traded as bse 523704 ; nse mastek industry software founded may 1982 founders ram sudhakar ashank desai ketan mehta r. sundar headquarters mumbai india india number of locations india united kingdom united states malaysia key people sudhakar ram founder group ceo & md products insurance enterprise platforms elixir elixirasia stg vector . 1 broker back office picador . services information technology revenue 154 million in fy 2013 14 number of employees 3 300 website official website mastek limited bse 523704 is a multinational information technology services company headquartered in mumbai india . it is one of the oldest software companies in india . 2 it has four development centers in india . mastek has major presence in the united states canada the united kingdom europe asia pacific and middle east and also eight global delivery centres in india and malaysia . 3 mastek and its subsidiaries employ over 3 200 professionals . contents 1 history 2 see also 3 references 4 external links history edit mastek management and software technologies was founded in may 1982 4 by ashank desai ketan mehta and r. sundar . 5 they were later joined by the current managing director and group ceo of the company sudhakar ram . the company started operations in a two bedroom apartment in ghatkopar a central mumbai suburb which was also the home of ketan mehta . the company was among the first ones in india to create software products . mastek usa now known as majescomastek was established in 1992 . mastek became the first company to develop enterprise resource planning erp in india and also the first indian it company that got listed at premium price . mastek uk was established in 1992 and two years later in 1994 mastek set up its subsidiary in malaysia . 6 in 2007 it ranked 11th among the leaders of global outsourcing 100 companies by the international association of outsourcing professionals published in fortune magazine april 2007 recognition for methodologies and innovation adopted by mastek . in 2008 mastek limited bought systems task group stg an international provider of enterprise solutions for the property and casualty p & c insurance industry in an all cash consideration of 29 million rs . 116 crore . in 2010 mastek acquired kognitio data migration offering and also the assets of seg software llc . 7 8 9 mastek ltd in september 2014 mastek decided to split into two companies . majesco that will handle the insurance business and mastek that will take care of solutions business . 1 see also edit tech mahindra igate patni zensar mindtree melstar information technologies happiest minds technologies references edit mastek looks to buy insurance vertical in uk n america ites infotech the economic times . economictimes.indiatimes.com . 2010 06 07 . retrieved 2010 07 16 . mastek initiating coverage.pmd pdf . retrieved 2010 07 16 . mastek ltd . business.mapsofindia.com . retrieved 2010 07 16 . mastek limited masteks history . source2update.com . retrieved 2010 07 16 . mastek quick facts mastek history . retrieved 2014 09 12 . company history mastek ltd. . the economic times . retrieved 2014 09 12 . mastek acquires kognitio data migration offering . money control . retrieved 2014 09 12 . mastek ltd. history . ndtv profit . retrieved 2014 09 12 . external links edit official website mastek at alacrastore mastek at bloomberg retrieved from https en.wikipedia.org w index.php title mastek & oldid 740607144 categories companies based in mumbaicompanies established in 1982information technology companies of indiasoftware companies of indiacompanies listed on the bombay stock exchangesoftware companies based in mumbaicompanies based in maharashtra1982 establishments in indiahidden categories use dmy dates from september 2016use indian english from september 2016all wikipedia articles written in indian english navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 22 september 2016 at 03 45 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view