3rd Quarter, 2015-16

Quote for the day…

To be able to ask a question clearly is two thirds of the way to getting it answered!


NTPC's tax free bonds issue which were oversubscribed 6.31 times on the first day of the issue opening. Investors got a fraction of the amount that they applied for. Retail investors who put in an application of Rs 10 lakhs, the maximum that any retail investor can invest in, got an allotment worth only Rs 1.57 lakhs.

What's New

Country's largest lender SBI will issue EMV chip and pin based debit cards to its new customers to ensure enhanced secure transactions. EMV chip and pin feature protects against skimming and card transaction frauds. With this, SBI said that it has become the first large bank to issue 100 per cent EMV cards compliant with RBI's directive on Security and Risk Mitigation Measures for Card Present and Electronic Payment Transactions. The latest offering will allow consumers to transact securely at Point of Sale terminals and would contribute towards making the Indian payment ecosystem more secure, SBI said.
Chattel Mortgage – is similar to a hire-purchase agreement although the business owns the asset from the start. Chattel Mortgages require regular ongoing payments and typically provide the option of reducing the payments through the use of a final ‘balloon’ payment.

We Proudly Celebrate

Our flagship product Hexagon mPower is making steady headways into the market with the following wins:

  • Union KBC Mutual Fund and Exide Life Insurance (Previously known as ING Life Insurance) selecting Hexagon mPower over competition
  • HDFC Asset Management Company, the largest mutual fund in India where we have commenced implementation
  • A strategic order with Kotak Pension Fund where the implementation has begun -Axis Bank signing up with us for implementing IFRS accounting system

About Hexagon Global IT Services Pvt Ltd

Hexagon Global is a company providing domain driven technology solutions to clients in the BFSI vertical. Hexagon Global has been founded by a team of professionals who have a combined experience of over 500 engagements in the BFS segment & bring to the table individual experience ranging from 10 to 25 years. The Hexagon Global team combines deep domain expertise with a proven methodology in implementing solutions which enable clients to achieve the business outcome envisaged. Hexagon Global believes in being engaged with their clients every step of the way, right from defining the outcome through to helping them achieve every milestone leading up to the successful closure.