Hexaware Clinches AI Implementer of the Year at The AIconics Awards

Hexaware Technologies, an IT solutions and service provider, added another feather to its cap by winning the AI Implementer of the Year at the prestigious AIconics Awards. The company will be felicitated at The AI Summit New York on December 12, 2024.

The AIconics, a global award hosted by The AI Summit Series, recognizes the achievements of individuals and organizations instrumental in breakthrough innovation and application of AI in business.

Hexaware’s win follows several AI projects that enhanced user experiences. Notably, the company’s implementation of Enterprise GPT for a mobility and alternative energy solutions company resulted in a productivity boost and cost reduction.

“We are deeply honored to receive this prestigious award,” said Satyajith Mundakkal, Chief Technical Officer, Hexaware. “At Hexaware, we are not just implementing AI—we are helping reimagine business processes and deliver value to our clients through innovative, AI-driven solutions.”

Hexaware has also developed the Financial CoPilot for a leading private equity firm, leveraging Azure and OpenAI. This solution has assisted in simplifying market analysis, reducing data integration time, and improving investor engagement.

The company’s AI abilities have been further demonstrated in the hospitality sector, where it automated the opportunity feed process for a major chain. This implementation captured event data from various channels, integrated it into the client’s CRM, reduced sales cycle time, and improved requirement accuracy.

Arun Ramchandran, Global Head – GenAI Unit, Hi-Tech & Professional Services Vertical, Hexaware, said, “Our success lies in our ability to harness AI’s potential to solve real-world problems. This recognition fuels our commitment to push the boundaries of what’s possible with AI.”

Rory Crone, Director of Marketing, The AI Summit Series, said, “The AIconics are a chance for our tech community to highlight how their individual AI initiatives have reshaped the business landscape. Amid the fierce competition this year, Hexaware winning the AI Implementer of the Year highlights its pursuit of innovation.”

About The AI Summit Series

In 2016, at a time when AI conferences were geared towards research & academia, Informa launched The AI Summit Series – the first-ever conference and exhibition to explore what AI practically means for enterprises. Every year since then, we’ve gathered top executives and investors with technology specialists and data scientists from across the globe to network, learn and showcase ground-breaking technology solutions for business.

With the ninth edition flooring in 2024, our conference & expo series has firmly established itself at the heart of the AI community with shows running in London, New York, Singapore, Cape Town, at Black Hat USA, Black Hat Europe, and SecTor in Canada. For more information on The AI Summit Series, please visit theaisummit.com.

Press Contact:

Suzanne Matulay
The AI Summit Series PR Team, Society32
theaisummitPR@society32.com

About Hexaware 

Hexaware is a global technology and business process services company. Every day, Hexawarians wake up with a singular purpose; to create smiles through great people and technology. With offices across the world, we empower enterprises worldwide to realize digital transformation at scale and speed by partnering with them to build, transform, run, and optimize their technology and business processes.

“Hexaware Technologies Limited (the “Company”) is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its equity shares and has filed a draft red herring prospectus dated September 6, 2024 (“DRHP”) with the Securities and Exchange Board of India (SEBI). The DRHP is available on the websites of our Company, at https://hexaware.com, SEBI at www.sebi.gov.in as well as on the websites of the book running lead managers, Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited, HSBC Securities and Capital Markets (India) Private Limited, and IIFL Securities Limited, at https://www.investmentbank.kotak.com, https://www.online.citibank.co.in/rhtm/citigroupglobalscreen1.htm, https://www.jpmipl.com, https://www.business.hsbc.co.in/en-gb/regulations/hsbc-securities-and-capital-market, and https://www.iiflcap.com respectively, and the websites of the stock exchange(s) at https://www.nseindia.com and https://www.bseindia.com, respectively. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risk, see “Risk Factors” of the RHP, when available. Potential investors should not rely on the DRHP for any investment decision.”

Learn more about Hexaware at https://hexaware.com

Safe Harbor Statement

Certain statements in this press release concerning our future growth prospects are forward-looking, which involve numerous risks and uncertainties that could cause actual results to differ materially from those in such statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases globally, our ability to attract and retain highly-skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Hexaware has made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry.

For more information, contact:
Reena Kamble
Hexaware Technologies Limited
reenak3@hexaware.com

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