Turnkey & Trusted DigitalEngineering and Cloud Transformation Provider, Mastek has delivered consistent growth last few years. As a part of their accelerated expansion strategy, Mastek recently formalized their Vision 2025 with strategic big bets for over next 3-4 years.
"Our Mission is to enable success for our clients, employees, and societies we live in. We do this by Decomplexing Digital with Trust, Value and Velocity. Our Approach is Industry focused and Value based delivering Business Outcomes for our clients. Our Vision 2025 strategy includes clear priorities in Growth Markets & Verticals, Digital & Cloud Services Offerings, Differentiated Talent & Delivery Model, Innovation & Non-Linear Platforms, M&A and Partnerships" announced Hiral Chandrana, Global CEO - Mastek Group.
The following updates were announced by Mastek in the recently concluded Investor Day last month (https://www.mastek.com/investor-day/). The company recently released their new Corporate Video that positions One Mastek brand as it builds on a strong heritage of 4 decades, YouTube link here. Mastek announced they are aligning their executive business leadersto future strategic priorities.
President & Global Chief Growth Officer - Raman Sapra
We are creating a new strategic & global role to focus on the build-partner-buy continuum that will enable transformative growth. Raman will take up this global role with a remit for the company's strategic charter that includes Service Line Capabilities & Solutioning, M&A, Partnerships & Advisor relationships, along with Integrated Deal Services across all service offerings.
President of Americas and AMEA - Umang Nahata
Umang who was the CEO of Evosys and built a successful Oracle Cloud business will be taking responsibilities for Americas & AMEA P&L across Mastek with an integrated team. Mastek is expecting to drive exponential growth in Americas both organically and inorganically in addition to mining top accounts and large deals across our Digital & Cloud services offerings.
President of UKI and Europe - Abhishek Singh
Abhishek who has been successfully driving growth of the digital services business in UK & EU will take on additional responsibilitiesfor overall UK, Ireland & Europe P&L including Oracle services. He will focus on scaling and integratingUK business both public &private sectorwhile setting a strong foundation to grow Digital and Oracle Services in the European (non-UK) region.
Global Chief Delivery Officer - Narasimha Murthy
Narasimha has successfully strengthened Mastek's delivery with best practices to scale globally. He will be responsible for deepening the focus on delivery transformation, customer delight, and technical recruitment while enhancing competency, program management and automaton tools. Narasimha's expanded role would include additional responsibilities for delivery of the Oracle services.
Earlier in the year, Prajakta Talvelkar and Ritwik Batabyal joined Mastek to lead Global Marketing & Global Innovation & Technology respectively. Othermembers of the executive team will continue in their roles. Additional leadership announcements include Yashodhar Bhinde to lead of Oracle services delivery reporting to Narasimha and Jon Corbett to lead US new business sales and expansion reporting to Umang.
Shares of Mastek Limited was last trading in BSE at Rs. 2378.25 as compared to the previous close of Rs. 2411.05. The total number of shares traded during the day was 8083 in over 1512 trades.
The stock hit an intraday high of Rs. 2453.40 and intraday low of 2347.00. The net turnover during the day was Rs. 19278309.00.