Facebook Pixel Our industry outperformance is not a one-year story | Business Standard - newspaper - Lee esta historia en Magzter.com

Intentar ORO - Gratis

Our industry outperformance is not a one-year story

Business Standard

|

March 14, 2025

Midcap information technology (IT) services firm Hexaware Technologies returned to public markets with the country's largest initial public offering (IPO) by an IT services company. The firm also announced its full-year 2024 results, reporting 13.7 per cent year-on-year growth. R SRIKRISHNA, chief executive officer (CEO) of Hexaware, discusses with Shivani Shinde in Mumbai the timing of the IPO and the company's growth strategy. Edited excerpts:

- R SRIKRISHNA

Our industry outperformance is not a one-year story

The timing of Hexaware's IPO was unusual, given that the sector is experiencing one of its slowest growth phases and market conditions are shifting. What was the rationale behind it?

I'm not overly concerned about daily stock price fluctuations—we are in this for the long term. Our investors have already seen strong returns. In fact, a down market presents an even better opportunity for investors to enter.

One way to look at it is that we were the last to go public in a challenging market. The day we listed, the market wasn't at its best, but that didn't deter us.

The reality is that every company, regardless of industry, is striving to become a platform-driven business. There is no shortage of long-term, secular demand for our services.

How do you see the impact of artificial intelligence (AI) on growth?

There is some truth to the statement that software engineering will be compressed. If I need to write a piece of code, it'll take me less time, but the volume of code that needs to be written is multiplying all the time.

The current slowdown for the sector has been the longest. How has it impacted you?

MÁS HISTORIAS DE Business Standard

Business Standard

Orissa HC asks MHA to formulate uniform policy to freeze bank a/cs

Says blanket freeze hurts businesses and individuals

time to read

1 mins

March 12, 2026

Business Standard

Business Standard

The return of the nativists

The most potent signs of the integration of India’s people emerged in the first days of the Covid-19 lockdown six years ago. As shops and factories downed shutters and construction sites froze, tens of thousands of workers and their families took to the roads. Unceremoniously evicted by employers and landlords, they were forced to make their way home from the boom towns of the south and west — on foot, bicycles, bullock carts (the lucky ones by lorry or trains) — to Bihar, Uttar Pradesh, Uttarakhand, Rajasthan and West Bengal.

time to read

3 mins

March 12, 2026

Business Standard

Operational hurdles in KYC, high costs deter int'l investors in GIFT City

IFSCA considering video KYC for foreign nationals

time to read

2 mins

March 12, 2026

Business Standard

SBI, MUFG sign pact on M&A, aviation and realty

State Bank of India (SBI), the country’s largest lender, on Wednesday said it had signed a strategic partnership agreement with Japan-based MUFG Bank to explore collaboration in structuring and financing projects, focusing on sectors such as mergers and acquisitions (M&A), aviation, and real estate finance, to support Indian and global clients.

time to read

1 mins

March 12, 2026

Business Standard

Sensex enters correction territory; Nifty on verge

Weak sentiment

time to read

1 min

March 12, 2026

Business Standard

Iran warns world: Get ready for oil at $200/bbl

Three merchant ships hit by projectiles in Strait of Hormuz

time to read

2 mins

March 12, 2026

Business Standard

Rethinking FDI

Policy must evolve with changing realities

time to read

2 mins

March 12, 2026

Business Standard

Adhere to fiscal deficit norms: NITI to states

NITI Aayog urges state governments to manage expenditure, broaden GST base and enhance tax capacity

time to read

1 min

March 12, 2026

Business Standard

Business Standard

Getting to the AI frontier

India cannot remain only a user of AI systems shaped elsewhere. It must transition from access to leadership

time to read

4 mins

March 12, 2026

Business Standard

Business Standard

AI incites a new wave of grieving parents fighting for online safety

On a video call with grieving parents two years ago, Megan Garcia shared how she had lost her son, Sewell.

time to read

4 mins

March 12, 2026

Listen

Translate

Share

-
+

Change font size