December 06, 2025 to January 04, 2026 (29 days) News Period
Total Articles Found: 9
Search Period: December 06, 2025 to January 04, 2026 (29 days)
Last Updated: January 04, 2026 at 05:57 PM
News Review for exl
EXL Services: Comprehensive News Review
Executive Summary
EXL Services demonstrated continued momentum across multiple business dimensions during December 2025, highlighted by the launch of two AI-powered data solutions through Databricks' GenAI Partner Accelerator program and the completion of its LifePRO Digital Suite migration to AWS cloud infrastructure. The company promoted 22-year veteran Raghav Jaggi to Executive Vice President, Insurance Practice Leader, reinforcing leadership continuity in its core insurance business segment, while executing a $63.4 million share repurchase from Orogen Echo LLC that reflects management confidence in future growth prospects. EXL's new EXLdata.ai agentic AI solution and Code Harbor migration tool, which achieved 50% faster SAS-to-Databricks transformation for a global insurance provider, position the company to compete in the growing legacy modernization market alongside 24+ partners in the Databricks ecosystem. The company also secured Great Place to Work certification in India with 82% employee approval and continued recruiting at IIT Delhi with double-digit job offers, supporting its talent acquisition strategy in key markets.
Key Developments
Product Launches and Enhancements: - EXL launched EXLdata.ai, an agentic AI-native data solution designed to transform fragmented enterprise data into AI-ready assets through the Databricks platform (source) - Code Harbor GenAI solution demonstrated 50% faster SAS-to-Databricks migration for a global insurance provider, supporting multiple legacy platforms including BTEQ, HQL, PL/SQL, and ETL systems (source) - Completed migration of LifePRO Digital Suite platforms to AWS cloud infrastructure, incorporating Amazon Bedrock and Kendra services for enhanced scalability and AI/ML capabilities (source)
Leadership Changes: - Promoted Raghav Jaggi, a 22-year company veteran, to Executive Vice President, Insurance Practice Leader, recognizing his role in building the insurance practice and leading the LifePRO technology platform (source)
Financial Performance: - Executed a $63.4 million share repurchase of 1,551,970 shares from Orogen Echo LLC at $40.834 per share, separate from the existing $500 million buyback program (source)
Organizational Updates: - Received Great Place to Work certification in India for 2025 with 82% employee approval rating (source) - Continued talent acquisition with double-digit job offers to IIT Delhi students during the 2025-26 placement season (source)
Market Context
EXL's developments align with broader industry trends toward AI-powered data modernization and cloud migration in regulated industries. The company's focus on legacy system transformation addresses a critical market need as enterprises face increasing pressure to modernize data stacks and adopt AI capabilities. The AWS migration of LifePRO Digital Suite and the launch of AI-native data solutions position EXL to compete in the growing legacy modernization market, particularly in insurance, banking, and healthcare sectors where regulatory compliance and data governance are paramount.
Notable Quotes
Rohit Kapoor, Chairman and CEO of EXL, commenting on Jaggi's promotion: "Raghav's promotion reflects the strength of EXL's leadership bench and our commitment to developing talent within the organization. For more than two decades, he has consistently taken on more responsibility, built high-performing teams and helped shape how EXL delivers value through data, AI and innovation." (source)
Rohit Kapoor, explaining the share repurchase rationale: "This repurchase reflects our confidence in the performance of EXL and its future growth. We believe this is a unique opportunity to return capital to our stockholders and offers a compelling return on investment." (source)
Baljinder Singh, Executive Vice President and Global CIO at EXL, discussing AWS migration benefits: "Through our collaboration with AWS, we combine deep domain expertise with world-class cloud capabilities, including AI/ML services and advanced analytics, to deliver solutions that enable insurers to innovate, personalize customer experiences and adapt quickly to market demands." (source)
Vikram S. Pandit, Chairman and CEO of The Orogen Group, validating EXL's capabilities: "We entered our partnership with EXL in 2018 with the firm belief that the company delivers best in class data and technology-driven operating solutions to its clients, and the company's growth trajectory over the last seven years has validated that belief." (source)
Strategic Implications
EXL's recent developments demonstrate a coordinated strategy to strengthen its position as an AI-native data and technology services provider. The launch of EXLdata.ai and Code Harbor establishes the company as a serious competitor in the legacy modernization market, while the AWS migration of LifePRO Digital Suite enhances its cloud-native capabilities for insurance clients. The internal promotion of Jaggi signals leadership continuity and institutional knowledge retention in the critical insurance vertical. The share repurchase program, combined with continued talent acquisition and workplace recognition, suggests management confidence in the company's growth trajectory while maintaining focus on human capital development. These moves collectively position EXL to capitalize on the increasing demand for AI-powered data transformation services in regulated industries, though the company faces intensifying competition from 24+ partners in the Databricks ecosystem alone.
Individual Articles
Article 1: Placement Season 2025-26: IIT Delhi students secure 1,275 offers by December
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Summary
EXL Services was mentioned among 27 companies making double-digit job offers to IIT Delhi students during the 2025-26 placement season, indicating the company's ongoing talent acquisition efforts in India's engineering talent market, though the article provides no specific details about EXL's hiring numbers, roles, or strategic focus areas.
Article 2: EXL promotes seasoned insurance executive Raghav Jaggi
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Summary
EXL promoted 22-year veteran Raghav Jaggi to Executive Vice President, Insurance Practice Leader, recognizing his role in building the company's insurance practice and leading the LifePRO technology platform. The promotion reflects EXL's internal talent development strategy and commitment to leadership continuity in its core insurance business segment. Jaggi, who joined in 2003 and serves on EXL's Operating Committee, has been instrumental in scaling the insurance business while helping clients transform operating models through data and AI innovation, according to company executives.
Executive Insights
Rohit Kapoor, EXL's chairman and chief executive officer
"Raghav's promotion reflects the strength of EXL's leadership bench and our commitment to developing talent within the organization. For more than two decades, he has consistently taken on more responsibility, built high-performing teams and helped shape how EXL delivers value through data, AI and innovation."
Context: Commenting on Jaggi's promotion to Executive Vice President
Significance: Emphasizes EXL's internal talent development strategy and focus on data and AI value delivery
Vivek Jetley, president and head of insurance, healthcare and life sciences at EXL
"Raghav's promotion to Executive Vice President, Insurance Practice Leader is validation to his extraordinary journey at EXL and the lasting impact he has had on our clients, our people and our culture. He has been instrumental in building and scaling our insurance business while helping reimagine clients' operating models through data and AI innovation."
Context: Discussing Jaggi's contributions to EXL's insurance business growth
Significance: Highlights EXL's focus on using data and AI to transform client operating models in insurance sector
Article 3: EXL secures Great Place to Work® Certification™ in India for 2025
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Summary
EXL received Great Place to Work certification in India for 2025 with 82% employee approval, which executives frame as validation of the company's AI-native culture and investment in employee development. The certification recognizes workplace culture but has limited direct business impact, though it may support talent retention in EXL's India operations where the company employs a portion of its 63,000 global workforce across AI services and operations.
Executive Insights
Pamela Harrison, executive vice president and chief human resources officer, EXL
"Earning the 2025 Great Place to Work® certification for India is a proud moment for all of us at EXL and serves as a powerful validation of our people-first, AI-native culture. This recognition reflects the trust our employees place in the organization, reinforces our continued investment in their growth and well-being, and underscores our commitment to building an inclusive, high-performance workplace where innovation and collaboration thrive."
Context: Commenting on receiving the workplace certification
Significance: Emphasizes EXL's positioning as an AI-native company with focus on employee culture
Vikas Bhalla, president and head of AI Services and Operations at EXL
"The EXL employee experience is defined by our value-driven, people-first culture, where collaboration, excellence, integrity, and respect are embedded in every stage of the employee journey. We foster holistic growth through continuous learning, personalized development, and robust upskilling, especially in AI and digital capabilities, to ensure our entire workforce is future ready."
Context: Describing EXL's employee development approach
Significance: Highlights focus on AI and digital skills development across workforce
Article 4: EXL Announces Share Repurchase of 1,551,970 Shares
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Summary
EXL completed a $63.4 million share repurchase of 1.55 million shares from Orogen Echo LLC, with CEO Rohit Kapoor citing confidence in company performance and future growth as the rationale for returning capital to shareholders. The transaction maintains EXL's strategic relationship with Orogen, whose CEO Vikram Pandit will continue as Lead Independent Director and praised EXL's data and technology-driven operating solutions. This capital allocation move is separate from EXL's existing $500 million buyback program and reflects management's confidence in the company's positioning as a global data and AI services provider serving multiple industries.
Executive Insights
Rohit Kapoor, Chairman and CEO of EXL
"This repurchase reflects our confidence in the performance of EXL and its future growth. We believe this is a unique opportunity to return capital to our stockholders and offers a compelling return on investment. Orogen's CEO Vikram Pandit will remain on EXL's board as our Lead Independent Director, and we look forward to his continuing leadership and guidance"
Context: Explaining rationale for share repurchase transaction
Significance: CEO expressing confidence in company performance and maintaining strategic board relationship
Vikram S. Pandit, Chairman and CEO of The Orogen Group
"We entered our partnership with EXL in 2018 with the firm belief that the company delivers best in class data and technology-driven operating solutions to its clients, and the company's growth trajectory over the last seven years has validated that belief. Orogen is pleased to help facilitate this stock repurchase and we look forward to the company's continued growth momentum"
Context: Commenting on Orogen's partnership with EXL and the share repurchase
Significance: External validation of EXL's data and technology capabilities from major investor
Article 5: EXL completes migration of LifePRO Digital Suite® platforms to AWS
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Summary
EXL completed migration of its LifePRO Digital Suite platforms to AWS in December 2025, incorporating Amazon Bedrock and Kendra services to enhance its life and annuity insurance technology offering. The cloud migration enables improved scalability, disaster recovery, and faster feature deployment for the platform that currently manages policy administration for millions of policies. EXL's CIO Baljinder Singh emphasized the combination of domain expertise with AWS cloud capabilities to deliver AI/ML services and advanced analytics, positioning the company as an AWS partner focused on enabling insurers to modernize operations and improve customer experiences through API-driven integrations and real-time data processing capabilities.
Executive Insights
Baljinder Singh, EXL's executive vice president and global CIO
"Through our collaboration with AWS, we combine deep domain expertise with world-class cloud capabilities, including AI/ML services and advanced analytics, to deliver solutions that enable insurers to innovate, personalize customer experiences and adapt quickly to market demands"
Context: Discussing the strategic benefits of AWS migration for insurance clients
Significance: Indicates EXL's focus on AI/ML integration and analytics capabilities as competitive differentiators
Article 6: Introducing Databricks GenAI Partner Accelerators for Data Engineering & Migration
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Summary
EXL announced two AI-powered data solutions as part of Databricks' GenAI Partner Accelerator program: EXLdata.ai, an agentic AI-native platform that transforms fragmented enterprise data into AI-ready assets, and Code Harbor, a GenAI migration tool that achieved 50% faster SAS-to-Databricks transformation for a global insurance provider. Both solutions target the legacy modernization market, with Code Harbor supporting multiple platforms including SAS, Informatica, Alteryx, and DataStage, while EXLdata.ai focuses on embedding intelligence throughout the data lifecycle. EXL competes alongside 24+ partners in the Databricks ecosystem, positioning itself with specialized focus on regulated industries and comprehensive legacy platform support.
