IT Services & Digital Transformation - Enterprise Software & Services
Strategic Profile
Mastek enables large-scale business change programmes through service offerings including application development, support, testing, BI & analytics, agile consulting, and digital commerce. The company partners with industry leaders such as Oracle, Salesforce, Microsoft, AWS, Snowflake, and Databricks while empowering 400+ active customers to transform their business. The newly launched ADOPT.AI suite, powered by 80+ AI Agent assets and 100+ use cases, accelerates outcomes across technology, business, and data dimensions.
Cyborg Score Rationale
Q3 revenue rose 4.2% YoY with EBITDA margin improved to 16.1% and order backlog growing 18.4%. Recently won a 5-year, £49m-£67m contract with the UK's Home Office involving biometric system upgrades. Management expects stronger growth in FY27 compared to FY26, driven by US market improvement with anticipation of sustainable growth in the US market starting next year.
Top Insights
AI Academy has trained 3,600+ professionals in GenAI and earned more than 6,500 across a spectrum of AI competencies including specializations in Oracle, Microsoft, AWS and Salesforce.
Mastek UK awarded EcoVadis Silver (Top 15% globally; Top 7% IT; Top 2% Environment) in February 2026.
Zensar Technologies plans to acquire 18-20% stake in Mastek for $200M, with total investment potentially increasing to $400M.
Company has a presence in over 40 countries and a skilled workforce of more than 5,000 employees.
Named Competitors
IT Services & Consulting — Larger Indian IT services conglomerate with broader geographic reach
Digital Transformation & Cloud Services — Largest Indian IT services company with extensive enterprise digital portfolio
Digital Engineering & Modernization — Mid-tier Indian IT services player (strategic investor in Mastek)
Cloud & AI Solutions — Global consulting and IT services leader with strong cloud/AI capabilities
Recent Developments
(March 2026) Awarded EcoVadis Silver certification for sustainability and environmental practices
(February 2026) Zensar Technologies planning $200M stake acquisition with potential for $400M total investment
(February 2026) Won 5-year UK Home Office contract worth £49m-£67m for biometric system management
(December 2025) Q3 FY26 results showed 4.2% YoY revenue growth with 18.4% order backlog increase
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