Hexaware's Landmark IPO Sets a New Standard for India's IT Services Sector
Hexaware Technologies has made history by going public with a monumental IPO that raised $1 billion, establishing a new record for the IT services sector in India. On February 19, 2025, the company celebrated this significant milestone at its offices, where executives and employees gathered to mark the occasion. The event underlined not just a financial achievement, but also a new chapter in Hexaware's journey as a key player in the technology services market.
CEO R. Srikrishna emphasized the importance of this listing, stating that it offers an opportunity to strengthen relationships with stakeholders and enhances the company's commitment to transparency and excellence. 'Listing on the public markets represents a significant step forward for Hexaware. We are excited about the road ahead and look forward to working closely with our investors,' he remarked.
Vikash Kumar Jain, the CFO of Hexaware, echoed this sentiment, highlighting how this IPO provides greater visibility and the opportunity to engage more directly with investors. He noted that this moment reflects the disciplined growth and financial robustness that has characterized Hexaware's trajectory up until now.
The Non-Executive Chairman, Joseph McLaren Quinlan, pointed out that going public is not merely a financial milestone; it is a strategic move aimed at fueling growth, expanding its global impact, and driving innovation in the technology space. 'As we embark on this next chapter, we remain committed to providing value and excellence to our stakeholders,' he asserted, thanking everyone who played a role in making this moment possible.
Patrick McCarter, Co-Head of Global Technology at Carlyle, highlighted the IPO's significance, stating, 'Hexaware's IPO is the largest in the technology services space globally in the last decade and is a testament to the strength of its management and customer-centric approach.' McCarter’s remarks underline the collaboration that took place across Carlyle's global network, showcasing the support Hexaware received in its growth journey.
Kapil Modi, Managing Director at Carlyle India Advisors, emphasized that Hexaware serves as a prime example of how the global network of Carlyle can facilitate business growth and expansion. Modi extended congratulations to Hexaware's exceptional management team for reaching this remarkable milestone.
Across Hexaware’s national offices, employees celebrated the IPO, which now trades under the ticker symbol HEXT. The company reaffirmed its dedication to its core values of transparency, mutual respect, and quality service, expressing gratitude to all employees, investors, and partners for their steadfast support.
Hexaware Technologies, known for its global technology and business process services, aims to create positive change through innovation and engagement. The company is poised to leverage this new public listing to enhance its operations and further solidify its role in leading digital transformation for companies worldwide. As it navigates this new chapter, Hexaware is set not only to increase its market visibility but also to deliver unparalleled value and service effectiveness to its clients.
CEO R. Srikrishna emphasized the importance of this listing, stating that it offers an opportunity to strengthen relationships with stakeholders and enhances the company's commitment to transparency and excellence. 'Listing on the public markets represents a significant step forward for Hexaware. We are excited about the road ahead and look forward to working closely with our investors,' he remarked.
Vikash Kumar Jain, the CFO of Hexaware, echoed this sentiment, highlighting how this IPO provides greater visibility and the opportunity to engage more directly with investors. He noted that this moment reflects the disciplined growth and financial robustness that has characterized Hexaware's trajectory up until now.
The Non-Executive Chairman, Joseph McLaren Quinlan, pointed out that going public is not merely a financial milestone; it is a strategic move aimed at fueling growth, expanding its global impact, and driving innovation in the technology space. 'As we embark on this next chapter, we remain committed to providing value and excellence to our stakeholders,' he asserted, thanking everyone who played a role in making this moment possible.
Patrick McCarter, Co-Head of Global Technology at Carlyle, highlighted the IPO's significance, stating, 'Hexaware's IPO is the largest in the technology services space globally in the last decade and is a testament to the strength of its management and customer-centric approach.' McCarter’s remarks underline the collaboration that took place across Carlyle's global network, showcasing the support Hexaware received in its growth journey.
Kapil Modi, Managing Director at Carlyle India Advisors, emphasized that Hexaware serves as a prime example of how the global network of Carlyle can facilitate business growth and expansion. Modi extended congratulations to Hexaware's exceptional management team for reaching this remarkable milestone.
Across Hexaware’s national offices, employees celebrated the IPO, which now trades under the ticker symbol HEXT. The company reaffirmed its dedication to its core values of transparency, mutual respect, and quality service, expressing gratitude to all employees, investors, and partners for their steadfast support.
Hexaware Technologies, known for its global technology and business process services, aims to create positive change through innovation and engagement. The company is poised to leverage this new public listing to enhance its operations and further solidify its role in leading digital transformation for companies worldwide. As it navigates this new chapter, Hexaware is set not only to increase its market visibility but also to deliver unparalleled value and service effectiveness to its clients.
Topics Business Technology）
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