoft, Oracle and IBM are amongst others.
The company has received ISO 9001 certification for quality management and has assessed at P-CMM Level 3 and SW-CMM Level 5.
Services- Under services the company is engaged in application development, application management outsourcing, system integration, system rationalisation and business frameworks.
Solutions- The company offers solutions that support various sector to deliver quality services. Mastek offers solutions to government, insurance and financial services.
Milestone & Awards
1982: Mastek was founded by 4 IIM graduates viz. Ketan Mehta, Ashank Desai and R Sundar are the founder members who are later joined by Sudhakar Ram in October 1984.
1985: The Company was amongst the first in India to create software products.
1989: One of the first to introduce Relational database management system (RDBMS) in India.
1990: The Company set up subsidiary in Singapore.
1992: Mastek USA was established.
The company was first to develop ERP in India.
Mastek became First Indian IT Company that got listed at premium price.
1993: Mastek was first IT Company to offer Employee Stock Option Plan (ESOP) in India.
1994: The Company set up subsidiary in Malaysia.
1996: Mastek UK is set up.
1997: The Company was among one of the first to foray into CRM services globally.
1999: The Company set up subsidiary in Germany.
2000: First IT Solutions Company in the world to be assessed at P-CMM Level 3.
2002: Company launched Campus at Millennium Park at New Bombay.
2003: One of the worlds largest Dot Net project London Congestion Charging goes live.
2005: Mastek signed the memorandum of agreement to acquire 15.5 acres of land at Mahindra City in Chennai.
Mastek groupâ€™s first development centre was set up outside Maharashtra, India.
The company set up its largest development centre outside Mumbai in Pune.
2007: The Company launched its first development centre outside Maharashtra in Chennai.
A new building was commissioned at Millennium Park campus at New Bombay.
Mastek is amongst the first to ride the third wave of Indian IT.
Mastek Acquires Kognitio Data Migration Offering.Mastek - Mastek acquires the assets of SEG Software, LLC.Achieves CMMi Level 5 (version1.2) appraisal by Software Engineering Institute (SEI).Mastek's Elixir Distribution Management (EDM) solution rated 'Positive' in Gartner's Incentive Compensation Management (ICM) Marketscope report.Earned prestigious standing in the vendor ranking of the Vanguards in Insurance Practices (VIP) program by INN and Celent - determined solely by voting from insurance carriers, brokers and agents in 2009 and 2010.Ranked amongst the Best 20 Leaders by The International Association of Outsourcing Professional (IAOP), industry focus Government in 2009 and 2010.Ranked amongst the Best 20 Leaders by The International Association of Outsourcing Professional (IAOP), industry focus Financial Services- Insurance in 2009 and 2010.Ranked amongst the Best 20 Leaders by The International Association of Outsourcing Professional (IAOP), industry focus Financial Service â€“ Banking, Capital Markets in 2009 and 2010.Ranked amongst the Best 20 Leaders by The International Association of Outsourcing Professional (IAOP), Services offered â€“ Information and Communication in 2009 and 2010.
Mastek wins contract worth Rs. 59 crore.Consistently ranked high on the list of Top 100 outsourcing companies in the World by The International Association of Outsourcing Professionals (IAOP) in 2006, 2007, 2008, 2009, 2010 and 2011.Mastek UK Project Manager Vishal Somal became one of the first candidates to receive the APMG & DSDM qualification in Agile Project ManagementApollo Munich Health Insurance won Celent Model Insurer Asia 2011 Award for the solution developed by Mastek.Our customer, Commercial Tax Department, Government of Odisha, won the jury award for 'The Best Project under the Government to Business (G2B) Category' at the eWorld Forum for our e-Services solution.Mastek and its client, Department of Social Justice & Special Assistance, Government of Maharashtra, won the jury award for 'Best ICT in Financial Inclusion Initiative of the year' at the eIndia Awards for the e-Scholarship solution developed by Mastek.Mastek and its client, Maharashtra Housing and Area Development Authority (MHADA), Government of Maharashtra, won the jury award for 'Best Urban ICT Initiative of The Year' award at the eIndia Awards for the Integrated Housing Lottery Management System (IHLMS) solution developed by Mastek.Mastek's 'Claims Surveyor' solution won IDC's FIIA Award for Innovation in Mobility.
2012: MajescoMastek wins two Celent XCelent Awards for STG Billing.
2013:Mastek achieves Level 5 (version 1.3 ) appraised by CMMI institute for â€˜Product Implementation, Full Scope Projects Managed from India.Mastekâ€™s Elixir Distribution Management(EDM) solution received the Celentâ€™s XCelent Service Award, 2013Mastek is ranked 67th in the Leader category in the â€˜The 2013 Global Outsourcing 100Â® service providersâ€™ list by The International Association of Outsourcing Professional (IOAP)