Hexaware Technologies

Hexaware sets up new office in Coimbatore to focus on data, testing skills

Global Information technology services and solutions provider Hexaware Technologies has strengthened its footprint in Tamil Nadu with the inauguration of a new office in Coimbatore. The facility would aid the company's existing Business Process Services division which is already operational in the industrial district. The new office would focus on data and testing skills in data modernisation, automation, cloud, software development, data compliance, gen AI among others. "With our expansion in Coimbatore, we are excited to enhance our operational capabilities and access the talented workforce in emerging cities. This initiative highlights our ongoing efforts to innovate and deliver quality service," Chief Operating Officer Vinod Chandran said in a company statement on Friday. The decision to strengthen presence in Coimbatore stems from the strategic and operational advantages. The city boasts of robust talent pool and availability of skilled professionals. Coimbatore is an educatio

Hexaware Technologies planning to hire 4,000 employees in India this year

IT company Hexaware Technologies is planning to increase its global workforce by 6,000 to 8,000 this year, of which it will add about 4,000 staffers in India, the company said on Tuesday. The Navi Mumbai-based company has around 30,000 employees. "We plan to hire 6,000-8,000 employees globally. Of this, around 4,000 will come from India," Hexaware Executive Vice President and Global Head of Talent Supply Chain, Rajesh Balasubramanian said in a statement. The recruitment drives will seek to attract talented professionals to Hexaware's offshore, onshore, and near-shore centres in India, the US, Canada, Mexico, Poland, and the UK. In India, the company plans to hire for locations, including Hyderabad, Noida, Coimbatore, Dehradun, and Bengaluru. To attract talented professionals, Hexaware will also conduct recruitment drives in Ahmedabad, Indore, Pune, Mumbai, Chennai, Dehradun, Kochi, and Thiruvananthapuram. In the US, the company will hire in McLean, Chicago, Dallas, Iselin, and .

Hexaware Technologies to hire 8,000 employees across job roles this year

The hiring will build up Hexaware's talent base across offshore, onshore, and near-shore centres in India, the US, Canada, Mexico, Poland, and the UK

Hexaware acquires US-based Softcrylic to strengthen data capabilities

Softcrylic specialises in tackling complex data challenges, from data capture and validation to data modelling and activation

Software firm Hexaware announces 100-120% variable pay to all employees

Software services firm Hexaware Technologies Wednesday announced up to 120 per cent variable pay to its more than 28,500 employees. The payout ranges from 100 per cent to all employees and up to 120 per cent for high performers who have shown exceptional performance for two years, the city-based company said in a statement. Of its 28,500 employees, as many as 20,000 are based in India. Despite the prevailing economic volatility where companies have put hiring on hold, Hexaware has committed to on-board around 6,000 experienced professionals this year, it said. While the entire software industry is facing high attrition levels, the company claimed that its employee retention has seen a significant leap, jumping from 68 per cent in 2021 to 73 per cent in 2022. In 2022, Hexaware's revenues grew over 25 per cent in constant currency terms. The company is confident of maintaining this growth pace in 2023 in spite of the anticipated macroeconomic headwinds. Chief operating officer Vin

IT company Hexaware Tech to add 10,000 more to headcount in 2022

To offset the high attrition rate and execute about USD 2-billion order pipeline, global private equity major Carlyle Group-controlled Hexaware Technologies is adding 10,000 more to its 25,000-strong headcount this year, a senior company official has said. Last October, the Carlyle Group offered a reported USD 3 billion to Baring Private Equity Asia for the city-based software firm founded by technology veteran Atul K Nishar in 1990. PTI was the first to report in late August 2021 that Carlyle, the Washington-based private equity, alternative asset management and financial services giant set to pip bulge bracket rivals such as Bain Capital, KKR & Co and the Paris-based outsourcer Teleperformance, was the winner with a USD 3-billion bid for the company. None of the three parties has yet officially announced the deal completion. Nishar, who was founder and chairman of Hexaware Technologies, had in 2013 sold majority stake to Baring PE Asia for Rs 1,687 crore, with an open offer for .

Carlyle Group plans $1 bn bond to help buy India IT firm Hexaware

The $1.01 billion notes due 2026 would ultimately be used by CA Magnum to help finance the purchase of a 95.4% stake in Indian IT company Hexaware, said Moody's Investors Service

Baring to take Hexaware private, accepts exit price of Rs 475 per share

The private equity major may have to spend as much as Rs 5,400 crore to buy out the entire 37.9 per cent stake from public shareholders

IT firm Hexaware Technologies to offer Rs 475 per share for delisting

The bid process for the delisting offer - where the promoters were offering a floor price of Rs 264.97 per share - had started on September 9 and closed on September 16

Hexaware hits fresh 52-week high as promoter accepts delisting price

The acquirer and promoter have accepted the discovered price of Rs 475 per equity share as the final/exit price for delisting offer

Sebi allows Hexware to extend delisting offer by one more day to Sept 16

The cut-off date for Registrar to provide acceptance details is September 29, 2020, while the settlement date has been revised to September 30, 2020, the filing said

Hexaware Technologies hits 52-week high ahead of closure of delisting offer

The stock hit a 52-week high of Rs 446.70 in the intra-day trade today, after surging 40 per cent in the past three months, as compared to 17 per cent rise in the S&P BSE Sensex

Hexware delisting hangs in balance with 25 mn more shares needed

About 58 mn shares tendered so far, and just a day left to achieve mandatory 90% acquisition target

Hexaware promoter raises $600 mn; to partially use for delisting shares

A voluntary delisting of Hexaware Technologies from the BSE and the NSE is being undertaken

Hexaware Tech, Wipro: Are IT stocks a safe bet in the current market?

On a year-to-date (YTD) basis, the Nifty IT index has outperformed the market by surging nearly 18 per cent (as of Tuesday's close) as compared to a 7 per cent fall in the benchmark Nifty50

Baring PE Asia preparing for India's largest leveraged buyout loan: Report

The loan will be used for the delisting of Hexaware and for repaying bonds for Baring's shareholding vehicle, HT Global IT Solutions Holdings

Hexaware Technologies stock surges over 27% in 2 days on proposed delisting

Analysts' assumption that the delisting price will be higher hinges on previous delisting bids and Hexaware's valuations

Hexaware plans voluntary delisting, board to discuss proposal next week

Analysts see delisting as a move towards making the company leaner before any further step of a merger or complete

Hexaware Technologies hits 20% upper circuit on voluntary delisting plan

The company said that its board is scheduled to meet on June 12, 2020 to consider the proposal for voluntary delisting of equity shares of the company.

Hexaware Q1 profit rises 26% to Rs 175 cr; suspends full-year guidance

Net profit rose 26.3 per cent year-on-year at Rs 175 crore while it increased 4.3 per cent on a sequential basis for January-March.