FAQs
Here you can find most frequently asked questions about Mastek, and answers to them. You are also encouraged to go through the Management Discussion & Analysis of global performance in the latest annual report for more information on Mastek's strategy, operations, and financials.
When was Mastek Ltd. incorporated? When did it have its IPO? Was there any follow on offering?
Mastek Ltd. was incorporated in the name of Management and Software Technology Private Limited on 14th May 1982. Mastek had its first public offering in December 1992 at a price of Rs. 70 (premium Rs. 60) followed by another public issue in 1996 at a price of Rs. 190 (premium of Rs. 180).
Which are the stock exchanges where Mastek shares are listed?
Mastek's shares are listed in India on the The Stock Exchange, Mumbai (BSE) and the National Stock Exchange (NSE).
What is the fiscal year for Mastek?
The fiscal year for Mastek worldwide is the period of 12 months starting 1st July every year.
Does Mastek announce quarterly results?
Yes, Mastek announces quarterly unaudited results. To access past results announcements, click here.
How does one access the annual report and quarterly results of Mastek?
What is the Mastek's core business?
Mastek is a high-end IT solutions player with global operations providing new technology and intellectual property-led enterprise solutions to insurance, government, and financial services organizations worldwide. Mastek's strengths are in architecting solutions for large, complex and mission critical business problems, and delivering these solutions with high levels of predictability. To learn more, click here.
Where are the subsidiaries of Mastek Limited located?
Mastek Limited has subsidiaries in the following countries:
MajescoMastek in the USA (formerly known as Majesco Software Inc.)
VectorMastek in the USA (formerly known as Vector Insurance Services Inc.)
Mastek (UK) Limited in the United Kingdom
Mastek Asia-Pacific Pte. Ltd. in Singapore
Mastek MSC Sdn. Bhd. in Malaysia
Mastek GmbH in Germany
How many software development centers does Mastek have?
Mastek has eight development centres out of which six are located in and around Mumbai, India and one each in Pune and Chennai, India. Mastek has also established a Mainframe Centre of Excellence in Chennai and owns about 15 acres of land in a SEZ near Chennai, where it has plans to develop a new campus which will employ around 5,000 employees when fully operational.
How many marketing offices does Mastek have?
Mastek has 10 marketing offices located across multiple geographies: 1 each at Theale and London in UK, Villingen in Germany, New Jersey in the US, in Singapore, Kuala Lumpur in Malaysia, Tokyo in Japan, Seoul in South Korea, Bangkok in Thailand, and a domestic marketing office in Mumbai.
What is the staff strength of Mastek and its subsidiaries?
As on June 30, 2009, there were 3,759 professionals employed with Mastek.
