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Hexaware Partners with AWS to Launch AI-Powered SDLC Solutions via RapidX and Kiro
Hexaware Technologies has expanded its collaboration with Amazon Web Services (AWS) to integrate AI into the software development lifecycle (SDLC). The company is leveraging its proprietary platforms, RapidX® and Kiro, to help enterprises move from prototypes to production-ready code faster. This initiative aims to improve developer productivity and modernize legacy applications using Amazon Bedrock for secure, private LLM options. The partnership is part of a broader Strategic Collaboration Agreement to accelerate cloud and AI-led transformation for global clients.
Key Highlights
Expanded collaboration with AWS to deliver AI-enabled SDLC capabilities globally.
Utilization of RapidX® and Kiro platforms to automate requirements gathering, coding, and testing.
Integration with Amazon Bedrock to provide enterprise-grade security and private LLM options.
Focus on reducing time-to-market and modernizing legacy applications for enterprise clients.
💼 Action for Investors
This move strengthens Hexaware's positioning in the AI-led digital transformation space. Investors should monitor how this partnership translates into new contract wins and improved delivery margins.
Hexaware Appoints Alok Misra as Independent Director; Shantanu Baruah to Lead North America Hunting
Hexaware Technologies has announced a strategic refresh of its Board and Senior Management team. Mr. Alok Chandra Misra, a veteran finance professional and former Group CFO of WNS and MphasiS, joins as an Independent Director for a three-year term. Concurrently, Mr. Vivek Sharma has resigned from the Board due to other professional commitments. Additionally, the company has tasked Shantanu Baruah, President of Healthcare & Insurance, with the critical role of North America Hunting Head to accelerate regional growth.
Key Highlights
Appointment of Alok Chandra Misra as Independent Director for a 3-year term effective February 23, 2026.
Alok Misra brings high-level expertise from previous roles as Group CFO at WNS and MphasiS and Operating Partner at General Atlantic.
Shantanu Baruah, with 25+ years of industry experience, appointed as North America Hunting Head to drive new business acquisition.
Resignation of Vivek Sharma as Independent Director effective close of business on February 23, 2026.
Reconstitution of five major Board committees including Audit, Risk Management, and Cybersecurity.
💼 Action for Investors
Investors should view the addition of a seasoned finance professional to the board as a positive for governance and strategic oversight. Monitor the company's upcoming quarterly results for any early signs of improved deal wins in North America following the management change.
Hexaware Appoints Alok Misra as Independent Director; Shantanu Baruah to Lead North America Hunting
Hexaware Technologies has announced a strategic board reshuffle, appointing Alok Chandra Misra, a former CFO of WNS and MphasiS, as an Independent Director for a three-year term. Simultaneously, Vivek Sharma has resigned as an Independent Director due to other professional commitments. The company has also expanded the role of Shantanu Baruah, President of the Healthcare & Insurance vertical, to include the strategic position of North America – Hunting Head. These changes are aimed at strengthening corporate governance and driving aggressive growth in the critical North American market.
Key Highlights
Mr. Alok Chandra Misra appointed as Independent Director for a 3-year term effective February 23, 2026.
Mr. Misra brings deep industry expertise as former Group CFO of WNS and MphasiS and Operating Partner at General Atlantic.
Mr. Shantanu Baruah, with 25+ years of experience, takes on the additional role of North America – Hunting Head to drive new client acquisitions.
Mr. Vivek Sharma resigned as Independent Director and ceased membership in Stakeholders Relationship and CSR committees.
Board committees including Audit, Risk Management, and Cybersecurity have been reconstituted to include the new appointee.
💼 Action for Investors
Investors should view the addition of a seasoned finance professional to the board and the focus on North American sales leadership as positive steps for governance and growth. Monitor the company's upcoming quarterly results for signs of improved deal wins in the North American geography.
Hexaware Appoints Alok Misra as Independent Director; Shantanu Baruah to Lead North America Hunting
Hexaware Technologies has appointed Alok Chandra Misra, a former Group CFO of WNS and MphasiS, as an Independent Director for a three-year term effective February 23, 2026. This appointment follows the resignation of Vivek Sharma from the board due to other professional commitments. Additionally, the company has expanded the role of Shantanu Baruah, President of Healthcare & Insurance, to include the position of North America Hunting Head. These changes are aimed at strengthening corporate governance and driving aggressive growth in the North American market.
Key Highlights
Appointment of Alok Chandra Misra as Independent Director for a 3-year term ending February 2029.
Alok Misra brings significant expertise as the former Operating Partner at General Atlantic and CFO of WNS Group.
Shantanu Baruah assigned additional responsibility as North America Hunting Head to accelerate new client acquisition.
Resignation of Vivek Sharma as Independent Director effective close of business on February 23, 2026.
Reconstitution of five board committees including Audit, Risk Management, and Cybersecurity to include the new director.
💼 Action for Investors
Investors should view the induction of a high-caliber finance professional to the board as a positive step for governance and oversight. Monitor if the new leadership focus in North America translates into improved deal wins in the coming quarters.
Hexaware Partners with Replit to Launch RapidX AI Integration and New Chennai CoE
Hexaware Technologies has expanded its strategic partnership with Replit to integrate its RapidX agentic AI platform with Replit's software creation tools. This collaboration allows enterprises to move from prototyping to production-ready applications using natural language, targeting both new builds and modernization projects. As part of the initiative, Hexaware has established a dedicated AI Center of Excellence (CoE) in Chennai and launched specialized 'Replit squads' for client delivery. The partnership leverages Replit's global reach of over 500,000 business users to drive AI-assisted software development at scale.
Key Highlights
Integration of Hexaware’s RapidX platform with Replit for natural-language-driven software production.
Establishment of a new Center of Excellence (CoE) for AI in the Software Development Life Cycle in Chennai.
Launch of dedicated 'Replit squads' to facilitate AI-assisted delivery and engineering practices.
Replit brings a global user base of over 500,000 business users to the partnership ecosystem.
Early engagements demonstrated impact in pharmaceutical commerce simulations and accelerated prototyping.
💼 Action for Investors
Investors should monitor the adoption of the RapidX platform and its impact on Hexaware's digital service margins. This partnership strengthens the company's positioning in the high-growth AI-driven software engineering market.
Hexaware Partners with CareInsight for AI-Driven Healthcare Transformation
Hexaware Technologies has announced a strategic partnership with CareInsight, an AI-native healthcare technology firm, to deploy production-grade AI solutions at scale. The collaboration integrates CareInsight's specialized platforms, including careassistant.ai™ and health3d.ai™, into Hexaware's healthcare service offerings. This move targets the healthcare payer and provider markets, focusing on reducing administrative burdens and improving operational coordination through AI. The partnership aims to transition clients from experimental AI pilots to enterprise-wide deployment, enhancing Hexaware's competitive edge in the healthcare IT vertical.
Key Highlights
Strategic partnership with CareInsight to deliver AI-native platforms for healthcare payers and providers.
Integration of CareInsight’s AI tools including careassistant.ai™, carewallet.ai™, voice assist, and health3d.ai™.
Focus on production-grade AI deployment to move beyond isolated use cases to enterprise-scale workflows.
Aims to deliver measurable improvements in operational efficiency, care quality, and financial performance for clients.
💼 Action for Investors
Investors should monitor Hexaware's healthcare vertical growth as this partnership strengthens its AI capabilities in a high-demand sector. Watch for upcoming quarterly results to see if this collaboration leads to increased deal wins or improved margins in the healthcare segment.
Hexaware Launches 'Zero License' to Replace SaaS with Agentic AI and Reduce Costs
Hexaware Technologies has launched 'Zero License,' a new enterprise offering designed to replace complex SaaS workflows with Agentic AI. The solution aims to significantly reduce software license costs and eliminate manual effort by using AI agents as the primary execution layer over existing systems. This strategic move targets high-growth sectors like Banking, Healthcare, and Insurance, where workflow automation is critical. By focusing on outcomes rather than just tools, Hexaware expects to help clients simplify their technology stacks and achieve ROI within months.
Key Highlights
Launch of 'Zero License' to transition enterprises from SaaS-heavy stacks to Agentic AI execution in months.
Aims to eliminate 'zombie licenses' and reduce integration overhead for global enterprises.
Targeted applications include KYC in Banking, claims processing in Insurance, and member workflows in Healthcare.
The offering positions AI as the 'system of action' while maintaining existing platforms as 'systems of record.'
Focuses on reducing software license spend and accelerating cycle times through automated execution.
💼 Action for Investors
Investors should monitor the adoption rate of this AI-led framework as it could drive higher-margin service revenue. Watch for specific client win announcements in the Banking and Healthcare verticals as proof of concept.
Hexaware Launches 'Zero License' to Replace SaaS with Agentic AI
Hexaware Technologies has introduced 'Zero License,' a strategic offering designed to replace complex SaaS workflows with Agentic AI. The solution aims to help enterprises reduce software license costs and eliminate manual effort by shifting from managing tools to executing outcomes. By positioning AI agents as the primary execution layer, Hexaware targets significant reductions in 'zombie licenses' and integration overhead within months. This launch focuses on high-growth sectors like BFSI, Healthcare, and Manufacturing, potentially enhancing the company's service margins.
Key Highlights
New 'Zero License' offering aims to replace SaaS stacks with AI in months, not years.
Targets reduction in software license costs by eliminating zombie licenses and shelfware.
Focuses on automating workflows in Healthcare, Insurance, Banking, and Manufacturing.
Positions AI agents as the primary execution layer over existing systems of record.
💼 Action for Investors
Investors should watch for contract wins related to this AI offering as it represents a shift toward higher-value consulting. Success in this segment could improve Hexaware's competitive positioning against larger IT peers.
Hexaware Reports CY25 Revenue Growth of 12.2% to ₹13,430 Cr; Guides for Stronger CY26
Hexaware Technologies reported a steady performance for CY25 with revenue reaching USD 1,537.4 million, a 7.6% YoY growth in USD terms. While Q4CY25 saw a slight sequential dip in revenue of 1.5% QoQ, the full-year EBITDA margin improved by 122 bps to 17.1%. The company has provided an optimistic outlook for CY26, expecting revenue growth to exceed the 7.6% achieved in CY25. However, management cautioned that Q1CY26 will be seasonally weak with lower EBIT margins due to large deal ramp-ups.
Key Highlights
Full-year CY25 revenue grew 12.2% YoY to INR 1,34,304 Mn, while USD revenue reached $1,537.4 Mn.
EBITDA margin for CY25 expanded by 122 bps to 17.1%, although Q4 margin dipped slightly to 17.0%.
Net profit for CY25 stood at USD 157 Mn, representing a 12.1% YoY growth compared to CY24.
Client concentration improved with 4 customers now in the $50Mn+ category versus 3 in the previous year.
Management guides for CY26 revenue growth to be higher than CY25, targeting an EBIT margin of 13.0% to 14.0%.
💼 Action for Investors
Investors should monitor the execution of large deal wins in H1 CY26, as management expects these to drive stronger growth in the second half of the year. The stock remains a watch for its AI-driven service expansion and improving demand environment in Banking and Healthcare verticals.
Hexaware Technologies Approves FY25 Audited Results; Subsidiary Revenue Reaches Rs 39,449 Million
Hexaware Technologies has approved its audited financial results for the quarter and full year ended December 31, 2025. The company received an unmodified audit opinion from B S R & Co. LLP, confirming the reliability of the financial statements. Data from 23 subsidiaries shows a combined annual revenue of Rs 39,449 million and a net profit of Rs 1,666 million. The board also updated its internal insider trading code to align with the latest SEBI regulatory requirements.
Key Highlights
Approved audited consolidated financial results for the fiscal year ended December 31, 2025.
Combined revenue from 23 subsidiaries stood at Rs 39,449 million for the year.
Subsidiaries contributed a total net profit after tax of Rs 1,666 million.
Total assets for the subsidiary group were reported at Rs 27,190 million as of year-end.
Board approved amendments to the Securities Dealing Code under SEBI Insider Trading Regulations, 2025.
💼 Action for Investors
Investors should examine the full consolidated report to compare year-on-year growth and margin performance against industry peers. The clean audit report is a positive sign for corporate governance.
Hexaware Appoints Amit Vij as Chief Private Markets Officer to Drive Global PE Growth
Hexaware Technologies has appointed Amit Vij as Chief Private Markets Officer to lead its strategy across Private Equity, Infrastructure, and Real Estate ecosystems. Vij brings over 20 years of experience, including a background in investment banking at Deutsche Bank and leadership roles in KPO ventures sold to Moody's. This strategic hire is aimed at leveraging AI-driven technology interventions to drive value creation for global portfolio companies. The appointment signals Hexaware's intent to deepen its footprint in the high-growth private markets vertical.
Key Highlights
Amit Vij appointed as Chief Private Markets Officer with over 20 years of industry experience
Recognized among the Top 25 Private Equity Consultants and Leaders for 2025
Focuses on a broad ecosystem including Private Equity, Infrastructure, Private Debt, and Real Estate
Vij previously served as a fighter pilot in the Indian Air Force and holds an MBA from INSEAD
Strategic move to enhance technology and AI-driven outcomes for global fund portfolios
💼 Action for Investors
Investors should view this as a positive step towards vertical specialization; monitor the company's ability to secure large-scale digital transformation contracts from private equity portfolios.
Hexaware Named 2nd Fastest-Growing Indian IT Brand; Brand Value Up 140% Since 2021
Hexaware Technologies has been recognized as the second-fastest-growing Indian IT services brand in the Brand Finance 'IT Services 25 2026' report. The company's brand value has surged by approximately 140% since 2021, positioning it to potentially cross the USD 1 billion valuation mark within the next couple of years. It currently holds an AA+ brand strength rating, ranking 7th among Indian peers and 14th globally. This growth is attributed to the company's AI-first strategy and its ability to create consistent customer value at scale.
Key Highlights
Ranked as the 2nd fastest-growing Indian IT services brand by brand value in 2026.
Brand value has increased by approximately 140% since 2021, nearing the USD 1 billion mark.
Achieved an AA+ brand strength rating following a 12-point improvement in brand strength metrics.
Ranked 14th globally and 7th among Indian IT services brands for overall brand strength.
The recognition highlights the success of Hexaware's AI-led innovation and people-centric culture.
💼 Action for Investors
Investors should view this as a positive indicator of Hexaware's increasing market competitiveness and potential for higher-value deal wins. Monitor if this enhanced brand equity translates into improved revenue growth and market share gains in the coming quarters.
Hexaware Announces Resignation of Chinmoy Banerjee, Global Head of Banking & North America Hunting
Hexaware Technologies has announced the resignation of Mr. Chinmoy Banerjee, a key member of the senior management team. He served as the President and Global Head of Banking and led the North America Hunting Team, which are critical growth areas for the company. His resignation is effective from the close of business hours on January 26, 2026. The company stated that Mr. Banerjee is leaving to pursue other career opportunities, and no other reasons were cited for his departure.
Key Highlights
Mr. Chinmoy Banerjee resigned as President & Global Head of Banking and North America Hunting Team.
The resignation is effective from the close of business hours on January 26, 2026.
The departure involves leadership of the North America Hunting Team, a vital segment for client acquisition.
The formal resignation was submitted on January 20, 2026, citing other career opportunities.
💼 Action for Investors
Investors should monitor the company's plan for leadership succession in the Banking vertical and North American sales. Watch for any potential disruption in deal pipelines or client relationships in these key segments during the transition.
Hexaware to Merge US Subsidiaries Mobiquity Inc and Mobiquity Velocity Solutions
Hexaware Technologies has received regulatory approval from the New Jersey Division of Revenue to merge its wholly owned step-down subsidiaries, Mobiquity Inc and Mobiquity Velocity Solutions Inc, into Hexaware Technologies Inc. The merger is effective from January 01, 2026, and is designed to streamline the group's technology-enabled services under a single entity. Mobiquity Inc brings a turnover of USD 40.08 million to the merged entity, while Mobiquity Velocity Solutions reported nil turnover. Since the entities are wholly owned, there is no cash consideration or change in the parent company's shareholding pattern.
Key Highlights
Merger of Mobiquity Inc and Mobiquity Velocity Solutions Inc into Hexaware Technologies Inc approved.
Mobiquity Inc reported a turnover of USD 40,087,700 (approx. INR 335 crore).
The merger is effective from January 01, 2026, to consolidate complementary technology services.
Zero cash consideration involved as the transferor companies are 100% step-down subsidiaries.
Aims to optimize management control and reduce administrative overheads in the US market.
💼 Action for Investors
This is a positive internal restructuring aimed at operational efficiency and cost optimization. Investors should maintain their positions as this does not dilute equity or change the consolidated financial health of the company.
Hexaware Files Lawsuit Against Client in US Court After Mediation Fails
Hexaware Technologies has initiated formal legal proceedings against a client in the United States District Court for the Southern District of New York. This follows unsuccessful mediation attempts previously disclosed on October 24 and November 11, 2025. The shift from mediation to litigation suggests a significant disagreement regarding contractual obligations or payments. Investors should monitor the potential impact on receivables and legal expenditure in upcoming quarters.
Key Highlights
Mediation process with the client failed to reach a settlement agreement
Formal complaint filed in the US District Court for the Southern District of New York (SDYN)
Follows previous material event disclosures made in October and November 2025
Legal action indicates an escalation in the company's efforts to resolve the dispute
💼 Action for Investors
Investors should watch for disclosures regarding the financial magnitude of the claim and any potential provisions for bad debts. Monitor the impact on the company's US-based revenue and legal cost margins.
Hexaware to Merge Two Wholly-Owned Subsidiaries; Reconstitutes NRC
Hexaware Technologies has approved the merger of its two wholly-owned subsidiaries, Softcrylic Technology Solutions and Mobiquity Softech, into the parent company. The combined turnover of these subsidiaries for the nine months ended September 30, 2025, was approximately ₹153.33 crore. As these are 100% owned subsidiaries, the merger involves no cash consideration or change in the shareholding pattern of the listed entity. Additionally, the company has reconstituted its Nomination and Remuneration Committee, appointing Mr. Kapil Modi as a member.
Key Highlights
Merger of Softcrylic Technology (₹38.35 Cr turnover) and Mobiquity Softech (₹114.98 Cr turnover) into Hexaware.
Hexaware's standalone turnover for the 9-month period ended Sep 2025 was ₹5,529.2 Crore.
No cash consideration or share issuance involved as the entities are 100% wholly-owned subsidiaries.
The merger aims to consolidate complementary technology services and streamline management under one entity.
Nomination and Remuneration Committee reconstituted with Mr. Kapil Modi replacing Mr. Neeraj Bharadwaj.
💼 Action for Investors
This is a positive internal restructuring aimed at operational efficiency and cost optimization. Investors should note that there is no equity dilution, and the move simplifies the corporate structure.
Hexaware to Merge Wholly-Owned Subsidiaries Softcrylic and Mobiquity Softech
Hexaware Technologies has approved the merger of its two wholly-owned subsidiaries, Softcrylic Technology Solutions and Mobiquity Softech, into the parent company. Softcrylic and Mobiquity reported turnovers of ₹38.35 crore and ₹114.98 crore respectively for the nine months ended September 2025. The merger is designed to consolidate complementary technology services and streamline the corporate structure. As these are 100% subsidiaries, no cash consideration or change in the parent's shareholding pattern will occur.
Key Highlights
Merger of Softcrylic (₹38.35 Cr 9M turnover) and Mobiquity (₹114.98 Cr 9M turnover) into Hexaware.
Hexaware standalone turnover for 9M FY25 stands at ₹5,529.2 crore with a net worth of ₹3,447.20 crore.
No cash consideration or share issuance involved as both entities are 100% owned by Hexaware.
The consolidation aims to achieve operational synergies and management efficiency across IT services.
Board reconstituted the Nomination and Remuneration Committee, appointing Mr. Kapil Modi as a member.
💼 Action for Investors
Investors should view this as a positive move toward operational efficiency and simplified corporate governance. There is no dilution of equity, and the integration of these specialized units may improve long-term margins.
Hexaware Appoints Raghu Mocherla as SVP to Lead Connected AI and Cyber-Physical Systems
Hexaware Technologies has appointed Raghu Mocherla as Senior Vice President – Digital & Software to lead its Cyber-Physical Software and Systems portfolio. Mocherla brings over 25 years of experience in technology services, having previously served as Industry Head and P&L leader for Capgemini's ER&D business in the Americas. His focus will be on driving strategy and growth in AI-driven innovation, software solutions, and connected digital threads across industrial and manufacturing sectors. This appointment is a strategic move to strengthen Hexaware's capabilities in the high-growth AI and edge computing markets.
Key Highlights
Raghu Mocherla joins as SVP – Digital & Software with over 25 years of industry experience.
Previously led Capgemini’s ER&D business line in the Americas, focusing on automotive and aerospace sectors.
Will lead the Cyber-Physical Software and Systems portfolio to drive AI-first digital transformation.
Strategic focus on unlocking potential in connected AI at the edge and AI systems engineering.
The appointment aims to scale Hexaware's Digital & Software (D&S) business unit globally.
💼 Action for Investors
Investors should monitor the growth of Hexaware's Digital & Software segment as this leadership hire signals a push into high-margin AI and industrial engineering services. This move strengthens the company's competitive positioning in the evolving cyber-physical technology landscape.