Hexaware Technologies , a prominent player in the technology sector, has become the focal point of a significant financial arrangement involving its major stakeholder, CA Magnum Holdings. Effective November 17, 2025, CA Magnum has created an encumbrance on its entire shareholding in Hexaware Technologies, marking a substantial leveraging of its ownership in the company.

Key Details of the Encumbrance

*Conversion rate: 1 USD = 88.63 INR as of November 17, 2025

Nature of the Encumbrance

The encumbrance comprises both fixed and floating charges under a share charge agreement:

• A Mauritian law fixed charge on 100% of the existing issued share capital
• A Mauritian law floating charge on 100% of the future issued share capital held by CA Silkie Investments (the holding company of CA Magnum Holdings) in CA Magnum Holdings

Purpose of the Facility

The borrowed amount is earmarked for refinancing CA Magnum Holdings' existing financial indebtedness. This move suggests a strategic restructuring of debt, potentially to secure more favorable terms or to free up capital for other purposes.

Implications

This financial arrangement underscores the market value of Hexaware Technologies. By using such a substantial stake as collateral, CA Magnum Holdings demonstrates confidence in Hexaware's stability and future prospects. However, it also intertwines the fortunes of both entities more closely, as fluctuations in Hexaware's performance could potentially impact the terms of this facility.

For Hexaware Technologies' other shareholders and potential investors, this development warrants attention. While it doesn't directly affect the company's operations, it represents a significant financial commitment by the majority shareholder, which could influence future strategic decisions.

As the technology sector continues to evolve, Hexaware Technologies' ability to innovate and grow will be crucial not only for its own success but also for maintaining the value of the collateral underpinning this substantial financial arrangement.

Investors and market watchers will likely monitor both Hexaware Technologies' performance and any further moves by CA Magnum Holdings in the coming months.

Hexaware Technologies , a global provider of IT solutions and services, has announced the appointment of Aditya Jayaraman as Country Head for India. This strategic move aims to bolster Hexaware's presence and growth in the Indian market, particularly focusing on enterprises and global capability centers (GCCs).

Key Appointment Details

Aditya Jayaraman's Background

Jayaraman brings over 25 years of experience to his new role at Hexaware. His expertise spans across several critical areas in the tech industry:

Educational Background

Strategic Implications

Amrinder Singh, President & Head of EMEA & APAC at Hexaware, emphasized the strategic importance of this appointment. He stated, "Through him, we aim to bring our global capabilities and offerings, partner networks, and renewed energy and focus into what we see as one of the most important markets in the years ahead."

Jayaraman's appointment aligns with Hexaware's commitment to supporting enterprises and GCCs in India. The company aims to assist these organizations in:

1. Modernizing legacy data platforms
2. Migrating critical workloads
3. Scaling AI responsibly with tangible business outcomes

Aditya Jayaraman's Vision

Upon his appointment, Jayaraman commented on the evolving technology landscape and its impact on businesses. He highlighted Hexaware's unique position in the market, stating, "What better company to be part of than one whose goal is to help perfect human intelligence and whose NPS score is 30 points above the industry average?"

This appointment comes at a crucial time as India continues to emerge as a significant frontier for global technology transformation. Hexaware's strategic move positions the company to capitalize on the growing opportunities in the Indian market while leveraging Jayaraman's extensive experience in digital transformation and technology leadership.