He will be replaced by Vivek Jetley as CEO for a term of four years, with effect from October 28, 2026. Jetley is a senior executive and president of the Nasdaq-listed EXL.
Ramakarthikeyan had been the CEO since July 28, 2014. His full five-year term as CEO was set to end on March 1, 2028, but he stepped down 16 months prior. He submitted his resignation to pursue personal interests.
He will be appointed as senior advisor to the company from the same date his resignation comes into effect.
What Lies Ahead for Hexaware’s New CEO?
Hexaware cut its revenue guidance for the calendar year 2026 at the end of the second quarter to 6% – 7% compared to the previous guidance of at least 7.6% growth from the year-ago period.
The guidance cut was attributed to delays in deal ramp-up and worsening macros. However, the EBIT margin guidance was maintained between 13% to 14%.
In terms of navigating AI deflation, an overall deflation impact of 20% to 25% is anticipated over four years. The strategy is to create new total addressable markets (TAMs) rather than rely only on market-share gains, the company had highlighted at its Hexaware Day earlier.During the same day, the company had also highlighted how it intends to use AI to create new revenue streams.
Stock reaction
Shares of Hexaware Technologies are now at the lows of the day, currently trading 3.6% lower at ₹524. The stock is well below its issue price of ₹708 apiece.
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First Published: Sept 3, 2026 10:13 AM IST
