Draft:Hexaware Technologies

A major contributor to this article appears to have a close connection with its subject. It may require cleanup to comply with Wikipedia's content policies, particularly neutral point of view. Please discuss further on the talk page. See our advice if the article is about you and read our scam warning in case someone asks for money to edit this article. (Learn how and when to remove this message)

Draft article not currently submitted for review. This is a draft Articles for creation (AfC) submission. It is not currently pending review. While there are no deadlines, abandoned drafts may be deleted after six months. To edit or make changes to this draft, simply click on the "Edit" tab at the top of the window. To be accepted, a draft should: Show the subject qualifies for a Wikipedia article by using multiple sources that meet four criteria. The sources should be (1) reliable (2) secondary (3) independent of the subject (4) talk about the subject in some depth. For some topics, there are alternative criteria. Be written from a neutral point of view Respect copyright and do not plagiarize. Do not copy-paste. It is strongly discouraged to write about either yourself or your business or employer. If you do so, you must declare it. Where to get help If you need help editing or submitting your draft, please ask us a question at the AfC Help Desk or get live help from experienced editors. These venues are only for help with editing and the submission process, not to get reviews. If you need feedback on your draft, or if the review is taking a lot of time, you can try asking for help on the talk page of a relevant WikiProject. Some WikiProjects are more active than others so a speedy reply is not guaranteed. How to improve a draft Wikipedia:Contributing to Wikipedia – a basic overview on how to edit Wikipedia. Help:Wikitext – how to use the markup Help:Referencing for beginners – how to include references Wikipedia:Article development – how to develop your article Wikipedia:Writing better articles – how to improve your article Wikipedia:Verifiability – make sure your article includes reliable third-party sources You can also browse Wikipedia:Featured articles and Wikipedia:Good articles to find examples of Wikipedia's best writing on topics similar to your proposed article. Improving your odds of a speedy review To improve your odds of a faster review, tag your draft with relevant WikiProject tags using the button below. This will let reviewers know a new draft has been submitted in their area of interest. For instance, if you wrote about a female astronomer, you would want to add the Biography, Astronomy, and Women scientists tags. Add tags to your draft Editor resources Easy tools: Citation bot (help) | Advanced: Fix bare URLs Last edited by OpalYosutebito (talk | contribs) 3 months ago. (Update) Submit the draft for review!

Hexaware Technologies Limited is an Indian multinational information technology (IT) services and consulting company headquartered in Navi Mumbai, Maharashtra. Founded in 1990, the company provides software development, cloud computing, enterprise automation, and business process outsourcing (BPO). As of 2026, it operates 68 offices across 28 countries and employs over 33,000 people globally.^[1]

The company was founded on November 20, 1990, by Indian entrepreneur Atul Nishar as the software services division of Aptech Limited, operating under the name Aptech Information Systems Limited.^[2] During the 1990s, the company established its early presence by providing dedicated software services to the airline and banking sectors, commencing its North American and European operations in 1995.

In 1999, the software division achieved the Software Engineering Institute's (SEI) Capability Maturity Model (CMM) Level 4 assessment, reaching Level 5 the following year. In 2001, recognizing the differing business models of IT training and software engineering, the software division was formally demerged from Aptech. On April 2, 2002, the newly independent corporate entity was renamed Hexaware Technologies Limited.

In 2013, Baring Private Equity Asia (BPEA) acquired a controlling stake in the company. Following strategic restructuring under BPEA, Hexaware was voluntarily delisted from the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) in November 2020, transitioning into a privately held company.

In 2021, the US-based private equity firm Carlyle Group acquired a 95.4% majority stake in Hexaware from BPEA in a transaction valuing the company at approximately US$3 billion.^[3] In February 2025, the company made its return to the public markets through an ₹8,750 crore Initial Public Offering (IPO).^[4]

Hexaware has historically utilized acquisitions to expand its vertical expertise and geographical footprint. Key acquisitions include:

• FocusFrame (2006): Acquired to expand its automated testing services footprint globally.
• Mobiquity (2019): In its largest acquisition to date, Hexaware acquired US-based digital customer experience consulting firm Mobiquity for US$182 million in an all-cash deal.^[5] This acquisition integrated Mobiquity’s cloud capabilities and extensive footprint in the banking and pharmaceutical sectors into Hexaware’s core offerings.
• CyberSolve (2025): In November 2025, Hexaware finalized the acquisition of US-based cybersecurity firm CyberSolve for US$66 million.^[6] The purchase expanded the company's Identity and Access Management (IAM) and zero-trust security services to enterprise clients.
• SMC Squared (2025): Acquired to expand Hexaware's footprint in the Indian Global Capability Center (GCC) market.

Hexaware operates a global delivery model utilizing a mix of offshore, nearshore, and onshore facilities. The company operates 68 offices globally, managing delivery through dedicated IT campuses.

• India (Offshore): The company's largest employee concentration is based in India, with its primary corporate headquarters located at the Millennium Business Park in Navi Mumbai. Its largest operational facility is the "Green Campus" located in Siruseri, Chennai. Additional major delivery centers are operated in Pune, Bengaluru, and Noida. The company has also expanded into tier-2 Indian cities, establishing centers in Dehradun, Coimbatore, Mangalore, and Ahmedabad (GIFT City).
• International (Nearshore/Onshore): Hexaware operates major global delivery hubs in Saltillo (Mexico), Tver (Russia), Colombo (Sri Lanka), Singapore, and the Philippines. In North America, the company maintains regional operational centers in Boston, Philadelphia, and Florida.

Hexaware categorizes its core service offerings into application transformation and management, enterprise solutions, digital assurance, cloud migration, and IT infrastructure management. The company also maintains a dedicated business process outsourcing (BPO) division.

The company generates its revenue primarily from the Banking and Financial Services (BFS) sector. Secondary revenue streams include healthcare, insurance, travel, transportation, and consumer manufacturing.

As of the 2025 calendar year, Hexaware operates as a publicly traded IT service provider. The company reported annual revenues of ₹13,430 crore (US$1.5 billion), representing a 12.2% year-over-year growth. Net income for the same period was recorded at ₹1,368 crore.^[7] The company maintains a low debt-to-equity ratio, holding over US$237 million in cash equivalents at the close of 2025.

• List of Indian IT companies
• List of IT consulting firms
• Economy of Maharashtra