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MASTEK Keeping Up The Pace

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DQI Bureau
New Update

s. Now, its US presence will help it in a listing there.

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PERFORMANCE HIGHLIGHTS

  • Exports grew by 84%, domestic segment by 27%
  • Productivity per person put at Rs 31.3 lakh
  • Services contributed 96% of revenue, US brought in 63%.
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The company earned a revenue of Rs 247

crore in the last fiscal as compared to Rs 134 crore in the previous year. At Rs

241 crore, software exports contributed a whopping 98% of Mastek’s total

revenue, a growth of 84% as compared to Rs 130 crore in the previous year. Also,

it increased its sales on the domestic front by 27%, garnering Rs 6 crore out of

it.

Services contributed 96% of the

revenue. Hospitality, entertainment, healthcare, insurance, media and

transportation were the sectors that together made up for around 40%. Mastek has

been a strong player on the telecom

front too, which contributed around 30% of the revenue, while banking and

finance contributed around 15%.

The company has been able to do well in

the US markets. It bagged 63% of its software exports revenue from this region.

It is among the few players to have ventured into CRM solutions, having

a track record of over 100 projects in this area. Front-end solutions such as e-CRM,

CRM and internet currently contribute over 40% of Mastek’s turnover. Mastek

also announced the setting up of an internet competency center with an

investment of $1 million. As part of its quality

initiative, the company achieved the SEI-CMM Level 4 while growing at a CAGR of

60%.

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With corporate governance practices in place by

inducting external members into the board and having a multinational executive

board, Mastek is all set to take on the global markets. The company, which

already adheres to the US generally accepted accounting principles (GAAP), has

also decided to tap the US bourses. It has also decided to evolve a new model of

linking valuation to knowledge. And the strategy for moving up the value chain

is to follow a center-subsidiary business model leveraging on Mastek’s global

presence, local management and proximity to the customer.

Fact Sheet

START-UP YEAR: 1982 PRODUCTS AND SERVICES: Software

Consultancy, Turnkey Projects EMPLOYEES: 788 BRANCH OFFICES: 15 ADDRESS: Unit

No. 106, SDF IV, SEEPZ, Andheri (E), Mumbai - 400 096 TEL: 829 0635  FAX:

829 0557 WEBSITE: www.mastek.com

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