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Pittsburgh-headquartered Mastech Digital, the parent of IGATE, is in expansion mode in India with a new 12,000 sq ft facility in Chennai and plans to hire over 250 employees, fuelled by demand for its IT staffing and Digital Transformation services.
The New York Stock Exchange-listed, minority-owned organisation, which has grown its revenue from $123.5 million in FY2015 to $148 million in FY 2017 (January–December) already has two offshore delivery centres in Noida and Chennai, which house nearly half of its headcount of 1,564 employees.
“With encouraging demand for our services, we are growing aggressively as a company and our hiring plans are in proportion to that growth. India will be an important base for our hiring in both our Noida and Chennai centres,” Vivek Gupta, CEO of Mastech Digital, told BusinessLine . “In fact, we are moving into a new 12,000 sq ft office in Chennai that can accommodate more than 250 employees and we continue to hire as per our plans in the US as well,” he said. The company has seen a 29 per cent increase in headcount over the past two years.
Known as a pure IT staffing company until 2016, Mastech re-branded itself as Mastech Digital after Gupta came on board as its CEO in March 2016. To make a beginning in the cloud business, the company set up a Salesforce practice. To get started on Analytics, an SAP HANA practice was set up. And along with a Digital Learning practice, it ventured into the Digital Transformation services business.
Digital skills
“Customers were already asking us for digital skills back in 2016, when about 18 per cent of our revenue was coming from digital technologies. In the quarter ended December 31, 38 per cent of our revenue was from digital technologies — SMACA (Social, Mobile, Analytics, Cloud & Automation), — which we decided to focus on, apart from our continued business in mainstream IT staffing,” said Gupta.
To accelerate the pace of its growth, the company acquired Infotrellis, an information management consulting and project services firm that focusses on master data management, data integration and Big Data in July 2017 in a $55-million deal.
“Infotrellis was our anchor investment and brought on board 30 blue chip customers like Lowes, JCPenney and Farmers Insurance. Today, we have over 240 customers, of which 95 per cent are from the US, and a few from Canada and other countries” he said.
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