Mastek Profile
Key Indicators
- Authorised Capital ₹ 40.00 Cr
- Paid Up Capital ₹ 15.43 Cr
- Company Age 42 Year, 9 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 335.54 Cr
- Satisfied Charges ₹ 225.39 Cr
- Revenue Growth 17.11%
- Profit Growth 71.37%
- Ebitda 39.21%
- Net Worth 23.42%
- Total Assets 16.81%
About Mastek
Mastek Limited (ML) is a leading Public Limited Indian Non-Government Company incorporated in India on 14 May 1982 and has a history of 42 years and nine months. Its registered office is in Ahmedabad, Gujarat, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 523704 and on the National Stock Exchange(NSE) under MASTEK.
The Corporate was formerly known as Management And Software Technology Private Limited. The Company is engaged in the Information Technology Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 40.00 Cr and a paid-up capital of Rs 15.43 Cr.
The company currently has active open charges totaling ₹335.54 Cr. The company has closed loans amounting to ₹225.39 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Mastek Limited India are Dinesh Kalani as Company Secretary, Arun Agarwal as Cfo, and Hiral Chandrana as Ceo. Ashank Desai, Rajeev Grover, Ketan Mehta, and Three other members serve as directors at the Company.
Company Details
- Location
Ahmedabad, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
Industry
What products or services does Mastek Limited offer?
Mastek Limited offers a wide range of products and services, including Software Development & IT Consultant, Integration Support Service.
Who are the key members and board of directors at Mastek?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Dinesh Kalani  | Company Secretary | 01-Sep-2015 | Current |
| Arun Agarwal | CFO | 31-May-2021 | Current |
| Hiral Chandrana | CEO | 31-May-2023 | Current |
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Umang Nahata | Director | 19-Jul-2023 | Current |
| Suresh Vaswani | Director | 11-Dec-2022 | Current |
| Rajeev Grover | Director | 28-Jan-2020 | Current |
| Ashank Desai | Director | 06-Jun-1982 | Current |
Ketan Mehta  | Director | 14-May-1982 | Current |
| Marilyn Jones | Director | 05-Sep-2023 | Current |
Financial Performance of Mastek.
Mastek Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 17.11% increase. The company also saw a substantial improvement in profitability, with a 71.37% increase in profit. The company's net worth Soared by an impressive increase of 23.42%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Mastek?
In 2022, Mastek had a promoter holding of 37.31% and a public holding of 62.71%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Vodafone Idea LimitedSuresh Vaswani is a mutual person
Paniit Alumni Reach For India FoundationAshank Desai is a mutual person
National Association Of Software And Service CompaniesAshank Desai is a mutual person
- Indian Federation Against Software Theft
Ashank Desai is a mutual person
Exempserv Professional Services Private LimitedRajeev Grover is a mutual person
Evolutionary Systems Private LimitedUmang Nahata is a mutual person
Charges (Loans)
₹335.54 Cr
₹225.39 Cr
Charges Breakdown by Lending Institutions
- Citi Bank N.A. : 283.90 Cr
- Others : 40.00 Cr
- Standard Chartered Bank : 6.00 Cr
- Hdfc Bank Limited : 5.64 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 02 Jan 2024 | Hdfc Bank Limited | ₹1.52 M | Open |
| 27 Dec 2023 | Hdfc Bank Limited | ₹1.13 M | Open |
| 27 Dec 2023 | Hdfc Bank Limited | ₹3.36 M | Open |
| 18 Nov 2023 | Hdfc Bank Limited | ₹2.87 M | Open |
| 01 Nov 2023 | Hdfc Bank Limited | ₹1.49 M | Open |
How Many Employees Work at Mastek?
Mastek has a workforce of 1502 employees as of Mar 26, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Mastek, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Mastek's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
