| Market Cap | ₹30,270.7 CrMid-cap IT |
|---|---|
| Revenue TTM | ₹14,420 CrOperating Revenue |
| ROE Annual | 21.67%Profitability |
| RSI | 28.43Oversold Zone |
| Execution period | 3 months |
Key highlights
- Collaboration focuses on building the foundational infrastructure for the Open Agentic Web
- Project NANDA originated at the MIT Media Lab and is hosted by the FAN umbrella program
- Inaugural cohort includes over 10 fellows comprising Hexaware engineers and external developers
- Initiative directly complements Hexaware's existing AI delivery layer, Zerovity
- Fellows receive a competitive stipend and mentorship to ship code into live open-source projects
What Is the Partnership?
Hexaware Technologies is supporting the Project NANDA Fellowship, a three-month fully remote program designed to solve technical challenges in agentic AI workflows. The collaboration involves building open-source infrastructure that allows autonomous AI agents to discover, verify, and coordinate with one another at scale. The inaugural cohort consists of more than 10 Fellows, including internal Hexaware engineers and external global developers.
These participants contribute directly to Project NANDA's decentralized Internet of AI Agents, receiving competitive stipends and direct mentorship while shipping code that integrates into live, open-source agentic infrastructure rather than isolated classroom exercises.
Partner Profile
Project NANDA is an initiative that originated at the MIT Media Lab, focusing on architecting the foundational protocols for the Open Agentic Web. It is hosted by FAN, the umbrella organization that manages the project's development and open-source community. The project specifically addresses the bottleneck of how billions of AI agents can communicate and execute tasks across organizational boundaries without central vulnerabilities.
By establishing standards for agent discovery and verifiable identity, Project NANDA aims to create a secure, decentralized ecosystem where AI agents can operate autonomously in production environments.
What It Unlocks
- Accelerates development of standards for verifiable identity and secure coordination in AI agent workflows
- Provides Hexaware with direct access to cutting-edge research from the MIT Media Lab-originated ecosystem
- Integrates with Hexaware's proprietary Zerovity AI delivery layer to enhance production-grade agent capabilities
- Strengthens the company's engagement with the global research and developer communities shaping agentic AI
- Trains a new generation of AI infrastructure engineers through hands-on experience with live open-source code
Business & Financial Context
Hexaware operates in the IT consulting and software sector, maintaining a robust financial profile with a TTM revenue of ₹14,420 crore and a TTM net profit of ₹1,343.6 crore. The company's annual revenue growth stands at 14.68%, supported by an ROE of 21.67%. Despite a recent 1-year price decline of 34.44%, Hexaware remains a mid-range performer with a Price-to-Earnings ratio of 22.53, closely aligned with the industry average of 20.65.
The company's pivot toward agentic AI represents a strategic move to capture market share in high-growth automation segments, leveraging its technical depth in digital transformation.
| Share price | ₹497.05 |
|---|---|
| Market capitalisation | ₹30,270.69 Cr |
| Revenue (annual) | ₹13,812.40 Cr |
| Net profit (annual) | ₹1,369.20 Cr |
| Revenue (latest quarter) | ₹3,845.20 Cr+6.43% vs previous quarter |
| Net profit (latest quarter) | ₹329.90 Cr-6.17% vs previous quarter |
| P/E (TTM) | 22.53×Sector 21.61× |
| Promoter holding | 74.3%0.00% QoQ |
| FII holding | 3.19%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Hexaware Technologies Limited announcing its collaboration on the Project NANDA Fellowship for AI Agents. Market figures from a third-party data provider.
