Hexaware technologies has made a remarkable debut in the Netherlands IT services market, securing the top position in Value for Money in the Whitelane Research 2026 Netherlands IT Sourcing Study. The global IT services and solutions provider achieved an impressive 89% satisfaction score in this category while demonstrating strong performance across multiple key performance indicators.

Outstanding Performance Across Key Metrics

The company's debut performance showcased excellence across several critical areas:

Hexaware emerged as one of only five new entrants among the 43 IT service providers evaluated in the study, ranking among the top 15 IT service providers in General Satisfaction in the Netherlands.

Comprehensive Market Recognition

The Whitelane Research study, conducted in collaboration with Eraneos, represents the Netherlands' most extensive evaluation of IT service and cloud platform providers. The research incorporated feedback from over 350 leading organizations, covering approximately 800 IT sourcing relationships and more than 1,150 cloud relationships.

In Application Services specifically, Hexaware achieved significant milestones:

• Broke into the top 10 by market share
• Ranked 13th with 80% provider service satisfaction
• Achieved a strong renewal intention rate
• Placed among the top three in the Use of AI category

Leadership Perspectives on Market Entry

Amrinder Singh, President & Head – EMEA & APAC, Hexaware, emphasized the significance of client feedback: "Client feedback at this scale is the most honest measure we have. Ranking first in value for money, while also scoring strongly across service delivery, account management, security, and AI, tells us our clients see the full picture of what we bring to an engagement, not just one dimension of it."

Shreyas Vasanth Kumar, Senior Vice President & Head – Continental Europe, Hexaware, highlighted the achievement in context: "The Netherlands is a demanding market. We've made a powerful debut in this study, achieving top rankings. These results reflect genuine client relationships built on consistent delivery, and they give us a strong foundation to grow from."

Industry Recognition and AI Capabilities

The study particularly recognized Hexaware's artificial intelligence capabilities, with the company placing among the top three in the Use of AI category. Half of all respondents acknowledged Hexaware's positive track record in applying AI to improve services, demonstrating the company's technological innovation and practical implementation capabilities.

Jef Loos, Head of Research, Europe, Whitelane Research, provided external validation: "Hexaware's performance in the Netherlands study shows strong client recognition across several important dimensions, particularly value for money, account management quality, security, and service delivery. That combination points to a provider delivering a balanced and competitive client experience in the Dutch market."

Strategic Market Position

This recognition establishes Hexaware as a formidable player in the competitive Netherlands IT services market. The company's ability to achieve top rankings across multiple performance indicators while maintaining strong client satisfaction scores demonstrates its comprehensive service delivery capabilities and strategic positioning for future growth in the European market.

Hexaware technologies has disclosed receiving a compounding order from the Reserve Bank of India (RBI) imposing a penalty of ₹11,64,167 for delayed regulatory filing. The penalty relates to the company's failure to timely file Form FC TRS with the central bank regarding equity shares transferred during its 2021 delisting process.

RBI Penalty Details

The regulatory action stems from delays in filing Form FC TRS for equity shares acquired by HT Global Holdings B.V in 2021 as part of Hexaware's delisting process. The company received the RBI communication on March 30, 2026, and has committed to comply with the compounding order.

Regulatory Compliance Context

The penalty relates to the company's delisting process that occurred in 2021, when HT Global Holdings B.V acquired equity shares of Hexaware Technologies. Form FC TRS is a mandatory regulatory filing required under RBI's foreign exchange regulations for such transactions involving foreign entities.

Financial Impact Assessment

Despite the regulatory penalty, Hexaware Technologies has stated that there is no material impact on the company's financials or operations due to this RBI order. The company has indicated its intention to proceed with compliance as per the compounding order requirements.

Disclosure Requirements

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates companies to inform stock exchanges about material events. The information has also been made available on the company's official website for stakeholder access.