Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 114,581	$ 218,530
Short-term investments	169,739	184,286
Restricted cash	6,810	4,690
Accounts receivable, net	192,170	147,635
Prepaid expenses	9,553	11,344
Advance income tax, net	19,099	5,684
Other current assets	33,223	37,109
Total current assets	545,175	609,278
Property and equipment, net	83,905	92,875
Operating lease right-of-use assets	81,324	91,918
Restricted cash	2,302	2,299
Deferred tax assets, net	26,747	7,749
Intangible assets, net	49,807	59,594
Goodwill	348,699	349,088
Other assets	27,154	32,099
Investment in equity affiliate	2,957	2,957
Total assets	1,168,070	1,247,857
Current liabilities:
Accounts payable	2,881	6,992
Current portion of long-term borrowings	15,000	25,000
Deferred revenue	11,866	32,649
Accrued employee costs	95,833	67,645
Accrued expenses and other current liabilities	67,926	66,410
Current portion of operating lease liabilities	18,340	18,894
Income taxes payable, net	11,080	3,488
Total current liabilities	222,926	221,078
Long-term borrowings, less current portion	170,000	201,961
Operating lease liabilities, less current portion	73,939	84,874
Income taxes payable	1,790	1,790
Deferred tax liabilities, net	901	847
Other non-current liabilities	13,529	18,135
Total liabilities	483,085	528,685
Commitments and contingencies (Refer to Note 24)
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, 39,312,225 shares issued and 33,343,895 shares outstanding as of September 30, 2021 and 38,968,052 shares issued and 33,559,434 shares outstanding as of December 31, 2020	39	39
Additional paid-in capital	385,917	420,976
Retained earnings	727,838	641,379
Accumulated other comprehensive loss	(92,257)	(74,984)
Total including shares held in treasury	1,021,537	987,410
Less: 5,968,330 shares as of September 30, 2021 and 5,408,618 shares as of December 31, 2020, held in treasury, at cost	(336,552)	(268,238)
Stockholders’ equity	684,985	719,172
Total equity	684,985	719,172
Total liabilities and stockholders’ equity	$ 1,168,070	$ 1,247,857