Hexaware Technologies Expands with New Wholly-Owned Subsidiary in Egypt

Hexaware Technologies Limited has informed the stock exchanges about the formation of a wholly owned subsidiary in Egypt. Named Hexaware Technologies Services, the new entity reflects the company’s continued global expansion strategy and commitment to tapping into emerging markets.

Compliant with Egyptian Laws

The subsidiary has been incorporated under Egyptian law, in accordance with the Companies Law No. 159 of 1981. The formation also received approval from the General Authority for Investment and Free Zones (GAFI), ensuring compliance with all necessary legal and regulatory frameworks.

Focus on the Information Technology Sector

The newly formed entity will operate in the Information Technology sector, aligning with Hexaware’s core business. With a global presence and a focus on delivering digital transformation services, the move into Egypt is expected to help the company leverage regional talent and expand its delivery capabilities.

Recent Developments

Earlier this month, the company informed the exchanges that it had inaugurated its new UK headquarters at Level 32, One Canada Square, Canary Wharf, London, on May 1, 2025. This strategic expansion comes on the back of a robust 25% CAGR in the UK over the past five years, driven by increasing demand for digital transformation.

As Hexaware’s second-largest global market, the UK HQ will act as a co-innovation hub, fostering client collaboration across industries like BFSI, healthcare, retail, and more. The facility will also leverage Hexaware’s expertise in AI, data management, digital engineering, and cybersecurity while tapping into the UK’s diverse talent pool to strengthen local client partnerships and accelerate innovation. 

Hexaware Technologies Share Price Performance

On May 12, 2025, Hexaware Technologies share price (NSE: HEXT) opened at ₹718.00, up from its previous close of ₹700.05. At 12:28 PM, the share price of Hexaware Technologies was trading at ₹738.00, up by 5.42% on the NSE.

Also Read:Hexaware Declare ₹5.75 Dividend for FY25, Record Date April 15!

Conclusion

Hexaware Technologies’ establishment of a subsidiary in Egypt marks another milestone in its international growth journey. By entering the North African region, the company aims to strengthen its global delivery network, support its clients more efficiently, and tap into new market opportunities in the IT services domain.

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