Year 2006 has been an exciting one for Hexaware Technologies. Rated sixth among the ‘Best IT Employers from India’ by a recent survey, the company has also positioned itself in the august company of the ‘Niche Players in Gartner’s Magic Quadrant 2006’ and has been listed as Nasscom’s fastest growing Indian companies.

After receiving approbations from all quarters, the celebratory mood among all employees is perceptible. Its confident Chairman and Founder, Atul Nishar, emphasizes, “We always have a good time here and enjoy every bit of the work that we do.”

This confidence comes naturally for Nishar and his team whose commitment helped build a success story over the years. Since its inception in the early ‘90s, the IT services provider has been working on a large canvas like business analytics, enterprise applications, legacy management, HR-IT and independent testing. With over 119 customers worldwide, the Rs.390-crore ‘mid-tier’ company has recently added another 11 clients to its kitty.

We shall overcome
However, just a year ago, things were quite the opposite at the Hexaware camp. The company went through a turbulent phase after PeopleSoft, its key client, was acquired by Oracle. As one of the top five vendors of PeopleSoft, its India Services Center was set up in Hexaware under a Build-Operate-Transfer (BOT) agreement. After its acquisition, this center was transferred to Oracle; along with it a section of its employees. As almost 14 percent of Hexaware’s revenue came from this center–the clouds of apprehension only got thicker in the Hexaware community.

Despite the tough challenge ahead, Nishar was not disconcerted. “ We suffered loss both monetarily and emotionally, but in business one has to move on, build on one’s forte and it was an opportunity for us to further demonstrate our ability,” says he.