About Majesco
Majesco is a Financial Services company based in Morristown (United States) founded in 2015, and was acquired by Thoma Bravo in August 2020. It operates as a provider of cloud-based insurance policy management and data analytics solutions for the insurance industry. It operates in the Financial Services and Technology sectors. The company has 1,284 employees. Majesco has completed 8 acquisitions, including Agile Technologies, ClaimVantage and Decision Research Corporation. Its website majesco.com draws about 23 thousand monthly visits. Its Indian entity Majesco Software And Solutions India Private Limited reported revenue of ₹430 Cr. Its focus areas include FinTech, Insurance IT, Insurance Policy Solutions and Insurance Software Suite. Its competitors include Riskcovry, Socotra, FintechOS, ReSource Pro and eBaoTech and 4 more; 7 of its 9 listed competitors have raised funding.
Company details
Majesco was founded in 2015 and is based in Morristown, United States. Cloud-based platforms for insurance policy administration, claims management, and billing are offered to the insurance sector. Data analytics tools and software for digital transformation, product management, and distribution are also provided. Operations focus on supporting insurers with core suite solutions and data management systems across the industry.
- Headquarters Morristown, United States
- Employees 1,284
- Stage Acquired
- SectorsFinancial ServicesTechnology
- Website category Finance · Insurance
- Email••••••••
- Website majesco.com
- Social LinkedIn X Facebook
- Acquired by Thoma Bravo (Aug 2020)
- Legal Name Majesco Software And Solutions India Private Limited
- Date of Incorporation 21 Oct, 2014
- Jurisdiction Navi Mumbai, Maharashtra, India
- Annual Revenue₹430 Cr
FY 2025 · +14% YoY
- Net Profit₹40.53 Cr
FY 2025 · 9% margin
- EBITDA₹69.17 Cr
FY 2025 · 16% margin
- Investors
- Employee Count1,284
- Investments & AcquisitionsAgile Technologies
& 7 more
- Acquired byThoma Bravo
(Aug 2020)
Associated legal entities of Majesco
Majesco operates through Majesco Software And Solutions India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Majesco Software And Solutions India Private Limited CIN U72900MH2014PTC288244 | Active | 21 Oct 2014 | Navi Mumbai, Maharashtra | ₹430 Cr | 1,284 | 3 | View details |
Investors in Majesco
Majesco has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Thoma Bravo.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Software and technology-enabled services companies are targeted for investment. | 1980 | thomabravo.com | Chicago, United States |
Investor details for Majesco
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Board of directors of Majesco Software And Solutions India Private Limited (Majesco)
Majesco Software And Solutions India Private Limited is the primary company behind Majesco. The board of Majesco Software And Solutions India Private Limited currently have 3 directors; the longest-serving is James Jeffrey Miller, appointed in 2020. 14 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| James Jeffrey Miller DIN 08629106 | Director | 21 Jan 2020 | 6 yrs 8 mo | Majesco Software And Solutions India Private Limited |
| Vivek Garg DIN 07449693 | Director | 01 Jul 2021 | 5 yrs 3 mo | Majesco Software And Solutions India Private Limited |
| Joseph Hagen Aho DIN 11044097 | Director | 25 Apr 2025 | 1 yr 5 mo | Majesco Software And Solutions India Private Limited |
People of Majesco
109 people are tracked at Majesco (66 in leadership, 7 in board & advisors, 36 in team); the tracked headcount is 1,284.
| Name | Role | Group |
|---|---|---|
Adam Elster | CEO & Director | Leadership |
Denise Garth | Chief Strategy Officer | Leadership |
Lori Stanley | SVP And Chief General Counsel | Leadership |
Jerry O'Brien | Senior Vice President, Sales | Leadership |
Prasanna Parthasarathy | Vice President Client Partner | Leadership |
Kasiviswanath Rajavelu | Director IT Services | Leadership |
Balaji Rao Nettem | VP Services | Leadership |
Randy Croce | Vice President Of Global Delivery & The System Integrator Center Of Excellence | Leadership |
Sesi Sripatnala | Director | Leadership |
Dr. Pete Taylor | Director, Sales | Leadership |
Joe Aho | CFO | Leadership |
Eric Lake | Director, Sales | Leadership |
Ed Giangrasse | Senior Sales Director | Leadership |
John Brown | Chief Information Officer | Leadership |
Ed Ossie | COO | Leadership |
Manish Shah | President & Chief Product Officer | Leadership |
Raymond Law | SVP And General Manager, L&ah And Distribution Products | Leadership |
Tina Gravel | Vice President Global Strategic Alliances | Leadership |
Jitendra Mohite | Director, Architecture | Leadership |
Bob Freisheim | Director Of Application Delivery | Leadership |
89 more people are available in the full profile.
Complete people profiles for Majesco
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Financials of Majesco
Figures of Majesco Software And Solutions India Private Limited, the primary company behind Majesco, for FY 2025. Revenue was ₹430 Cr (+14% year on year). Net profit was ₹40.53 Cr (9% margin). EBITDA was ₹69.17 Cr (16% margin). Revenue has grown at a compounded annual rate of +15% over three years and +2% over five years.
- ₹430 CrRevenue · FY 2025 · +14% YoY
- ₹40.53 CrNet profit · 9% margin
- ₹69.17 CrEBITDA · 16% margin
- ₹35 LakhPaid-up capital
- 1,284Employees (provident fund records)
- +15%Revenue CAGR, 3 years
- +2%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Majesco Software And Solutions India Private Limited are on its company page.
Detailed financial statements for Majesco
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Investments & Acquisitions by Majesco
Majesco has strategically engaged in corporate development activities, having acquired 8 companies. Notable acquisitions include Agile Technologies, ClaimVantage and Decision Research Corporation.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Administration software for insurance, retirement, and investments is offered. | vitechinc.com | New York, United States | 1986 | Nov 2025 | •••• | |
Insurance software solutions for the P&C industry | decisionresearch.com | Honolulu, United States | 1971 | Jan 2024 | •••• | |
Employee benefits software automation | globaliqx.com | Amsterdam, Netherlands | 1999 | Oct 2022 | •••• | |
Inspection management software is provided for insurance underwriting and risk. | utilant.com | Buffalo, United States | 2005 | May 2021 | •••• | |
Automated claim technology solutions provider | claimvantage.com | Portland, United States | 2005 | Jan 2021 | •••• | |
Provider of an insurance policy administration software for payers | inspro.com | Crum Lynne, United States | 1986 | Jan 2020 | $12M | |
SaaS solutions are offered for the life and pensions industry. | exaxe.com | Dublin, Ireland | 1997 | Nov 2018 | •••• | |
Software development, consulting, and related services are provided. | agiletech.com | Bridgewater, United States | 1997 | Dec 2014 | •••• |
Complete acquisition details for Majesco
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Timeline of Majesco
11 dated milestones of Majesco across 11 years, from founding to its latest funding, stage changes and deals.
- Acquisition Acquires Agile Technologies.
- Founded Majesco is founded.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Exaxe.
- Acquisition Acquires InsPro Technologies.
- Exit Acquired by Thoma Bravo.
- Acquisition Acquires ClaimVantage.
- Acquisition Acquires Utilant.
- Acquisition Acquires Global IQX.
- Acquisition Acquires Decision Research Corporation.
- Acquisition Acquires Vitech.
Competitors of Majesco
Majesco has 9 listed competitors in our database, 7 of them funded. They include Riskcovry, Socotra, FintechOS, ReSource Pro and eBaoTech, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| riskcovry.com | 2018 | Mumbai, India | $14.41M | 126 | A platform for digital insurance distribution and management is provided. | |
| socotra.com | 2014 | San Francisco, United States | $85.09M | 37 | Cloud-based solutions for insurance policy management and underwriting are offered. | |
| fintechos.com | 2017 | London, United Kingdom | $145.99M | 49 | AI-based software suite is provided for banking and insurance sectors. | |
| resourcepro.com | 2003 | New York, United States | $87.37M | 3,180 | Insurance policy and claim management solutions for the insurance industry | |
| ebaotech.com | 2000 | Singapore | $36M | – | Cloud-based insurance software suites are developed for insurers and partners. | |
| tinubu.com | 2000 | Moulineaux, France | $147.49M | – | Cloud-based software solutions for credit insurers, surety bonds & trade finance | |
| xceedance.com | 2013 | Bermuda | – | 3,206 | Provides operations, technology, and data services to insurers worldwide. | |
| keylane.com | 1986 | Utrecht, Netherlands | – | – | Cloud-based life and non-life insurance platform for the insurance and pension industry | |
| novidea.com | 2009 | Milwaukee, United States | $110M | – | Agency management platform for insurance brokers and agents is offered. |
Detailed competitors of Majesco
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Web traffic of Majesco
The website of Majesco (majesco.com) receives about 23.1K visits a month and ranks #1,252,054 among all websites worldwide, #4,888 in Insurance.
- Monthly visits23.1K
▲ 7.4% vs previous month
- Unique visitors6.3K
per month
- Global rank#1,252,054
among all websites
- Category rank#4,888
Finance · Insurance
- Bounce rate45%
- Pages per visit2.4
- Average visit3 min 13 sec
- DevicesDesktop 60% · Mobile 40%
Websites whose visitors overlap most with Majesco. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
majescogroup.sharepoint.com | majescogroup.sharepoint.com | 100% | – | – | – |
| insurtechdigital.com | 73% | – | #1,408,971 | View details | |
| reinsurancene.ws | 73% | – | #338,642 | View details | |
| lightico.com | 73% | 664.3K | #90,376 | View details | |
| insurancethoughtleadership.com | 73% | 19.6K | #1,129,555 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 7 similar websites and full traffic analytics for Majesco
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Top companies in Insurance Technology & Support Services
10 companies that operate in the same segment as Majesco (Insurance Technology & Support Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
Auto insurance is delivered via app to individual drivers. | 2017 | London, England, United Kingdom | USD 161.3 M | USD 369.88 M | 625 | |
Cloud-based platform for property and casualty insurance is provided. | 2001 | San Mateo, California, United States | – | USD 1.48 B | 226 | |
Claims administration, loss adjusting, and benefits management services are provided. | 1969 | Memphis, Tennessee, United States | USD 2.63 M | – | – | |
Online property and casualty insurance is provided for businesses. | 2017 | San Francisco, California, United States | USD 800 M | – | 699 | |
Satellite-based imaging solutions are provided using synthetic aperture radar. | 2016 | Palo Alto, California, United States | USD 233.99 M | – | 191 | |
API-enabled insurance distribution platform is provided for B2C companies. | 2011 | Noida, Uttar Pradesh, India | USD 120.6 M | – | – | |
AI and microsatellite-based imaging solutions are developed for data monitoring. | 2014 | Espoo, Uusimaa, Finland | USD 1.25 B | USD 111.51 M | 1,156 | |
Software suite for insurance distribution and management is provided. | 2014 | New York, New York, United States | USD 354.55 M | USD 21.6 K | 649 | |
AI-enabled driver monitoring and fleet safety management solutions | 2015 | Palo Alto, California, United States | USD 215 M | – | 109 |
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Related news about Majesco
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Frequently Asked Questions about Majesco
Majesco was founded in 2015.
Majesco is headquartered in Morristown, United States. It is registered at Morristown, New Jersey, United States.
Majesco has 1,284 employees.
The primary company behind Majesco, Majesco Software And Solutions India Private Limited, reported revenue of ₹430 Cr for FY 2025, up 14% year on year.
Majesco was founded in 2015 and is based in Morristown, United States. Cloud-based platforms for insurance policy administration, claims management, and billing are offered to the insurance sector. Data analytics tools and software for digital transformation, product management, and distribution are also provided. Operations focus on supporting insurers with core suite solutions and data management systems across the industry.
Majesco has made 8 acquisitions, including Agile Technologies, ClaimVantage, and Decision Research Corporation.
Majesco has 1 investor. Key investors include Thoma Bravo.
Majesco operates through Majesco Software And Solutions India Private Limited.
Yes. Majesco was acquired by Thoma Bravo in August 2020.
The legal entities of Majesco currently have 3 directors, including James Jeffrey Miller, Vivek Garg, Joseph Hagen Aho.