DBT Bureau
Pune, 20 Feb 2025
There was a palpable excitement at Hexaware’s offices today as the company made its return to the public markets with a record-breaking issue size of Rs 8,750 crores. This marked the largest-ever IPO by an IT services firm in India. The momentous occasion was celebrated by Hexaware’s top executives and advisors, who took a moment to reflect on this significant milestone in the company’s journey.
“Listing on the public markets represents a significant step forward for Hexaware,” said R Srikrishna, CEO, Hexaware. “This is an opportunity to deepen our relationships with stakeholders and reinforce our commitment to operating with transparency, accountability, and a focus on delivering meaningful solutions to our clients. We are excited about the road ahead.”
Echoing this sentiment, Hexaware CFO Vikash Kumar Jain said, “With our return to the stock exchange, we gain greater visibility in the market and the ability to engage more directly with our investors. It reflects our disciplined approach to growth and the financial strength that has brought us to this day.”
Joseph McLaren Quinlan, Non-Executive Chairman, Hexaware, highlighted the broader significance of this achievement. “Going public is not just a financial milestone—it’s a bold step toward accelerating our growth, expanding our impact, and driving innovation on a global scale. As we embark on this next chapter, we remain committed to delivering value, excellence, and results that define our company. Thank you to everyone who made this moment possible—our journey is just beginning!”
“Hexaware’s IPO is the largest technology services IPO globally over the last decade and marks an important milestone in the company’s journey,” said Patrick McCarter, Co-Head of Global Technology at Carlyle. “This moment reflects the strength of its talented management team, customer centricity, superior growth profile and differentiated digital capabilities. It also highlights the collaboration across Carlyle’s global network, leveraging our expertise in both India and the U.S. to create value for all the stakeholders.”
Kapil Modi, Managing Director at Carlyle India Advisors, said: “Hexaware exemplifies how we leverage our One Carlyle global network to help businesses scale and expand. We are proud to have partnered with Hexaware on its growth journey and congratulate its exceptional management team on this milestone. Carlyle remains committed to partnering with the Hexaware team as it continues to focus on client centricity and delivering differentiated value for its customers, and as it embarks on its next phase as a publicly traded company.”
Employees across Hexaware’s offices nationwide came together to celebrate this event. Now trading under the ticker symbol HEXT, the company remains committed to its core principles—transparency, mutual respect, and quality—and extends heartfelt gratitude to its employees, investors, and partners for their support.
