Our Journey
1982
Incorporated on May 14 as Management and Software Technology Pvt Ltd
Founders: Ashank Desai, Ketan Mehta, R. Sundar; joined later by Sudhakar Ram
First project: Optimised production planning system for Vicks Vaporub
1992
Name changed to Mastek
Acquired Carter Cast Systems (the UK)
Listed on BSE and NSE
Founded the US subsidiary, Majesco
1995
ISO 9001 Certified
Supported Capita on London Congestion Charging project (went live 2003 – largest .NET project at the time)
2000
First IT company globally to be assessed at P‑CMM Level 3
2002
Mastek Foundation formed (CSR wing) with a mission of ‘Informed Giving, Responsible Receiving’
2003
Supported BT Global Services: Began work on the UK NHS Spine project (delivered 130+ projects over a decade)
2005
Majesco acquired Entegram LLC (Connecticut)
Certified: BS 7799:2002, ISO/IEC 27001:2013 (InfoSec)
2007
Majesco acquired Vector Insurance Services (Life & Annuity solutions – North America)
2008
Majesco acquired Systems Task Group (P&C insurance solutions – North America)
2009
Majesco entered Canadian market
2010
Majesco acquired SEG Software (Policy administration for insurance)
2013
Certified: OHSAS 18000 (Occupational Health & Safety), ISO 14001 (Environmental Management)
2014
Demerger: Majesco demerged from Mastek, consolidating international insurance business under the new brand, ‘Majesco’
2015
Launched Project Deep Blue to foster tech solutions for social challenges
Acquired IndigoBlue (UK‑based Agile consultancy)
2016
Acquired TAISTech (US‑based digital commerce firm)
Opened UK office in Reading
2017
ISO 20000 Certification (IT Service Management)
Vision2020 results: 46% Y‑o‑Y revenue growth, >30% headcount growth,
>80% shareholder return
2018
ISO 9001 Certification (Quality Management)
Won multiple awards: European Software Testing (Best Test Automation), DevOps (Best Overall Project – Public Sector & Manager of the Year)
2019
Reappraised at CMMI Level 5 (V2.0 Dev)
Certified as a Market Leader by Course Conductor for Agile Training
IT Vendor of the Year – UK IT Industry Awards
Cyber Essentials PLUS certification (UK)
2020
acquired Evosys to strengthen digital transformation capabilities
2021
Included in Forbes Asia’s ‘Best Under A Billion’
Inc. 5000 Fastest‑Growing Companies in the US (4x)
Evosys recognised 3x in Gartner Magic Quadrant for Oracle Cloud Services
2022
CMO Asia Award: Best Brand Integration Growth Story
Acquired MST Solutions (Salesforce Ecosystem)
Only IT company in Fortune India ‘Next 500’ list
Major Contender: Everest Digital Interactive Experience PEAK Matrix
Economic Times Growth Champions
Listed among Best Places to Work for Women
2023
Acquired BizAnalytica to enhance Data Cloud and Generative AI capabilities
Recognised in ISG’s Booming 15 – the Americas
Product Challenger in ISG IPL Oracle Ecosystem 2022 (Implementation & Managed Services, North America)
Mastek is Great Place to Work Certified
2024
Mastek is Great Place to Work Certified
Mastek named a ‘Leader’ in the Everest Group’s Digital Transformation Services for Mid‑market Enterprises PEAK Matrix® Assessment 2024
Mastek Named a Top 15 Sourcing Standout in the ISG IndexTM 3Q 2024 – Global, the Americas and EMEA
Mastek Honored with Prestigious Award at the 19th Annual 2024 Globee® Awards for Technology
Mastek recognised as an ‘Industry Mover’ in the S&P Global Sustainability Yearbook 2025


