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Hexaware names Vivek Jetley CEO after 12 years
Livemint··3 Sept
Hexaware Technologies named EXL executive Vivek Jetley as CEO after Ramakarthikeyan Srikrishna's 12-year tenure ended on Wednesday. Jetley, who headed a $1.4 billion business at EXL, takes charge on October 28. Carlyle owns 74.3 percent of Hexaware. Srikrishna will remain as senior advisor. Hexaware ended last year with $1.54 billion in revenue, up 7.6 percent on a yearly basis.
Prism
What It Means For You
- Jetley's four-year CEO term was approved by Hexaware's 11-member board in an 18-minute meeting.
- Srikrishna's five-year term was set to end on March 1, 2028, leaving 14 months early.
- Hexaware stock settled 1.3 percent lower at Rs 545 on the BSE on Wednesday.
What's Happening
- Jetley joined EXL in 2006 and most recently led insurance, healthcare and life sciences.
- Srikrishna oversaw Hexaware's return to stock exchanges in February last year.
- Jetley becomes the company's fourth chief executive after Rusi Brij, P.R. Chandrasekar and Srikrishna.
Hexaware's Growth Picture
- Hexaware cut its 2026 revenue forecast to 6 to 7 percent from at least 7.6 percent after June quarter results.
- Its operating margin rose 80 basis points to 14.4 percent last year.
- Among billion-dollar Indian IT firms, only Coforge and Persistent grew faster last year.
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