Vivek Jetley will leave ExlService Holdings to become CEO of Hexaware Technologies, effective October 26, 2026.
Quiver AI Summary
ExlService Holdings, Inc. announced that Vivek Jetley, president and head of Insurance, Healthcare and Life Sciences, will leave the company effective October 26, 2026, to become the CEO of Hexaware Technologies Limited. Jetley will assist with the transition in the coming months as he departs, and EXL's chairman and CEO, Rohit Kapoor, praised his nearly 20-year contribution to the company, highlighting his leadership in building analytics and overseeing key business sectors. Jetley expressed gratitude for his time at EXL and committed to supporting the company during the transition. EXL, a global data and AI company, emphasizes its strong leadership team and ongoing commitment to its data and AI strategy as it moves forward.
Potential Positives
- Vivek Jetley, a long-time leader at EXL with nearly 20 years of service, is transitioning to a CEO role, highlighting his growth and recognition in the industry.
- The company's leadership expresses confidence in its existing team and strategies, suggesting a stable transition and continuity in operations after Jetley's departure.
- EXL's emphasis on a "fantastic leadership team and a deep bench of talent" suggests a robust organizational structure capable of sustaining operations and future growth.
Potential Negatives
- Vivek Jetley's departure as president and head of critical business units raises concerns about potential leadership instability during a significant transition period.
- The announcement of Jetley's exit may create uncertainty among clients and stakeholders regarding EXL's strategic direction and commitment to its key sectors, including insurance and healthcare.
- The press release heavily relies on forward-looking statements and cautionary notes, which may suggest inherent risks and uncertainties in EXL's business operations and future performance.
FAQ
Who is Vivek Jetley and what is his new role?
Vivek Jetley is the president of Insurance, Healthcare, and Life Sciences at EXL, now becoming CEO of Hexaware Technologies Limited.
When will Vivek Jetley leave EXL?
Vivek Jetley is departing EXL effective October 26, 2026, after assisting with the transition in the coming months.
What contributions did Vivek Jetley make to EXL?
Jetley has been instrumental in building analytics capabilities and leading the insurance and healthcare sectors at EXL over nearly 20 years.
What is EXL’s main focus?
EXL focuses on leveraging data and AI to transform business models and drive better outcomes across various industries.
Where is EXL headquartered?
EXL is headquartered in New York and has approximately 68,000 employees across six continents.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$EXLS Insider Trading Activity
$EXLS insiders have traded $EXLS stock on the open market 4 times in the past 6 months. Of those trades, 0 have been purchases and 4 have been sales.
Here’s a breakdown of recent trading of $EXLS stock by insiders over the last 6 months:
- VIKAS BHALLA (President of EXL) has made 0 purchases and 2 sales selling 23,000 shares for an estimated $747,530.
- VISHAL CHHIBBAR (Executive Vice President) sold 5,000 shares for an estimated $175,500
- AJAY AYYAPPAN (EVP & Gen Counsel/Corp. Sec'y.) sold 5,093 shares for an estimated $148,257
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$EXLS Revenue
$EXLS had revenues of $594.8M in Q2 2026. This is an increase of 15.61% from the same period in the prior year.
You can track EXLS financials on Quiver Quantitative's EXLS stock page.
You can access data on EXLS stock through the Quiver Quantitative API.
$EXLS Hedge Fund Activity
We have seen 219 institutional investors add shares of $EXLS stock to their portfolio, and 315 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- AQR CAPITAL MANAGEMENT LLC removed 3,063,689 shares (-31.0%) from their portfolio in Q2 2026, for an estimated $79,226,997
- WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC removed 2,584,072 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $66,824,101
- MACKENZIE FINANCIAL CORP removed 2,438,771 shares (-96.6%) from their portfolio in Q2 2026, for an estimated $63,066,618
- NORGES BANK added 2,383,549 shares (+526.9%) to their portfolio in Q2 2026, for an estimated $61,638,577
- JPMORGAN CHASE & CO added 2,294,741 shares (+inf%) to their portfolio in Q2 2026, for an estimated $59,342,002
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 1,940,480 shares (+inf%) to their portfolio in Q2 2026, for an estimated $50,180,812
- HOOD RIVER CAPITAL MANAGEMENT LLC removed 1,574,133 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $47,932,349
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$EXLS Price Targets
Multiple analysts have issued price targets for $EXLS recently. We have seen 3 analysts offer price targets for $EXLS in the last 6 months, with a median target of $40.0.
Here are some recent targets:
- Bryan Bergin from TD Cowen set a target price of $39.0 on 07/09/2026
- Vincent Colicchio from Barrington Research set a target price of $40.0 on 06/25/2026
- Puneet Jain from JP Morgan set a target price of $43.0 on 04/30/2026
Full Release
NEW YORK, Sept. 02, 2026 (GLOBE NEWSWIRE) -- ExlService Holdings, Inc. (NASDAQ: EXLS), a global data and AI company, announced today that, effective October 26, 2026, Vivek Jetley, president and head of Insurance, Healthcare and Life Sciences is departing EXL to assume the role of Chief Executive Officer of Hexaware Technologies Limited. He will continue to serve in his current role and assist with the transition of his responsibilities over the coming months.
"Vivek has been a great leader and trusted partner to me and our leadership team," said Rohit Kapoor, chairman and chief executive officer of EXL. "Over nearly 20 years, he has been an instrumental part of EXL's evolution — from building our analytics capability to leading our insurance and healthcare businesses. We are grateful for his many contributions and wish him success in this next chapter. EXL is fortunate to have a fantastic leadership team and a deep bench of talent, and we will not miss a beat in executing on our data and AI strategy."
"It has been a privilege to be part of the EXL family and to work alongside such talented colleagues," said Mr. Jetley. "I am incredibly proud of all that we have accomplished together, and I look forward to supporting the Company in the coming months to ensure a smooth transition. I will always be rooting for EXL’s continued success."
About EXL
EXL (NASDAQ: EXLS) is a global data and AI company that offers services and solutions to reinvent client business models, drive better outcomes and unlock growth with speed. EXL harnesses the power of data, AI, and deep industry knowledge to transform businesses, including the world's leading corporations in industries including insurance, healthcare, banking and capital markets, retail, communications and media, and energy and infrastructure, among others. EXL was founded in 1999 with the core values of innovation, collaboration, excellence, integrity and respect. We are headquartered in New York and have approximately 68,000 employees spanning six continents. For more information, visit www.exlservice.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to EXL’s operations and business environment, all of which are difficult to predict and many of which are beyond EXL’s control. Forward-looking statements include information concerning EXL’s possible or assumed future results of operations, including descriptions of its business strategy. These statements may include words such as “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions. These statements are based on assumptions that we have made in light of management’s experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. You should understand that these statements are not guarantees of performance or results. They involve known and unknown risks, uncertainties and assumptions. Although EXL believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect EXL’s actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. These factors, which include recruitment and retention of leadership, our ability to maintain and grow client demand, our ability to hire and retain sufficiently trained employees, and our ability to accurately estimate and/or manage costs, rising interest rates, rising inflation and recessionary economic trends, are discussed in more detail in EXL’s filings with the Securities and Exchange Commission, including EXL’s Annual Report on Form 10-K. You should keep in mind that any forward-looking statement made herein, or elsewhere, speaks only as of the date on which it is made. New risks and uncertainties come up from time to time, and it is impossible to predict these events or how they may affect EXL. EXL has no obligation to update any forward-looking statements after the date hereof, except as required by applicable law.
Contacts:
Investor Relations
Andrew Thut
Head of Investor Relations and Capital Markets
[email protected]
Media
Keith Little
Head of Public Relations
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