Hexaware Technologies Ltd.

Citibank has reportedly scaled down its contract with software firm Hexaware Technologies as a result of former’s consolidation strategy. Citi is estimated to have contributed up to 90% of Hexaware's revenue and the decision to reduce the contract size may impede the software company's plans for a stake-sale.

As per few reports in early January, the company’s founder Atul Nishar and private equity investors, together would be selling 53% of their stake in the company, in a deal that could be valued to be the worth of around Rs 3500 crore.

Hexaware Technologies (HTL) is IT and Process outsourcing service provider in global space. The company provides technological solutions and specializes in Business Intelligence, Business Analytics, Enterprise Applications, Transportation, HR-IT and Legacy Modernization. It delivers services to industries like Banking and Financial, Insurance and Travel transportation and logistics.