About Hexaware
Hexaware is a company based in Mumbai (India) founded in 1990 was acquired by The Carlyle Group in October 2021.. The company has 32,310 employees as of December 31, 2024. Hexaware has completed 5 acquisitions, including Cybersolve, FocusFrame and Mobiquity. Hexaware offers products and services including RapidX, Tensai, and Amaze. Hexaware operates in a competitive market with competitors including UST, NTT DATA, Breed Reply, Globant and 1&1 IONOS, among others.
- Headquarter Mumbai, India
- Employees 32310 as on 31 Dec, 2024
- Stage Public
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Sectors
Business ServicesTechnology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Hexaware Technologies Limited
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Annual Revenue
$1.4 B (USD)15.36as on Dec 31, 2024
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Net Profit
$137.38 M (USD)17.92as on Dec 31, 2024
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EBITDA
$220.33 M (USD)18.97as on Dec 31, 2024
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Latest Funding Round
$67.54 M (USD), Post-IPO
Mar 21, 2006
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Investors
The Carlyle Group
& 2 more
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Employee Count
32310
as on Dec 31, 2024
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Investments & Acquisitions
Cybersolve
& 4 more
- Acquired by
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IPO & Listings of Hexaware
Hexaware is a publicly listed company on the NSE with ticker symbol HEXT in India, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Hexaware
Hexaware offers a comprehensive portfolio of products and services, including RapidX, Tensai, and Amaze. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for creating tailored development paths
Automates processes to enhance quality and efficiency
Facilitates smooth transitions to cloud environments
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Software Development Team
166 people
Leadership Team
106 people
Sales and Marketing
22 people
Senior Team
11 people
Creative and Marketing Team
10 people
Principal Team
10 people
Finance and Accounting
5 people
Human Resources and Administration
5 people
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Funding Insights of Hexaware
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $67.5M
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First Round
First Round
(21 Mar 2006)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2006 | Amount | Post-IPO - Hexaware | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Hexaware
Hexaware has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include The Carlyle Group, EQT and General Atlantic. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity fund focused on global markets
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Founded Year | Domain | Location | |
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EQT is recognized as a global investment organization focused on value creation.
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Founded Year | Domain | Location | |
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Private equity investments are directed toward multiple sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Hexaware
Hexaware has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Cybersolve, FocusFrame and Mobiquity. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of IT service suite solutions
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2017 | ||||
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Provides IAM and cybersecurity solutions to enterprises worldwide.
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2016 | ||||
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Provider of customer experience and product design services
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Hexaware
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hexaware Comparisons
Competitors of Hexaware
Hexaware operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as UST, NTT DATA, Breed Reply, Globant and 1&1 IONOS, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
High-quality office furniture is provided by UST for various needs.
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| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
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| domain | founded_year | HQ Location |
AI, cloud, and blockchain services are provided globally.
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| domain | founded_year | HQ Location |
IT and digital transformation services are delivered to various industries.
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| domain | founded_year | HQ Location |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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| domain | founded_year | HQ Location |
Provider of end-to-end business process outsourcing services
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Hexaware
Frequently Asked Questions about Hexaware
When was Hexaware founded?
Hexaware was founded in 1990 and raised its 1st funding round 16 years after it was founded.
Where is Hexaware located?
Hexaware is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Hexaware?
Srikrishna Ramakarthikeyan is the current CEO of Hexaware.
How many employees does Hexaware have?
As of Dec 31, 2024, the latest employee count at Hexaware is 32,310.
What is the annual revenue of Hexaware?
Annual revenue of Hexaware is $1.4B as on Dec 31, 2024.
What does Hexaware do?
Hexaware was founded in 1990 in Mumbai, India, and operates in the IT consulting and BPO sector. A range of services is offered, encompassing digital and software solutions, cloud infrastructure, data and AI technologies, digital transformation initiatives, and enterprise platforms. Leadership is shared by Co-CEOs Srikrishna Ramakarthikeyan and P R Chandrasekar, with Apurva Shah serving as an investor. Operations focus on supporting global clients through these specialized areas.
Who are the top competitors of Hexaware?
Hexaware's top competitors include 1&1 IONOS, Booz Allen Hamilton and Genpact.
What products or services does Hexaware offer?
Hexaware offers RapidX, Tensai, and Amaze.
Is Hexaware publicly traded?
Yes, Hexaware is publicly traded on NSE under the ticker symbol HEXT.
How many acquisitions has Hexaware made?
Hexaware has made 5 acquisitions, including Cybersolve, FocusFrame, and Mobiquity.
Who are Hexaware's investors?
Hexaware has 3 investors. Key investors include The Carlyle Group, EQT, and General Atlantic.
What is Hexaware's ticker symbol?
The ticker symbol of Hexaware is HEXT on NSE.
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