Hexaware Technologies Shares Price Gain 5.06% After Deepening Google Cloud Partnership

Mumbai, November 12, 2025: On Wednesday, the share price of Hexaware Technologies Ltd (BSE: 544362 | NSE: HEXT) surged 5.06%, closing at ₹697, up from the previous session’s close of ₹663.40. The sharp gain followed the announcement of an expanded partnership with Google Cloud to launch AI-powered advanced insurance solutions. The stock opened at ₹667.05 and traded in a session range of ₹661.75 to ₹697.80. At current levels, Hexaware is part of the BSE MidCap index, under the Computers Software & Consulting sub-industry.

Partnership Announcement

On Tuesday, Hexaware Technologies unveiled two AI-driven insurance solutions: “ParaClaims”, designed to manage parametric claims, and the Intelligent Product Factory (IPF), aimed at developing insurance products on Google Cloud. These platforms leverage real-time environmental data, AI agents, and cloud-based architectures to cut claim settlement times from weeks to hours.

Shantanu Baruah, President and Global Head of Healthcare, Life Sciences, and Insurance at Hexaware, stated that these solutions help brokers, (re)insurers, and MGA firms modernize key stages of the insurance value chain claims processing and product development—through automation and intelligence.

Christina Lucas, Global Director and Market Leader, Insurance at Google, highlighted that the partnership enables brokers and insurers to operate faster, with greater transparency and agility. Apurva Kadakia, Global Head of Cloud at Hexaware, added that the alliance reinforces Hexaware’s position as a cloud-first insurance technology company.

Broader Business Context

The alliance comes after Hexaware admitted earlier this month that negotiations with a U.S. client could not result in a settlement and the company was exploring legal action to recover the dues. Nevertheless, the mood of investors was positive due to the good tie-ups in technology and innovation based on the growth in insurance automation.

REF:https://www.bseindia.com/xml-data/corpfiling/AttachLive/45b1f3a5-8750-46d5-8fbe-5ed6e9a6c056.pdf

https://www.bseindia.com/xml-data/corpfiling/AttachLive/51711e52-736d-44c7-a504-a17c7a2d08ee.pdf

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations