EMPLOYEE STOCK OPTION PLAN (Tables)

3 Months Ended

Jun. 30, 2018

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of changes in outstanding warrants

	Outstanding and Exercisable Warrants		Exercise Price Per Warrant		Weighted-Average Remaining Contractual Life		Weighted-Average Exercise Price
Balance, June 30, 2018		25,000	$	7.00		2.3 years	$	7.00

Majesco 2015 Equity Incentive Plan

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of share based awards fair value assumptions

	As of June 30,
Variables (range)	2018			2017
Expected volatility		41%–50	%		41%–50	%
Weighted-average volatility		41	%		41	%
Expected dividends		0	%		0	%
Expected term (in years)		3-5			3-5
Risk-free interest rate		0.71	%		0.46	%

Schedule of activity in the stock options granted

	Shares			Exercise Price Per Share		Weighted-Average Remaining Contractual Life		Weighted-Average Exercise Price
Balance, April 1, 2018		3,278,143		$	4.79 – 7.72		7.69 years	$	5.27
Granted		10,000			5.25		9.85 years		5.25
Exercised		(12,500	)		4.92		-		4.92
Cancelled		(36,250	)		4.81 – 6.22		-		5.26
Expired		-			-		-		-
Balance, June 30, 2018		3,239,393		$	4.79 – 7.72		7.61 years	$	5.27

Employee Stock Option Scheme of Majesco Limited - Plan 1

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of share based awards fair value assumptions

	As of June 30,
	2018			2017
Weighted-average volatility		46.64	%		51.02	%
Expected dividends		0.00	%		0.00	%
Expected term (in years)		5.6 Years			6 Years
Risk-free interest rate		7.88	%		7.46	%

Schedule of activity in the stock options granted

	No of Options Outstanding		Exercise Price Per Share		Weighted-Average Remaining Contractual Life		Weighted-Average Exercise Price
Balance, June 30, 2018		855,757		$0.10 - $3.00		6.30		2.34
		620,684		$3.10 - $6.00		8.22		6.88
		85,500		$6.10 - $9.00		8.32		24.81
		1,561,941