Asia300

HCL Technologies Ltd.

India

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
May 24, 2017
Prev close: 855
May 24, 2017
Market cap:
Market cap(USD):
1,220.07B
18,836.59M
Shares: 1,426.98M

Currency in INR

Company profile

Market(Ticker): BOM(532281)
Sector:
Industry:
Technology Services
Information Technology Services
Full time employees: --

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 2017

  • Local currency
  • US Dollar
Revenue 475,675.3M
Gross profit 143,927.4M
Operating income 95,564.2M
Income before tax 105,406.5M
Net income 86,063.3M
EBITDA 103,845.5M
Diluted EPS 60.27
Dividends per share 24
Total assets 457,694.4M
Total liabilities 126,470.6M
Total equity 329,498.5M
Operating cash flow --

Currency in INR

Revenue 7,093.58M
Gross profit 2,146.34M
Operating income 1,425.11M
Income before tax 1,571.89M
Net income 1,283.43M
EBITDA 1,548.61M
Diluted EPS 0.89
Dividends per share 0.35
Total assets 7,048.50M
Total liabilities 1,947.64M
Total equity 5,074.28M
Operating cash flow --

Currency in USD

Valuation measures

Mar 2017

PER 14.47
ROA 18.64%
ROE 28.57%
Operating margin 20.09%
Profit margin 18.09%

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.(42.0%)
  • NADAR SHIV(16.7%)
  • ICICI Prudential Asset Management Co. Ltd.(1.4%)
  • Life Insurance Corp. of India(1.3%)
  • ICICI Prudential Life Insurance Co. Ltd. (Invt Port)(1.3%)
  • The Vanguard Group, Inc.(1.2%)
  • Lazard Asset Management LLC(1.1%)
  • BlackRock Fund Advisors(1.1%)
  • Reliance Nippon Life Asset Management Ltd.(1.1%)
  • Artisan Partners LP(1.1%)

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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