Also, Atul Nishar, founder of the company, will step down from his present role of chairman but will continue as the chairman emeritus, according to a statement on Monday.
Mehta previously served as the president of Cognizant Technology Solutions Corp., where he took the company from being a regional IT firm to a $16 billion enterprise. During his tenure, he served as the Group CEO (IT services) and Group CEO (industries and markets).
“Having had the privilege of founding Hexaware Technologies close to three decades ago and continuing as chairman under the the ownership of Baring Private Equity Asia, I welcome Rajeev as the chairman and wish him the best of luck in leading the board to continue to grow Hexaware and its capabilities,” Nishar said in a statement.
Commenting on his appointment, Mehta said: “I await the opportunity of working with Baring Private Equity Asia, the board and management team to continue to transform Hexaware, with its investments behind high quality technical talent and digital technologies focused on its strategy of ‘Automate Everything, Cloudify Everything and Transform Customer Experience’.”
Hexaware’s shares ceased to be listed on the Bombay Stock Exchange and the National Stock Exchange on 9 November 2020.