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Majesco’s Farid Kazani Awarded CFO 100 Recognition of Excellence

Press Release

Morristown, NJ Mar 31, 2016 – Majesco (NYSE MKT: MJCO), a global provider of core insurance software, consulting and services for insurance business transformation, today announced that Majesco’s CFO, Farid Kazani has been awarded the CFO Roll of Honor 2016 by the CFO India for his contribution in the world of finance. Mr. Kazani received the award under the category “Strategy & Growth”.

Instituted by CFO India, the CFO 100 Award is an annual benchmark for India’s top CFOs and is given to recognize the extraordinary contribution of finance leaders. The CFO 100 Award honors the achievement of CFOs of exceptional caliber in areas such as cost management, risk management, corporate governance and strategy.

Commenting on the award Farid Kazani, CFO of Majesco said “This award is an honor for me and Majesco for the strategy and growth we have been unfolding over the last couple of years. I would like to thank CFO India for honoring me with this prestigious award.”

“The Majesco Board and Management Team have long recognized the talent and commitment of excellence with Farid,” said Ketan Mehta, CEO and Co-Founder of Majesco. “It is wonderful to see his impact at Majesco and in the finance world recognized.  We are so fortunate to have him as a member of our leadership team.”

Kazani has over 25 years of experience in the field of Corporate Finance and core competencies in strategic business planning, treasury and fund management, forex, mergers and acquisitions and divestments.


About Majesco

Majesco enables insurance business transformation for approximately 140 insurance customers by providing solutions which include software, consulting and services.

Our customers are insurers, MGA’s and other risk providers from the Property and Casualty, Life, Annuity and Group insurance segments worldwide.   Majesco delivers proven software solutions, consulting and services in the core insurance areas such as policy, billing, claims, distribution management, BI/ analytics, digital, application management, cloud and more. For more details on Majesco, please visit


 Majesco Contact:


Ashwin Rodrigues

Director — Global Marketing

Phone: +1-973-461-9087


Cautionary Language Concerning Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of management, are not guarantees of performance and are subject to significant risks and uncertainty. These forward-looking statements should, therefore, be considered in light of various important factors, including those set forth in Majesco’s reports that it files from time to time with the Securities and Exchange Commission and which you should review, including those statements under “Item 1A – Risk Factors” in Majesco’s Annual Report on Form 10-K.

Important factors that could cause actual results to differ materially from those described in forward-looking statements contained in this press release include, but are not limited to:  integration risks;  changes in economic conditions, political conditions, trade protection measures, licensing requirements and tax matters; technology development risks; intellectual property rights risks; competition risks; additional scrutiny and increased expenses as a result of being a public company; the financial condition, financing requirements, prospects and cash flow of Majesco; loss of strategic relationships; changes in laws or regulations affecting the insurance industry in particular; restrictions on immigration; the ability and cost of retaining and recruiting key personnel; the ability to attract new clients and retain them and the risk of loss of large customers; continued compliance with evolving laws; customer data and cybersecurity risk; and Majesco’s ability to raise capital to fund future growth.

These forward-looking statements should not be relied upon as predictions of future events and Majesco cannot assure you that the events or circumstances discussed or reflected in these statements will be achieved or will occur. If such forward-looking statements prove to be inaccurate, the inaccuracy may be material. You should not regard these statements as a representation or warranty by Majesco or any other person that we will achieve our objectives and plans in any specified timeframe, or at all. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this presentation. Majesco disclaims any obligation to publicly update or release any revisions to these forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release or to reflect the occurrence of unanticipated events, except as required by law.