Latest news with #HexawareTechnologies
Economic Times
4 days ago
- Business
- Economic Times
Hexaware Tech to use South Africa as base to offer AI-led solutions across African continent
Agencies India-based IT solutions provider Hexaware Technologies on Friday opened its South African office to offer AI-led, human intelligence-perfected solutions to businesses across the African continent. "South Africa has always been a pivotal point when we talk about IT transformation as a headquarters for Indian companies. All the big (Indian) entities like Tata Communication Services and Mahindra have their African headquarters in South Africa. That is one of the main reasons for us doing so as well," said Vishal Narayan Sinha, Business Head - Africa, Hexaware, at the launch of the office in the economic hub of Sandton in Johannesburg. Sinha said that previously, Hexaware had been concentrating on North America. "We have captured that market and done well in it. So, we started strategic expansion in the past five years, with 2025 headlined as the year in which we open our Africa business, as we are doing here today," Sinha added."We used to operate and help our South African customers, such as Virgin Active, Santam and Standard Bank, out of our UK base. Now, we have taken a strategic step to be in this market." Sinha said Hexaware already had substantial business in Mauritius and is also planning to expand its business to Nigeria in West Africa and Kenya in East Africa, but the focus is on South Africa as a base for that too."We are also hiring local talents in order to expand our business. In terms of employment and training, we will train people in AI to ramp up and change the business over a period of time in this rapidly developing area. About 99 per cent of the workforce of about 36,000 is AI trained, out of which 10,000 are Level 1 trained, including the leadership," Sinha Singh, President & Head - EMEA & APAC, Hexaware, confirmed the company's objective of taking AI into the African new Johannesburg office will serve as a regional hub, strengthening Hexaware's ability to support clients across Africa with its full portfolio of General of India in Johannesburg Mahesh Kumar was also present at the launch event."Hexaware's entry into South Africa is a strong endorsement of the deepening technology and economic partnership between India and Africa. We are confident this step will lead to greater innovation, employment opportunities, and knowledge exchange, and further strengthen bilateral relations rooted in shared growth and mutual respect," Kumar said. Hexaware is focused on nurturing local talent and enabling inclusive, sustainable development. The company plans to collaborate with South African universities, technical institutes, and innovation hubs to build a strong pipeline of skilled professionals in high-demand areas such as cloud, AI, and cybersecurity, Mehraz Parakh, Vice President & Head - Middle East & Africa, Hexaware, said. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. End of an era: The Maggi Man who rebuilt Nestlé India bows out In a flat market, are REITs the sweet spot between growth and safety? India's last cement IPO did not work. Can JSW Cement break that curse? The airport lounge war has begun — and DreamFolks is losing Stock Radar: APL Apollo Tubes stock fails to hold momentum after hitting highs in June; what should traders do? Multibagger or IBC - Part 18: This auto ancillary started with wheels. It now also powers wind & war Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus Transformation underway & no tariff threat: 6 large-caps power stocks with an upside potential of up to 36%
Time of India
4 days ago
- Business
- Time of India
Hexaware Tech to use South Africa as base to offer AI-led solutions across African continent
India-based IT solutions provider Hexaware Technologies on Friday opened its South African office to offer AI-led, human intelligence-perfected solutions to businesses across the African continent."South Africa has always been a pivotal point when we talk about IT transformation as a headquarters for Indian companies. All the big (Indian) entities like Tata Communication Services and Mahindra have their African headquarters in South Africa. That is one of the main reasons for us doing so as well," said Vishal Narayan Sinha, Business Head - Africa, Hexaware , at the launch of the office in the economic hub of Sandton in said that previously, Hexaware had been concentrating on North America."We have captured that market and done well in it. So, we started strategic expansion in the past five years, with 2025 headlined as the year in which we open our Africa business, as we are doing here today," Sinha added."We used to operate and help our South African customers, such as Virgin Active, Santam and Standard Bank, out of our UK base. Now, we have taken a strategic step to be in this market."Sinha said Hexaware already had substantial business in Mauritius and is also planning to expand its business to Nigeria in West Africa and Kenya in East Africa, but the focus is on South Africa as a base for that too."We are also hiring local talents in order to expand our business. In terms of employment and training, we will train people in AI to ramp up and change the business over a period of time in this rapidly developing area. About 99 per cent of the workforce of about 36,000 is AI trained, out of which 10,000 are Level 1 trained, including the leadership," Sinha Singh, President & Head - EMEA & APAC, Hexaware, confirmed the company's objective of taking AI into the African new Johannesburg office will serve as a regional hub, strengthening Hexaware's ability to support clients across Africa with its full portfolio of General of India in Johannesburg Mahesh Kumar was also present at the launch event."Hexaware's entry into South Africa is a strong endorsement of the deepening technology and economic partnership between India and Africa. We are confident this step will lead to greater innovation, employment opportunities, and knowledge exchange, and further strengthen bilateral relations rooted in shared growth and mutual respect," Kumar is focused on nurturing local talent and enabling inclusive, sustainable development. The company plans to collaborate with South African universities, technical institutes, and innovation hubs to build a strong pipeline of skilled professionals in high-demand areas such as cloud, AI, and cybersecurity, Mehraz Parakh, Vice President & Head - Middle East & Africa, Hexaware, said.
Business Standard
01-08-2025
- Business
- Business Standard
Hexaware Appoints Shantanu Baruah to Lead Healthcare, Life Sciences, and Insurance Globally
PRNewswire Iselin (New Jersey) [US], August 1: Hexaware Technologies (NSE: HEXT), a global IT solutions company, today announced the appointment of Shantanu Baruah as President & Global Head - Healthcare, Life Sciences & Insurance (H & I). He will be based out of the company's New Jersey office and will lead Hexaware's global strategy, growth, and client success initiatives across the vertical. With over 25 years of experience in the healthcare and life sciences industry, Shantanu brings deep domain expertise and a proven track record of building high-performing teams, driving strategic growth, and leading complex client transformations. Prior to joining Hexaware, he served as Executive Vice President at HCLTech, where he led the Healthcare vertical during one of the industry's most disruptive periods and played a pivotal role in expanding business in the Americas. At a time when AI is reshaping everything from drug discovery to diagnostics and preventive care, Shantanu's appointment underscores Hexaware's commitment to delivering real-world impact. With AI and data at the core, Hexaware is focused on helping clients enhance patient outcomes, accelerate innovation, and drive operational efficiencies -- critical pillars shaping the future of healthcare. R Srikrishna, CEO of Hexaware, said, "We're excited to have Shantanu join Hexaware at a time of exciting momentum in our Healthcare, Life Sciences, and Insurance business. His leadership and deep market knowledge will be instrumental in helping our clients navigate the next era of digital health, patient-centric care, and AI-powered innovation." Commenting on his appointment, Shantanu Baruah said, "I'm delighted to join Hexaware and lead the next phase of growth in the H & I vertical. The industry is at an inflection point, and Hexaware's agile culture, customer-first mindset, and AI-led and human intelligence perfected approach make it ideally positioned to partner with clients in delivering better outcomes." Shantanu holds a master's degree in computer applications and a bachelor's degree in zoology, a combination that brings both technical and scientific perspectives to his leadership. This appointment reflects Hexaware's continued focus on strengthening domain leadership and scaling vertical-centric growth to address the evolving needs of global clients. About Hexaware Hexaware is a global technology and business process services company. Every day, Hexawarians wake up with a singular purpose: to create smiles through great people and technology. With offices across the world, we empower enterprises worldwide to realize digital transformation at scale and speed by partnering with them to build, transform, run, and optimize their technology and business processes. Learn more about Hexaware at Photo: Logo:
Economic Times
26-07-2025
- Business
- Economic Times
Hexaware profit lags estimates, shares tank
Carlyle-backed Hexaware Technologies reported a 38% on-year rise in June quarter net profit in rupee terms at Rs 380 crore. Profit rose 16% trailed expectations, largely due to a more than 20% increase in other expenses such as acquisition-related cost, and impairment of customer contract associated with an earlier issued a muted revenue guidance for the year ahead. The company follows a January to December financial its mid-tier peers, Hexaware's Q2 revenue was relatively subdued at Rs 3,260 crore, rising 11.1% on-year and 1.6% sequentially in constant currency terms, lagging Street constant currency terms, revenue stood at $382.1 million, growing 1.3% sequentially and 7.5% from a year ago. During the quarter, revenue growth was impacted by decline in manufacturing and consumer segments, and flat growth in financial services."Our growth expectations for the year are a little bit lower now than it was in the beginning of Q2," R Srikrishna, CEO, Hexaware told ET. Shares of Hexaware fell sharply on the earnings announcement. They closed 10.7% lower at Rs 738.25 apiece, underperforming a 0.88% decline in the benchmark BSE Sensex.
Time of India
26-07-2025
- Business
- Time of India
Hexaware profit lags estimates, shares tank
Academy Empower your mind, elevate your skills Carlyle-backed Hexaware Technologies reported a 38% on-year rise in June quarter net profit in rupee terms at Rs 380 crore. Profit rose 16% trailed expectations, largely due to a more than 20% increase in other expenses such as acquisition-related cost, and impairment of customer contract associated with an earlier issued a muted revenue guidance for the year ahead. The company follows a January to December financial its mid-tier peers, Hexaware's Q2 revenue was relatively subdued at Rs 3,260 crore, rising 11.1% on-year and 1.6% sequentially in constant currency terms, lagging Street constant currency terms, revenue stood at $382.1 million, growing 1.3% sequentially and 7.5% from a year ago. During the quarter, revenue growth was impacted by decline in manufacturing and consumer segments, and flat growth in financial services."Our growth expectations for the year are a little bit lower now than it was in the beginning of Q2," R Srikrishna, CEO, Hexaware told ET. Shares of Hexaware fell sharply on the earnings announcement. They closed 10.7% lower at Rs 738.25 apiece, underperforming a 0.88% decline in the benchmark BSE Sensex.
