Hexaware Technologies shares fall 4% amid management changes; here’s what investors need to know

The IT services firm’s CEO and Whole-Time Director Srikrishna Ramakarthikeyan, resigned and will step down effective October 28, 2026. He has led Hexaware for 12 years and will remain with the company as a senior advisor to ensure a smooth leadership transition.

Hexaware Technologies appointed Vivek Jetley as CEO designate. Vivek will assume the role of CEO on October 28, 2026. The appointment comes at a decisive 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.

“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.

Vivek Jetley has been a business leader with more than 25 years of experience at the intersection of AI and data, enterprise transformation and strategy. He has a proven track record of scaling global businesses, leading large P&Ls, and creating new growth engines during periods of technology disruption from data and cloud to GenAI.

Jetley joins Hexaware from EXL, where he currently serves as President and leads their insurance, healthcare and life science businesses. Prior to this role, he was the President of EXL analytics, building and leading industry-leading advanced analytics, AI services, and enterprise data management capabilities for clients across verticals.

“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,” said Vivek Jetley.

The outgoing CEO, Ramakarthikeyan, had said that it expects Hexaware’s revenue to double by 2029, driven by AI-led transformation. The company expects revenue to touch $3 billion by 2029 from around $1.5 billion; this will be driven by factors like AI-led transformation, West Asia expansion, growth in the technology vertical, and private equity partnerships.

Hexaware Technologies share price trends

At 11:17 AM, Hexaware Technologies shares were trading at ₹522.65 apiece on the National Stock Exchange, falling 3.85%.

From the beginning of the year, Hexaware Technologies shares have declined 31%. Over a month’s time, the stock has slipped 7%, while for a six-month period, it has gained 15%.

Shares of the firm had hit a 52-week high of ₹807.75 on December 4, 2025, and a 52-week low of ₹400.20 on March 12, 2026.

According to NSE data, as of September 3, 2026, Hexaware Technologies has a total market capitalisation of ₹32,060.01 crore.