BSECompany Update2d ago · 5 Nov 2026, 01:52 pm
Press Release
Hexaware Technologies Ltd · 544362
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Hexaware Technologies Ltd has been selected as a strategic technology partner by the European Bank for Reconstruction and Development (EBRD) for a five-year partnership to support the EBRD's Technology Blueprint Northstar through AI and continuous improvement.
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Hexaware Technologies Ltd - 544362 - Hexaware Selected As Strategic Technology Partner By The European Bank For Reconstruction And Development
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HEXT/SE/2026/117
Date: November 05, 2026
To, To,
Listing Department Department of Corporate Services
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, Bandra-Kurla Complex, Phiroze Jeejeebhoy Towers,
Bandra (East), Mumbai - 400 051 Dalal Street, Mumbai - 400 001
Symbol: HEXT Scrip Code: 544362
Dear Sir,
Sub: Press Release
Please find enclosed Press Release on Hexaware Selected as Strategic Technology Partner
by the European Bank for Reconstruction and Development.
This information will also be hosted on the Company’s website at www.hexaware.com
Kindly take the same on record.
Yours faithfully,
For HEXAWARE TECHNOLOGIES LIMITED
Gunjan Methi
Company Secretary and Compliance Officer
HEXAWARE TECHNOLOGIES LIMITED
Regd. Office: 8th Floor, 13th Level,Q1, Loma Co-Developers1 Private Limited, Plot No.Gen-4/1,TTC Industrial Area,
Ghansoli, Navi Mumbai-400710, Maharashtra, India | Tel: +91 022 3326 8585 | Email: investori@hexaware.com
CIN: L72900MH1992PLC069662 | URL: www.hexaware.com
Hexaware Selected as Strategic Technology Partner by
the European Bank for Reconstruction and
Development
Five-year partnership to support the EBRD’s Technology Blueprint Northstar through AI and
continuous improvement
November 5, 2026: Hexaware Technologies [NSE: HEXT], a global AI-first digital and IT solutions
company, has been selected as strategic technology partner for the European Bank for
Reconstruction and Development (EBRD). The five-year Strategic Partner Framework covers the
Bank’s Run-Change-Transform technology portfolio.
The EBRD’s Technology Blueprint focuses on driving efficiency, effectiveness and innovation
through digitally enabled processes powered by AI, data, and intelligent automation. Hexaware
will help embed AI into the Bank’s operations and establish a continuous improvement engine to
identify optimization opportunities, automate processes, and drive increased efficiencies in our
delivery model. The partnership focuses on measurable outcomes alongside fixed capacity and
resource augmentation delivery.
Partnership Highlights
• Technology services: Software engineering and quality assurance; IT operations and
support; IT security, identity and access management; cloud, data, and analytics; SAP
application support and modernization; treasury risk operations; and low-code, no-code,
and AI-powered development
• As part of the framework, Hexaware plan to deploy their AI frameworks: RapidX® for
agentic software development lifecycle acceleration; Amaze® for AI-powered data
engineering and modernization; Tensai® Reasoning Ops for intelligent operations and
AIOps
• Delivery model: Hexaware operating as an integrated part of the EBRD’s technology
organization, supported by onshore and offshore delivery centers, with enterprise-grade
AI deployment at scale.
Simon Reeves, Director of Technology, EBRD, said, “The Strategic Parter Framework is about
creating deeper partnerships that are aligned to outcomes yet constantly drive continuous
improvement. We want our strategic partners operating as part of one team, no matter where they
are based geographically. As an existing Partner, we’re pleased to strengthen and deepen our
relationship with Hexaware and look forward to their innovation, capability and fresh thinking
while helping us to deliver the objectives of our Tech Blueprint.”
Subhash Jose, Managing Director for IT and Chief Information Officer, EBRD, said, “Our Tech
Blueprint is about building a technology organisation that continuously improves, adapts and
delivers greater value to the Bank. The Strategic Partner Framework plays an important role in that
journey, helping us to combine strong engineering foundations with AI, automation and modern
ways of working to improve how we deliver technology services.”
Parameshwaran Iyer, EVP & Head, Europe, Hexaware, said, “This partnership is a significant
validation of our AI-native solution delivery model and our commitment to global development
and stability. We intend to take this approach to other International Financial Institutions and
Multi-lateral Development Banks to help them foster long-term economic growth across
European nations”
Parag Pawar, BFS Portfolio Head, Europe, Hexaware, said, “We’re excited to bring these
capabilities to the EBRD and are committed to delivering sustained, measurable efficiency gains
through intelligent automation, continuous improvement, and enterprise-grade, governance-
compliant AI deployment at scale.”
About Hexaware
Hexaware is a global technology and business process services company driven by a singular
purpose: to create smiles through great people and technology. Our Zero Friction Enterprise™
approach combines AI innovation with human expertise to remove the technological and
operational barriers that slow business progress. Globally, we help enterprises reduce
complexity, accelerate transformation, and create lasting business value.
Learn more about Hexaware at https://hexaware.com/
About the EBRD
The EBRD is a multilateral bank that promotes the development of the private sector and
entrepreneurial initiative in 40 economies across three continents. The Bank is owned by 77
countries as well as the EU and the EIB. EBRD investments are aimed at making the economies
in its regions competitive, inclusive, well governed, green, resilient and integrated. Follow us
on the web, Facebook, LinkedIn, Instagram, X and YouTube.
For details, please contact:
Reena Kamble | Aishwarya Pillai
mediarelations@hexaware.com
Hexaware Technologies Limited