Mastek is mulling expansion in the European market. "We are scanning Europe to increase our presence in a considerable manner," Ashank Desai, founder and chairman of Mastek, said.Mastek is now present in the US, UK, Singapore, Malaysia, Germany and Japan. European business currently contributes more than 60% to its revenue."The company, which is currently implementing a national health service project in the UK, is moving up the value chain - both in terms of solutions and global ratings," Desai said, adding "our project orders are being expanded in size in view of our performance."The company is also taking special measures to retain its niche area in insurance. The company's focus on insurance right from the beginning is now paying off, Desai said."We will further strengthen our expertise in insurance, which forms a major chunk of our financial services vertical," he added.Mastek is also on a hiring spree. While its headcount was 2,700 at the beginning of the year, it now stands at over 3,000. "We are adding 400/500 people per year," Desai said.Mastek is setting up a 100-seat centre at Mahendra city in Chennai, and it recently opened a Rs 25 crore, 525-seater third facility in Pune. It is also augmenting headcount at its facility at Mhape in Navi Mumbai. (Press Trust of India)
