IT and BPO services provider Hexaware Technologies announced on Monday, a new organizational structure to execute the aggressive growth plans of the company.
Hexaware will now focus on three distinct verticals - Banking Financial Services and Insurance (BFSI), Travel & Transportation and Emerging Verticals (manufacturing and healthcare).
The emerging verticals unit will focus on seeding the manufacturing and healthcare domains and will also include the existing non- BFSI and non- travel and transportation under one roof for better management.
Commenting on the development, P R Chandrasekar, the CEO and Vice Chairman of Hexaware said, " The planned structure will facilitate aggressive account mining, enable us to define and penetrate target accounts better and provide greater value to our customers. We believe it will also foster a more collaborative approach within Hexaware, spurring our accelerated growth in the future."
Business reorganization and consolidation was one of the initiatives taken up by Chandrasekar after taking over as the CEO of the company in June this year.
Deepak Rao from Siemens Information System (SIS) will head Hexaware's BFSI vertical. In his new role, he will be responsible for growing the global BFSI business by transforming the organization from a technology-centric one to an industry domain and consultative one
At SIS, Deepak Rao was Vice President - Financial Services vertical and was spearheading the company's growth in the US, UK and India. He has a Bachelor's degree in Engineering from IIT, Mumbai and a Post Graduate Diploma in Management Studies from IIM, Calcutta. His previous stints included positions at Philips India, KPMG Consulting, Coopers & Lybrand Consulting, Infosys and Wipro.
Meanwhile, Anirban Chakraborty from Tata Consultancy Services (TCS) will join Hexaware to head the emerging vertical. Anirban will lead the manufacturing healthcare and all non-BFSI and non-TTHL businesses globally for Hexaware.
He brings over 19 years of experience in IT services, business solutions and building relationships with MNCs and local market leaders in various industry verticals in North America and Asia Pacific.
At TCS, he was Head of Life Sciences for North America. Prior to working with TCS, he worked with Indian giants like HMT CNC Systems and SAIL. Anirban is a B.E. graduate from Madan Mohan Malviya Engineering College, Gorakhpur, India.
Yogen Shah will now head the Travel and Transportation vertical, while Millind Kalurkar is promoted as the APAC head.
The geography and sales force of Hexaware is also restructured to reflect the vertical orientation as well as the strengthening of the horizontals. The sales force will continue to be headed by the respective geography heads.
On the other hand, the delivery organization has also been divided into three definite horizontals - Business Technology Optimization (BTO), ERP & BI and Delivery Centers.
A new global BTO organization will be formed by combing Focus Frame and Hexaware's testing practice and will be chartered with the task of creating a world-class outfit with a complete testing suite comprising of automated and manual testing tools.
The subsidiaries, Caliber Point, the BPO subsidiary and RiskTech will continue to be strong business lines for the company and will be aligned to work very closely with the vertical and geography sales teams to further customer penetration in all markets.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.