2 hrs ago
Hexaware CEO Resigns as Vivek Jetley Named Successor
Hexaware’s current CEO, Ramakarthikeyan, is stepping down from his roles.
He said he is leaving to pursue personal interests.
His resignation will take effect on October 28, 2026.
The company’s board chose Vivek Jetley to become the next CEO.
Jetley currently works at EXL and leads several industry businesses there.
He will serve as Hexaware’s CEO for four years.
Hexaware’s shares have fallen more than the broader BSE Information Technology index this year.
Some analysts remain positive and believe delayed business growth could improve the company’s results later.
Ramakarthikeyan will resign as Hexaware Technologies’ CEO and whole-time director effective October 28, 2026.
The resignation letter says he is leaving to pursue personal interests and will support a smooth transition.
Hexaware’s board approved Vivek Jetley as CEO for a four-year term beginning October 28, 2026.
Jetley is joining from EXL, where he leads the insurance, healthcare and life sciences businesses as president.
Hexaware shares are down 28.13% year-to-date, while the BSE Information Technology index has fallen 19%.
- Who
- Ramakarthikeyan is resigning, and Vivek Jetley has been appointed as Hexaware’s incoming CEO.
- What
- Hexaware Technologies approved a CEO transition after Ramakarthikeyan submitted his resignation.
- Where
- The change concerns Hexaware Technologies Limited; Jetley is joining from EXL.
- When
- The resignation and appointment take effect on October 28, 2026; Jetley’s term is four years.
- Why
- Ramakarthikeyan cited personal interests, while the board approved Jetley following the Nomination and Remuneration Committee’s recommendation.
Cautious market view
More optimistic analyst view
Share performance and guidance
Cautious market view
Hexaware shares have fallen 28.13% year-to-date, worse than the 19% decline in the BSE Information Technology index, and the company recently lowered its 2026 revenue guidance.
More optimistic analyst view
MOFSL said growth appeared to be deferred rather than lost, while CLSA, Kotak Institutional Equities and Axis Capital retained Buy or Accumulate ratings after Hexaware’s AI Day.
Near-term growth outlook
Cautious market view
Delayed deal ramp-ups and the lower 2026 guidance indicate that some expected growth may take longer to appear.
More optimistic analyst view
MOFSL expects delayed deal ramp-ups, continued momentum in modernisation programs and healthy growth in banking, healthcare and manufacturing to support a stronger 2026 exit and a better starting point for 2027.
Key facts
- Outgoing CEO
- Ramakarthikeyan
- Incoming CEO
- Vivek Jetley
- Effective date
- October 28, 2026
- Incoming CEO term
- Four years
- Hexaware share performance
- Down 28.13% year-to-date
- BSE Information Technology index
- Down 19% over the same period
- Recent guidance
- Hexaware recently lowered its 2026 revenue guidance
Quotes
Ramakarthikeyan
Outgoing chief executive officer and director of Hexaware Technologies
“Serving in this role has been one of the most fulfilling chapters of my professional life, and I am deeply grateful for the trust placed in me by the Board, our shareholders, and the broader Hexaware family.”
businesstoday.in
Sources
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