Hexaware announces a new organisation structure; to execute the aggressive growth plans of the Company
Hexaware will now have three distinct verticals- BFSI, Travel and Transportation and Emerging Verticals (Manufacturing and Healthcare); A new Business Technology Optimization (BTO) horizontal is created; subsidiaries emerge as strong service lines; Deepak Rao and Anirban Chakraborty join Hexaware from Siemens Information System (SIS) and TCS and will head the BFSI and Emerging Verticals respectively; Yogen Shah will now head the Travel and Transportation vertical; Milind Kalurkar promoted as the APAC head
Tweet-- Hexaware Technologies, a leading global provider of IT & BPO services and consulting, today, announced a new organisation structure. This strategic realignment is in line with the Company’s move to strengthen the organisation.
Commenting on the development P. R. Chandrasekar, CEO and Vice Chairman, Hexaware said, “The planned structure will facilitate aggressive account mining, enable us to define and penetrate target accounts better and provide greater value to our customers. We believe it will also foster a more collaborative approach within Hexaware, spurring our accelerated growth in the future.”
Vertical Organization
Hexaware will now focus on three distinct Business Units;
· Banking Financial Services and Insurance (BFSI)
· Travel and Transportation
· Emerging Verticals.
The Emerging verticals unit will focus on seeding the Manufacturing and Healthcare domains and will also include existing non BFSI and non Travel and Transportation under one roof for better management. Yogendra Shah who was overseeing the APAC geography for Hexaware will now head the Travel and Transportation vertical. The BFSI vertical will be headed by Deepak Rao, who joins Hexaware from Siemens Information Systems Ltd. Anirban Chakraborty who joins Hexaware from Tata Consultancy Services, will head the Emerging Markets vertical.
Delivery / Horizontal Organization
The delivery organisation will be divided into three definite horizontals
· Business Technology Optimization (BTO )
· ERP and BI
· Delivery Centers
The new global BTO organization will be formed by combining Focus Frame and Hexaware’s testing practice and will be chartered with the task of creating a world class outfit with a complete testing suite comprising of automated and manual testing tools.
R V Ramanan will continue to head the global delivery organization.
· Subsidiaries
The subsidiaries, Caliber Point the BPO subsidiary and RiskTech will continue to be strong business lines for Hexaware and they will be aligned to work very closely with the vertical and geography sales teams to further customer penetration in all markets.
Geography/Sales Organization
The geography and sales force of Hexaware is also restructured to reflect the vertical orientation as well the strengthening of the horizontals. The sales force will continue to be headed by the respective geography heads:
· Rajiv Pant continues to head the North America geography.
· Sunil Surya continues to head the UK and Europe geography.
· Milind Kalurkar will now head the APAC geography. In his previous role, Milind used to head the India sales operations.
New Appointments
At SIS, Deepak Rao was Vice President – Financial Services vertical and was spearheading the company’s growth in US, UK and India. In his new role in Hexaware, he will be responsible for growing the global BFSI business by transforming the organization from a technology centric one to an industry domain and consultative one. He has a Bachelor’s degree in Engineering from IIT, Mumbai and a Post Graduate Diploma in Management Studies from IIM, Calcutta. His previous stints included working at Philips India, KPMG Consulting, Coopers & Lybrand Consulting, Infosys, and Wipro.
Anirban Chakraborty brings over 19 years of experience in IT services, business solutions and building relationships with MNCs and local market leaders in various industry verticals in North America and Asia Pacific. He joins Hexaware from TCS where he was Head of Life Sciences for North America. Prior to TCS, he has worked with Indian giants like HMT CNC systems and SAIL. As Emerging Markets Head, Anirban will lead the Manufacturing, Healthcare and all non BFSI and non TTHL business globally for Hexaware. Anirban is a B. E. graduate from Madan Mohan Malviya Engineering College, Gorakhpur, India
Notes to Editor
About Hexaware
Hexaware is a leading global provider of IT and BPO services. The Company has achieved leadership position in domains such as Banking, Financial Services, Insurance, Transportation, Logistics and HR-IT solutions. Hexaware focuses on delivering business results leveraging technology solutions and specializes in Business Intelligence & Analytics, Enterprise Applications, Independent Testing and Legacy Modernization. Hexaware has been providing technology solutions for business for 18 years and offers world class service delivery, technology leadership and skilled human capital. For additional information logon to www.hexaware.com
Safe Harbor Statement
Certain statements on this press note concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to
successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Hexaware has made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry.