Asia300

HCL Technologies Ltd.

India

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Mar 28, 2017
Prev close: 860.05
Mar 28, 2017
Market cap:
Market cap(USD):
1,213.71B
18,645.35M
Shares: 1,411.21M

Currency in INR

Company profile

Market(Ticker): BOM(532281)
Sector:
Industry:
Technology Services
Information Technology Services
Full time employees: 103,391

Business summary

HCL Technologies Ltd. is a global information technology services company. It provides holistic, multi-service delivery in such industries as financial services, manufacturing, consumer services, public services and healthcare. The company operates through the following segments: Software Services, IT Infrastructure Management Services and Business Process Outsourcing Services. The Software Services segment provides application development & maintenance, enterprise application, next generation SAAS application services and engineering and R&D services to several global customers. The IT Infrastructure Management Services segment engages in managing customer's IT assets effectively. The Business Process Outsourcing Services segment includes the traditional contact centre & help desk services and next generation services around platform BPO & BPAAS delivered through global delivery model. HCL Technologies was founded by Shiv Nadar on November 12, 1991 and is headquartered in Noida, India.

Company background

HCL Technologies is a major provider of IT services in India. It is logging rapid earnings growth while trying to catch up with the top three in the domestic sector. It has offices in more than 30 countries and over 100,000 workers on its payroll.

HCL group was established in 1976 in a garage where founder Shiv Nadar, who is now chairman, worked with friends. In 1978, it became the first in India to develop microcomputers. The group dealt mainly in hardware in the 1980s and 1990s but founded HCL Technologies in 1991, latching onto the growth of the nation's IT services industry.

The company's policy is to delegate considerable power to workers, who get active support from managers. It has institutionalized a system that gives lower-ranking employees the opportunity to contribute ideas; the company credits this with fueling growth.

HCL Technologies' leading shareholder is an investment firm, of which Shiv Nadar is an executive. The investment company and the group's holding company together own nearly 60% of HCL Technologies.

The holding company also presides over HCL Infosystems, a listed business that sells hardware.

In the news

Financial highlights

Mar 2016

  • Local currency
  • US Dollar
Revenue 410,409.64M
Gross profit 122,055.42M
Operating income 81,966.59M
Income before tax 92,336.90M
Net income 74,673.21M
EBITDA 87,205.91M
Diluted EPS 52.9
Dividends per share 22
Total assets 465,341.9M
Total liabilities 189,283.9M
Total equity 272,941.1M
Operating cash flow 44,318.1M

Currency in INR

Revenue 6,268.58M
Gross profit 1,864.27M
Operating income 1,251.95M
Income before tax 1,410.35M
Net income 1,140.55M
EBITDA 1,331.98M
Diluted EPS 0.80
Dividends per share 0.33
Total assets 7,026.94M
Total liabilities 2,858.30M
Total equity 4,121.57M
Operating cash flow 676.91M

Currency in USD

Valuation measures

Mar 2016

PER 15.34
ROA 18.53%
ROE 31.88%
Operating margin 19.97%
Profit margin 18.19%

Key executive

  • President & Chief Executive Officer: C. Vijayakumar
  • Executive VP-Sales Transformation & Operations: Arthur Filip
  • Chief Financial Officer: Anil Kumar Chanana
  • Chief Technologist: Vikram Duvvoori
  • President-Research & Development Services: Hanumantha Rao Gade

Share holders

  • Vama Sundari Investments (Delhi) Pvt Ltd.(42.5%)
  • NADAR SHIV(16.9%)
  • ICICI Prudential Asset Management Co. Ltd.(1.6%)
  • Life Insurance Corp. of India(1.3%)
  • ICICI Prudential Life Insurance Co. Ltd. (Invt Port)(1.2%)
  • The Vanguard Group, Inc.(1.2%)
  • Lazard Asset Management LLC(1.1%)
  • Artisan Partners LP(1.1%)
  • BlackRock Fund Advisors(1.0%)
  • Reliance Nippon Life Asset Management Ltd.(1.0%)

Address

  • Website: http://www.hcltech.com
  • Address: Technology Hub, SEZ, Plot No. 3A, Sector 126, Noida, 201304, India
  • Phone: +91.120.6125000

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