CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 135,337	$ 218,530
Short-term investments	178,538	184,286
Restricted cash	6,174	4,690
Accounts receivable, net	194,232	147,635
Prepaid expenses	14,655	11,344
Advance income tax, net	15,199	5,684
Other current assets	34,009	37,109
Total current assets	578,144	609,278
Property and equipment, net	86,008	92,875
Operating lease right-of-use assets	76,692	91,918
Restricted cash	2,299	2,299
Deferred tax assets, net	21,404	7,749
Intangible assets, net	81,082	59,594
Goodwill	403,902	349,088
Other assets	30,369	32,099
Investment in equity affiliate	3,004	2,957
Total assets	1,282,904	1,247,857
Current liabilities:
Accounts payable	6,873	6,992
Current portion of long-term borrowings	260,016	25,000
Deferred revenue	20,000	32,649
Accrued employee costs	114,285	67,645
Accrued expenses and other current liabilities	75,124	66,410
Current portion of operating lease liabilities	18,487	18,894
Income taxes payable, net	901	3,488
Total current liabilities	495,686	221,078
Long-term borrowings, less current portion	0	201,961
Operating lease liabilities, less current portion	68,506	84,874
Income taxes payable	1,790	1,790
Deferred tax liabilities, net	965	847
Other non-current liabilities	22,801	18,135
Total liabilities	589,748	528,685
Commitments and contingencies (Refer Note 25)
Preferred stock, $0.001 par value; 15,000,000 shares authorized, none issued	0	0
ExlService Holdings, Inc. Stockholders’ equity:
Common stock, $0.001 par value; 100,000,000 shares authorized, 39,508,340 shares issued and 33,291,482 shares outstanding as of December 31, 2021 and 38,968,052 shares issued and 33,559,434 shares outstanding as of December 31, 2020	40	39
Additional paid-in capital	395,742	420,976
Retained earnings	756,137	641,379
Accumulated other comprehensive income/(loss)	(89,474)	(74,984)
Total including shares held in treasury	1,062,445	987,410
Less: 6,216,858 shares as of December 31, 2021 and 5,408,618 shares as of December 31, 2020, held in treasury, at cost	(369,289)	(268,238)
Stockholders' equity	693,156	719,172
Total equity	693,156	719,172
Total liabilities and stockholders’ equity	$ 1,282,904	$ 1,247,857