MJCO - Majesco

NasdaqGS - NasdaqGS Real Time Price. Currency in USD


412 Mount Kemble Avenue
Suite 110C
Morristown, NJ 07960
United States

IndustrySoftware - Application
Full Time Employees2,682

Key Executives

NameTitlePayExercisedYear Born
Mr. Ketan Bansilal MehtaCo-Founder & Chairman316.44kN/A1958
Mr. Adam ElsterCEO & Director766.04kN/A1968
Mr. Manish D. ShahPres & Chief Product Officer776.25kN/A1971
Mr. James Jeffrey MillerChief Revenue Officer279.94kN/A1966
Mr. Wayne Edward Locke CPAChief Financial OfficerN/AN/A1963
Amounts are as of December 31, 2019 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.


Majesco provides cloud insurance software solutions for the business transformation of the insurance industry in the United States, Canada, Mexico, the United Kingdom, Malaysia, Singapore, Ireland, and India. It offers CloudInsurer, a cloud-based insurance platform that provides distribution management, data, and analytics solutions. The company also provides Digital1st, which offers cloud-native, digital engagement, and micro services platform-as-a-service for the insurance business; and an ecosystem of partners with apps that provide data sources and capabilities. Its cloud insurance software solutions enable property & casualty/general insurance (P&C); and life, annuities, pensions and group/voluntary benefits (L&A and Group) providers to optimize their businesses across the end-to-end insurance value chain; comply with policies, regulations, and new business models; enter into new markets; and launch new products and services for incumbents, green fields, and startups. The company offers its solutions in the areas of policy, rating, underwriting, billing, claims, distribution management, digital, data, and analytics for insurance carriers, mid-market insurers, managing general agents, startups, and green fields through an integrated sale and marketing platform and client partners. In addition, it provides insurance delivery and consulting services. The company was formerly known as MajescoMastek and changed its name to Majesco in October 2014. Majesco was founded in 1992 and is headquartered in Morristown, New Jersey. Majesco is a subsidiary of Majesco Limited.

Corporate Governance

Majesco’s ISS Governance QualityScore as of July 29, 2019 is 5. The pillar scores are Audit: 1; Board: 8; Shareholder Rights: 2; Compensation: 8.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.