Mid-tier global software and IT services provider Hexaware Technologies announced its plans to invest £25 million to expand its operations in the United Kingdom, according to an exchange filing. As reported by NSE, the company made this announcement after market operating hours on June 17, 2026. The expansion plan was announced by the UK government at the G7 Summit on June 16, 2026, as part of international commitments to its artificial intelligence and clean energy agenda.
According to the NSE filing, Hexaware's move to expand its UK operations is estimated to create 1,200 employment opportunities across Manchester, Leeds, and Birmingham over the next three to five years. The £25 million investment comprises expanding its delivery centre in Birmingham and establishing research & development centres in Manchester and Leeds. The company disclosed that the investment is estimated to accelerate innovation at scale across new and emerging technologies, including AI, digital services, and quantum computing. As per Parameshwaran Iyer, Executive VP at Hexaware, the UK represents one of their fastest-growing markets, with the company having established their UK headquarters in London's Canary Wharf since last year.
As reported by the exchange filing, the investment focuses on developing local talent, advancing research, and driving modernisation in citizen and public services. According to R. Srikrishna, CEO & Executive Director of Hexaware, these investments in AI research, digital innovation for citizen services, and talent incubation will create meaningful social impact while fueling and accelerating the UK's long-term economic growth. The company emphasized its commitment to advancing research and innovation in emerging technologies, with the plan specifically targeting AI, digital services, and quantum computing development.
With the UK being Hexaware's second-largest global market, the company's £25 million investment represents a significant move into a prime global market. As per the latest reports, Hexaware has been working alongside businesses in the UK for more than three decades and their investments are focused on developing young talent and collaborating with government at all levels across the country. The company's confidence in the UK market growth is evident from their long-term commitment, with their UK headquarters established in London's Canary Wharf since last year. For investors and tech enthusiasts, this expansion is positioned as a key development to watch as it could influence Hexaware's market positioning and stock movements.
According to exchange data, Hexaware Technologies' share price closed 0.68% higher at ₹503.15 after Wednesday's stock market session, compared to ₹499.75 at the previous close. However, the company's shares have lost over 40% in the last one year and dropped nearly 34% on a year-to-date basis in calendar year 2026. The mid-cap IT company's shares have gained 2.8% in the last one month, but were trading 0.2% lower over the last five market sessions on NSE. The company's market capitalisation was at ₹30,611.90 crore as of the stock market close on Wednesday, June 17.
