Majesco engages in the provision of cloud insurance software solutions. It includes CloudInsurer solutions which offers cloud-based core insurance platforms, along with distribution management, and data and analytics solutions; and Digital1st solutions which covers a cloud-native, digital engagement and microservices platform-as-a-service for the entire insurance business, and an ecosystem of partners with apps that provide innovative data sources and capabilities. The firm also enables Property and Casualty or General Insurance (P&C); and Life, Annuities, Pensions and Group or Voluntary Benefits (L&A and Group) providers to modernize and optimize their businesses across the end-to-end insurance value chain. The company was founded by Ketan Bansilal Mehta and Sudhakar Venkatraman Ram in April 1992 and is headquartered in Morristown, NJ.
Company profile
Website
CEO
Adam Elster
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Microsoft • Oracle • Mobileye Global Inc - Ordinary Shares • Activision Blizzard • Gen Digital • Vmware • Adobe • Salesforce • BlackBerry • Dayforce ...
SEC CIK
Corporate docs
Subsidiaries
Majesco Canada Ltd. • Majesco Sdn. Bhd. • Majesco Asia Pacific Pte. Ltd. • Majesco Software and Solutions Inc. • Majesco Software and Solutions India Private Limited • Majesco UK Limited • Exaxe Holding Limited • Majesco Software Solutions Ireland Limited • InsPro Technologies Corporation • InsPro Technologies, LLC ...
Latest filings (excl ownership)
15-12B
Securities registration termination
2 Oct 20
EFFECT
Notice of effectiveness
25 Sep 20
POS AM
Prospectus update (post-effective amendment)
23 Sep 20
S-8 POS
Registration of securities for employees (post-effective amendment)
23 Sep 20
S-8 POS
Registration of securities for employees (post-effective amendment)
23 Sep 20
25-NSE
Exchange delisting
22 Sep 20
8-K
Termination of a Material Definitive Agreement
21 Sep 20
8-K
Other Events
14 Sep 20
DEFA14A
Additional proxy soliciting materials
14 Sep 20
8-K
Termination of a Material Definitive Agreement
11 Sep 20
Latest ownership filings
Financial summary
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Annual (USD) | Mar 20 | Mar 19 | Mar 18 | Mar 17 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 23.36 mm | 23.36 mm | 23.36 mm | 23.36 mm | 23.36 mm | 23.36 mm |
Cash burn (monthly) | (no burn) | (no burn) | (no burn) | (no burn) | 4.03 mm | 193.00 k |
Cash used (since last report) | n/a | n/a | n/a | n/a | 185.09 mm | 8.87 mm |
Cash remaining | n/a | n/a | n/a | n/a | -161.73 mm | 14.49 mm |
Runway (months of cash) | n/a | n/a | n/a | n/a | -40.2 | 75.1 |
Institutional ownership, Q3 2021
0.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 1 |
Opened positions | 1 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
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Total value | 11.47 mm |
Total shares | 717.00 |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
BNP Paribas Arbitrage | 717.00 | $11.47 mm |