The Board of Directors of the Company in its meeting held on May 30, 2023, has considered and approved the appointment of Mr. Hiral Chandrana, as a Chief Executive Officer and Key Managerial Personnel of the Company with effect from May 31, 2023. Further, he shall continue to be the Global Chief Executive Officer of the Mastek Group Subsidiaries.
Mr.Hiral Chandrana is the Global CEO at Mastek Group, a trusted digital engineering and cloud transformation partner serving clients in more than 40 countries.
With a rich experience spanning 30 years across diverse sectors and expertise in IT Services, Hiral is at the helm of Mastek, responsible for the global P&L of the organization, which includes defining the strategic direction, executing the growth trajectory, improving returns for shareholders, enhancing employee experience, and ensuring the success of customers.
Mastek has won many awards under his direction, including:
- Distinctions as a Great Place To Work®, Best places to work for Women
- Inclusion in the Next 500-Fortune India's list for steadfast growth, and The Economic Times India's Growth Champions 2022
- Named in the Dow Jones Sustainability Index (DJSI), world renowned ESG index
- ISG recently recognized Mastek as one of the top booming 15 companies in the world
In 2022, Hiral was recognized as an Inspiring CEO at the 2nd edition of 'The Economic Times (ET) CEOs Conclave' with the theme 'Stalwarts in Excellence: Redefining the Future', a special Initiative by ET Edge.
Furthermore, he played a key role in expanding Mastek's portfolio with the acquisition of MST solutions, leader in Salesforce Customer 360 ecosystem in Americas, strategic investment in Volteo Edge (www.volteoedge.com) - an edge intelligence platform for customer & field service leveraging IoT/Data and automation of ServiceNow workflows, and partnership with Netail.ai (netail.ai), AI platform for Retail and Digital Commerce.
As global technology leader with focus on clients and people, Hiral has delivered significant value to Fortune 1000 clients in the US, UK/EU, ME, APAC. He has a track record of delivering IT Services and Digital Solutions in a variety of industries. Prior to joining Mastek, he worked at Wipro Limited for 14 years, where he played a key role in transforming the $3 billion Applications business into Digital & Cloud and partnering with top enterprise platform providers. Hiral is a trusted advisor to CXO's, with a passion for impact of innovative technologies in Health, Climate & Products.
Hiral has an engineering background and holds an MS and an MBA from the United States and has supplemented his education by participating in senior leadership programs at prestigious schools such as Wharton, Duke, and Berkeley.
Shares of Mastek Limited was last trading in BSE at Rs. 2000.35 as compared to the previous close of Rs. 2022.45. The total number of shares traded during the day was 7782 in over 922 trades.
The stock hit an intraday high of Rs. 2030.00 and intraday low of 1985.05. The net turnover during the day was Rs. 15665444.00.