Hexaware Technologies Share Price Surges on Announcing Acquisition of Tech SMC Units for ₹1,029 crore

Hexaware Technologies is making a decisive move into the Global Capability Centre (GCC) space with the announcement of its latest acquisition. On 17 July 2025, the company confirmed that it had signed agreements to acquire Tech SMC Square India Private Limited and Tech SMCSquared (GCC) India Private Limited in an all-cash transaction valued at ₹1,029 crore ($120 million). The transaction is expected to close the same day, subject to final formalities.

Strategic Expansion in GCC Space

The acquisition marks a strategic step in expanding Hexaware’s footprint in the IT and ITeS sector, particularly in the high-growth GCC market in India. The deal includes an upfront cash payment of $45 million and performance-based earnouts of up to $75 million. 

Hexaware aims to use this acquisition to scale its offerings and provide end-to-end solutions in AI, cloud, analytics, and digital transformation, especially for organisations running or establishing GCCs.

Profile of the Acquired Entities

The 2 acquired companies are part of the SMC Group, which also includes SMC Squared, LLC, based in the United States. Collectively, they posted revenues of $22.58 million in 2024, up from $14.35 million in 2023 and $7.34 million in 2022. 

With delivery centres in Bengaluru and Hyderabad, a US-based go-to-market office, and a team of around 500 professionals, the SMC Group has helped establish over 30 GCCs for Fortune 500 companies and high-growth startups.

Transaction Structure and Transparency

Hexaware clarified that this acquisition does not involve any related party transaction, and there is no promoter or promoter group interest in the target companies. Additionally, no government or regulatory approvals are required to execute the deal, ensuring procedural ease and transparency.

Also Read: Hexaware Partners with Abluva to Strengthen AI Capabilities in Life Sciences Sector!

Hexaware Technologies Stock Price Performance

As of July 17, 2025, at 11:56 AM, Hexaware Technologies share price is trading at ₹867.60 per share, reflecting a gain of 1.19%. Over the past month, the stock has gained approximately 4.22%

Conclusion

Through this deal, Hexaware is deepening its capabilities in the GCC ecosystem and positioning itself to deliver broader IT services to global clients. The acquisition brings additional talent and a strong operational presence, strengthening its foothold in a rapidly expanding sector.

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