Mastek Founder & Chairman Ashank Desai Honored With The Gold Stevie® Award In 2024 The International Business Awards®

Mastek (NSE: MASTEK; BSE: 523704), a leading digital engineering and cloud transformation partner, is proud to announce that its Founder & Chairman, Ashank Desai, has been honored with The Gold Stevie® Award for Lifetime Achievement at The 21st Annual International Business Awards®. This prestigious accolade recognizes Ashank Desai as a visionary leader, philanthropist, entrepreneur, and a stalwart in the IT industry.

Ashank Desai is a key architect of India's IT success story, widely celebrated for his entrepreneurial spirit, dedication to nurturing future leaders, and commitment to societal impact. A distinguished alumnus of the Indian Institute of Technology, Bombay, and the Indian Institute of Management, Ahmedabad, his academic excellence has been foundational to his leadership. Ashank Desai co-founded Mastek Ltd. in 1982, driven by a passion for transforming lives through technology. Under his guidance, Mastek has grown into a global leader, generating USD 370M in revenue, employing 6,000 professionals, and serving 400 customers across 40 countries.

Ashank Desai's remarkable journey in the IT industry has been marked by significant achievements and contributions. In 2015, Ashank was felicitated by the Prime minister of India, Narendra Modi, for his contribution to NASSCOM (globally famous Indian IT Industry Association which he co-founded and chaired) and the IT Industry over the last 25 years. Ashank contributed significantly to expanding the Ashank Desai Centre for Policy Studies at IIT, Bombay and established an Ashank Desai Leadership and OD Centre at IIM, Ahmedabad.

Ashank Desai's recognition extends beyond his contributions to the IT industry. He is also celebrated for his philanthropic efforts, particularly through the Avanshali Foundation, which he founded to develop leadership skills among underprivileged girls All in all, he has contributed to 10 NGOs as Founder, Donor and Board Member impacting 2 lac underprivileged persons in skill-building, education, and healthcare. Through his vision, he inspired Mastek employees to engage in societal causes by founding the Mastek Foundation. To foster entrepreneurship and inspire young students to think creatively, Mastek launched the "Project Deep Blue" hackathon. Now in its 9th season, this initiative challenges engineering students to address social issues through coding and develop meaningful technical solutions.

The Stevie Awards® are the world's premier business awards program. More than 3,600 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories.

"We've long considered The International Business Awards® to be the 'Olympics for the workplace,' and this year's competition is the best-ever proof of that," said Stevie Awards® president Maggie Miller. "The winners have demonstrated that their organizations have set and achieved lofty goals. We congratulate them on their recognized achievements and look forward to celebrating them on stage in Istanbul on 11 October."

The Stevie Award® winners were determined by the average scores of more than 300 executives worldwide who participated in the judging process in June and July. Winners will be celebrated during a gala banquet at the InterContinental Hotel in Istanbul, Türkiye, on Friday, 11 October.

Shares of Mastek Limited was last trading in BSE at Rs. 2769.70 as compared to the previous close of Rs. 2905.45. The total number of shares traded during the day was 1827671 in over 9492 trades.

The stock hit an intraday high of Rs. 2966.00 and intraday low of 2749.05. The net turnover during the day was Rs. 5063427775.00.

Source : Equity Bulls

Keywords

Mastek INE759A01021 Founder Chairman TheGoldStevieAward