India's Hexaware CEO Srikrishna quits, EXL veteran named successor
Hexaware announced Vivek Jetley will become its new CEO on October 28. He joins after a twenty-year career at Nasdaq-listed EXL. Srikrishna Ramakarthikeyan resigned to pursue personal interests after a decade. This leadership change occurs as I...
By Reuters |
Agencies
Hexaware names Vivek Jetley as its new CEO amid leadership changes and a cautious 2026 growth outlook for India’s IT sector.
Indian IT services firm Hexaware said on Wednesday that Vivek Jetley, a senior executive at Nasdaq-listed EXL, would take over as its CEO, effective October 28.
The company said Srikrishna Ramakarthikeyan had resigned as CEO to pursue personal interests and will be relieved of his duties next month. He held the post for over a decade and also oversaw Hexaware's listing on the bourses last year.
Read more: Hexaware Tech to use South Africa as base to offer AI-led solutions across African continent
The resignation comes as Indian IT services firms face the double whammy of AI-related disruption and macro overhang that is forcing clients to tweak tech spends.
Hexaware, the country's 10th-largest IT firm by revenue, cut its calendar-year 2026 annual forecast to 6% to 7% from a prior view of at least 7.6% after its June quarter results.
Read more: Clients moving beyond AI pilots to roadmaps with clear returns: Hexaware CEO
Jetley joins Hexaware after a two-decade stint at EXL where he was a president and led the insurance, healthcare and life sciences business.
The company said Srikrishna Ramakarthikeyan had resigned as CEO to pursue personal interests and will be relieved of his duties next month. He held the post for over a decade and also oversaw Hexaware's listing on the bourses last year.
Read more: Hexaware Tech to use South Africa as base to offer AI-led solutions across African continent
The resignation comes as Indian IT services firms face the double whammy of AI-related disruption and macro overhang that is forcing clients to tweak tech spends.
Hexaware, the country's 10th-largest IT firm by revenue, cut its calendar-year 2026 annual forecast to 6% to 7% from a prior view of at least 7.6% after its June quarter results.
Read more: Clients moving beyond AI pilots to roadmaps with clear returns: Hexaware CEO
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Jetley joins Hexaware after a two-decade stint at EXL where he was a president and led the insurance, healthcare and life sciences business.
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