'Hexaware actively seeking mid-sized and large deals'

Amid the global economic crisis, Hexaware Technologies, a global IT services provider, is seeing substantial growth prospects.

- Sohini Bagchi

In an interview with TechCircle, chief executive Srikrishna Ramakarthikeyan shares his views on using digital technologies for growing its business, besides outlining the company’s strategy for emerging technologies like generative artificial intelligence, and plans for future growth and acquisitions. Edited excerpts:

How has the transition been from a publicly-listed company to a private firm?

Our philosophy is that a change in ownership does not impact how we operate as a company and what we do right. The focus on our employees has not changed materially following the change from public to private or due to the transition to Carlyle. The long-term trajectory of what we do remains unchanged because the management, including myself, outlives any ownership cycle. I have been with the company for nine years and witnessed all these changes. Our view on building the business is longer term than specific ownership cycles, and our goals and approach with clients and employees remain the same.

The firm changed ownership from one private equity firm to another. How does the strategic direction of the two private equity firms differ? Is a strategic buyout or an IPO the only probable outcome?