Summary

Hexaware Technologies Limited is a successful company that works with many different industries around the world. The company has offered many technology products services and solutions. Some of the services offered are outsourcing cloud computing analytics and artificial intelligence digital IT services software development and enterprise platforms.

Company Overview 

Hexaware Technologies Limited is a successful company that works with many different industries around the world. The company has offered many technology products  services  and solutions. Some of the services offered are outsourcing  cloud computing  analytics and artificial intelligence  digital IT services  software development  and enterprise platforms. Hexaware focuses on many different areas such as education  banking  transportation  healthcare  telecommunication  retail  financial  and manufacturing industries. The organization collaborates with different companies like Solomon Software  Socotra Tech Services  Guidewire Software  and Duck Creek Technologies  as well as Adobe  Salesforce  Amazon Web Services  Microsoft  SAP  Oracle  and ServiceNow. Based in Mumbai  Maharashtra  India  Hexaware operates in three areas: Asia Pacific  Europe  and the Americas. Hexaware Technologies Limited was established on November 20  1992 in Navi Mumbai  Maharashtra  India. It is a public business that is not listed on the stock exchange. The company is really good at software development  business process management  and information technology consulting. It costs 60 Indian Rupees. The company has 75 crores in paid-up capital and INR 261. The company has authorized capital of 31 crores. By 2024, the company hopes to have grown its staff significantly, hiring between 6,000 and 8,000 people worldwide in countries including India, the US, Canada, Mexico, Poland, and the UK. Hexaware's dedication to growing its business in response to market demands is shown in its hiring strategy.

Business model

Hexaware Technologies runs a complex business that focuses on providing IT and business process services to many different industries. Here is a quick summary of its main parts: 

Services provided 

Hexaware specializes in assisting businesses move to digital platforms by offering services such as cloud migration  data analytics  and application modernization. The platforms they made  like Amaze® for cloud automation and Tensai® for AI-driven automation  help make this change easier. 

Business Process Outsourcing (BPO): The company offers a wide range of BPO services  such as customer support  back-office tasks  and improving processes to make operations more efficient and save money. 

Hexaware customizes its services for different industries such as banking  healthcare  insurance  and manufacturing. This expertise helps them solve specific problems in the industry and make their clients' results better. 

Method of operation 

The company focuses on putting customers first by making sure they understand what customers want and providing personalized solutions that are valuable. This method helps build strong relationships over time and makes customers even happier. Hexaware works together with top technology companies such as Oracle  SAP  and AWS to include the latest technologies in the services they provide.

Creating income Generating revenue 

Hexaware makes money by using a mix of fixed-price contracts and time-and-materials engagements. This helps them set prices in different ways and make sure they provide good service all the time. The company has seen a big increase in business lately  mainly because more people want digital solutions. 

Improving skills and training for employees 

Hexaware is dedicated to training and developing its employees so they can stay up-to-date with new technology and what customers want. This investment will improve the quality of service and help keep employees on board.

how does it operates in different technologies ?

Core Technologies and Platforms

Amaze Platform:

This platform automates the cloud journey, facilitating strategic and cost-efficient cloud adoption and modernization. It enhances digital transformation by streamlining processes and reducing operational costs.

RapidX : 

It uses the latest technologies to help businesses improve their processes and quickly adapt to market changes  all in order to innovate faster. Hexaware uses advanced technologies to improve processes in areas such as asset management  mortgages  and payments in banking and financial services. They ensure efficiency and compliance with legal regulations. In healthcare  automation and artificial intelligence (AI) are used to make it easier for patients to get care  manage finances  and process insurance claims for both insurance companies and healthcare providers. Hexaware provides customized solutions for the technology industry. They help with designing products and making them better for users by using flexible platforms.

Industry Research

The IT and BPM sector is a major factor that helps India's economy grow. It also plays a big role in boosting the country's GDP and overall welfare. In the fiscal year 2023  the IT industry made up 7 percent of the total contribution. In 2025  it is expected that the tourism industry in India will contribute 10% to the country's GDP  up from the current 5%. India is prepared for the next phase of its IT revolution as advanced digital applications become more common in various industries. India is known worldwide for having a large number of Internet users  with 76 crore people currently connected to the Internet. Additionally  India is also recognized for having some of the lowest Internet rates compared to other countries. The main focus right now is on creating economic value and empowering citizens through the Digital India Programme  which has improved digital infrastructure and access for everyone. India is among the countries adopting digital technology at a fast rate. This was achieved by a combination of government initiatives  business creativity and funding  and new digital tools that are already enhancing and spreading across various tasks and jobs  making a positive difference in people's daily lives.  India moved up six spots to reach the 40th position in the 2022 Global Innovation Index (GII). IT spending in India is expected to increase by 11%  which is a double-digit growth. In 2024  the percentage is expected to be 1%  reaching a total of US$ 138. The amount increased to 6 billion from 124 US dollars. 7 billion dollars were earned last year. In 2023  the Indian IT and Business Services market was worth $14 billion. 5 billion and achieved a 6. There was a 1% increase this year compared to last year  which had a 7% growth. In 2022  the International Data Corporation (IDC) predicts a 4% increase  as stated in the Worldwide Semi-annual Services Tracker. The slower growth rate is because Indian businesses are being careful with how much they spend on IT because the overall economy is uncertain.

IDC divides the IT & Business Services market into three main categories: Project-Oriented  Managed Services  and Support Services. In 2023  project-based services saw the biggest increase in growth  reaching 6%. In second place is managed services at 5%  after that is 8%. Support services received an 8% increase  bringing the total to 5%. Two percent and two percent  in that order.

  Average Spend per Employee by Segment

Promoters of the company

Most of the main people behind Hexaware Technologies have links to a global private equity company called Carlyle Group. Baring Private Equity Asia  which became the biggest shareholder in 2013 by purchasing a large portion  recently sold 95% of its stake. Carlyle will buy a 51% share in Hexaware Technologies in 2021.

Shareholding pattern

Promoter ownership: 95%. CA Magnum Holdings  which is part of the Carlyle Group  owns 03% of the company's shares.

Public ownership of shares:

The rest of the shares  about 4 percent  are owned by public investors. 97 percent.

Background history

Before 2020  Hexaware was on the stock exchanges. Baring Private Equity Asia  who owned the most shares in Hexaware before Carlyle took over  sold a big part of the company to the Carlyle Group. Hexaware Technologies has applied for a Rs 9 950 crore IPO in the future. The IPO will be sold by CA Magnum Holdings. Instead of the company getting the money  the person selling their shares will receive the profits from this first sale of stock to the public.

Funding related news

The development of artificial intelligence and big data is still increasing. Data analysis and storing information on the internet. Big data and artificial intelligence are crucial for future expansion. Internet security and privacy are now more important than ever because everything is moving online. This has made people worry more about things like cyber attacks.There is a growing need for IT services from businesses in all areas  especially for cloud services. The services offered have the potential to make a lot of money for the company in the future  since they are already working in that area. In 2026  Marketline predicts that the Indian IT services industry will be worth around $45. Four billion  a rise of fifty. The industry is expected to grow by an average of 8% each year from 2021 to 2026. 5 percent. Expansion will be pushed by more things being done digitally and people wanting better digital services. 

"Infrastructure" can be defined as the basic physical and organizational structures and facilities needed for the operation of a society  such as buildings  roads  power supplies  and communication systems. Furthermore  the increasing trend of remote and distance work will continue to increase demand for. 

The market is improving by putting more money into digital services and infrastructure. On October 23  2021  CA magnum holdings acquired Hexaware Technologies Limited. HT Global Holdings B is a company involved in various business activities. Sure  I can help with that. Just provide me with the text you would like me to paraphrase. HT Global IT Solutions Holdings Limited and CA Magnum Holdings bought 28 80 68 041 shares from the company's previous owners. CA Magnum purchased approximately 95. 51% ownership of Hexaware Technologies was purchased for $3 billion. On September 16  2020  HT Global IT Solutions Holdings Limited bought 29 more. A group of shareholders sold a small part of their ownership in Hexaware Technologies Limited for 41 Indian Rupees. Five billion. On November 8  2013  HT Global IT Solutions Holdings Limited bought a 20 percent stake. Buying 28% of Hexaware Technologies Limited costs 8 Indian Rupees. $2 billion in money. The deal includes 60. 5 million shares were submitted. On October 11  2013  Elder Venture LLP  Elder Infosystem Private Limited  and GA Global Investments Ltd. They sold their 41. Baring Private Equity Asia has acquired an 88% ownership in Hexaware Technologies Limited through its fund  Baring Asia Private Equity Fund V. Sure  I can help with that! Just provide me with the text you would like me to paraphrase. "And the Canada Pension Plan Investment Board."

Peer comparison

Financials 

Balance sheet 

Assets

Hexaware Technologies is getting ready to go public by offering shares for the first time. They are aiming for a value between $5 billion and $6 billion. This means their IPO is expected to be worth around ₹41 750 crore to ₹50 100 crore. They have filed for an IPO of ₹9 950 crore with the Securities and Exchange Board of India (SEBI).

Conclusion

Overall  the Union Budget for 2023-24 has set aside a significant amount of Rs. Ninety-seven thousand five hundred seventy-nine. India has shown its dedication to supporting a strong technology environment by allocating Rs. 05 crore for the IT and telecom sector. This is a big chance for Hexaware Technologies to take advantage of the increasing number of tech start-ups and offer new and creative services. Hexaware needs to keep standing out by offering top-notch solutions and great service  especially with more competition coming from countries like China  Vietnam  and the Philippines in the global outsourcing market. 

As companies start using new technologies like mobile devices  IoT  and cloud computing  they are more at risk of being targeted by advanced cyber attacks. Hexaware plays an important role in dealing with security challenges by offering complete cybersecurity solutions and strong frameworks that defend against ransomware  malware  and data breaches. Hexaware is seen as a top player in technology and cybersecurity. This helps them stay ahead in the competition and make sure their clients are safe and successful in the constantly changing digital world.