Hexaware Technologies announced that its stepdown subsidiary, Hexaware Nevada, Inc., has been voluntarily liquidated, effective October 16, 2025. The company received confirmation of the liquidation on October 17, 2025. This move aims to rationalize the group’s structure. The subsidiary’s financial contribution to revenue and net worth was NIL.
Subsidiary Closure
Hexaware Technologies has completed the liquidation of its stepdown subsidiary, Hexaware Nevada, Inc. The effective date of liquidation is October 16, 2025. The company officially confirmed the completion on October 17, 2025.
Financial Impact and Rationale
The liquidation of Hexaware Nevada, Inc., is part of Hexaware’s strategy to streamline its organizational structure. The subsidiary contributed NIL to the company’s revenue and net worth as of December 31, 2025. The percentage contribution was also NIL. This action aims to improve operational efficiency and resource allocation within the broader Hexaware group.
Source: BSE
