Majesco Limited
MAJESCO.NS
National Stock Exchange of India87.80
INR
+0.50
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Majesco Limited
MAJESCO.NS
(National Stock Exchange of India)
Recent
price
87.80
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Majesco Limited is a global insurance software company specializing in cloud-native, AI-driven solutions primarily for the property & casualty (P&C) and life, annuity & health (L&AH) insurance segments. The company offers a comprehensive suite of core insurance software products including intelligent core software platforms for policy administration, billing, claims management, digital distribution, underwriting, loss control, analytics, and data management. Majesco's solutions extend to sales and underwriting platforms, digital portals, AI-powered analytics, and enterprise rating systems designed to enhance operational efficiency, accelerate time-to-market, and improve customer engagement for insurers. Founded in 1985 and headquartered in Morristown, New Jersey, Majesco operates globally, serving over 350 insurers ranging from managing general agents and startups to some of the world’s largest insurance and reinsurance companies. Its technology platform is built to support complex transactions at scale with cloud-native architecture and AI-enabled automation to help insurers modernize legacy systems, enhance underwriting accuracy, streamline claims processing, and optimize pricing and risk management. In the last two years, Majesco has undergone significant strategic expansion, notably acquiring Vitech, a leading developer of cloud-based pension and benefits administration software, broadening its footprint into the Group & Benefits and Retirement & Pension markets. This acquisition creates the industry’s largest technology partner across these insurance sectors, integrating Vitech’s comprehensive cloud solutions with Majesco’s AI capabilities to accelerate innovation, operational growth, and product agility for over 375 combined customers in the U.S., Canada, and UK markets. Additionally, Majesco has introduced multiple AI agents embedded across its P&C and L&AH suites in its 2025 product releases, delivering enhanced automation in underwriting, billing, claims adjudication, and digital customer engagement portals, supporting faster upgrades and real-time business insights. Majesco is privately held and owned by Thoma Bravo, a software-focused investment firm that completed its acquisition in 2020, enabling Majesco to leverage resources for accelerated growth and innovation leadership in insurance technology. The company also operates through various subsidiaries including Majesco Software Solutions India Private Limited, enhancing its global delivery capabilities. Majesco’s continuous investments in AI, cloud-native technologies, and strategic acquisitions position it as a key enabler of digital transformation for insurers aiming to adapt to rapidly evolving market dynamics and customer expectations.