Hexaware Strengthens Board for Accelerated Growth

Hexaware Technologies (“Hexaware”), the next-generation digital company, continues to invest in strengthening its management capabilities, developing talent and growing its technical and operational capabilities to drive and sustain accelerated growth. The company expects to grow its revenue organically by more than 20% in 2022, which would make it one of the fastest growing technology companies in India.

New Hexaware Board Members

The company is pleased to appoint new and distinguished members to the Board of Directors who are prominent leaders in their respective fields. They include:

• Michael W. Bender – Non-Executive Chairman and Senior Partner Emeritus of McKinsey & Company
• Sandra Horbach – MD and Co-Head of U.S. Buyout & Growth at The Carlyle Group
• Patrick McCarter – MD and Head of Global Technology at The Carlyle Group
• Julius Genachowski – MD, U.S. Buyout at The Carlyle Group
• Lucia Soares – MD and CIO, Global Investment Resources at The Carlyle Group
• Neeraj Bharadwaj – MD, Asia Buyout at The Carlyle Group
• Kapil Modi – MD, Asia Buyout at The Carlyle Group
• Joseph McLaren Quinlan – Independent Director and former Deloitte CIO

Hexaware’s CEO, R. Srikrishna, will continue to serve as Executive Director on the Board, while Milind Sarwate will continue in his role as Independent Director.

“I would like to welcome each board member to Hexaware. We continue to experience strong growth and believe the vast experience the new board members bring, as well as the strength of Carlyle’s brand and its value creation expertise will enable us to further accelerate development and expand on our global customer base,” said R. Srikrishna.

“Hexaware has played an important role in revolutionizing the IT services industry. I am excited to join the Hexaware board to help guide the team as the company embarks on its next phase of accelerated growth and expansion globally,” said Michael Bender.  

Hexaware’s core strategic focus areas including building out its digital product engineering services through its Mobiquity product platform, expanding on its cloud transformation services for large global enterprises through its Amaze® platform, and growing its AI and business automation solutions services through its Tensai^® platform.

The company currently employs 25,000 employees globally across 18 countries and plans to add over 10,000 employees in 2022.

About Hexaware

Hexaware is a global IT, BPS and consulting services company empowering businesses worldwide to realize digital transformation at scale and speed. Our three-pronged strategy of Automate Everything®, Cloudify Everything®, and Transform Customer Experiences® endeavors to drive human-machine collaboration for solving complex business problems. We enable future-ready organizations and market leaders to create lasting business value by helping them offer touchless immersive customer experiences through full-cloud enablement, digital product engineering and extreme automation.

We serve customers in Banking, Financial Services, Capital Markets, Healthcare, Insurance, Manufacturing, Retail, Education, Telecom, Hi-Tech & Professional Services (Tax, Audit, Accounting and Legal), Travel, Transportation and Logistics. We deliver highly evolved services in Rapid Application prototyping, development and deployment; Build, Migrate and Run Cloud solutions; Automation-based Application support; Enterprise Solutions for digitizing the back-office; Customer Experience Transformation; Business Intelligence & Analytics; Digital Assurance (Testing); Infrastructure Management Services; and Business Process Services.

We believe technology is a magical thing, and our purpose is to create smiles through great people and technology. Headquartered in New Jersey for North America, London for Europe and Singapore for the Asia Pacific, Hexaware services customers in over two dozen languages from every major time and regulatory zone.

Learn more about Hexaware at https://www.hexaware.com. Take an immersive 360° virtual tour of our campuses worldwide at https://www.hexawareimmersive.com.

Safe Harbor Statement:

Certain statements in this press release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking 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 in India, 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
Hexaware Technologies Limited
E-mail: Varsham@hexaware.com