Latest news with #Hexaware
Economic Times
a day ago
- Business
- Economic Times
Tech solutions firms tap into PE opportunities amid rising M&A deals
Agencies Rise of private capital investments into companies through mergers, acquisitions and buyouts is making private equity (PE) firms an attractive business opportunity for India's software service providers for growth and revenue global PE dry powder exceeding $2 trillion and deal activity rebounding in key sectors like healthcare, insurance, and technology, this has turned into a lucrative market for IT services firms, according to US-based research and analyst firm Everest Group. If tech companies like Hexaware, Happiest Minds and GlobalLogic are lining up specialised solutions for PE players, larger players like TCS and Wipro see PE firms as customers for their generative artificial intelligence (genAI) offerings. 'Over the past 18 months, leading service providers and consulting firms have invested in dedicated PE practices: hiring head of private equity business while building specialised solutions to support deal sourcing, AI-driven due diligence, and post-deal integration,' said Kriti Gupta, practice director at Everest highlighted increasing activity in portfolio companies as PE firms allocate dedicated digital and operational improvement funds to them, ensuring rapid approval and execution of IT initiatives. R Srikrishna, CEO and executive director of Hexaware Technologies, said, 'There are two potential markets there. One is PE companies as customers. Second is their portfolio companies, and how we can address solving for their technology challenges. Those are parallel markets.' Srikrishna said the aggregate ownership of PE in portfolio companies is estimated to be almost half of the ownership in public markets.'That's a pretty substantial market,' he told ET in an interaction. 'We're going with a focused approach to the ownership teams, talking about how we could help address and improve technology posturing in the particular companies.'Listed in February, Hexaware itself is owned by global PE firm The Carlyle Group, holding 74.71% stake as of March end. It has an annual revenue size of around $1.43 billion, or about Rs 12,250 March, mid-tier IT services company Happiest Minds Technologies announced its plans to expand business to the PE ecosystem by developing a set of offerings targeted at both PE firms and their portfolio companies. It would carry out due diligence of PE firms' acquisition candidates and help them with a post-acquisition roadmap, said CEO Joseph Anantharaju had said while making the announcement. 'I'm hoping by Q2 we should start seeing some results,' he engineering and technology firm GlobalLogic, backed by Hitachi Group, has had a business unit for PE since the last 7-8 years, which is one of its largest business segments with around 25% revenue share, according to Piyush Jha, managing director for India and Asia Pacific at GlobalLogic.'As the tech sector consolidates, PEs are the largest consolidators as they have a lot of cash,' he told ET in an interaction. 'Last two years, they (PEs) did not spend much, waiting for the macro environment to shape up. Now we are seeing that pick up.' In a recent white paper, India's biggest IT major Tata Consultancy Services (TCS) said private capital firms must tap into AI to generate alpha or returns by transforming their operations across deal generation, due diligence, capital management, investments, and portfolio management. It said the private capital industry was set to revive in 2025, driven by the huge amounts of capital they hold, but at a slower rate. And the potential of AI to radically transform the private capital space is unprecedented. 'Private capital firms must launch targeted initiatives across key business facets to take advantage of the opportunity,' TCS Premji-promoted Wipro, the country's fourth largest IT services player, believes that despite risks of regulation, data, privacy, etc, GenAI is swiftly becoming a transformative force in PE for portfolio growth. Additionally, PE investors' focus on exits and secure returns will see funds leveraging AI and GenAI for value TCS and Wipro did not respond to requests for comment citing the ongoing silent period ahead of their FY26 first quarter results.A Bain report on private investors managing $3.2 trillion in assets, released in March 2025, found that most portfolio companies are participating in some phase of AI testing, with nearly 20% having operationalised GenAI use this underscores how technology is now viewed as a primary value-creation lever in the PE world, Gupta of Everest Group said.'As this industry moves to operational value creation, it is increasingly relying on service partners and consulting firms to deliver rapid system integrations, sector-tailored expertise, advanced analytics, and AI adoption to hit targets of IRR (internal rate of return) and Ebitda (earnings before interest, taxes, depreciation and amortisation),' she of Hexaware said PEs' priorities are somewhat different from regular companies in terms of time horizons for investments and getting value from them. 'It's all linked to when they invest and where they want to exit,' he explained that PE firms invest early in the cycle and want to make sure there's value coming from those investments later in the cycle of an investment, because that's the time they will plan to exit. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Newton vs. industry: Inside new norms that want your car to be more fuel-efficient India's gas dream runs on old pipes. Can a European fix unclog the future? Is gold always the best bet? Think again Can this cola maker get back bubble valuation pricked by Ambani? 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Time of India
a day ago
- Business
- Time of India
Tech solutions firms tap into PE opportunities amid rising M&A deals
Academy Empower your mind, elevate your skills Rise of private capital investments into companies through mergers, acquisitions and buyouts is making private equity (PE) firms an attractive business opportunity for India's software service providers for growth and revenue global PE dry powder exceeding $2 trillion and deal activity rebounding in key sectors like healthcare, insurance, and technology, this has turned into a lucrative market for IT services firms, according to US-based research and analyst firm Everest tech companies like Hexaware, Happiest Minds and GlobalLogic are lining up specialised solutions for PE players, larger players like TCS and Wipro see PE firms as customers for their generative artificial intelligence (genAI) offerings.'Over the past 18 months, leading service providers and consulting firms have invested in dedicated PE practices: hiring head of private equity business while building specialised solutions to support deal sourcing, AI-driven due diligence, and post-deal integration,' said Kriti Gupta, practice director at Everest highlighted increasing activity in portfolio companies as PE firms allocate dedicated digital and operational improvement funds to them, ensuring rapid approval and execution of IT initiatives.R Srikrishna, CEO and executive director of Hexaware Technologies , said, 'There are two potential markets there. One is PE companies as customers. Second is their portfolio companies, and how we can address solving for their technology challenges. Those are parallel markets.'Srikrishna said the aggregate ownership of PE in portfolio companies is estimated to be almost half of the ownership in public markets.'That's a pretty substantial market,' he told ET in an interaction. 'We're going with a focused approach to the ownership teams, talking about how we could help address and improve technology posturing in the particular companies.'Listed in February, Hexaware itself is owned by global PE firm The Carlyle Group, holding 74.71% stake as of March end. It has an annual revenue size of around $1.43 billion, or about Rs 12,250 March, mid-tier IT services company Happiest Minds Technologies announced its plans to expand business to the PE ecosystem by developing a set of offerings targeted at both PE firms and their portfolio companies. It would carry out due diligence of PE firms' acquisition candidates and help them with a post-acquisition roadmap, said CEO Joseph Anantharaju had said while making the announcement. 'I'm hoping by Q2 we should start seeing some results,' he engineering and technology firm GlobalLogic, backed by Hitachi Group, has had a business unit for PE since the last 7-8 years, which is one of its largest business segments with around 25% revenue share, according to Piyush Jha, managing director for India and Asia Pacific at GlobalLogic.'As the tech sector consolidates, PEs are the largest consolidators as they have a lot of cash,' he told ET in an interaction. 'Last two years, they (PEs) did not spend much, waiting for the macro environment to shape up. Now we are seeing that pick up.'In a recent white paper, India's biggest IT major Tata Consultancy Services (TCS) said private capital firms must tap into AI to generate alpha or returns by transforming their operations across deal generation, due diligence, capital management, investments, and portfolio said the private capital industry was set to revive in 2025, driven by the huge amounts of capital they hold, but at a slower rate. And the potential of AI to radically transform the private capital space is unprecedented. 'Private capital firms must launch targeted initiatives across key business facets to take advantage of the opportunity,' TCS Premji-promoted Wipro, the country's fourth largest IT services player, believes that despite risks of regulation, data, privacy, etc, GenAI is swiftly becoming a transformative force in PE for portfolio growth. Additionally, PE investors' focus on exits and secure returns will see funds leveraging AI and GenAI for value TCS and Wipro did not respond to requests for comment citing the ongoing silent period ahead of their FY26 first quarter results.A Bain report on private investors managing $3.2 trillion in assets, released in March 2025, found that most portfolio companies are participating in some phase of AI testing, with nearly 20% having operationalised GenAI use this underscores how technology is now viewed as a primary value-creation lever in the PE world, Gupta of Everest Group said.'As this industry moves to operational value creation, it is increasingly relying on service partners and consulting firms to deliver rapid system integrations, sector-tailored expertise, advanced analytics, and AI adoption to hit targets of IRR (internal rate of return) and Ebitda (earnings before interest, taxes, depreciation and amortisation),' she of Hexaware said PEs' priorities are somewhat different from regular companies in terms of time horizons for investments and getting value from them. 'It's all linked to when they invest and where they want to exit,' he explained that PE firms invest early in the cycle and want to make sure there's value coming from those investments later in the cycle of an investment, because that's the time they will plan to exit.
Yahoo
20-06-2025
- Business
- Yahoo
Hexaware Teams Up with Fixie.ai to Power Voice AI for Smarter Enterprise Operations
Ultravox Realtime selected as Hexaware's voice AI platform of choice to power next-gen CX ISELIN, N.J., June 20, 2025 /PRNewswire/ -- Hexaware Technologies (NSE: HXT), a global provider of IT solutions and services, has announced a new partnership with a market leader in voice AI technology. As part of this collaboration, Hexaware will integrate Fixie's Ultravox Realtime platform into its enterprise solutions to deliver faster, smarter, and more natural voice-powered interactions for its clients. Fixie's Ultravox Realtime brings enterprise-grade voice recognition, and a scalable architecture designed to handle thousands of concurrent calls. For Hexaware, it adds another powerful tool to help clients reimagine customer engagement with voice AI that is fast, reliable, and ready for real-world deployment. "Our partnership with Fixie will enable them to access larger enterprise requirements across industries while enhancing our ability to simplify enterprise AI adoption for our clients," said Vinod Chandran, Chief Operations Officer at Hexaware. "With its developer-friendly design, accuracy, security and scalability, Ultravox Realtime is perfectly suited for the high-volume, integrated deployments our clients require. This collaboration enables us to deliver superior voice experiences, faster and more responsive customer interactions, especially during peak loads and multilingual situations." As part of the partnership, Hexaware is also supporting Fixie's open-source efforts by donating GPU computing resources. This will help accelerate the training of future Ultravox models, strengthening the open-source AI community while unlocking even more potential for enterprise users."We're thrilled to partner with Hexaware to bring voice AI to their impressive roster of clients," said Zach Koch, Chief Executive Officer of "This collaboration is a perfect alignment of capabilities – our advanced speech understanding provided by Ultravox Realtime paired with Hexaware's deep enterprise expertise. Their commitment to our open-source model development through GPU donation demonstrates a shared vision for advancing open-source voice AI technology while delivering immediate value to enterprise customers."Joint implementations are already in motion across industries like banking, insurance, retail, travel, healthcare, and more.. About is the market-leading provider of voice AI solutions, delivering advanced conversational capabilities through its scalable Ultravox Realtime [ platform. The company's technology enables natural, effective voice interactions for businesses of all sizes, with particular strength in high-volume, enterprise-grade implementations. The company actively maintains the open-source Ultravox model with weights available on HuggingFace [ 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 Logo - View original content: SOURCE Hexaware Technologies Ltd. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
18-06-2025
- Business
- Time of India
Top 5 Indian IT exporters lose revenue share as mid-tier companies rise
ET Intelligence Group: The share of top five IT exporters in the total sector's revenue fell by over 100 basis points year-on-year to 81.3% in the March 2025 quarter. It has gradually fallen over the past few quarters to hit the lowest level in at least 29 quarters or since March 2018 quarter amid rising traction shown by a select mid-tier IT companies , including Coforge , Hexaware, and Persistent Systems . The tier-II companies have been reporting higher revenue and profit growth year-on-year over the past several quarters compared with the larger peers led by the shifting focus of clients to short term projects from larger multi-year transformational deals. The top 5 IT exporters include TCS , Infosys , HCL, Wipro and Tech Mahindra ranked based on annual revenues. Sample of tier-II companies include 79 mid and small tier IT companies. The top-tier companies have also reported lower share of net profit over the recent few quarters. In June quarter, it fell to 86.3% from 87.3% in year-ago quarter. The mid and small tier companies have gained lead over top companies in revenue and profit. "Select large and mid-tier companies are gaining share as opposed to the usual narrative of large companies consolidating out smaller ones," mentioned Kotak Securities in a sector report. Agencies Global clients of Indian IT exporters have been cautiously assessing the geopolitical scenario, which has delayed their decision making process over the past few quarters, and in turn affecting the project ramp ups. The sample of mid and small IT companies reported better revenue growth than top-tier companies in each of 15 quarters to March 2025. Their net profit growth was higher in 12 out of past 17 quarters since March 2021.
Business Standard
10-06-2025
- Business
- Business Standard
India Inc. strongly backs Trans Employment Mela 2025 with a definitive step towards transgender inclusion
VMPL New Delhi [India], June 10: As the third edition of the Trans Employment Mela (TEM) prepares to unfold on June 18, 2025, in Delhi, leading Indian corporates are coming forward to champion workplace equity for transgender and non-binary individuals. Organised by the TWEET Foundation and InHarmony, in collaboration with the Ministry of Social Justice and Empowerment (MoSJE), this year's Mela aims to enable 100 dignified job placements, setting a bold benchmark for inclusive hiring in India. What began as a grassroots initiative has now become a growing movement--one that's being powered not only by the community but by a rising tide of corporate allies. This year, Publicis Sapient returns as the Platinum Sponsor and the Lalit Suri Hospitality Groups as the Gold Sponsor for the third consecutive year, with Hexaware as the Title Sponsor, P & G and Hexaware joining as Gold Sponsors, reflecting a deepening commitment from industry leaders to invest in transformative inclusion. "At Publicis Sapient, we believe that true transformation begins with inclusion. We are proud to sponsor TransMela 2025 for the third consecutive year, reaffirming our unwavering commitment to advancing LGBTQIA+ equity in India's workplaces. This partnership is more than symbolic--it reflects our deep-rooted belief in creating spaces where every individual, regardless of gender identity or expression, can thrive with dignity and authenticity. Through initiatives like the Rainbow Internship and our continued collaboration with grassroots organizations, we strive to build a future where opportunity is truly inclusive," said Vieshaka Dutta, Diversity, Equity and Inclusion Leader, India from Publicis Sapient. Joining them in this mission is The Lalit Suri Hospitality Group, serving both as Gold Sponsor and Hospitality Partner, led by one of India's most visible champions for queer rights, Keshav Suri. "Talent is universal, so why are opportunities still selective? In a time when the trans community continues to face attacks, erasure, and exclusion, the Trans Employment Mela is not just a job fair--it's a bold act of resistance and hope. At The Lalit and the Keshav Suri Foundation, we remain unwavering in our support. But real change needs more than solidarity--it needs action. It's time businesses, leaders, and allies: step up. Because an inclusive India isn't a dream--it's a responsibility we all share," said Keshav Suri, Executive Director, The Lalit Suri Hospitality Group, and Founder, Keshav Suri Foundation. Last year's edition of the Mela facilitated 77 placements across more than 20 companies--nearly doubling the outcomes of its debut year in 2023. With an ambitious goal of 100 placements this year, TEM 2025 is more than a job fair--it is a platform for possibility, dignity, and systemic change. Beyond recruitment, this year's Mela focused on hosting networking sessions, sensitisation workshops, performances by community artists, and storytelling spaces--providing opportunities for employers to engage deeply with the lived realities of trans persons and the immense potential they bring to the workforce. With growing participation from progressive corporations and the relentless efforts of community-led organisations, the Trans Employment Mela is a powerful reminder that inclusive employment is not a favor--it's a fundamental right. And in the vision of an equitable India, business leaders are not just participants; they are catalysts of change. ABOUT ORGANIZERS TWEET Foundation ( is an NGO based out of Delhi and Mumbai led by trans persons dedicated to providing the community with crisis support, short shelter stay, health and legal resources, and connecting them with skill building and inclusive employment opportunities. TWEET works closely with key stakeholders for mainstreaming advocacy for the rights of transgender persons. It works with the government to bring in policy-level changes and works with civil societies and the corporate sectors to build strategic partnerships to support the trans movement and welfare. InHarmony ( is a pioneering Diversity, Equity & Inclusion advisory firm dedicated to fostering inclusive workplaces across India. Specializing in consultancy services, training solutions, employee wellbeing programs, research, and diversity hiring support, their impact spans various industries, guiding companies in the cultivation of inclusive & equitable spaces. InHarmony's expertise encompasses gender, LGBTQIA+ individuals, persons with disabilities, and less privileged caste categories, catering to diverse age groups. It boasts a distinguished panel of experts including facilitators, coaches, psychologists, psychiatrists, and trainers, all committed to delivering bespoke, innovative solutions tailored to meet each client's unique needs. InHarmony's founder, Anupama Easwaran is a board member of TWEET Foundation working extensively with the transgender community since the past 8 years. She is the recipient of the APCOM Hero Award 2023 in the Community Ally category and a 2 time TEDx speaker. At InHarmony, their mission is to drive positive cultural change, making workplaces places where everyone feels valued, respected, and empowered to succeed.
