Trusted and Turnkey Digital Engineering and Cloud Transformation Partner

At Mastek, we decomplex digital for all our stakeholders with trust, value, and velocity. As a Trusted Turnkey Digital Engineering & Cloud Transformation Partner, we deliver business solutions & outcomes for our clients, powered by digital and cloud services with our industry-first approach. We equip organisations to navigate the digital landscape securely, by unlocking the power of data, modernising applications and accelerating cloud transformation for customers.

Key Facts

$293 mn

Operating revenue


Technology certifications


Revenues come from
existing clients


Active clients


Employees globally

1 mn+

People using Mastek’s
technology services

Note: All figures are as on/ for the year ended March 31, 2022

Vice Chairman & Managing Director’s Message

Innovating to Thrive in an Ever-changing World

Despite facing huge challenges in the year gone by, your company sharpened focus on creating value for business, by continuing to build a company that is increasingly agile, resilient, and future-ready. Believing technology to be a key enabler of global growth, we are leveraging our digital capabilities to create sustainable solutions for customers, catalyse societal growth and fight climate action.

Ashank Desai Vice Chairman & Managing Director

Global CEO’s Message

Driving Digital Engineering & Cloud Transformation at Scale

Our differentiated digital and cloud service offerings span 40 countries, with an industry- first focus. Trust, Value and Velocity underpins our ethos to enable success for our clients & employees and create meaningful societal impact.

Hiral Chandrana Global CEO

Service Offerings

Our services help deliver innovative digital solutions and business outcomes to all our clients.

Digital Application and
Cloud Engineering
Oracle Cloud and Enterprise Apps
Digital Commerce and Experience
Data, Automation and AI
Cloud Enhancement Services

Operational Highlights

Commendable Achievements Throughout the Year

This was a year of many firsts in the UK business. By repurposing our spend and investing in capacity strengthening, we re-engineered the business to handle accelerated growth. We also deepened our relationship with our existing public sector customers in the UK.


Built our consulting capability, using digital enablers

FY22 Highlights

As a reflection of our 100% customer advocacy, and strength of offerings, we secured 6 new UK Government logos this year

Future Priorities

Public sector - Expand wallet share with existing clients

There has been an overall improvement in sales in this region. We have also achieved a decent number of renewals in the public and commercial sectors.


Banking and telecom sectors have performed with 20+ go lives to boost our presence

FY22 Highlights

Significant wins in the banking sector, specifically focused on delivering customer experience and banking solution

Future Priorities

Expansion in digital commerce, digital services, application engineering

The US continues to be the largest technology market in the world, presenting huge growth opportunities for IT companies with solution capabilities. Over the last few years, there has been a meteoric rise in e-commerce across the world, post pandemic. The rising preference of consumers to shop online from the comfort of their homes, even for essentials, has propelled growth in the global digital commerce market.


Recognised by Gartner for our outstanding digital commerce services

FY22 Highlights

Expansions - We secured the first deal for our Canadian entity with a leading Healthcare service provider

Future Priorities

Focus on larger deal sizes and Cloud Enhancement services (CES)

Trust, Value and Velocity

Trust Trusted Partner for Delivering Seamless Customer Satisfaction
Value Collaborating to Uphold Shared Value Creation
Velocity Fast-tracking Solutions for Enriched Experiences
Business Model Creating Sustainable Value Utilising our Core Strengths

We operate in a competitive industry across multiple geographies. To thrive in this environment, our integrated business model is focused on creating value at every point and for every stakeholder.


Financial capital
We seek the support of investors and access to financial capital at effective terms, including equity
Our people represent our strongest competitive advantage. The focus is on attracting, nurturing, and inspiring teams to apply their expertise to serve our diverse clients, within the boundaries of our risk appetite and compliance requirements.
Relationships and partnerships
We rely on strong, long-term relationships with business partners and the continued support of our customers
Technology and platforms
Our business operations and digital products and services require resilient platforms and technology that is continuously advancing
Natural resources
We source raw materials responsibly and use them as efficiently as possible


As a technology-enabled transformation partner, we help our clients achieve innovation and sustainable competitiveness, by deploying relevant technologies and business expertise. We deliver solutions in:

Who we create value for

Help them at every step with simple and secure digital solutions to grow their businesses
Relentless endeavour to make Mastek a great place to work by harnessing a nurturing culture across teams and locations
Enhancing business value, achieving successful and progressive growth, and consistent cash flow generation
Improving the quality of lives; leadership committed to social and environmental sustainability

Value created

27% YoY
Sales growth
Profit margin
Earnings per share
Customer advocacy rate
Employee engagement score
Direct and indirect CSR beneficiaries (India)
Emissions prevented

*As per internal MES survey

#Equivalent CO2e in MT


Framework for
Delivering Objectives

At Mastek, we have charted out a clear roadmap for delivering attractive long-term shareholder returns. Our unwavering focus on customers’ needs and aspirations, ability to innovate with new-age technologies and re-organise ourselves through Mastek 4.0, will further drive growth and profitability and create sustainable value.

Our collective vision and goals for FY26:

USD 1 billion – be at USD 1 billion by the 2nd half of the decade
Top 3 in growth among mid-cap IT services
Best – Benchmark for best places to work and customer delight

ESG Update

Sustainable Efforts to Leave a Positive Mark

Through our adoption of global best practices and strong governance that champions our principled approach to sustainability, we are augmenting long-term value creation for all our stakeholders. We have integrated ESG into our business strategy and we deepen our commitment through each decision that we take to positively impact our stakeholders.

Awards and Recognitions

Since our inception, our work has garnered acclaim on
various fronts and continue to do so, even today.


Economic times India’s
growth champions 2022


Top 10 fastest growing organisations in the UK


Recognised by Gartner for Mastek’s Digital Commerce capabilities


Inclusion in Forbes Asia Best under a
billion 2021 list

Gartner Magic Quadrant

2021 Magic Quadrant for Oracle Cloud Applications Services, Worldwide report. This is the third consecutive year the global research and advisory firm has recognised us for our Oracle Cloud Application Services, Worldwide

European Software Testing Awards

Finalist in two European Software Testing Awards categories

Testing Team Management of the Year and Testing Team of the Year

Everest group

Major contender- Digital Interactive experience peak matrix assessment 2022


Best organisation to work for Women

World HRD Congress

Best Employer Brand Award 2021