Product details

Established by Atul Nishar (Nishar), a renowned Indian IT leader, in 1990, Hexaware Technologies Limited (HTL) first became a force to reckon in 2001 when the company went public and mushroomed into 'one of the largest high-end software companies in India'. Over the years, HTL, the multi-million-dollar global software services and solutions corporation, grew under the strong strategic vision and marketing acumen of Atul Nishar, with revenue and profit increasing multi-fold. But, in a significant move in August 2013, Baring Private Equity Asia (Baring) - a leading Asian PE firm - acquired a 41.8% controlling stake in HTL for USD 465 million, which market observers were not happy with the company's sluggish performance over the last decade. To counter this and propel growth, in July of 2014, HTL appointed Srikrishna Ramakarthikeyan (R Srikrishna) as CEO and Executive Director who immediately unveiled HTL's new 'Shrink IT Grow Digital' strategy that aimed to transform and position the company as a consultative, disruptive player in the IT, BPO, and consulting space. Through initiatives such as this, operational rigour, and a spate of investments under R Srikrishna's stint, the brand's top and bottom line grew considerably. But even as HTL aggressively continued to pursue its ambitious digital transformation strategy under R Srikrishna, in June of 2020, the company delisted itself to become a private entity. Amidst this scenario, can R Srikrishna continue to script HTL's strategic realignment post-delisting successfully?