OUR BUSINESS
Our Company incorporation November 20, 1992 We are a global digital and technology services company with artificial intelligence (“AI”) at its core.
We manage our business through six operating segments based on the industries we serve: Financial Services, Healthcare and Insurance, Manufacturing and Consumer, Hi-Tech and Professional Services, Banking, and Travel and Transportation. Our offerings encompass five broad services: Design & Build, Secure & Run, Data & AI, Optimize, and Cloud Services, which form the foundation for our offerings.
- Business Process Services
- Cloud
- Data & AI
- Digital IT Operations
- Digital & Software
- Enterprise Platform Services
- Application Services
- Cybersecurity
- Enterprise Automation
- Generative AI
- Sustainability
- Testing
We leverage technology to deliver innovative solutions that help our customers in their digital transformation journey and subsequent operations.
We embed AI into every aspect of our solutions and have created a suite of platforms and tools that allow our customers to adapt, innovate and optimize in this AI-first era.
We manage our business through six operating segments based on the industries we serve: Financial Services, Healthcare and Insurance, Manufacturing and Consumer, Hi-Tech and Professional Services, Banking, and Travel and Transportation. Our offerings encompass five broad services: Design & Build, Secure & Run, Data & AI, Optimize, and Cloud Services, which form the foundation for our offerings. & Build, Secure & Run, Data & AI, Optimize, and Cloud Services, which form the foundation for our offerings.
We deliver our services through our AI-enabled digital platforms such as RapidX™ for digital transformation, Tensai® for AI-powered automation
and Amaze® for cloud adoption.
We serve customers across the Americas, Europe and Asia-Pacific (including India and Middle East) (“APAC”).
Our capabilities are strengthened by our wide ecosystem of partnerships with enterprises which broaden our customer offerings and marketing reach.
We serve a diverse range of customers, including 31 of the Fortune 500 organizations. We serve some of the largest enterprises across the industries in which we operate. According to the Everest Report, these include:
- 11 of the top 50 global asset management firms by assets under management (“AUM”).
- 3 of the top 10 global life sciences firms by market capitalization.
- 5 of the top 20 global insurers by market capitalization.
- 3 of the top 5 global manufacturing organizations by market capitalization.
- 4 of the top 50 global retail and CPG organizations by revenue.
- 6 of the top 20 global hi-tech companies by market capitalization.
- 3 out of the top 6 global audit and advisory firms.
- 2 out of the top 5 global legal firms.
- 11 of the top 60 banks in the United States ranked by assets.
- 3 of the top 5 airlines in North America by revenue.
OBJECTS OF ISSUE
1. Funding Capital Expenditure towards purchase of additional equipment.
2. Funding to meet working capital requirements.
3. General Corporate Purpose.
Qualitative Factors
- We provide comprehensive services and solutions to customers across six industries (each of which is an operating segment): Financial Services, Healthcare and Insurance, Manufacturing and Consumer, Hi-Tech and Professional Services, Banking, and Travel and Transportation.
- We leveraged our domain expertise to create three AI-enabled digital platforms that create value for our customers across our service offerings: (1) RapidX™, for digital transformation, (2) Tensai®, for AI-powered automation and (3) Amaze®, for cloud adoption.
- We serve a diverse range of customers, including 31 of the Fortune 500 organizations. In the Financial Year 2023, we derived approximately 62% and nearly 83% of our revenue from operations from customers with over US$5,000 million revenues and over US$1,000 million revenues, respectively (Source: Everest Report).
- We are focused on developing relationships with new customers across the Americas, Europe and APAC through collaborative engagement. We achieve this through our go-to-market strategy, which combines the efforts of our New Customer Acquisition, Account Management, Hybrid Sales and Overlay Sales teams.
- We have a global delivery presence, which allows us to provide innovative solutions to our customers in a flexible and cost-effective manner, by leveraging platforms through our talent pool and an efficient onshoreoffshore service delivery mix.
- Our experienced and long-tenured management team leads our global network of 31,870 employees and is committed to growing the business. We benefit from a seasoned senior management team with significant industry experience.
- Our track record of robust revenue growth, improving margins, and strong cash generation positions us well for continued success and underscores our commitment to delivering value to our stakeholders.
We have a global delivery presence comprising 38 delivery centers supported by 16 offices spread across the Americas, Europe and APAC as of June 30, 2024. As of June 30, 2024, we had a team of 31,870 employees in 28 countries.
- Financial Services: In the Financial Services operating segment, our sub-verticals include mortgage and
lending, asset management and servicing, trade finance, exchanges, private equity firms and global benchmarks and data providers. - Healthcare and Insurance: In the Healthcare and Insurance operating segment, our sub-verticals include property and casualty insurance, life insurance, brokerage, reinsurance and diversified, life sciences, health insurance or payer and provider.
- Manufacturing and Consumer: In the Manufacturing and Consumer operating segment, our sub-verticals include manufacturing, retail and consumer, education, energy, telecom and utilities.
- Hi-Tech and Professional Services: In the Hi-Tech and Professional Services operating segment, our subverticals include independent software vendors, platforms and products, hyperscalers, tax, audit and accounting, legal risk and compliance, and advertising and marketing.
- Banking: In the Banking operating segment, our sub-verticals include digital banking, payments, cards and consumer banking.
- Travel and Transportation: In the Travel and Transportation operating segment, our sub-verticals include airlines and airports, travel technology, logistics and transportation, hotels and the entertainment industry.
We partner with customers across the industries in which we are present, and help our customers to build, transform, run and optimize their technology and business processes through our offerings:
- Design & Build: We help companies launch new products and drive core transformations through digital technologies, leveraging custom software development as well as implementation and enhancement of commercial off-the-shelf software such as Enterprise Resource Planning.
- Secure & Run: We secure, run and optimize IT operations for our customers’ complex IT estates spanning applications, middleware, data, end user devices and hybrid cloud infrastructure.
- Data & AI: We establish robust data foundations for our customers, enabling them to drive sustainable data value creation and achieve agility and trust in data and business insights. We use AI and machine learning (“ML”) technologies to transform data into actionable insights and informed predictions.
- Optimize: Our business process services, powered by generative AI (“Gen AI”), enable personalized interactions, impactful communications, task automation, advanced analytics and effective talent management across diverse industries.
- Cloud Services: Our cloud services form the foundation of our offerings, and we leverage our cloud capabilities across our service lines. Our cloud offerings encompass cloud strategy, cloud modernization and migration and cloud managed services.
Hexaware Technologies Comparison of Accounting Ratios with Peer Group Companies
- Persistent Systems Limited .
- Coforge Limited.
- LTIMindtree Limited.
- Mphasis Limited.
