Spring 2026
Updated on 9/4/2026
AI-driven global IT services provider
No salary listed
No H1B Sponsorship
Chicago, IL, USA
In Person
Relocation to Chicago preferred for long-term projects.
Bachelor's, Master's
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HEXAWARE delivers IT consulting, enterprise platform management, and business process outsourcing (BPO) with AI-powered digital transformation for large enterprises in banking, insurance, financial services, and utilities. Its offerings automate processes, modernize IT, migrate to cloud, develop and manage applications, manage data, and strengthen cybersecurity. It differentiates itself by providing integrated AI-driven automation, cloud and data management, security, and BPO across the full IT stack. Its goal is to help clients improve operational efficiency, reduce costs, and enable smarter decision-making through technology modernization.
Company Size
10,001+
Company Stage
IPO
Headquarters
Jamesburg, New Jersey
Founded
1990
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Hybrid Work Options
Hexaware Technologies appoints Vivek Jetley as CEO, srikrishna Ramakarthikeyan to step down. Jetley to take charge on October 28; Ramakarthikeyan to continue as senior advisor after 12 years as CEO. By Navneet Singh September 2, 2026, 8:07:49 PM IST (Published) Hexaware Technologies has appointed Vivek Jetley as Chief Executive Officer (CEO), effective October 28, 2026. Srikrishna Ramakarthikeyan, currently CEO and Whole-time Director of Hexaware Technologies, has submitted his resignation from the CEO and board roles, effective October 28. He will also step down as CEO of Hexaware Technologies Inc., a wholly owned subsidiary, and as director of the company's subsidiaries. The company's board approved Ramakarthikeyan's appointment as Senior Advisor with effect from October 28, based on the recommendation of the Nomination and Remuneration Committee. Ramakarthikeyan has led Hexaware for 12 years and will remain with the company to support the leadership transition. Jetley has more than 25 years of experience across AI and data, enterprise transformation and strategy, as per a press release filed at NSE. He joins Hexaware from EXL, where he is currently President and leads its Insurance, Healthcare and Life Sciences businesses. Prior to his current role, Jetley was President and head of EXL Analytics. He joined EXL in 2006 through its acquisition of Inductis, where he was a partner, and has held leadership roles spanning corporate strategy, strategic partnerships, innovation and acquisitions. Larry Quinlan, Non-Executive Chairman of Hexaware, thanked Ramakarthikeyan for his contributions and welcomed Jetley to the company. Jetley said AI adoption is changing how IT services are delivered and how enterprises create value, adding that he sees an opportunity to help clients navigate the transition and lead Hexaware's AI-led transformation. He added, "I am excited to lead Hexaware into its next phase of growth and partner with our talented leadership team, colleagues and clients around the world to accelerate the company's AI-led transformation and create meaningful business outcomes at scale." Shares of Hexaware Technologies closed at ₹546 on Wednesday, down 0.93% from the previous close.
Hexaware names Vivek Jetley CEO Designate, to take charge in October. Vivek Jetley will take over as CEO on October 28, while Srikrishna Ramakarthikeyan will step down after 12 years and remain with the company as senior advisor. Hexaware technologies Hexaware Technologies on Wednesday announced the appointment of Vivek Jetley as CEO Designate. He will join Hexaware and assume the role of CEO on October 28, 2026. Srikrishna Ramakarthikeyan ("Keech") will step down as CEO and as a member of the Board of Directors effective October 28, 2026. He has led Hexaware for 12 years and will remain with the company as Senior Advisor to ensure a smooth leadership transition. The appointment comes at an important moment for Hexaware as the company enters its next phase of accelerated growth, with AI reshaping enterprise technology services globally and creating new sources of client demand. Jetley is a seasoned business leader with more than 25 years of experience at the intersection of AI and data, enterprise transformation and strategy. He joins Hexaware from EXL, where he currently serves as President and leads its Insurance, Healthcare and Life Sciences businesses. Prior to this role, he was the President and head of EXL analytics, building and leading industry-leading advanced analytics, AI services and enterprise data management capabilities for clients across verticals. Vivek joined EXL in 2006 through the acquisition of Inductis, a specialised analytics consulting firm where he was a partner. "On behalf of Hexaware's Board of Directors, I would like to thank Keech for his contributions to the Company over the past 12 years. He leaves a strong foundation for its next phase of accelerated growth. I am excited to welcome Vivek to Hexaware and see him take the company forward," said Larry Quinlan, Non Executive Chairman, Hexaware. "Hexaware has built a strong business, defined by deep domain expertise, trusted client relationships and a growing set of AI capabilities. Vivek brings a proven ability to scale businesses, deepen enterprise relationships and build Data and AI-led growth platforms. As a major shareholder in Hexaware, Carlyle is excited to support Vivek as he steps into this role, and thanks Keech for his contributions to Hexaware over the past 12 years," said Sandra Horbach, Hexaware Board Member and Chair of Americas Corporate Private Equity at Carlyle.
Hexaware Technologies has appointed Vivek Jetley as CEO designate, with him assuming the role on 28 October 2026. The appointment comes as the AI-first digital and IT services company enters its next growth phase. Jetley brings over 25 years of experience in AI, data, and enterprise transformation. He joins from EXL, where he serves as president leading the insurance, healthcare, and life sciences businesses. Previously, he headed EXL's analytics division and joined the company in 2006 through the acquisition of Inductis, where he was a partner. Current CEO Srikrishna Ramakarthikeyan will step down after 12 years and remain as senior adviser to ensure a smooth transition.
HDFC Mutual Fund has acquired a 5.21% stake in Hexaware Technologies, totalling 31,859,815 equity shares. The acquisition was completed on 26 August 2026, according to a disclosure filed under SEBI regulations. Prior to this transaction, HDFC Mutual Fund's various schemes held 30,453,561 shares in the company, representing 4.98% of voting capital. The fund acquired an additional 1,406,254 shares through the open market, increasing its total stake to the current level. The disclosure confirms no shares are held as encumbrance, warrants, or convertible securities. Hexaware Technologies' total paid-up equity share capital stands at Rs 611 million, comprising equity shares of Re 1 each.
AI can lower price of IT projects by up to 25%, says Hexaware CEO. As AI helps to improve efficiency, customers could demand 20%-25% lower fees for some of the work Hexaware accomplishes currently, CEO Srikrishna Ramakarthikeyan said. Hexaware Technologies CEO Srikrishna Ramakarthikeyan | Image: Bloomberg By Sankalp Phartiyal AI could lower the price of routine IT projects by as much as 25 per cent, the head of India's Hexaware Technologies Ltd. said, highlighting the impact the technology will have on a sector known for labor-intensive tasks. As AI helps to improve efficiency, customers could demand 20 per cent-25 per cent lower fees for some of the work Hexaware accomplishes currently, Chief Executive Officer Srikrishna Ramakarthikeyan said in an interview. At the same time, Hexaware will need fewer people for the same task, as AI increasingly takes over duties, he said. "For some services, AI is deflationary," said Ramakarthikeyan, 56. "The number of people required to do the same job will go down." Still, that doesn't mean Hexaware will shrink, the CEO said, as AI will result in productivity gains that allow the company to chase new revenue sources. Hexaware, which competes with the likes of Infosys Ltd. and Wipro Ltd. in India's $280 billion outsourcing industry, will be able to go after work it hasn't traditionally handled. More than half of Hexaware's revenue is already "AI infused," Ramakarthikeyan said, meaning the work it charges for is produced at least partly by AI. He expects that proportion to grow to about 80 per cent within three years. Shares of Hexaware have lost more than 20 per cent since its initial public offering early last year as investors have assessed the impact AI will have on its business. Larger Infosys, Wipro and Tata Consultancy Services Ltd. are all down about 40 per cent over the same span. The major IT firms have already curbed hiring as they prepare for the effects of AI. India's labor market is set to feel the impact: the IT firms traditionally hire hundreds of thousands of graduates each year for projects at multinational corporations, banks, and governments. Hexaware is likely to hire fewer entry-level engineers going forward, while seeking out those with AI skills, the CEO said. Ramakarthikeyan said customers will be able to reduce IT teams because of AI. Still, Hexaware hasn't lost contracts because clients chose to perform the work themselves using AI, he said. AI is also pushing Hexaware to rethink how it gets paid. Most industry sales are tied to billable hours, Ramakarthikeyan said, which means gains in productivity may not mean a significant revenue surge. Therefore, the company is now seeking more fixed-price and platform-based contracts and expects AI tokens, or the cost of running AI models, to emerge as a new components of customers' technology budgets. The CEO is also betting Hexaware can capture spending beyond traditional IT services. It's launching products aimed at eliminating software license costs and is developing AI-native products. "If it's an industry where we have sufficient access to clients, we will be in that business ourselves," he said.