Hexaware bags USD 177 mn business from US client

Expected to ramp the team up to a peak size of over 600 personnel operating under global delivery centers

PTI | July 19, 2011



IT and BPO services provider Hexaware on Monday said it has secured a large contract that is likely to get the company a potential revenue of USD 177 million over the five years. "Under this contract, Hexaware is expected to ramp the team up to a peak size of over 600 personnel operating under global delivery centers. It is envisaged that Hexaware will offer Information Technology (IT) and BPO services from 15 locations spread globally," Rajiv Pant, President and Head - America Operations, Hexaware Technologies said in a statement. Through this contract, the company has a potential USD 100 million worth incremental business while extending existing business worth another USD 77 million over the course of the five-year agreement, the statement said. Cheering the news, Hexaware stock today shot up by over five per cent to close at Rs 75.75 a piece on the BSE. The company said it has been associated with this leading United States-headquartered multinational corporation for several years, and with this deal further increases its revenue size from the client. The statement did not disclose name of the company but indicated it is a leading Business Process Outsourcing (BPO) client for its subsidiary Caliber. Heaware said that it expects the ramp-up of the execution team to happen over the next four to six quarters. "This is our third large deal signed in the past three months," P R Chandrasekar, CEO and Vice Chairman, Hexaware Technologies said.

Comments

 

Other News

What the nine Indian Nobel winners have in common

A Touch Of Genius: The Wisdom of India’s Nobel Laureates Edited by Rudrangshu Mukherjee Aleph Books, Rs 1499, 848 pages  

Income Tax dept holds Ghatkopar Outreach on new IT Act

The Income Tax Department organised an outreach programme in Ghatkopar, Mumbai, to raise awareness about the key features of the Income Tax Act, 2025, effective April 1, 2026. The initiative is part of a nationwide effort to promote taxpayer awareness, simplify compliance, and strengthen a transparent, eff

Making AI work where governance is closest to people

India’s next governance leap may not solely come from digitisation. It will come from making public systems more intelligent, more adaptive, and more responsive to the dynamics at the grassroots. That opportunity is especially significant at the panchayat level, where governance is not an abstract po

Borrowing troubles: How small loans are quietly trapping youth

A silent crisis is playing out in the pocket of young India, not in stock markets or government treasuries, but in smartphones of college students and first-jobbers who clicked on the Apply Now button without reading the small print.  A decade ago, to take a loan, you had to do some paperwor

A 19th-century pilgrim’s progress

The Travels of a Sadhu in the Himalayas By Jaladhar Sen (Translated by Somdatta Mandal) Speaking Tiger Books, 259 pages, ₹499.00  

India faces critical shortage of skin donors amid rising burn cases

India reports nearly 70 lakh burn injury cases every year, resulting in approximately 1.4 lakh deaths annually. Experts estimate that up to 50% of these lives could be saved with adequate access to skin donations.   A significant concern is that around 70% of burn victims fall wi


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter