<SEC-DOCUMENT>0001959173-25-001450.txt : 20250228
<SEC-HEADER>0001959173-25-001450.hdr.sgml : 20250228
<ACCEPTANCE-DATETIME>20250228112443
ACCESSION NUMBER:		0001959173-25-001450
CONFORMED SUBMISSION TYPE:	144
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250228
DATE AS OF CHANGE:		20250228

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ExlService Holdings, Inc.
		CENTRAL INDEX KEY:			0001297989
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-BUSINESS SERVICES, NEC [7389]
		ORGANIZATION NAME:           	07 Trade & Services
		IRS NUMBER:				820572194
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		144
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	001-33089
		FILM NUMBER:		25684987

	BUSINESS ADDRESS:	
		STREET 1:		320 PARK AVENUE
		STREET 2:		29TH FLOOR
		CITY:			NEW YORK
		STATE:			X1
		ZIP:			10022
		BUSINESS PHONE:		(212) 277-7100

	MAIL ADDRESS:	
		STREET 1:		320 PARK AVENUE
		STREET 2:		29TH FLOOR
		CITY:			NEW YORK
		STATE:			X1
		ZIP:			10022

REPORTING-OWNER:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AYYAPPAN AJAY
		CENTRAL INDEX KEY:			0001762098
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		144

	MAIL ADDRESS:	
		STREET 1:		320 PARK AVENUE
		STREET 2:		29TH FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
</SEC-HEADER>
<DOCUMENT>
<TYPE>144
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>144</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001762098</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <issuerInfo>
      <issuerCik>0001297989</issuerCik>
      <issuerName>ExlService Holdings, Inc.</issuerName>
      <secFileNumber>001-33089</secFileNumber>
      <issuerAddress>
        <com:street1>320 PARK AVENUE</com:street1>
        <com:street2>29TH FLOOR</com:street2>
        <com:city>NEW YORK</com:city>
        <com:stateOrCountry>NY</com:stateOrCountry>
        <com:zipCode>10022</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>(212) 277-7100</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>AYYAPPAN AJAY</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>Officer</relationshipToIssuer>
      </relationshipsToIssuer>
    </issuerInfo>
    <securitiesInformation>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>Fidelity Brokerage Services LLC</name>
        <address>
          <com:street1>900 Salem Street</com:street1>
          <com:city>Smithfield</com:city>
          <com:stateOrCountry>RI</com:stateOrCountry>
          <com:zipCode>02917</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>1865</noOfUnitsSold>
      <aggregateMarketValue>90116.80</aggregateMarketValue>
      <noOfUnitsOutstanding>162304673</noOfUnitsOutstanding>
      <approxSaleDate>02/28/2025</approxSaleDate>
      <securitiesExchangeName>NASDAQ</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>02/27/2025</acquiredDate>
      <natureOfAcquisitionTransaction>Restricted Stock Vesting</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>1865</amountOfSecuritiesAcquired>
      <paymentDate>02/27/2025</paymentDate>
      <natureOfPayment>Compensation</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>Ajay Ayyappan</name>
        <address>
          <com:street1>320 Park Avenue</com:street1>
          <com:street2>29th Floor</com:street2>
          <com:city>New York</com:city>
          <com:stateOrCountry>NY</com:stateOrCountry>
          <com:zipCode>10022</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <saleDate>02/10/2025</saleDate>
      <amountOfSecuritiesSold>16186</amountOfSecuritiesSold>
      <grossProceeds>833579.00</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>Ajay Ayyappan</name>
        <address>
          <com:street1>320 Park Avenue</com:street1>
          <com:street2>29th Floor</com:street2>
          <com:city>New York</com:city>
          <com:stateOrCountry>NY</com:stateOrCountry>
          <com:zipCode>10022</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <saleDate>02/19/2025</saleDate>
      <amountOfSecuritiesSold>4989</amountOfSecuritiesSold>
      <grossProceeds>252942.30</grossProceeds>
    </securitiesSoldInPast3Months>
    <noticeSignature>
      <noticeDate>02/28/2025</noticeDate>
      <planAdoptionDates>
        <planAdoptionDate>11/12/2024</planAdoptionDate>
      </planAdoptionDates>
      <signature>/s/ Corey Walter, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Ajay Ayyappan</signature>
    </noticeSignature>
  </formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
