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?
The annual report as well as quarterly results and analysis are all available in the Investors section of www.mastek.com, under Information Repository - Annual Reports and Quarterly Results.

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 the following subsidiaries located in respective countries:

• MajescoMastek in the USA
• MajescoMastek Canada Ltd in Canada
• Vector Insurance Services LLC in USA
• System Task Group International Ltd. in USA
• Mastek (UK) Limited in the United Kingdom
• Mastek Asia-Pacific Pte.Ltd in Singapore
• Mastek MSC Sdn Bhd in Malaysia
• Mastek MSC Thailand Co. Ltd in Thailand

In addition to the above subsidiaries, Mastek has a branch in UK.

How many software development centers does Mastek have?
Mastek has seven development centers out of which five are located in around Mumbai, India and one each in Pune and Chennai, India.

How many marketing offices does Mastek have?
Mastek has 10 Marketing offices located across multiple geographies: 2 in UK, Singapore, Malaysia, Bangkok in Thailand, 1 each in New York and New Jersey in the US, 1 in Canada and domestic marketing offices in Mumbai and New Delhi.

What is the staff strength of Mastek and its subsidiaries?
As on June 30, 2012, there were 3,083 professionals employed with Mastek.

Whom do I contact in Mastek's Investor Relations team?
You may get in touch with Mr. Bhagwant Bhargawe, Company Secretary. He is based at the corporate office in Mumbai and can be contacted via telephone (+91 22 6695-2222) or email (This email address is being protected from spambots. You need JavaScript enabled to view it. ). Alternatively, you may write to him at the following address:

Mastek Ltd.106,
SDF IV, SEEPZ, Andheri (E),
Mumbai-400 096, India

Is there a facility for investors to receive regular updates?
Investors can register on www.mastek.com in the Investors section, or send their request via email, to receive regular updates.

Are Mastek's shares traded in electronic form?
Since June 2000, the company's shares are traded only in electronic form. Shareholders are strongly encouraged to de-materialize their shares.

How can the shares be de-materialized and who are the Depository Participants (DP)?
Shares can be de-materialized by opening a demat account with a Depository Participant (DP). DPs are banks, brokers, and institutions registered with National Securities Depository (NSDL) or Central Depository Services (CDSL). A list of DPs is available at www.nsdl.com and www.centraldepository.com.

What is the dividend track record of Mastek Limited?
Mastek has been a consistent dividend-paying company, and has been rewarding its shareholders with dividend payouts every year as detailed in the table below.

Who is the share transfer agent?
SHAREPRO SERVICES are the Share Transfer Agents of Mastek Limited. The address and telephone number of Sharepro Services is as follows:

Satam Estate, 3rd Floor
Above Bank of Baroda, Cardinal Gracious Road,
Chakala, Andheri (East)
Mumbai-400 099.
Tel: +91 22 6772 0372

How does one transfer his/her shares or intimate change of address to the transfer agent?
For transfer of shares in physical form and intimation of change of address, write to Sharepro Services at the above-mentioned address. Transfer of shares in the electronic mode is effected through your depository participant.

Who does one contact in case of non-receipt of dividend, loss of share Certificates, etc.?
You may get in touch with Sharepro Services who will advise you accordingly.