Awards and Accolades Bestowed with Honours
Decomplex Innovation to Build a Sustainable Future
Through Mastek 4.0, we are not only transforming ourselves into self-managed, self-driven teams but are also aiming to streamline the traditional organisational structure through efficient and flexible technologies. Our innovative solutions help us establish long-term, trustworthy partnerships and drive tangible business outcomes tailored to specific industries, thereby creating sustainable value for all stakeholders. Our quest is to make ‘Decomplex Digital’ with Trust, Value, and Velocity for all our customers, and accelerate growth through accessible digital transformations.
Key Highlights of FY23
112
Added new clients across regions, verticals, and service offerings
17.4%
YoY revenue growth
INR 1,794 crores
Order backlog increased by 22.1%
Key Strategic Initiatives
Strategy to Boost
Our Innovation Efforts
Acquisition of MST: An Impetus to Growth in America
We are another step closer to fulfilling our plans for rapid expansions with MST Solutions joining the Mastek family. MST Solutions is a Salesforce Summit Level Consulting Partner with a focus on Healthcare, Manufacturing/Tech, and State and Local Government in the Americas. They have nearly 325 members across centres in Arizona, US, and offshore centres in Chennai and Tiruchirappalli in India.
Strategic Investment in VolteoEdge
Mastek made a strategic investment in VolteoEdge, a SaaS company with an enterprise-ready Edge
Intelligence Platform that enables secure IoT workflows and smarter business workflows. The investment demonstrates our commitment to harness
the benefits of Data, AI, and IoT technologies and empower customers in a Connected Economy.
Know More
Who We Are
Growing with Trust, Value, and Velocity
We are a trusted and turnkey Digital Engineering and Cloud Transformation partner delivering mission-critical projects for our global clients. Our differentiated talent and delivery model deliver customer delight through focused business outcomes.
Mastek gives priority to building an ecosystem of value creation through strategic alliances and growth partnerships. Clients trust us to deliver business value, whereas our employees trust us to deliver career value. Mastek is uniquely positioned to be the business solutions partner of choice, as we collaborate with our clients to decomplex digital.
Chairman's Message
Driving Digital Innovation.
With Trust. Value. Velocity.
With the Mastek 4.0 culture, we empower all Mastekeers to make the right business decisions to foster long-term relationships and help clients achieve their business goals.
Ashank Desai Chairman
CEO’s Message
Decomplex Innovation to Build a Sustainable Future
As a dedicated partner committed to building and sustaining critical systems that create lasting value, we bring our extensive domain expertise, innovative assets, and platform driven approach to serve our clients.
Hiral Chandrana CEO
Key Performance Indicators
Creating Consistent Value
- Profit and Loss Metrics
- Balance Sheet Metrics
- Operational Metrics
Profit and Loss Metrics
Operational metrics
Operational metrics
How We Operate
Leveraging Our Strengths to Create Sustainable Value
We function 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.
Megatrends
Data privacy and cyber security
Changing work dynamics
Generative AI
Technology
Sustainability
Our Resources & Assets
People
5,622 talented Mastekteers in over 40 countries
An average age of 33.6 years
Diverse workforce
Financial
A strong balance sheet, with a net equity of INR 1,774 crores
Healthy order backlog of INR 1,794.1 crores
Technology and Platforms
Recognised for Oracle and Salesforce implementation
Management of mission-critical projects
30+ delivery centres
Intellectual
Continuous investment in R&D
Strategic partnerships with technology and business leaders
Alliances with academics and startups under Launchpad and Project Deep Blue
Mastek brand value
Innovation lab as a Service
Architecture as a Service
IP 4.0
Social and Relationship
579 clients, of which 28 are Fortune 1000
83,012 CSR beneficiaries
Environment
Energy-efficient systems
Optimum utilisation of natural resources
Reduced consumption of paper, food waste and plastic
Adopting eco-friendly refrigerants for air-conditioning systems
Automating operations
Offerings & Solutions by Vertical
Our Offerings
- Digital and application engineering
- Oracle cloud and enterprise apps
- Digital commerce and experience
- Data, Automation and AI
- Cloud enhancement services
Industry Expertise
- Healthcare and Life Sciences
- Public Sector and Government
- Retail and Consumer
- Manufacturing, Engineering and Utilities
- Financial Services
Creating Value for Stakeholders
Clients
4.65/5 Average customer rating
5.05/7 Average customer satisfaction rating
400+ Oracle Cloud customers
63 Salesforce customer
40.1% Revenue from Top 10 clients
26% Revenues from managed services
People
INR 1,376 crores In wages and salaries, and benefits
645 Net new hires (incl MST acquisition)
29.5% Of women in our teams
25% Of women in executive leadership positions
27 hours Of training per employee
Shareholders
INR 2,563 crores Revenue (up 17.4% from FY22)
INR 95.5 EPS (Diluted)
INR 57.3 crores Returned to shareholders as dividends in FY23
17.8% Operating EBITDA margin
20.7% RoE
Society
83,158 Direct and indirect beneficiaries
INR 2.87 crores CSR expenditure
INR 117.1 crores Taxes paid
960 Volunteer hours
Our Strategic pillars
A Refined Roadmap for Scaling Capabilities
Massive untapped opportunity in the Americas
Continued growth in the UK Public Sector, select verticals in EU, and ME expansion
Differentiated talent and delivery model
Digital and cloud services with strategic partnerships particularly Oracle cloud and Salesforce
Mastek brand, M&A, and AI/Innovation-led, non-linear growth
Innovation
Pioneering New Frontiers
We focus on expanding our non-linear business model, primarily driven by innovation, venture capital, launchpad, patenting and architecture as a service model.
.
Know More
ESG Approach
Towards Long-term Sustainable Impact
Mastek is committed to delivering sustainable value for its business and stakeholders by actively engaging in ESG practices. Through our sustainability strategy, we aim to reduce our environmental footprint and promote the well-being and prosperity of individuals and the communities in which we operate.
Governance
Working with Integrity
At Mastek, we believe that strong corporate governance plays a pivotal role in augmenting trust and securing the long-term interests of our shareholders and other stakeholders. We continue to improve systems and processes that integrate ESG priorities into our overall business and ensure accountability to our Board of Directors and Senior Management.
Continuously enhancing our systems and processes through:
Strategic Supervision
Executive Management
Operational Management
People
Creating a Culture of Empowerment
We have an inclusive work environment that develops talent, recognises excellent performance and rewards it. As an organisation, we value diversity in our workforce. We firmly believe that a supportive and empowering workplace is crucial for us to effectively serve our stakeholders, including our Mastekeers, customers, shareholders, and the communities we operate in.
94,000+
Learning hours
3.58
Overall average training rating
95%
Grads deployed across all businesses
Community
Leading a Responsible Business
Engaging with social matters drives positive transformation. Mastek understands the significance of actively participating in the communities it belongs to. By doing so, we grow responsibly and foster the creation of shared value for everyone involved.
` 2.9 crore
CSR spent
83,012
Beneficiaries
16
No. of projects