Page 2 - Hexaware Technologies

Hexaware acquires full stake in SMC Squared for ₹1,029 crore in cash deal

IT company Hexaware Technologies has acquired 100 per cent stake in SMC Squared for USD 120 million, about Rs 1,029 crore, in an all-cash deal to expand its play on global capability centres, the company said in a regulatory filing. SMC Squared builds, operates and transfers global capability centres (GCC). "By acquiring SMC, Hexaware gains established GCC expertise: SMC's proven playbook and relationships in the mid-market GCC segment will accelerate our go-to-market strategy. We will extend SMC's offerings to our broader client base, including existing Hexaware customers," the filing said. The aggregate consideration including contingent components for the acquisition is up to USD 120 million (equivalent to Rs 1,029 crore) subject to certain customary adjustments on cash, debt and taxes, the filing said. "The breakup of consideration is USD 45 million upfront payout, up to USD 45 million of earnouts and up to USD 30 million outperformance earnout bonus," the filing said. The ...

Hexaware Tech announces GCC deals worth ₹1,029 crore; time to buy stock?

At 9:43 AM, Hexaware Technologies shares were trading at ₹870.50, up by 1.53 per cent on the National Stock Exchange.

Hexaware slips 16% from record high, hits all-time low; nears issue price

In the past two weeks, Hexaware Technologies has underperformed the market as its share price declined by 13 per cent after reporting 0.2 per cent quarter-on-quarter (Q-o-Q) revenue growth

Mobikwik, IKS, Ola, Hexaware from IPO index tank up to 15%, record new lows

Thus far in the calendar year 2025, BSE IPO index has underperformed the market by falling 22 per cent, as compared to 5.4 per cent decline in the BSE Sensex.

Our industry outperformance is not a 1-year story: Hexaware Tech CEO

I'm not overly concerned about daily stock price fluctuations - we are in this for the long term, said Hexaware CEO

Hexaware Tech tumbles 7% after reporting December quarter results; Details

Shares of the company were under pressure, after the company reported its first quarterly result, for the quarter ended December 2024, after listing on the bourses

IPO corner: Hexaware Technologies defies expectations, gains 8% on debut

The listing gains were surprising, given the lukewarm response to its Rs 8,750-crore initial public offering (IPO)-the largest ever for an IT services company in India

JM Financial initiates 'Buy' on Hexaware Technologies; sees 10% upside

The analysts at JM Financial have assigned a target price of Rs 820 for Hexaware Technologies, an upside of 10 per cent from the listing price of the company's shares.

Markets: Set-up for Sensex, Nifty today; Hexaware IPO listing; Tariff news

Stock Markets Today, Feb 19, 2025: Hexaware Technologies shares are set to debut on the stock markets today. The issue price of Hexaware Technologies IPO was set at Rs 708 per share

Hexaware Technologies IPO subscribed 2.7 times, driven by strong QIB demand

The company had allotted shares worth almost Rs 2,600 crore to anchor investors

Hexaware Technologies IPO fully subscribed; QIBs drive demand on Day 3

Hexaware Technologies IPO Day 3: Check latest subscription data, GMP, reviews, allotment date, listing date, and other key details

Hexaware Technologies' Rs 8,750 crore IPO subscribed 15% on day two

The IPO price band is set at Rs 674-708 per share, valuing Hexaware at Rs 43,025 crore

Hexaware Tech IPO subscription reaches 3% on first day of bidding

The initial share sale of the Mumbai-headquartered company is a complete Offer for Sale (OFS) of equity shares worth Rs 8,750 crore by promoter CA Magnum Holdings, part of Carlyle Group

IPO Calendar: Hexaware Technologies, 11 more to keep investors busy next wk

From opening to allotment to listing, here is the complete list of IPOs that will keep primary market investors busy next week

Back with a bang! Hexaware Technologies returns as India's largest IT IPO

The public offering of Hexaware Technologies will also become the largest IPO by an Indian IT services company, surpassing the previous record held by TCS, which raised Rs 4,713 crore in its 2004 IPO

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