Hexaware Technologies Limited - IPO

1. Deep domain expertise delivered through comprehensive solutions across industries.

2. AI-led digital capabilities and platforms built in-house with innovation as a strategic pillar.

3. Long-term and embedded relationships with diversified blue-chip customer base.

4. Go-to-market strategy focused on customer acquisition and expansion.

5. Global, scalable, flexible delivery model with a certified and skilled talent pool.

6. Experienced and tenured leadership driving a people-first and thriving organizational culture.

7. Track record of growth and cash generation.

1. The company derived 73.4% and 71.5% of its revenue from operations from the Americas and 20.5% and 22.1% of its revenue from operations from Europe for the nine months ended September 30, 2024 and the Financial Year 2023, respectively. Any adverse changes in economic conditions that negatively affect the economic health of the geographies and markets in which the company has a presence could affect its business, financial condition and results of operations.

2. The company derived 28.3% and 21.2% of its revenue from operations for the nine months ended September 30, 2024 and 27.2% and 21.7% of its revenue from operations for the Financial Year 2023 from the company customers in the `Financial Services' and `Healthcare and Insurance' operating segments, respectively. Any factors that negatively affect these operating segments could affect its business, financial condition and results of operations.

3. Its business depends on the company ability to attract and retain highly skilled professionals. If the company fails to attract, retain, train and optimally utilize these professionals, its business may be unable to grow and the company results of operations and profitability could decline.

4. A reduction in the outsourcing budgets by its existing and prospective customers could affect the company pricing and volume of work.

5. The Company will not receive any proceeds from the Offer.

6. Its results of operations may suffer if the company is not able to improve or maintain its resource utilization or employee productivity levels.

7. The company employee benefits expense and subcontracting charges accounted for 83.7% of its total expenses for the nine months ended September 30, 2024, and 84.5% of the company total expenses for the Financial Year 2023. An increase in employee and subcontractor costs, including on account of changes in regulations, may prevent it from maintaining the company competitive advantage and may reduce its profitability.

8. A significant portion of its revenue from operations is attributable to certain top customers, and often the company is not their exclusive IT services provider. If its cannot maintain and expand the company existing customer base, its business, financial condition and results of operations may be adversely affected.

9. Foreign exchange-related risk could adversely affect its business.

10. The company is vulnerable to cyber-attacks, computer viruses, ransomware and electronic break-ins which could disrupt its operations and have a material adverse effect on the company business, financial performance and results of operations.