Hexaware Technologies Net Worth is611.0 $Million
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Logo: Image:Hexaware Technologies Logo.svg
Type: Public
Traded As: 532129, HEXT
Foundation: 1990
Founder: Atul Nishar
Location City: Mumbai
Location Country: India
Locations: Mumbai, Bangalore, Chennai & Pune
Key People: Atul Nishar Services: Information technology and Business Process Outsourcing
Revenue: 678.58/c(2011) Net Income: 231.98/c(2011) Num Employees: 8,317 (December 2011) Parent: Apple Industries
Homepage: http://hexaware.com/
Intl: India, USA, Japan & Germany
Hexaware Technologies Limited (HTL) (BSE: 532129, NSE: HEXT) is an information technology and business process outsourcing service provider company based in Mumbai, India. The company provides software services in airlines, banking and financial services and health care insurance sectors. The company is currently assessed as a CMMI level 5 company and since 2005, NASSCOM has ranked Hexaware as India's 11th IT company in list of top 20 Current employee strength is above 7000 with over 175 clients. Company operates from multiple offices in countries like Japan, USA, Canada, Singapore, Netherlands, Belgium and Germany apart from India. After starting facilities in Chennai, the company started its third development center in Pune in 2006. In a separate survey of 2006, it was rated the sixth Best IT Employers from India.
Atul Nishar, the founder of Hexaware, started Aptech computer education in 1984, which went on to become a noted Indian IT education provider. Later the company started providing business solutions and made into a separate IT division of Apple Industries. In 1990 it was spun into a new company which functioned for nearly a decade. In 2002 major restructuring happened as all the training activities were demerged into Aptech and business solutions were made part of Hexaware Technologies Ltd. Aptech was later sold to SSI the same year. Also same year, Hexaware's fully owned subsidiary Caliber Point Business Solutions was started with an investment of INR 5 crore Business Process Outsourcing (BPO) operations. Caliber Point mainly focuses on the global healthcare industry with specialty in claims processing services.
In 2005, Hexaware faced problems after PeopleSoft, a key client, was acquired by Oracle Corporation. Hexaware was amongst the top five vendors of PeopleSoft and had set up operations under a Build-Operate-Transfer (BOT) agreement. However after Peoplesoft's acquisition, this center was transferred to Oracle; along with some section of its e

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