Evolution of Hexaware: From Inception to Carlyle Acquisition
Hexaware Technologies Ltd. was founded in 1990 by Atul Nishar as a software services company providing software development and maintenance services primarily to clients in the United States and Europe. Over the years, the company expanded its service offerings to include a wide range of IT solutions. In 2013, Baring Private Equity Asia Ltd. acquired a majority stake in Hexaware. In June 2021, The Carlyle Group acquired a majority stake in the company from Baring Private Equity Asia Ltd., marking Carlyle’s entry into the Indian IT sector.
In a major move, Carlyle Group Inc. is considering a significant step involving Indian IT giant Hexaware Technologies Ltd. Here’s a brief rundown of what you need to know about this potential development:
Potential IPO
Carlyle Group, a prominent US investment firm, is exploring options to raise funds for Hexaware. This includes the possibility of conducting an initial public offering (IPO) for Hexaware, which could raise up to $1 billion.
Hexaware’s Profile
Hexaware Technologies Ltd. is a leading IT company offering a range of services, including IT outsourcing, cloud computing, data services, and artificial intelligence solutions. The company’s diverse offerings cater to various industries, positioning it as a key player in the Indian IT sector.
Strategic Considerations
Carlyle’s interest in the company stems from its growth potential and the lucrative opportunities offered by the Indian IT market. The potential IPO aims to unlock value and provide investors with an opportunity to participate in Hexaware’s growth story.
Alternatives Considered
While an IPO is the primary consideration, Carlyle is also exploring alternatives such as selling a stake in the company to another investment firm or industry peer. Final decisions are yet to be made, and details of the IPO are subject to change.
Market Impact
It reflects growing confidence in India’s tech industry and highlights the potential for substantial returns for investors.
Hexaware Share Price (as on 26.03.2024)
- The buy price of Hexaware varies based on quantity, ranging from 875 for quantities between 15 – 50 shares to 845 for quantities between 601 – 1149 shares, with corresponding rates per share.
- The 52-week high is 845, and the 52-week low is 545 indicating the range of fluctuations in the share price. Additionally, the sell price of Hexaware is fixed at 775.
Financial Metrics for Hexaware(as on 26.03.2024)
| Particulars | Amount |
| Price to Earning Ratio (P/E) | 28.86 |
| Price to Sales Ratio (P/S) | 2.77 |
| Price to Book Value (P/B) | 6.19 |
| Market Capital | 25527.17 Cr |
| Industry PE | 18.87 |
Currently, the companys’s Share Price is trading at around Rs. 850/share, CLICK HERE to Invest.
In summary, Carlyle’s contemplation of a $1 billion IPO for Hexaware represents a significant development in the Indian IT sector. It underscores the confidence in India’s tech industry and signals potential opportunities for investors. As the situation evolves, all eyes will be on Carlyle and Hexaware to see how this potential IPO unfolds and its impact on the broader market.
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