Hexaware Technologies Ltd Share Price

(HEXT)

Hexaware Technologies Limited is a leading global provider of IT and BPO services. The company provides services to clients in Banking Financial Services Capital Markets Healthcare Insurance Manufacturing Retail Education Telecom Professional services Tax Audit Accounting and Legal Travel Transportation and Logistics verticals. Hexaware delivers highly differentiated services in Rapid Application prototyping development and deployment Build Migrate and Run cloud solutions Automationbased Application support Enterprise Solutions for digitizing the backoffice Customer Experience Transformation Business Intelligence Analytics Digital Assurance Testing Infrastructure Management Services and Business Process Services.Hexaware Technologies Limited was incorporated in 20th November of the year 1992 as a public limited Company under the name Aptech Information Systems Ltd. During the year 1993 the company added two new product lines called ARENA for training in computer Graphics Animation Publishing Multimedia and ASSET for Training engineers for software Export careers. As per the scheme of Arrangement Reconstruction between Apple Finance Ltd and the company the erstwhile Information Technology division of Apple Finance Ltd was transferred to the company with effect from 1st July of the year 1995. In the same year 1995 Hexaware started its operations in North America and Europe. The Company entered into a tieup agreement with M/s. Forte Inc. USA to distribute the range of Fortes products in India to provide systems Integrated Services to the clients all over Asia. The name of the Company was changed to Aptech Ltd from Aptech Information System Ltd effective from 5th August of the year 1996. During the year 1997 the company established an Airlines Practice and won the first client for Airlines Practice Air Canada in the same period. Development centers of the company were established at Mumbai and Chennai with an overseas branch at Princeton during the year of 1998. Also in the same year overseas operations in the US expand to Chicago Pleasanton in the USA and Montreal in Canada Shifted in focus to a more broad service spectrum that included Enterprise Application Integration Application Management and key areas within eCommerce and Partnerships established with global technology giants like IBM BEA Systems Vitria Constellar help Hexaware deliver a suite of innovative technology solutions business platforms and tools to clients enhancing their profitability. The Company entered into collaboration with TACK Training International UK to offer TACKs training services to the Indian corporate peoples in the year 1998. Established the Insurance Practice in the year 1999 and achieved the SEI CMM Level 4 assessment in the identical year for ODCs. After a year in 2000 the companys ODCs assessed at SEI CMM Level 5 and also Hexaware made a partnership with PeopleSoft in India it was a major milestone in the partnership. During the year 2001 merged with the software division of Aptech leaders in software training and development. This merged entity later demerged from the training arm and is now called Hexaware Technologies Limited forming one of the largest highend software companies in India and Hexaware goes public in January of the year 2001. The Company had sets up Design Lab for Embedded Systems Practice in July of the year 2002. Hexaware launched BPO practice in late 2002 and also in the same year partnership with PeopleSoft in the ASEAN region. The name of the company was changed from Aptech Ltd to Hexaware Technologies Ltd in the year 2002. During the year 2003 Hexaware signed up with Temenos a leading banking solutions provider in January. Won the partnership engagement for setting up and managing PeopleSoft India Service Center in Bangalore and also in the identical year the Rational Center for Excellence was inaugurated. Hexaware opened a new office and proximity center in Germany in the year 2004. The Company achieved BS 7799 certification for Information Security. During the same year 2004 Hexaware launched SAP Practice won first major SAP Implementation project and also launched Oracle Practice consolidating as a global provider of Enterprise Solutions. A dedicated Business Intelligence / Data Warehousing Lab was set up in Chennai. The Company ranked 11th in NASSCOM Top 20 in the year 2005 and in the same year Hexaware opened office in Japan. In 2006 Hexaware selected Fluensee as Partner for RFIDEnabled Asset Tracking Solutions and in the same year 2006 the company acquired FocusFrame a US based specialized testing consulting firm. The Company expanded its physical presence and commenced work in Siruseri Chennai. As of June 2007 Hexaware selected by a major System Integrator in Japan to develop a core bespoke application for the IT modernization of the Postal department of a South East Asian country. Hexaware launched a joint venture Risk Technology International Limited in 2007 where the company owns 85 stake. During October 2007 Hexaware bagged a contract worth Euro 5 million from a leading German financial institution. In November of the year 2007 the company inaugurated its second development center in Saltillo Mexico. Hexaware arm RiskTech bagged three new contracts in July of the year 2008 a subsidiary and a leading provider of enterprise risk management and risk technology services has won three new consulting and implementation contracts in UK and Middle East. The Company entered into an agreement with General Atlantic. According to the agreement the latter would invest USD 67.6 million through a preferential allotment. The company plans to utilize the proceeds of the allotment for creating infrastructure assets enabling suitable acquisitions and meeting working capital needs of the company. This will facilitate the company in sustaining growth in the long term and also help it in realizing new growth opportunities in USA.In 2008 Hexaware Technologies launched remote infrastructure management services. During the year the companys green campus at Siruseri Chennai went live. In 2010 Hexaware Technologies expanded its reach to 20 countries across the globe. During the year company established a global delivery centre in Bengaluru. During the year the company signed its first USD 100 million contract. In 2011 Hexaware Technologies won its largest contract till date valued at USD 250 million. In 2012 Hexaware Technologies bagged a multimilliondollar multiyear contract in the financial sector domain in Europe. During the year the company expanded its facilities at all its major Global Delivery Centers located at Chennai Mumbai Pune and Bengaluru. During the year the company launched several offerings through SaaS model leveraging cloud solutions mobile testing solutions and a new service offering in enterprise mobility.

Share Price: ₹817.40 per share as on 21 Feb, 2025 04:02 PM
Market Capitalisation: ₹48,500.11Cr as of today
Revenue: ₹2,616.00Cr as on December 2023 (Q4 23)
Net Profit: ₹192.80Cr as on December 2023 (Q4 23)
Listing date: 14 Jun, 2002
Chairperson Name: Atul K Nishar