Hexaware Technologies Prepares for IPO

Hexaware Technologies, a prominent player in the IT services and business process outsourcing sector, is set to make waves with its ₹9,950 crore initial public offering (IPO). This IPO, promoted by the Carlyle Group, marks a significant milestone as it aims to be the largest in India's IT services space since Tata Consultancy Services' IPO over two decades ago. The entire offering is an offer for sale by the promoter, CA Magnum Holdings, affiliated with Carlyle. The equity shares will be listed on the BSE and NSE.

Hexaware Technologies, headquartered in Mumbai, has a rich history dating back to its initial listing in 2002. The company was delisted in 2020 by its previous promoter, Baring Private Equity Asia, before being acquired by Carlyle in 2021 for approximately $3 billion. Hexaware has since grown to become a global digital and technology services company with a presence in over 19 countries and a workforce of 31,000.  Hexaware's services span IT, business process outsourcing, cloud computing, data analytics, and artificial intelligence solutions.