Hexaware Technologies stock gains 5% on Project NANDA Fellowship collaboration to advance AI agents

Shares of Hexaware Technologies gained nearly 5% on Tuesday to hit a day’s high of Rs 527 on the NSE after the company announced its collaboration with Project NANDA Fellowship to build the future of AI agents.

According to an exchange filing, Hexaware said the collaboration is with Project NANDA Fellowship, a three-month, fully remote AI fellowship programme that gives developers hands-on experience building open-source infrastructure for the emerging Internet of AI Agents.

The fellowship is hosted by FAN, the umbrella program behind Project NANDA, and is supported by Hexaware as part of the company's participation in the open agentic web ecosystem.


Also Read |Hexaware Technologies shares rally 5%; Motilal Oswal reiterates buy with target price of Rs 720

This program is built around one of the defining technical challenges of the coming decade: how autonomous AI agents discover, verify, and coordinate with one another at scale within agentic AI workflows.

Fellows contribute directly to Project NANDA, an initiative that originated at the MIT Media Lab and is building the foundational infrastructure, standards, and reference implementations for an open, decentralized Internet of AI Agents and their work feeds into Project NANDA's open-source community and advances components such as agent discovery, verifiable identity, and secure coordination across organizational boundaries.

This project focuses on how billions of AI agents can discover one another, verify capabilities, and coordinate tasks without creating bottlenecks or security vulnerabilities.

The company said the inaugural cohort brings together more than 10 fellows, including Hexaware engineers and external developers selected from a global applicant pool. Participants receive a competitive stipend, direct mentorship and the opportunity to contribute code to live, open-source agentic infrastructure rather than simply work on classroom exercises.

By keeping the cohort small, the program preserves close mentorship and meaningful contribution for every Fellow. For Hexaware, the association reflects a twofold objective: helping to train the next generation of AI infrastructure engineers and contributing to the open agentic web and the broader open-source community advancing it.

The initiative complements Hexaware's own investments in agentic AI, including its AI delivery layer, Zerovity. It also extends the company's engagement with the research and developer communities shaping how AI agents will operate in production.

The company also said that applications for the Project NANDA fellowship are now open to developers worldwide and the priority review deadline is September 19, 2026; applications received by that date are given priority consideration.

Also Read | Hexaware names Vivek Jetley as next CEO as Ramakarthikeyan quits

Hexaware Technologies share price movement

Shares of Hexaware Technologies fell 8.59% over the past month. Year-to-date, the stock was down 31.28%, while it declined nearly 32% over the past year.

Disclosure: This article has been written by Surbhi Khanna, who is not a SEBI-registered Research Analyst or an investment advisor . Surbhi Khanna does not hold any financial interest in Economic Times as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of the EconomicTimes Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment.