Hexaware Positioned as a Visionary in the 2026 Gartner® Magic Quadrant™ for Custom Software Development Services
Hexaware Positioned as a Visionary in the 2026 Gartner® Magic Quadrant™ for Custom Software Development Services
Gartner, Magic Quadrant for Custom Software Development Services, By Jaideep Thyagarajan, Ryan McKinney, Nathan Davie, 7 October 2026. Gartner and Magic Quadrant are trademarks of Gartner, Inc. and/or its affiliates. Gartner does not endorse any company, vendor, product or service depicted in its publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner publications consist of the opinions of Gartner’s business and technology insights organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this publication, including any warranties of merchantability or fitness for a particular purpose. This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from Hexaware.
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Hexaware Technologies, a leading IT services and solutions provider, proudly announces its entry into the Top 25 Most Valuable IT Brands globally, as recognized in the Brand Finance IT Services 25 2025 report. This milestone highlights Hexaware’s unwavering commitment to innovation, excellence, and industry leadership.
Hexaware’s brand value has soared from USD 724 million in 2024 to USD 824 million in 2025, reflecting a remarkable 14% year-on-year growth. Over the past four years, the company has clocked an impressive 124.5% growth in brand value. It has climbed five ranks to secure the 24th position this year, with its Brand Strength Index (BSI) advancing from 73.4 to 76.4 and its brand rating elevated to AA+. The report attributes this impressive growth to stable financial performance and an enhanced BSI despite challenging geopolitical conditions and disruptions in decision-making.
The refreshed Brand Strength Framework, underpinned by Global ITDM Research findings, has elevated Hexaware’s perception and behavior scores across key geographies, including the US and Europe. Hexaware’s unwavering efforts to brand building and innovation continue to yield robust growth, encouraging brand customer funnel scores in the US further reinforcing its dedication to delivering transformative value for customers.
With an “AI-first” strategy at its core, Hexaware has redefined its service offerings and internal operations, seamlessly integrating AI across its business landscape. Hexaware is not just adopting technology; it’s reshaping how it delivers value. An astounding 99% of its IT workforce, including the leadership team, has undergone intensive AI and Generative AI training, ensuring Hexaware remains at the forefront of technological advancement.
Commenting on this milestone, R Srikrishna, CEO & Executive Director, Hexaware, stated, “This achievement recognizes our efforts to innovate and deliver value to our customers. Our ‘AI-first’ approach has not only transformed our services but has also empowered our clients to thrive in a rapidly evolving digital landscape. We are immensely proud of this achievement and are excited to continue our journey of growth and transformation.”
“At Hexaware, we believe in pushing boundaries and redefining possibilities,” said Nidhi Alexander, Chief Marketing Officer, Hexaware. “Our brand’s ascent in the rankings reflects our team’s dedication and the trust our clients place in us. We are committed to driving innovation and delivering transformative value to our clients.”
David Haigh, CEO and Chairman, Brand Finance, said, “Hexaware’s debut in Brand Finance’s IT Services ranking reflects its unwavering commitment to innovation, employee engagement, and client satisfaction—key drivers of its brand value and brand strength growth. As the digital landscape evolves, Hexaware’s ‘AI-first’ strategy further solidifies its position as a key player in the sector, leveraging artificial intelligence to fuel expansion and deliver advanced solutions to clients worldwide.”
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 https://hexaware.com/
Safe Harbor Statement
Certain statements in this press release concerning our future growth prospects are forward-looking, which involve numerous risks and uncertainties that could cause actual results to differ materially from those in such statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases globally, our ability to attract and retain highly-skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Hexaware has made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry.
For more information, contact:
Reena Kamble
Hexaware Technologies Limited
reenak3@hexaware.com