Synopsis : Hexaware Technologies is reinforcing its US ambitions with a $50 million infusion into its wholly owned subsidiary to fuel expansion by December 2026. This strategic move aligns with Hexaware's sustained growth momentum, following a strong Q4 performance.
Hexaware Technologies Ltd has announced a significant investment of $50 million (Rs 428 crore) in its US subsidiary, Hexaware Technologies Inc, aiming to bolster business operations and expansion in the critical US market by December 2026. The investment will be infused through equity share capital or other instruments in one or more tranches, as per the company’s regulatory filing.
The board has also approved the allotment of 53,144 equity shares under the Hexaware Employees Stock Option Plan 2015 to identified employees, including those in subsidiaries, reinforcing its commitment to employee ownership and growth alignment.
This announcement follows Hexaware's robust Q4 results in May, where it reported a net profit of Rs 327.20 crore, a 17.02% increase from the previous year, and a revenue growth of 16.7% to Rs 3,207.90 crore, reflecting continued operational excellence and market demand.
With this fresh capital infusion, Hexaware plans to further accelerate its US operations, leveraging its expanding service portfolio to capture a greater share in digital transformation and technology services across North America.
Disclaimer : This article is for informational purposes only and does not constitute financial advice or investment recommendations.
