Hexaware Technologies Share Price Falls 4 Percent as CEO Resigns, Vivek Jetley Named Successor

Hexaware Technologies share price Rs 523.15, down 4.01%. CEO Srikrishna Ramakarthikeyan to step down Oct 28; Vivek Jetley named CEO-designate. Intraday high Rs 538, low Rs 519.05.

Updated: 3 Sept 2026 • 11:50 am

Posted by:

Hexaware Technologies Share Price Falls 4 Percent as CEO Resigns, Vivek Jetley Named Successor

Quick Answer

Hexaware Technologies share price fell 4.01 percent to Rs 523.15 on 3 September 2026 after the company announced a leadership transition. Srikrishna Ramakarthikeyan will step down as CEO and as a member of the Board of Directors, effective 28 October 2026, and will continue with the company as a senior adviser to ensure a smooth transition. Hexaware Technologies has appointed Vivek Jetley as CEO-designate, and he will join the company and assume the role of CEO on the same date, 28 October 2026. Hexaware Technologies share price touched an intraday high of Rs 538 and a low of Rs 519.05 during the session.

Hexaware Technologies share price fell sharply, down 4.01 percent to Rs 523.15, on 3 September 2026 after the company announced a change at the top of its leadership. Current CEO Srikrishna Ramakarthikeyan will step down from his role and from the Board of Directors, effective 28 October 2026.

Hexaware Technologies has named Vivek Jetley as CEO-designate, and he is set to join the company and formally take over as CEO on 28 October 2026, the same date on which Ramakarthikeyan's exit becomes effective, ensuring a defined handover date for the leadership transition.

Click Here – Get Free Investment Predictions

Table of Contents

What Does the Leadership Transition at Hexaware Technologies Involve?

Under the announced transition, Srikrishna Ramakarthikeyan will step down as CEO and as a member of the Board of Directors effective 28 October 2026, but will continue with Hexaware Technologies in an advisory capacity as a senior adviser, a structure designed to help ensure continuity during the leadership change. Vivek Jetley will join as CEO-designate ahead of formally assuming the CEO role on the same date.

Why Did Hexaware Technologies Share Price Fall on the News?

Hexaware Technologies share price often reacts sharply to leadership changes, as is common across the IT services sector, where investor confidence is closely tied to a CEO's strategic direction. A near 4 percent single-day decline in Hexaware Technologies share price reflects some near-term uncertainty among investors about the transition, even though the outgoing CEO will remain available in an advisory role.

The retention of Ramakarthikeyan as a senior adviser is intended to smooth the handover and preserve institutional knowledge, a structure that could help limit disruption to Hexaware Technologies share price and the company's ongoing client engagements during the transition period.

Hexaware Technologies Company Overview and Valuation

Hexaware Technologies share price reflects a market capitalisation of around Rs 33,300 crore and a price to earnings ratio of 24.80, above the broader IT sector average of 19.22. The company's return on equity stands at 20.02 percent, with a dividend yield of 2.10 percent, reflecting its position as a mid-sized but well-established player in India's IT services industry.

Check Live Stock Data on the Univest Screener

What Should Investors Watch During This Leadership Transition?

Investors tracking Hexaware Technologies share price should watch for commentary from incoming CEO Vivek Jetley on strategic priorities once he takes over, along with how the company's key client relationships evolve during the handover period. Quarterly earnings updates will also be closely watched for signs of continuity in Hexaware Technologies share price.

Conclusion

Hexaware Technologies share price fell 4.01 percent on 3 September 2026 after the company announced that CEO Srikrishna Ramakarthikeyan will step down effective 28 October 2026, with Vivek Jetley named as his successor. While the outgoing CEO will remain as a senior adviser to support the transition, the market's reaction suggests some near-term uncertainty. Investors should track further updates on the leadership handover and consult a SEBI-registered advisor before making any investment decision.

Download the Univest iOS App or Univest Android App to track live prices and get daily stock updates.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

Frequently Asked Questions

Why did Hexaware Technologies share price fall today?

Ans. Hexaware Technologies share price fell 4.01 percent after the company announced that CEO Srikrishna Ramakarthikeyan will step down effective 28 October 2026, with Vivek Jetley named as his successor.

Who is the new CEO of Hexaware Technologies?

Ans. Vivek Jetley has been appointed as CEO-designate of Hexaware Technologies and will formally assume the role of CEO on 28 October 2026.

When does the Hexaware Technologies CEO transition take effect?

Ans. The leadership transition at Hexaware Technologies takes effect on 28 October 2026, when outgoing CEO Srikrishna Ramakarthikeyan steps down and Vivek Jetley takes over.

Will the outgoing CEO continue with Hexaware Technologies?

Ans. Yes, Srikrishna Ramakarthikeyan will continue with Hexaware Technologies as a senior adviser after stepping down as CEO, to help ensure a smooth leadership transition.