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Latest news about Hexaware Technologies

CA Magnum Holdings Secures $1.26 Billion Facility Against 74.55% Stake in Hexaware Technologies 1 hour ago Today

CA Magnum Holdings, the major stakeholder of Hexaware Technologies, has created an encumbrance on its entire 74.55% shareholding in the company. The encumbrance, effective November 17, 2025, involves 45.39 crore shares and is tied to a facility of up to $1.26 billion (approx. ₹11,123.00 crores) led by HSBC. The arrangement includes both fixed and floating charges under a share charge agreement. The borrowed amount is intended for refinancing CA Magnum Holdings' existing financial indebtedness.

Hexaware Technologies Appoints Aditya Jayaraman as Country Head for India 10 days ago

Hexaware Technologies Faces Potential Legal Action After Failed Mediation with Client Nov 12, 2025

Hexaware Technologies Unveils Advanced Insurance Solutions in Collaboration with Google Cloud Nov 11, 2025

Hexaware Technologies Reports Strong Q3 2025 Growth, Acquires CyberSolve to Boost Cybersecurity Capabilities Nov 07, 2025

More news about Hexaware Technologies

30Oct 25

Hexaware Technologies' Subsidiary Softcrylic Technologies Inc to Undergo Voluntary Liquidation

Hexaware Technologies Limited announced the voluntary liquidation of its Canadian stepdown subsidiary, Softcrylic Technologies Inc., effective October 29, 2025. The liquidation is part of efforts to streamline the company's corporate structure. Softcrylic Technologies Inc. contributed minimally to Hexaware's financials, with revenue of INR 6.00 million and net worth of INR 3.00 million in FY 2024, both representing 0.00% of the group's total. The move is expected to have minimal impact on Hexaware's overall financial position.

27Oct 25

Hexaware Technologies Refutes Patent Lawsuit, Affirms Confidence in Proprietary Platforms

Hexaware Technologies Limited has firmly denied all allegations in a patent lawsuit filed by Natsoft Corporation and Updraft LLC. The company describes the lawsuit as meritless and plans to vigorously defend its position. The legal action involves Hexaware's proprietary platforms: Amaze®, Tensai®, and RapidX™. Hexaware asserts these platforms are results of original engineering and in-house R&D. CEO Srikrishna Ramakarthikeyan stated that such disputes are common in the tech industry. Hexaware expects no material impact on its operations or financial position due to this lawsuit.

24Oct 25

Hexaware Technologies Initiates Mediation for $9 Million European Client Receivables

Hexaware Technologies has begun mediation proceedings with a European client over $9 million in receivables. The mediation is being conducted through a US-based agency. The company has fully provided for the claimed amount and anticipates a favorable outcome with no downside risk. This dispute was initially disclosed during an earnings call after the July 24, 2023 board meeting. Both parties have filed a mediation application, indicating a mutual desire for amicable resolution.

23Oct 25

Hexaware Technologies Appoints Eravi Gopan to Spearhead High Tech, Products, and Platforms Division

Hexaware Technologies has appointed Eravi Gopan as President and Global Head of the High Tech, Products, and Platforms division. Gopan brings extensive experience in SaaS, AI, and technology services, having previously served as Chief Revenue Officer at a Google Ventures-backed SaaS platform and Chief Commercial Officer at an Accel Ventures-backed enterprise AI startup. He also held significant roles at Wipro, including Global Business Head for Platforms and Software Products. This appointment aligns with Hexaware's focus on driving AI adoption, modernizing platforms, accelerating new product introductions, and delivering measurable outcomes for clients. The company aims to leverage its AI and cloud lifecycle offerings to enhance software, platform, and high-tech companies' performance.

17Oct 25

Hexaware Technologies Completes Voluntary Liquidation of Stepdown Subsidiary

Hexaware Technologies Limited has completed the voluntary liquidation of its stepdown subsidiary, Hexaware Nevada, Inc., effective October 16, 2025. The liquidation, confirmed on October 17, 2025, was undertaken to rationalize the group structure. Hexaware Nevada had nil revenue from operations and nil net worth as of December 31, 2025. The company has disclosed this material event to stock exchanges in compliance with SEBI regulations.

14Oct 25

Hexaware Technologies Announces Key Senior Management Changes

Hexaware Technologies has made significant changes to its senior management team. Hariharan Srinivasan has been appointed as Interim Chief People Officer, effective November 16, 2025, following Nita Nambiar's resignation. Siddharth Dhar will lead the AI Practice in addition to his current role as President and head of Digital IT Operations from October 14, 2025. Eravi Gopan joins as President and Head of Hi-Tech Vertical from October 20, 2025. These appointments aim to strengthen Hexaware's leadership in human resources, artificial intelligence, and the hi-tech sector.

09Oct 25

Hexaware Technologies Leads with 575% Interim Dividend as Three Firms Set Record Date

Hexaware Technologies, Rashtriya Chemicals & Fertilizers, and Sacheta Metals have set October 9 as the last trading day for dividend eligibility. Hexaware offers a substantial 575% interim dividend (Rs 5.75/share), RCF declares a 13.20% final dividend (Rs 1.32/share), and Sacheta Metals announces a 2.50% interim dividend (Rs 0.05/share). The ex-dividend date for all three companies is October 10.

03Oct 25

Hexaware Technologies Faces $500 Million Patent Infringement Lawsuit in US

Hexaware Technologies, an Indian IT services company, is facing a $500 million lawsuit filed by Natsoft Corp in the United States for alleged patent infringement. The lawsuit poses a significant financial risk for Hexaware, potentially impacting its market position and investor confidence. Hexaware has not yet issued an official statement regarding the legal action. In a separate development, the company has declared a second interim dividend of ₹5.75 per equity share, with the record date set for October 10 and payment scheduled for October 18.

01Oct 25

Hexaware Technologies Declares ₹5.75 Per Share Second Interim Dividend for FY2025

Hexaware Technologies Limited has announced a second interim dividend of ₹5.75 per equity share for FY2025. The dividend, representing 575% of the face value, was declared by the Board of Directors on October 1, 2025. The record date is set for October 10, 2025, with payment scheduled for October 18, 2025. Eligible shareholders are those listed in the Register of Members or Depositories' records as of the record date.

01Oct 25

Hexaware Technologies Faces $500 Million Lawsuit from Natsoft Over Patent Infringement

US-based Natsoft has filed a $500 million lawsuit against Hexaware Technologies in the US District Court, alleging patent infringement and breach of contract. Natsoft claims its subsidiary, Updraft, invested $100 million in app modernisation solutions and holds nine patents. The lawsuit accuses Hexaware of willfully infringing these patents and using Updraft's technology to build competing products. Natsoft has requested a jury trial, and the case could have significant financial and reputational implications for Hexaware.

25Sept 25

Hexaware Technologies to Consider Second Interim Dividend for FY2025

Hexaware Technologies Limited has scheduled a Board of Directors meeting on October 1, 2025, to consider declaring a second interim dividend for the financial year 2025. The company notified stock exchanges BSE and NSE on September 25, 2025. The decision could potentially benefit shareholders, though the final outcome will be determined during the meeting.

23Sept 25

Hexaware Technologies Soars to 97th Percentile in S&P Global Sustainability Assessment

Hexaware Technologies Limited scored 83 out of 100 in the S&P Global Corporate Sustainability Assessment, placing it in the 97th percentile of its industry. The company outperformed the industry average of 34, excelling in Human Capital Management, Climate Strategy, and Corporate Governance. Hexaware provided 97% of required ESG disclosures and maintained a clean record with no recent controversies.

22Sept 25

Hexaware Technologies Unfazed by U.S. H1B Visa Fee Hikes

Hexaware Technologies announced that recent changes to U.S. H1B visa regulations, including increased fees, are expected to have minimal impact on its operations and finances. The company has been reducing its reliance on H1B visas and did not submit any new applications under the H-1B cap in April. Hexaware focuses on hiring local talent and maintains flexible global talent deployment strategies. Management assessed that the new regulations are unlikely to have any material financial or operational impact on the company.

17Sept 25

Hexaware Technologies Gains 5% on US Rate Cut Expectations and Weak Rupee; Receives Strong ESG Score

Hexaware Technologies' stock has increased by over 5% in the past seven trading sessions since September 5, outperforming the ET Infotech index. The rally is attributed to a weaker rupee and potential US Federal Reserve rate cuts, which could boost US client spending. The company reported 1.30% sequential revenue growth in constant currency for the June quarter, with strong performance in the banking vertical. Hexaware has improved operational efficiency by increasing offshore services share and employee utilization. Despite analysts adjusting growth estimates, many maintain buy ratings. Additionally, Hexaware received a high ESG score of 83 out of 100 from S&P Global, reflecting its commitment to sustainable business practices.

16Sept 25

Hexaware Technologies Secures Strong 83/100 ESG Score from S&P Global

Hexaware Technologies Limited has achieved an ESG score of 83 out of 100 from S&P Global. The score is weighted heavily on Social Dimension, followed by Governance & Economic Dimension, and Environmental Dimension. The company has officially informed stock exchanges about this rating and plans to host the information on its corporate website. Hexaware also announced participation in upcoming investor conferences: Jefferies 4th India Forum and Axis Capital Consumer & Tech Conference.

09Sept 25

Hexaware Technologies Shines with 13 Medals at 2025 Brandon Hall Group HCM Excellence Awards

Hexaware Technologies secured 13 medals (8 Gold, 4 Silver, 1 Bronze) at the 2025 Brandon Hall Group HCM Excellence Awards. The company's HexaVarsity corporate university, featuring programs like SONIC, Organizational Development, and Mavericks, was key to this success. Awards recognized best practices in learning and development, talent management, leadership development, and talent acquisition. Hexaware's Global Head emphasized the importance of continuous learning in preparing for future roles and client needs.

04Sept 25

Hexaware Technologies Secures Gold Sustainability Rating from EcoVadis, Ranks in Top 5% Globally

Hexaware Technologies has been awarded a gold sustainability rating by EcoVadis, placing it in the 98th percentile of assessed companies. The company's overall sustainability score increased to 82 from 70, upgrading it from Silver to Gold rating. This improvement reflects stronger policy implementation, improved action plans, and measurable results across various sustainability criteria. Hexaware has enhanced its efforts in areas such as governance, environmental impact reduction, labor rights, ethics, and responsible sourcing. The company plans to further strengthen its sustainability approach through deeper value-chain engagement and sharper KPI tracking.

02Sept 25

Hexaware Technologies Achieves AWS Premier Tier Partner Status, Boosting Cloud Modernization Capabilities

Hexaware Technologies has attained AWS Premier Tier Partner status within the AWS Partner Network. This recognition highlights Hexaware's expertise in AWS services, including large-scale migration, application and data platform renewal, advanced analytics, and industry-specific cloud solutions. The company's proprietary Amaze® platform supports cloud modernization projects, offering structured engagement models. Hexaware's AWS practice is backed by advanced accreditations, certifications, and a track record of customer delivery at scale.

28Aug 25

Hexaware Technologies Partners with Replit to Revolutionize Enterprise Software Development

Hexaware Technologies has partnered with Replit to revolutionize enterprise software development through secure, governed Vibe Coding. The collaboration aims to democratize software creation by enabling non-IT teams to build applications and prototypes without traditional coding skills. Key features include secure Vibe Coding with enterprise-grade governance, faster innovation through rapid prototyping, custom internal tool development, and agentic AI for complex backend tasks. This partnership reflects Hexaware's commitment to accelerating digital transformation and innovation in enterprises.

19Aug 25

Hexaware Technologies Unveils Agentic AI Academy in Partnership with upGrad Enterprise

Hexaware Technologies has introduced its Agentic AI Academy in partnership with upGrad Enterprise, aiming to prepare its global workforce for advanced AI systems. The academy offers four learning categories: Builder.AI, Collaborator.AI, Manage.AI, and a fourth unspecified category. This initiative builds on Hexaware's existing generative AI training program, which has reached 95% of its employees. The company plans to rapidly onboard most of its delivery and engineering teams through the Academy, with some participants already working on live Agentic assignments.

31Jul 25

Hexaware Reports 8.6% YoY Revenue Growth, Acquires SMC Squared to Boost GCC Capabilities

Hexaware Technologies achieved 8.6% year-over-year revenue growth in Q2 despite client decision delays and economic headwinds. EBITDA was 17.20%, aligning with full-year targets. Financial Services grew 16% YoY, Banking saw 13.50% sequential growth, while Manufacturing & Consumer declined 11.50%. The company acquired SMC Squared to enhance Global Capability Center services. Operational improvements include increased utilization to 83.70% and 850 net employee additions. While near-term growth expectations are lowered, Hexaware maintains its $3 billion revenue target for 2029 and focuses on strategic initiatives including AI-based offerings.

31Jul 25

Hexaware Technologies Appoints Shantanu Baruah as President & Global Head of Healthcare & Insurance Vertical

Hexaware Technologies Limited has announced the appointment of Shantanu Baruah as President & Global Head of the Healthcare & Insurance Vertical, effective August 1, 2025. Baruah brings over 25 years of experience in healthcare, life sciences, and digital transformation. He previously served as Executive Vice President at HCL Tech, leading the Americas Healthcare business unit. Recognized among the Top Healthcare IT Executives, Baruah has authored papers and books on healthcare technology. This strategic appointment aims to strengthen Hexaware's position in the healthcare and insurance sectors.

25Jul 25

Hexaware Technologies Reports Strong Q2 2025 Results, Acquires SMC to Boost GCC Capabilities

Hexaware Technologies announced Q2 2025 financial results with revenue reaching USD 382.10 million, an 8.6% year-over-year increase. EBITDA margin expanded to 17.2%, and reported profit increased by 38.3%. The company acquired SMC Squared for up to USD 120 million to enhance its Global Capability Center offerings. Key verticals showing growth include Travel and Transportation (23.4%), Financial Services (15.7%), and High Tech and Professional Services (14.1%). The company maintains its EBITDA outlook for the year despite lowering expectations due to macroeconomic softness.

25Jul 25

Hexaware Technologies Reports Solid Q2 2025 Results, Acquires SMC to Boost GCC Capabilities

Hexaware Technologies announced robust Q2 2025 financial results with revenue reaching USD 382.10 million, up 8.6% YoY. The company's EBITDA margin expanded to 17.2%, and net profit surged by 38.3% YoY to INR 3,797.00 million. Most sectors showed growth, with Travel and Transportation leading at 23.4% YoY. Geographically, Americas and Europe grew by 10.3% and 7.9% YoY respectively. Hexaware also acquired SMC Squared for up to USD 120.00 million to enhance its Global Capability Center offerings. The company's total headcount reached 32,410 with a decreased IT services attrition rate of 11.1%.

25Jul 25

Hexaware Technologies Reports 38% Profit Jump But Misses Estimates, Lowers Growth Expectations

Hexaware Technologies reported a 38% year-over-year increase in net profit to Rs 380.00 crore for the June quarter, falling short of market expectations. Revenue grew by 11.1% to Rs 3,260.00 crore, also missing estimates. The profit shortfall was attributed to increased expenses, including acquisition-related costs. While manufacturing and consumer segments declined, Europe showed growth. The company acquired SMC Squared for $120.00 million but lowered its growth expectations due to market softness. Hexaware's shares fell 10.7% following the announcement.

24Jul 25

Hexaware Technologies Reports Growth in Q1 Net Profit and Revenue

Hexaware Technologies announced Q1 financial results showing growth and improved profitability. Consolidated net profit rose to ₹3.80 billion from ₹3.27 billion, while revenue increased to ₹32.60 billion from ₹32.07 billion quarter-on-quarter. The company reported growth across most vertical segments, with notable performance in the Americas and Europe. Hexaware secured significant deals in legacy modernization, application modernization, AI-driven services, and cloud consolidation. The company's headcount reached 32,410, with improved utilization rates and reduced attrition.

17Jul 25

Hexaware Technologies Expands Global Capability Center Footprint with $120 Million Acquisition

Hexaware Technologies is acquiring Tech SMC Square India, Tech SMCSquared (GCC) India, and their US parent SMC Squared, LLC for up to $120 million. The deal aims to strengthen Hexaware's position in the Global Capability Center (GCC) market. SMC Squared brings expertise in setting up GCCs, with over 500 employees and delivery centers in India. The acquisition is expected to accelerate Hexaware's GCC journey, create a GCC 2.0 service line, and integrate SMC's capabilities with Hexaware's strengths in AI, analytics, and cloud transformation.

16Jul 25

Hexaware Technologies Announces Q1 Results and Q2 Earnings Call

Hexaware Technologies has scheduled an earnings call for July 25, 2025, at 8:00 AM to discuss Q1 results and provide insights into Q2 earnings. The call will cover comprehensive Q1 performance, preliminary Q2 financial outcomes, and future outlook. Investors can expect details on revenue figures, growth metrics, profit margins, cost management strategies, key projects, and client acquisitions.

01Jul 25

Hexaware Technologies Approves $50 Million Investment in U.S. Subsidiary

Hexaware Technologies' board has approved an investment of up to $50 million in its U.S. subsidiary, Hexaware Technologies Inc. This strategic move aims to strengthen the company's presence in the U.S. market, potentially leading to expanded operations, enhanced service offerings, increased competitiveness, and growth in the client base. The investment aligns with Hexaware's global strategy and its focus on key international markets.

30Jun 25

Hexaware Technologies to Inject Up to $50 Million in U.S. Subsidiary

Hexaware Technologies has approved a capital infusion of up to $50 million into its wholly owned U.S. subsidiary. The investment, to be completed by December 2026, aims to strengthen the company's presence in the U.S. market. This strategic move is expected to expand Hexaware's operations, enhance service delivery capabilities, and improve its competitive position in the U.S. IT services sector.

26Jun 25

Hexaware Technologies Achieves Guidewire Migration Acceleration Specialization

Hexaware Technologies has attained the Guidewire Migration Acceleration Specialization under the Guidewire PartnerConnect Program. This recognition highlights Hexaware's advanced capabilities in executing Guidewire migrations for insurance companies. The specialization is expected to reduce risks, accelerate implementation, and enhance efficiency for clients in the insurance sector. It also positions Hexaware as a trusted expert for insurers seeking to modernize their technology with Guidewire solutions.

29May 25

Hexaware Technologies Enhances CX Solutions with Fixie.AI Voice AI Partnership

Hexaware Technologies has formed a strategic partnership with Fixie.AI to integrate voice AI technology into its enterprise operations. The company has chosen Ultravox Realtime as its voice AI platform, aiming to enhance customer experience (CX) solutions. This integration is expected to improve customer interactions, provide real-time assistance, and increase operational efficiency. The move positions Hexaware at the forefront of IT services innovation, particularly in customer experience solutions.

23May 25

Hexaware Technologies Expands US Presence with New Chicago Office

Hexaware Technologies has opened a new office in Chicago, strengthening its presence in the US market. This strategic move aims to enhance service delivery capabilities, provide localized support to Midwest clients, tap into local talent, and improve response times for US-based customers. The expansion reflects Hexaware's growth trajectory and increased focus on the American market, positioning the company to increase its market share and cater to specific needs of US businesses.

12May 25

Hexaware Technologies Expands Global Footprint with New Subsidiary in Egypt

Hexaware Technologies has incorporated a new subsidiary in Egypt as part of its global expansion strategy. This move aims to strengthen the company's presence in the Middle East and North Africa (MENA) region, enhance service delivery capabilities, and tap into Egypt's growing IT talent pool. The expansion is expected to open new market opportunities, improve localized services, and contribute to Hexaware's growth in the competitive IT services landscape.

29Apr 25

Hexaware Technologies: Management Anticipates Accelerated Growth from Q3 2025

Hexaware Technologies announced Q1 2025 results with a 0.20% revenue decline in constant currency, but 1.70% growth in rupee terms. EBITDA margins improved to 16.50%. The company expects accelerated growth from Q3 2025, particularly in the Banking and Financial Services sector. Hexaware maintains its $3 billion revenue target for 2029 and continues to focus on digital transformation services.

28Apr 25

Hexaware Technologies Posts Robust Q1 CY25 Results with 12.4% YoY Revenue Growth

Hexaware Technologies reported robust Q1 2025 financial results. Revenue increased 12.4% YoY to $371.50 million, with EBITDA margin expanding by 117 basis points to 16.7%. Net profit grew 17.2% to ₹3,271.00 crore, and EPS rose 16.7% to ₹5.38. The company saw strong growth in Financial Services, Travel and Transportation, and High Tech sectors. Americas revenue grew 18.3% YoY, while Europe declined 4.0%. Hexaware maintained a strong financial position with ₹19,087.00 crore in cash and cash equivalents. The Board declared an interim dividend of ₹5.75 per share.

07Mar 25

Hexaware Technologies: Q4 Earnings Trigger Share Price Decline Despite Strong CY24 Performance

Hexaware Technologies reported robust financial results for CY24, outperforming the sector with 13.5% growth and reaching $1,428.9 million in revenue. However, Q4 2024 results led to a 4% share price decline. Q4 revenue increased 0.6% to Rs 3,154 crore, while EBIT decreased 0.8%. The company added 4,017 employees in 2024, reduced voluntary attrition to 10.8%, and improved client metrics. Hexaware also announced a strategic partnership with the San Francisco Unicorns cricket team.

07Mar 25

Hexaware Technologies Scores Big with San Francisco Unicorns Partnership, Riding on Strong Financial Performance

Hexaware Technologies has announced a strategic partnership with the San Francisco Unicorns cricket team until 2026, coinciding with the release of impressive financial results for Q4 and full-year 2024. The collaboration includes branding on team gear and signage. Hexaware reported Q4 2024 revenue of $372.3 million (up 18.5% YoY) and full-year revenue of $1,428.9 million (up 13.7% YoY). EBITDA margins improved, with Q4 at 16.3% and full-year at 15.9%. The company expanded its client base, adding a $100 million+ revenue customer and increasing $20 million+ customers from 11 to 15.

06Mar 25

Hexaware Technologies Scores Big: Partners with San Francisco Unicorns to Revolutionize Cricket Fan Experience

Hexaware Technologies has announced a partnership with the San Francisco Unicorns, a Major League Cricket team, running through the 2026 season. As the Official Partner, Hexaware's branding will appear on team gear and match displays. The collaboration aims to enhance fan engagement through technology and innovation in cricket. This partnership coincides with the Unicorns' preparation for the third MLC season in Summer 2025, which will include matches in the Bay Area for the first time.

19Feb 25

Hexaware Technologies Shares Soar 10% Above IPO Price on Market Debut

Hexaware Technologies Ltd made a strong debut on the Bombay Stock Exchange, with shares rising up to 10% above the IPO price. The stock listed at ₹780, compared to its IPO price of ₹708. The company's market capitalization reached ₹46,983.91 crore. The IPO, which raised ₹8,750 crore, was oversubscribed 2.66 times, indicating strong investor interest. Qualified institutional buyers played a crucial role in supporting the offering.

19Feb 25

Hexaware Technologies Makes Strong Debut: India's Largest IT Services IPO Lists at 5% Premium

Hexaware Technologies, a leading Indian IT services company, successfully listed on both BSE and NSE. The company's shares opened at a 5% premium above the IPO price, with BSE listing at ₹731 and NSE at ₹745.5. This ₹8,750-crore IPO, structured as an Offer For Sale by Carlyle, marks the largest ever for an Indian IT services company. The strong debut reflects investor confidence in Hexaware's business model and the Indian IT sector's growth potential.