13 August 2024
Hexaware Technologies, a leading global IT services company, has a concentrated ownership structure. The majority of the company's shares are held by its promoters, followed by the remaining holdings distributed among institutional investors.
Let’s go back to the started journey of hexaware and watch the growth of the company till present–
1984: Hexaware's roots trace back to the IT arm of "Aptech," founded by Atul Nishar in 1984.
1992: It officially became a public limited company under the name "Aptech Information Systems." The company's early days were shaped by a relaxed tax regime and a favorable regulatory environment, propelling its growth.
2001: In 2001, it shed its old structure and rebranding as "Hexaware Technologies Limited." The software division separated from the training outfit, and Hexaware embarked on a path of technological prowess. European Development Centers sprouted, and a BPO firm named Caliber Point emerged. Acquisitions, like the software testing company Focus Frame, bolstered its capabilities.
Later 2000’s : Hexaware expanded its horizons. It set up centers in Texas, USA, and Singapore, bridging continents with digital solutions. Atul Nishar, the visionary founder, eventually sold his stake to Baring Private Equity, marking one of India's significant IT sector deals. Hexaware's consulting prowess earned accolades, including the Golden Peacock Award for Corporate Governance.
Today, Hexaware stands tall, with over 11,000 employees serving 220+ clients worldwide. Its profits continue to soar, fueled by the BFSI segment and healthcare industry. Hexaware's saga unfolds—a blend of strategy, adaptability, and unwavering purpose.
Hexaware Technologies' ownership structure and financial performance reflect a solid and well-managed company. This robust financial and ownership foundation positions Hexaware well for future growth and continued success.