Hexaware

Mumbai, India Founded: 1990 • Age: 36 yrs Listed Acquired By The Carlyle Group Fortune India 500 · #228
Provider of IT consulting and BPO services

About Hexaware

Hexaware is a publicly listed company based in Mumbai (India) founded in 1990, and was acquired by The Carlyle Group in October 2021. Provider of IT consulting and BPO services. It operates in the Business Services and Technology sectors. The company has 25,089 employees. Hexaware has completed 5 acquisitions, including Cybersolve, FocusFrame and Mobiquity. Its chief executive, as recorded, is Srikrishna Ramakarthikeyan. Its website hexaware.com draws about 250 thousand monthly visits. Its Indian entity Hexaware Technologies Limited reported revenue of β‚Ή13,819 Cr. Hexaware offers products and services including RapidX, Tensai, and Amaze. Its focus areas include IT Services, Suite, BPO Services and Horizontal.

Company details

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.

Hexaware is ranked #228 on the Fortune India 500 (2025).

Recognitions & Rankings of Hexaware

Fortune India 500 2025 edition
Rank#228
Total income
₹12,049 Cr
Profit
₹1,176 Cr
Last year #236
  • Headquarters Mumbai, India
  • Employees 25,089
  • Stage Public
  • Sectors
    Business Services
    Technology
  • Website category Computers Electronics and Technology · Programming and Developer Software
  • Website hexaware.com
  • Social LinkedIn X Facebook Instagram YouTube
  • Acquired by The Carlyle Group (Oct 2021)
  • Legal Name Hexaware Technologies Limited
Key Metrics
  • Market Cap
    ₹30,743 Cr

    HEXT · NSE

  • Share Price
    ₹503.50

    +0.07% today

  • Revenue
    ₹13,430 Cr

    Dec 2025 · +12.2% YoY

  • EBITDA
    ₹1,806 Cr

    Margin 13.4%

  • Net Profit
    ₹1,451 Cr

    Dec 2025 · +24.4% YoY

  • P/E (TTM)
    20.1x

    P/B 4.6x

  • ROE
    23.4%

    ROCE 26.6%

  • Debt / Equity
    0.11

    Interest cover 7.3x

  • Latest Funding Round
    $67.54M (USD), Post-IPO

    Mar 2006

  • Investors
  • Employee Count
    25,089
  • Investments & Acquisitions
    Cybersolve

    & 4 more

  • Acquired by
    The Carlyle Group

    & 1 more

    (Oct 2021)

Products & Services of Hexaware

Hexaware offers a comprehensive portfolio of products and services, including RapidX, Tensai, and Amaze.

RapidX
Development Platform

Platform for creating tailored development paths

Tensai
Automation Tool

Automates processes to enhance quality and efficiency

Amaze
Cloud Migration Service

Facilitates smooth transitions to cloud environments

Apps and channels of Hexaware

its YouTube channel Hexaware Technologies has 5.93K subscribers and 30 videos.

Hexaware Technologies
YouTube 5.93K subscribers 30 videos Science & Technology
Open channel

Videos from Hexaware

The most watched videos on Hexaware's YouTube channel, Hexaware Technologies (5.93K subscribers). Click a video to play it here.

CEO Tech Live | S2- E4 – Anjani Nandan, VP of Cybersecurity & IT Infrastructure at Worldpac
36.2K views
CEO Tech Live | S2 - E2 – Craig Brown, Director of Banking Technology at EBRD
34.2K views
CEO Tech Live | S2- E5 – Paul Sheffield, VP, Infrastructure Transformation at HAVI
24.2K views
CEO Tech Live | S2- E6 – Ian Andrews, CIO at Liverpool Victoria Financial Services
20.6K views

More on Hexaware Technologies.

Funding Insights of Hexaware

  • Total Rounds 1
  • Last Round Post-IPO β€” $67.54M
  • First Round $67.54M

    (Mar 2006)

  • Investors Count 1

All 1 funding rounds of Hexaware with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Mar 2006$67.54MPost-IPO––
Valuation history

3 investors in total: 3 institutional.

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.

All
Venture Fund
InvestorDescriptionFounded YearDomainLocation
Private equity fund focused on global markets
1980generalatlantic.comNew York, United States
EQT is recognized as a global investment organization focused on value creation.
1994eqtgroup.comStockholm, Sweden
Private equity investments are directed toward multiple sectors.
1986carlyle.com
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Investor details for Hexaware

The complete investor list, round-by-round participation and investor portfolios require an active premium plan.

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  • Round participation
  • Investor portfolios
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Board of directors of Hexaware Technologies Limited (Hexaware)

Hexaware Technologies Limited is the primary company behind Hexaware. The board of Hexaware Technologies Limited currently have 9 directors; the longest-serving is Srikrishna Ramakarthikeyan, appointed in 2014. 48 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Srikrishna Ramakarthikeyan
DIN 03160121
Whole-time director17 Oct 201412 yrsHexaware Technologies Limited
Neeraj Bharadwaj
DIN 01314963
Director10 Nov 20214 yrs 11 moHexaware Technologies Limited
Julius Michael Genachowski
DIN 09365873
Director10 Nov 20214 yrs 11 moHexaware Technologies Limited
Kapil Modi
DIN 07055408
Director10 Nov 20214 yrs 11 moHexaware Technologies Limited
Lucia De Fatima Soares
DIN 09374169
Director10 Nov 20214 yrs 11 moHexaware Technologies Limited
Sandra Joy Horbach
DIN 09383306
Director10 Nov 20214 yrs 11 moHexaware Technologies Limited
Joseph Mclaren Quinlan
DIN 09477487
Director07 Feb 20224 yrs 8 moHexaware Technologies Limited
Sukanya Kripalu
DIN 06994202
Director13 Aug 20242 yrs 2 moHexaware Technologies Limited
Alok Chandra Misra
DIN 01542028
Director23 Feb 20268 moHexaware Technologies Limited

People of Hexaware

417 people are tracked at Hexaware (157 in leadership, 10 in board & advisors, 250 in team); the tracked headcount is 25,089.

NameRoleGroup
Apurva Shah
InvestorLeadership
Co-CEOLeadership
P R Chandrasekar
Co-CEOLeadership
Aditya Jayaraman
Country Head, India MarketsLeadership
Vikash Kumar Jain
Chief Financial OfficerLeadership
Aravind Vijayaraghavan
Associate Vice PresidentLeadership
Mahesh Mesta
General ManagerLeadership
Vidya Srinivasan
Executive Vice President - Chief of Staff & Head of Global Bid ManagementLeadership
Uma Thomas
Chief Risk OfficerLeadership
Sushil Karambelkar
Senior Vice PresidentLeadership
Satish Saini
Vice PresidentLeadership
Gregory Lund
Associate Vice President Of Engineering, Digital And SoftwareLeadership
Shiven Mittal
Dy. General Manager (client Partner) - Healthcare Life SciencesLeadership
Vasanth Ravichandran
Head - NordicsLeadership
Ernie Cambareri
Vice President, Workday Global Practice HeadLeadership
Sanjesh Rao
Senior Vice President, Enterprise AI & TransformationLeadership
Abinash Rath
Vice President OperationsLeadership
Bhimraj Shirsat
Global Head - Governance, Risk & ComplianceLeadership
Anand Rao
Vice PresidentLeadership
Balaji M
Executive Vice President & Global Head - Corporate AffairsLeadership

397 more people are available in the full profile.

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Complete people profiles for Hexaware

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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.

  • IPO date19 Feb 2025
  • Listed onNSE: HEXT · BSE: 544362
  • Listed entityHexaware Technologies Limited
  • Exchange sectorTechnology services
  • ISININE093A01041
  • Share price₹570.35 (+1.54% on the day) · 2026-10-14
  • Market capitalisation₹34,318 Cr
  • Price to earnings26.2
  • EPS (diluted, trailing year)₹21.80
  • Dividend yield2.54%
  • Volume (last session)658,392

Financials of Hexaware

Exchange-reported figures of Hexaware Technologies Limited, the listed company behind Hexaware (NSE: HEXT).

Financial Highlights

Dec 2025 Β· Consolidated
Revenue
₹13,430 Cr
+12.2% YoY
EBITDA
₹1,806 Cr
-1.6% YoY
Profit After Tax
₹1,451 Cr
+24.4% YoY
Net Worth
-
Total Assets
-
Total Debt
-

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Income statement
Revenue13,43011,97410,3809,2007,1786,2625,583
Revenue growth+12.2%+15.4%+12.8%+28.2%+14.6%+12.2%-
EBITDA1,8061,8351,5721,2261,1361,050864
EBITDA margin+13.4%+15.3%+15.1%+13.3%+15.8%+16.8%+15.5%
Profit before tax1,7271,5601,2681,123941800779
Net profit1,4511,166991882746621655
Net profit margin+10.8%+9.7%+9.5%+9.6%+10.4%+9.9%+11.7%
EPS (β‚Ή)22.4819.3516.4314.6424.8320.6921.49
Balance sheet
Cash flow
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue3,9333,8453,6133,4783,4843,2613,2083,154
Revenue growth (YoY)+12.9%+17.9%+12.6%+10.3%+11.1%+11.1%--
Other income149(50.10)21.7021410.301604.4023.60
EBITDA506605571267601404528490
EBITDA margin+12.9%+15.7%+15.8%+7.7%+17.3%+12.4%+16.5%+15.5%
Depreciation87.1081.7090.7012488.9075.2073.5076.30
Interest25.4032.8029.0031.2026.0020.9022.4020.70
Profit before tax543441473326497468436417
Tax11411012133.9012788.6010996.30
Net profit429330352292370380327321
EPS (β‚Ή)7.015.385.714.725.996.155.295.23
MetricsDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Income statement
Revenue7,3896,2894,9854,1013,2172,4282,141
Revenue growth+17.5%+26.2%+21.5%+27.5%+32.5%+13.4%-
EBITDA1,2421,1781,039844802683635
EBITDA margin+16.8%+18.7%+20.9%+20.6%+24.9%+28.1%+29.7%
Profit before tax1,0401,036913859726631609
Net profit852784720687584538508
Net profit margin+11.5%+12.5%+14.4%+16.8%+18.2%+22.2%+23.7%
EPS (β‚Ή)12.8012.8923.9522.8419.4817.9217.01
Balance sheet
Cash flow
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue2,1742,0911,9721,8601,9471,8181,7641,687
Revenue growth (YoY)+11.7%+15.1%+11.8%+10.3%+17.3%+15.5%--
Other income(23.00)(56.10)(9.80)(6.80)8.4013.002.207.70
Total expenses1,8321,7141,6241,6361,5521,5601,4021,373
EBITDA342378348224395258362314
EBITDA margin+15.7%+18.1%+17.7%+12.0%+20.3%+14.2%+20.5%+18.6%
Depreciation44.3039.5041.4039.5037.1035.6035.0037.40
Interest13.1017.3013.5017.9015.7015.5018.4016.80
Profit before tax262265284159351219311267
Tax60.2064.8069.9059.0080.3050.0071.5070.40

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 06 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue3,9333,8453,6133,4783,4843,2613,2083,154
Revenue growth (YoY)+12.9%+17.9%+12.6%+10.3%+11.1%+11.1%--
Other income149(50.10)21.7021410.301604.4023.60
EBITDA506605571267601404528490
EBITDA margin+12.9%+15.7%+15.8%+7.7%+17.3%+12.4%+16.5%+15.5%
Depreciation87.1081.7090.7012488.9075.2073.5076.30
Interest25.4032.8029.0031.2026.0020.9022.4020.70
Profit before tax543441473326497468436417
Tax11411012133.9012788.6010996.30
Net profit429330352292370380327321
EPS (β‚Ή)7.015.385.714.725.996.155.295.23
ParticularsDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Revenue13,43011,97410,3809,2007,1786,2625,583
Revenue growth+12.2%+15.4%+12.8%+28.2%+14.6%+12.2%-
Other income38874.9022.4017966.8534.6128.62
Total expenses11,62510,1398,8097,9746,0425,2124,718
Employee cost7,7946,9656,1285,5584,2683,6953,028
EBITDA1,8061,8351,5721,2261,1361,050864
EBITDA margin+13.4%+15.3%+15.1%+13.3%+15.8%+16.8%+15.5%
Depreciation361279284244224232103
Interest10670.9041.9037.5037.3752.0910.32
Profit before tax1,7271,5601,2681,123941800779
Tax358386271239192179138
Net profit1,4511,166991882746621655
Net profit margin+10.8%+9.7%+9.5%+9.6%+10.4%+9.9%+11.7%
EPS (β‚Ή)22.4819.3516.4314.6424.8320.6921.49
ParticularsDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Growth
Sales growth+12.2%+15.4%+12.8%+28.2%+14.6%+12.2%-
EBITDA growth-1.6%+16.8%+28.2%+7.9%+8.2%+21.5%-
PBT growth+10.7%+23.0%+13.0%+19.3%+17.7%+2.6%+7.3%
Net income growth+24.4%+17.7%+12.4%+18.2%+20.1%-5.2%-
Revenue CAGR (3Y)+13.4%+18.6%+18.4%+18.1%+15.6%+16.7%+16.5%
EBITDA CAGR (3Y)+13.8%+17.3%+14.4%+12.4%+15.6%+16.9%+14.4%
Profitability & leverage
Net income margin+10.2%+9.8%+9.6%+9.6%+10.4%+9.9%+11.5%
Return on capital employed+26.7%+28.7%+26.7%+25.9%+23.8%+24.6%+29.3%
Return on net worth+23.4%+23.5%+22.8%+22.4%+21.3%+20.7%+24.9%
Debt / equity0.110.100.100.060.040.060.03
Long-term debt / equity0.090.080.070.040.020.050.03
Interest cover7.334.563.253.824.106.371.36
Efficiency & per share
Fixed asset turnover2.192.602.712.602.192.153.10
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover6.666.275.576.347.836.986.26
EPS (β‚Ή)22.4819.3516.4314.6424.8320.6921.49
Dividend per share (β‚Ή)11.508.758.7511.008.003.508.50
Book value per share (β‚Ή)103.7088.1176.3668.26123.82106.9692.68
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue2,1742,0911,9721,8601,9471,8181,7641,687
Revenue growth (YoY)+11.7%+15.1%+11.8%+10.3%+17.3%+15.5%--
Other income(23.00)(56.10)(9.80)(6.80)8.4013.002.207.70
Total expenses1,8321,7141,6241,6361,5521,5601,4021,373
EBITDA342378348224395258362314
EBITDA margin+15.7%+18.1%+17.7%+12.0%+20.3%+14.2%+20.5%+18.6%
Depreciation44.3039.5041.4039.5037.1035.6035.0037.40
Interest13.1017.3013.5017.9015.7015.5018.4016.80
Profit before tax262265284159351219311267
Tax60.2064.8069.9059.0080.3050.0071.5070.40
ParticularsDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Revenue7,3896,2894,9854,1013,2172,4282,141
Revenue growth+17.5%+26.2%+21.5%+27.5%+32.5%+13.4%-
Other income16.9049.1034.3016867.9090.9736.52
Total expenses6,1475,1113,9463,2582,4151,7451,506
Employee cost3,2922,9712,5432,2691,6891,3741,144
EBITDA1,2421,1781,039844802683635
EBITDA margin+16.8%+18.7%+20.9%+20.6%+24.9%+28.1%+29.7%
Depreciation14713713512512011360.99
Interest70.8054.0026.2027.5023.2029.251.27
Profit before tax1,0401,036913859726631609
Tax26125218616913993.06102
Net profit852784720687584538508
Net profit margin+11.5%+12.5%+14.4%+16.8%+18.2%+22.2%+23.7%
EPS (β‚Ή)12.8012.8923.9522.8419.4817.9217.01
ParticularsDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Growth
Sales growth+17.5%+26.2%+21.5%+27.5%+32.5%+13.4%-
EBITDA growth+5.4%+13.3%+23.2%+5.2%+17.5%+7.5%-
PBT growth+0.4%+13.5%+6.3%+18.3%+15.0%+3.6%+10.4%
Net income growth+8.8%+8.8%+4.8%+17.6%+8.7%+5.9%-
Revenue CAGR (3Y)+21.7%+25.0%+27.1%+24.2%+21.5%+16.8%+15.4%
EBITDA CAGR (3Y)+13.8%+13.7%+15.1%+9.9%+13.5%+11.7%+11.6%
Profitability & leverage
Net income margin+10.6%+12.5%+14.6%+16.8%+18.3%+22.2%+23.7%
Return on capital employed+28.6%+30.9%+30.4%+29.6%+26.6%+28.5%+32.3%
Return on net worth+24.3%+26.0%+26.2%+25.8%+23.6%+25.3%+27.5%
Debt / equity0.130.110.040.040.050.000.00
Long-term debt / equity0.110.090.040.040.040.000.00
Interest cover6.475.192.903.833.405.140.22
Efficiency & per share
Fixed asset turnover3.803.663.122.692.231.982.38
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover5.615.134.283.863.623.233.60
EPS (β‚Ή)12.8012.8923.9522.8419.4817.9217.01
Dividend per share (β‚Ή)11.508.7517.5022.008.003.508.50
Book value per share (β‚Ή)53.5151.8494.6188.4488.7376.8565.40

Investments & Acquisitions by Hexaware

Hexaware has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Cybersolve, FocusFrame and Mobiquity.

Acquisitions
Company NameDescriptionDomainLocationFoundedAcquiredAmount
Provides IAM and cybersecurity solutions to enterprises worldwide.
cybersolve.comSterling, United States2016Nov 2025β€’β€’β€’β€’
Provider of IT service suite solutions
smc2.comRussia2017Jul 2025β€’β€’β€’β€’
Software development, test engineering, and data analytics services are offered.
softcrylic.comMinneapolis, United States2000May 2024β€’β€’β€’β€’
Provider of customer experience and product design services
mobiquity.comAhmedabad, India2011Jun 2019$182M
ERP, CRM, and web-based quality management solutions are delivered.
focusframe.comSan Jose, United States2009Nov 2006$34.3M
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Timeline of Hexaware

10 dated milestones of Hexaware across 35 years, from founding to its latest funding, stage changes and deals.

  1. Founded Hexaware is founded.
  2. Funding First funding round of $67.5M.
  3. Acquisition Acquires FocusFrame.
  4. Exit Acquired by EQT.
  5. Acquisition Acquires Mobiquity.
  6. Exit Acquired by The Carlyle Group.
  7. Acquisition Acquires Softcrylic.
  8. IPO Lists on the stock exchange (IPO).
  9. Acquisition Acquires SMC Squared.
  10. Acquisition Acquires Cybersolve.

Web traffic of Hexaware

The website of Hexaware (hexaware.com) receives about 250.4K visits a month and ranks #166,647 among all websites worldwide, #3,761 in Programming and Developer Software.

  • Monthly visits
    250.4K

    ▲ 5.8% vs previous month

  • Unique visitors
    71.6K

    per month

  • Global rank
    #166,647

    among all websites

  • Category rank
    #3,761

    Computers Electronics and Technology · Programming and Developer Software

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Top companies in Business Process Outsourcing (BPO)

3 companies that operate in the same segment as Hexaware (Business Process Outsourcing (BPO)) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Provider of outsourcing and business services
2007Bengaluru, Karnataka, IndiaUSD 1.63 B299
Cloud-based text analytics and cognitive automation services are provided.
1975Mumbai, Maharashtra, IndiaUSD 3 MUSD 211.78 M4,960
Electricity generation and distribution are provided in eastern India.
1879Kolkata, West Bengal, IndiaUSD 2.03 B5,688
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Related news about Hexaware

HEXT: Q2 CONS NET PROFIT 4.3B RUPEES VS 3.7B (YOY); EST 3.8B
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HEXT: Q2 REVENUE 39.33B RUPEES VS 34.8B (YOY)
Exchange Update β€’ 9 days ago
HEXT: Q2 EBITDA 6.73B RUPEES VS 6B (YOY); Q2 EBITDA MARGIN 17.11% VS 17.26% (YOY)
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HEXT: Rs. 19.66 Crores BSE Block Trade; for ~ 400,735 Shares, at Rs. 490.5
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Frequently Asked Questions about Hexaware

Hexaware was founded in 1990 and raised its 1st funding round 16 years after it was founded.

Hexaware is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Srikrishna Ramakarthikeyan is the CEO of Hexaware, as recorded in our data.

Hexaware has 25,089 employees.

The primary company behind Hexaware, Hexaware Technologies Limited, reported revenue of β‚Ή13,819 Cr for FY 2025, up 12% year on year.

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.

Hexaware offers RapidX, Tensai, and Amaze.

Yes, Hexaware is publicly traded on NSE under the ticker symbol HEXT.

Hexaware has made 5 acquisitions, including Cybersolve, FocusFrame, and Mobiquity.

Hexaware has 3 investors. Key investors include The Carlyle Group, EQT, and General Atlantic.

Hexaware operates through Hexaware Technologies Limited.

Yes. Hexaware was acquired by The Carlyle Group in October 2021.

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