Hexaware technologies

Number of employees 18,294(Q2 2019) Baring Private Equity Asia 🌐Website .hexaware .com 📇Address 📞telephone Hexaware Technologies Limited (HTL) (BSE: On 28 July 2014 Hexaware Technologies announced the appointment of R Srikrishna as the Current employee strength is above 18,294 with over 255 clients. Contents • 1 History • 2 Finances • 3 Services • 4 Operations • 5 See also • 6 References • 7 Further reading History [ ] Hexaware is a spin-off of the former Apple Industries, the IT arm of the computer training company Aptech. Aptech was founded by Atul Nishar in 1984. In 2001, Aptech was renamed as "Hexaware Technologies Limited". The training division activities were demerged into Aptech and business solutions were made part of Hexaware Technologies ltd. In 2002, Aptech was sold to SSI. In 2004, a European Development Center was unveiled in Hexaware was working on a "Build, Operate, and Transfer" (BOT) deal with PeopleSoft in 2003. The company was one of the top five vendors for PeopleSoft Inc globally and the number one vendor from India. The PeopleSoft practice of Hexaware accounted for nearly one third of its revenues in the first half of 2004. But later in 2005, Hexaware faced a big financial challenge when PeopleSoft was acquired by Oracle. The company's revenue was brought down by 14%. [ citation needed] In August 2004, Hexaware promoted Rusi Brij as Vice Chairman and [ dead link] In 2010, the company established a new global delivery center in On 23 August 2013, In J...

HONG KONG, July 21 (Reuters) - Baring Private Equity Asia (BPEA) has shortlisted bidders including Bain Capital and French company Teleperformance SE Also in the race are private equity firms KKR & Co BPEA has shortlisted a handful from around 10 initial bids to proceed to the next round, which is due in about a month, said the sources. Bids made for Hexaware ranged from $2.5 billion to close to $3 billion, they said. Hong Kong-based BPEA, Bain, KKR and Carlyle declined to comment. Hexaware and Paris-based Teleperformance, which provides business services, did not immediately respond to requests for comment. BPEA bought a controlling stake in IT services firm Hexaware in 2013 for about $420 million and took the company private from the local stock exchanges late last year. Mumbai-headquartered Hexaware provides automation, cloud and customer services-related technology to a wide range of industries including finance, education, hospitality and manufacturing. With 37 offices in over 30 countries, the company's revenue grew 6.5% year-on-year in 2020 to $845 million in U.S. dollar terms, according to its annual report. Its earnings before interest, taxes, depreciation, and amortization (EBITDA) grew 24.4% to 11 billion rupees in 2020. About Reuters • About Reuters , opens new tab • Careers , opens new tab • Reuters News Agency , opens new tab • Brand Attribution Guidelines , opens new tab • Reuters Leadership , opens new tab • Reuters Fact Check , opens new tab • Reuters Dive...

"Baring is set to go with the Carlyle Group's $3 billion bid, as it's much higher than the other bids which are around $2.5 billion only," one of the investment bankers negotiating the deal and advising the sell-side told PTI on condition of anonymity, as the matter is private and yet to be completed. It can be noted that the IT/BPO segment has already seen two big deal announcements in 2021. To unlock value for shareholders, Hinduja Global Solutions, the BPO arm of the Hinduja Group, had early this month announced sale of its healthcare services business to Barings Private Equity Asia for an enterprise value of $1.2 billion. In late April, American PE giant Blackstone had committed to pump in an additional $2.8 billion to acquire a controlling stake in Mphasis along with Abu Dhabi Investment Authority, UC Investments and other long-term investors as co-investors. Atul K Nishar, the founder and chairman, had launched Hexaware in 1990 in Mumbai and in 2013, sold majority stake to Baring PE Asia for Rs 1,687 crore with an open offer for another 26 per cent for another Rs 1,058 crore, totalling the deal at Rs 2,745 crore, and later fully exited the company but remains the chairman. By November, Baring picked 100 per cent in the company. The deal with the Hong Kong-based Baring Private Equity Asia involved the promoters Atul Nishar (27.7 per cent stake) and GA Global Investments (14.1 per cent) selling their 41.8 per cent stake for Rs 1,687 crore and then the PE fund making ma...