This AI Technology Service Provider Secures Multi-Year, Multi-Million Dollar Contracts from the UK Public Service Department
The company has a market cap of Rs 7,442 crore with a PE of 19.8x, and the industry PE is trading at 31.9x, showing discounted valuations.
Mastek a trusted digital engineering and cloud transformation partner, today announced that it has secured multiple contracts with an estimated value of USD 85 million from a UK public service department, spread over a period of 2 years. The contracts are an extension and expansion of the ongoing collaborations that support the transformation of the department’s Digital, Data, and Technology services, aligned to its strategic priorities.
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Mastek has a strong track record of driving digital transformations and delivering data-driven impact to citizens in the UK public service domain. With deep expertise in GovTech, Mastek enables government departments with greater autonomy, efficiency, and resilience. Through continued investment in the UK’s Critical National Important Services, Mastek plays a vital role in supporting essential services, including case management, data integration and management, in citizen services on secure AWS cloud infrastructure.
Mastek is committed to upholding the compliance standards and regulatory frameworks set by the UK government, ensuring confidentiality and integrity in critical public service programmes.
Abhishek Singh, President of UKI & Europe, Mastek, said, “At Mastek, we are dedicated to providing secure and high-impact digital solutions that empower our customers to be self-resilient and future-ready. As a trusted technology partner, we remain committed to supporting citizen-centric critical services that align with evolving national priorities.”
About the Company
Mastek is a global provider of enterprise AI, digital, and cloud services, enabling clients to achieve measurable and sustainable returns on their technology investments. The company has a presence in over 40 countries and a skilled workforce of more than 5,000 employees. Mastek partners with industry leaders such as Oracle, Salesforce, Microsoft, AWS, Snowflake, and Databricks, serving key sectors such as Public Sector, Healthcare, Retail, Manufacturing, Higher Education, and Financial Services. Mastek is committed to driving innovation by developing strong ecosystem of start-ups, academia and IPs. With its core values of trust, value, and velocity, the company empowers 400+ active customers to transform their business in the evolving tech landscape. Mastek has always been a solutions-focused and a relationship-centric company, valuing both employees and clients. With its humane approach, Mastek fosters growth through sustainable goals, high ethical standards, and responsible governance.
The company has a market cap of Rs 7,442 crore with a PE of 19.8x, and the industry PE is trading at 31.9x, showing discounted valuations. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.