| The company expects the contract to be extended for an additional two years. The contract award has been formally published on the UK Government’s procurement platform, confirming Mastek’s appointment for Engineering and Development Work.
The FCA, which serves as the UK’s statutory regulator, is responsible for safeguarding market integrity and protecting consumers. The UK Government is currently undertaking a significant regulatory modernisation effort to strengthen consumer protections, improve market resilience, and future-proof oversight frameworks.
As a part of this initiative, the FCA is expanding its Digital Delivery Hub, a function dedicated to building modern, user-centered digital products and platforms. Under this partnership, Mastek will provide specialised digital engineering and service management expertise to scale and modernize processes.
Abhishek Singhh, president UKI & Europe, Mastek, said,” This engagement marks an important step in our UK growth journey as we contribute to the modernisation of institutions central to the country’s financial and regulatory infrastructure. Our disciplined execution and sensitive handling of compliance, confidentiality, and delivery integrity have reinforced Mastek’s role as a trusted digital partner to programmes of critical national importance.”
Mastek is an IT company providing enterprise digital and cloud transformation services to the Government/public sector, healthcare, life science, retail, and financial services sectors. The company’s service offerings include application development, Oracle suite and cloud migration, digital commerce, application support & maintenance, BI & analytics, assurance & testing and agile consulting.
The company’s consolidated net profit jumped 11.19% to Rs 108.35 crore despite 3.69% decline in net sales to Rs 905.68 crore in Q3 FY26 over Q2 FY26.
The scrip shed 0.76% to Rs 1462.50 on the BSE. |