Mastek Ltd

Mastek, a digital engineering and cloud solutions company, often flies under the radar but has strong government and healthcare clients, especially in the UK and US. Its acquisition of Evosys expanded its Oracle Cloud capabilities, making it a leader in cloud migration for government agencies. In FY24, Mastek saw decent revenue growth, and its order book crossed $250 million. What sets it apart is its presence in mission-critical public service projects, offering high client retention. Despite global IT slowdown fears, Mastek’s niche and sticky contracts give it a defensive angle among small-cap tech stocks.