Strategic Initiative Summary
Hexaware Technologies Limited has opened a new delivery center at Gujarat International Finance Tec-City (GIFT City), India's premier international financial services hub. The center was inaugurated by Shri Bhupendra Patel, Hon'ble Chief Minister of Gujarat.
Facility Purpose and Services
The new delivery center will serve Hexaware's global banking, financial services, and insurance (BFSI) clients across multiple service domains:
- Digital solutions
- Artificial intelligence (AI)
- Cloud transformation
- Data engineering
- Next-gen software services
Employment Impact
The company aims to create approximately 1,000 high-skilled jobs over the next three years in the following areas:
- Software engineering
- Digital transformation
- AI and cloud services
- Data analytics
- Business operations
- Customer experience services
Strategic Rationale
The expansion builds on Hexaware's established presence in Ahmedabad and Gujarat. The GIFT City location represents a strategic choice due to:
- Convergence of financial services, technology, and innovation
- Quality of talent available
- Policy framework established by the state government
- Proximity to customers while leveraging India's talent ecosystem
Leadership Commentary
Chief Minister Bhupendra Patel stated: "The establishment of Hexaware's delivery center at GIFT City is a strong endorsement of Gujarat's position as a globally competitive destination for financial services and technology. This is the kind of high-value investment the state has been building toward."
R. Srikrishna, CEO & Executive Director, Hexaware commented: "GIFT City represents a unique convergence of financial services, technology, and innovation. Our expansion into GIFT City aligns with our strategy of being closer to our customers while leveraging India's exceptional talent ecosystem."
Vikash Kumar Jain, Chief Financial Officer, Hexaware added: "GIFT City presents a compelling proposition for a company of Hexaware's focus and scale. The financial services landscape, the quality of talent, and the policy framework the state government has put in place made this a clear decision for us."
Geographic Expansion
This center adds to Hexaware's growing delivery footprint in India and specifically supports the company's work with BFSI clients across global markets.