|Feb 22, 2018|
|Feb 22, 2018|
Currency in INR
Information Technology Services
|Full time employees:||115,973|
HCL Technologies Ltd. is a global information technology services company. It operates through the following segments: Software Services; Business Process Outsourcing Services; and Information Technology Services. The Software Services segment provides application development and maintenance, enterprise application, next generation software as a service application services, engineering, and research and development. The Business Process Outsourcing Services segment offers traditional contact centre and help desk services and the next generation services around platform business process as a service. The Information Technology Services segment relates to management services involving customer's information technology assets. The company was founded by Shiv Nadar on November 12, 1991 and is headquartered in Noida, India.
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
Gains in IT stocks help override concerns over foreign fund outflows
February 23, 2018 8:54 pm JST
HCL Tech, Tata Consultancy advance on bets industry to perform better
February 21, 2018 9:47 pm JST
Fed's January meeting minutes to provide further cues for investors
February 21, 2018 8:38 pm JST
February 21, 2018 8:33 pm JST
HCL Technologies wants to protect the world's networks, says its vice president
February 8, 2018 10:00 am JST
Vice president says company's secret is being in right place at right time
February 5, 2018 2:02 pm JST
Investor attention turns to next week's federal budget
January 25, 2018 10:09 pm JST
- Local currency
- US Dollar
|Income before tax||105,398.5M|
|Dividends per share||24|
|Operating cash flow||98,305.4M|
Currency in INR
|Income before tax||1,571.77M|
|Dividends per share||0.35|
|Operating cash flow||1,465.99M|
Currency in USD
- Chairman, MD & Chief Strategy Officer: Shiv Nadar
- President & Chief Executive Officer: C. Vijayakumar
- Chief Financial Officer: Anil Kumar Chanana
- CTO & EVP-Information Technology Services: Kalyan Kumar B.
- Chief Technologist & Vice President: Vikram Duvvoori
- Vama Sundari Investments (Delhi) Pvt Ltd.(42.2%)
- NADAR SHIV(16.8%)
- ICICI Prudential Asset Management Co. Ltd.(2.0%)
- Life Insurance Corp. of India(1.5%)
- Artisan Partners LP(1.4%)
- BlackRock Fund Advisors(1.4%)
- The Vanguard Group, Inc.(1.3%)
- ICICI Prudential Life Insurance Co. Ltd. (Invt Port)(1.2%)
- Lazard Asset Management LLC(1.1%)
- SBI Funds Management Pvt Ltd.(1.0%)
- Website: http://www.hcltech.com
- Address: Plot No. 3A, Sector 126, Noida, 201304, India
- Phone: +91.12.06125000
Copyright © 2018 FactSet Research Systems Inc. All rights reserved.