Mastek Bags EUR 85 Million (USD 110 Million+) UK Home Office ATLAS Engineering Deal; Share Price Jumps Over 3% on Thursday
The company has a market cap of Rs 4,993.02 crore. The stock price has declined by 30.56 per cent in the last 1 year.
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On Thursday, shares of Mastek Ltd jumped 3.28 per cent to Rs 1,611.10 per share from its previous closing of Rs 1,560 per share. The stock’s 52-week high is Rs 2,818 per share and its 52-week low is Rs 1,545 per share. The stock surged 6.41 per cent to its Intraday high of Rs 1,660 from the previous close of Rs 1,560.
As of 14:36:03 IST, the stock was trading at Rs 1,611.10 on the NSE.
Mumbai-headquartered Mastek Ltd has secured a major engineering framework contract worth approximately £85 million (USD 110 million+) from the UK Home Office to support and scale the flagship ATLAS platform under the Migration & Borders Technology Portfolio.
Scaling the ATLAS Platform
The ATLAS platform serves as the core digital system for the UK’s migration and borders policy. It manages critical services including visa and study routes, asylum casework, border force operations, and immigration enforcement.
Under the agreement, Mastek Ltd’s wholly owned subsidiary, Mastek (UK) Ltd, will deploy specialist engineering teams to support, maintain, and enhance the platform. The focus will be on ensuring that ATLAS’s common components are scalable, resilient, and highly available.
The company will implement high-end engineering techniques to modernize the platform, deploy AI-driven engineering accelerators across human and automated casework, and introduce fraud reduction mechanisms along with enhanced automation to strengthen security and compliance.
Strengthening UK Public Sector Presence
Mastek expects significant growth from this engagement as the Home Office plans to deliver increasingly complex migration policies through the ATLAS system over the coming years. The contract further strengthens the company’s long-standing partnership with the UK public sector.
Mr. Abhishek Singhh, President UKI & Europe at Mastek, said the milestone deepens the partnership with the Home Office and reflects sustained confidence in the company’s advanced engineering capabilities. He added that embedding automation, AI, and platform modernization will enable secure and resilient services at a national scale.
About the Company
Mastek Ltd is a global provider of enterprise AI, digital, and cloud services, operating with a “Lead with AI” approach. The company has a workforce of nearly 5,000 employees across more than 40 countries and partners with global technology leaders such as Oracle, Microsoft, AWS, and Salesforce. It serves over 400 active customers across sectors including healthcare, retail, and financial services, with a focus on ethical and humane AI adoption.
The company has a market cap of Rs 4,993.02 crore. The stock price has declined 30.56 per cent in the last 1 year.
Disclaimer: The article is for informational purposes only and not investment advice.