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Established in 1982, Mastek is a provider of vertically-focused enterprise technology solutions. Having its presence in IT industry for almost 4 decades, Mastek Ltd has evolved from an IT solutions provider to Digital transformation partner.
Mastek completed the sale of its commercial building in Chennai, generating Rs. 60 Cr. This asset disposal enhances liquidity and is not a related party transaction.
Mastek announced its 44th Annual General Meeting (AGM) will be held via video conferencing. The Annual Report for FY25-26 and AGM Notice are accessible online. Shareholders are encouraged to update their email addresses for easy access to company documents.
Mastek forged a Platinum Partnership with Innovaccer, a key move to accelerate AI-powered healthcare transformation. This strengthens Mastek's healthcare portfolio and global delivery, aiming to enhance care outcomes and drive cost efficiencies using AI and data expertise.
Mastek reported Q1FY27 revenue of Rs 985.3 Cr (+5% QoQ) and EBITDA of Rs 151.4 Cr (15.4% margin). Order backlog hit Rs 2,935.2 Cr (+25% YoY). AI-led deals drove 40+ new client wins, including a $25 million Salesforce deal in North America, signaling strong business momentum.
Mastek was recognized in "100 Years in Monarchy and Democracy" for its 30+ years of significant technology-led transformation contributions to the UK, particularly in the public sector. This strengthens its brand and market standing.