Network 18

It gives us great pleasure to inform you that our CMD, Mr Sudhakar Ram, has bagged the CNBC Asia's India Business Leader of the Year award. Mr Ram received the award at the CNBC TV18 India Business Leader Awards ceremony held in Mumbai recently. Mr Ram has been instrumental in identifying the "Third Wave" opportunity for the Indian IT industry and in leveraging Mastek's strength as an IT solutions company. More than two years ago, Mr Ram headed to the USA to grow the company's US operations, as a result of which the unit grew by 40% within a year. He also led the repositioning of Mastek, focusing on a few chosen verticals like insurance and government. His focus has paid great dividends, with more than 70% of the company's business coming from these domains. Speaking on the occasion Mr Ram said: "It is truly a privilege and an honour to be a recipient of such a coveted award. This is also a testament to the hard work and dedicated effort put in by my team at Mastek who have made India proud by delivering solutions that impact not only individual companies but cities and countries as well. I also take this opportunity to thank all of Mastek's partners and customers who have contributed toward this achievement. Recognition like this award further strengthens our resolve to build Mastek as a leader of 'Wave-3 IT Companies' from India." The CNBC TV18 awards define and celebrate vision, the spirit of achievement and excellence in business leadership.