Hexaware Positioned as a Visionary in the 2026 Gartner® Magic Quadrant™ for Custom Software Development Services
Hexaware Positioned as a Visionary in the 2026 Gartner® Magic Quadrant™ for Custom Software Development Services
Gartner, Magic Quadrant for Custom Software Development Services, By Jaideep Thyagarajan, Ryan McKinney, Nathan Davie, 28 September 2026. Gartner and Magic Quadrant are trademarks of Gartner, Inc. and/or its affiliates. Gartner does not endorse any company, vendor, product or service depicted in its publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner publications consist of the opinions of Gartner’s business and technology insights organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this publication, including any warranties of merchantability or fitness for a particular purpose. This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from Hexaware.
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– Brand Finance’s IT Services 25 2026 report ranks Hexaware among the world’s Top 25 IT services brands.
– Hexaware is the second-fastest-growing Indian IT services brand by brand value this year.
– Hexaware’s brand value has grown about 140% since 2021, earning an AA+ brand strength rating.
– Hexaware ranks 7th among Indian IT services brands and 14th globally on brand strength.
Hexaware Technologies [NSE: HEXT], a global provider of IT solutions and services, today announced that Brand Finance’s “IT Services 25 2026” report has ranked Hexaware among the world’s Top 25 IT services brands. Among its Indian peer-group companies, Hexaware has been named the second-fastest-growing brand in terms of brand value, building on its debut last year.
Brand Finance, the world’s leading brand valuation consultancy, has reported year-on-year growth in Hexaware’s brand value in 2026, bringing it closer to the USD 1 Bn mark over the next couple of years. The company’s brand value has grown by about 140% since 2021, supported by a 12-point improvement in brand strength, resulting in an AA+ rating. On brand strength, it is ranked 7th among Indian IT services brands and 14th globally.
“We’re proud to be the second-fastest-growing Indian IT services brand by brand value,” said R Srikrishna, CEO and Executive Director, Hexaware. “We have been AI-first because it helps us create customer value more consistently at scale, and that discipline is now being reflected in how the brand is valued.”
Nidhi Alexander, Chief Marketing Officer, Hexaware, added, “A 140% increase in brand value over five years reflects the trust clients place in Hexaware. Brand strength at this pace is hard-earned, and it reflects the work our entire organization has put into building trust and delivering results for clients.”
“Brand value is ultimately a financial expression of how well a brand is performing with its stakeholders,” said David Haigh, Chairman and CEO, Brand Finance. “In an IT services market that is rapidly adopting AI, this recognition, together with Hexaware’s growth in brand value and brand strength, is consistent with the impact we see from its focus on AI-led innovation and a people-centric culture.”
The Brand Finance “IT Services 25 2026” report forms part of Brand Finance’s annual review of the most valuable and strongest IT services brands worldwide.
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. Learn more about Hexaware at https://microsites.hexaware.com/hexaware-v4/.
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 details, please contact:
Reena Kamble
Hexaware Technologies Limited
mediarelationsmarketing@hexaware.com
Aishwarya Pillai
Hexaware Technologies Limited
mediarelationsmarketing@hexaware.com