History

History

1982 First generation entrepreneurs Ashank Desai, R. Sundar and Ketan Mehta established Mastek in Mumbai, India.
1982 Becomes one of the first IT / software companies in India.
1984 Sudhakar Ram joins the team.
1990 Singapore subsidiary is established.
1992 First company to develop ERP in India.
1992 First Indian IT company to issue shares at a premium price in the IT sector.
1992 Mastek UK is established.
1993 First Indian IT company to offer ESOPs (Employee Stock Option Plan).
1994 Malaysia subsidiary is established.
1997 One of the first to venture into CRM services globally.
2000 First IT Solutions company in the world to be assessed at P-CMM Level 3.
2000 Ranked 7th by AsiaMoney in the category of "Overall Best Managed Companies in the Asia Pacific Region".
2000 Among the first to be chosen by Microsoft for .NET beta.
2002 Chosen by Forbes as one of the "200 Fastest Growing Companies in Asia Pacific".
2002 Launches state-of-the-art campus at Millennium Park in Navi Mumbai.
2003 Successfully completes the world's largest .NET project – London Congestion Charge.
2005 Signs the memorandum of agreement to acquire 15.5 acres of land at Mahindra City in Chennai – Mastek's first development centre outside Maharashtra, India.
2005 Successfully certified on BS 7799:2002.
2006 Successfully certified on ISO 27001:2005.
2006 Consistently ranked among technology companies in a "CLSA Study on Corporate Governance" for four consecutive years from 2001-2004 among 25 emerging markets including Asia, Eastern Europe, Latin America and South Africa.
2007 Ranked first in Insurance Outsourcing by the Black Book of Outsourcing.
2007 Achieves CMMi Level 3 appraisal by Software Engineering Institute (SEI) - the 5th organisation from the NASSCOM Top 20 IT companies to get appraised under version 1.2.
2007 Ranked 11th among the leaders of "Global Outsourcing 100 Companies 2007" by the International Association of Outsourcing Professionals, published in Fortune magazine (April 2007) – Recognition for "Methodologies and Innovation" adopted by Mastek.
2008 Successfully certified on ISO 9001:2008.
2008  2009 Ranked among the Top 50 leaders of "Global Outsourcing 100 Companies" by the International Association of Outsourcing Professionals, published in Fortune magazine (2008, 2009).
2009 Ranked amongst the Top 50 global outsourcing providers in "The Black Book of Outsourcing" published by the Brown-Wilson Group.
2009 Recognised among the Best 20 Leaders by industry focus: Financial Services - Banking, Capital Markets and Insurance (2009 Global Outsourcing 100 by IAOP).
2010 Achieves CMMi Level 5 (version1.2) appraisal by Software Engineering Institute (SEI).
2013 Mastek achieves Level 5 (version 1.3 ) appraised by CMMI institute for ‘Product Implementation, Full Scope Projects Managed from India.