Is this smallcap IT stock a future TCS/Infosys pick?

What is the fuss?

Digital transformation, migration to cloud, extraction actionable insights from data, using A.I. to fuel growth -> These are the common phrases you will hear in the booming IT service sector. TCS, Infosys are the behemoths in this space. Given that IT is a multi decade growth story, are there potential smallcap picks who can grow to the size of TCS / Infosys in the next decade, generating disproportionate wealth for their investors?

This post uncovers the story of Mastek. This promising smallcap IT company is standing at a critical turn of events. Whether it will embark on a fast-track path to become an IT giant, or will remain a second choice IT provider, is yet to be seen. Lets get started with Mastek’s background, Q4 FY 23 result highlights, and then discuss its future growth levers and associated risks.

Mastek — The Company

Mastek was established in 1982 by a bunch of IIM graduates. Their vision was to deliver business design and software to companies. Fast forward, in 2023, even though none of the founders run the company now, the vision has stuck and matured with time. Mastek is a leader in providing Cloud services, Data Management and Insights, and Digital Commerce management. Mastek is one of the first movers in AI space, by…