HCL Technologies

HCL Technologies Ltd
एचसीएल टेक्नोलॉजीज लिमिटेड
Public
Traded as BSE: 532281
NSE: HCLTECH
Industry IT services, IT consulting
Founded 11 August 1976
Founder Shiv Nadar, Arjun Malhotra
Headquarters Noida, Uttar Pradesh India
Area served
 Worldwide
Key people
 Shiv Nadar (Chairman & CSO)[1]
Anant Gupta (President & CEO)
Services IT, business consulting and outsourcing services
Revenue Increase US$6.7 Billion (FY2014)
Increase US$335 million (Q3, 2014)
Profit Increase US$1.0 Billion (FY2014)
Number of employees
 100,000[2]
Divisions Enterprise Application Services
Custom Application Services
Engineering and R&D Services
Enterprise Transformation Services
IT Infrastructure Management Services
Business Services/BPO1
Website www.hcltech.com

HCL Technologies Limited is an Indian global IT services company headquartered in Noida, Uttar Pradesh. It offers services including software consulting, enterprise transformation, remote infrastructure management, engineering and R&D services, and business process outsourcing (BPO).[3]

HCL has offices in 31 countries to provide services across industry verticals, including aerospace & defense, energy & utilities, independent software vendors, manufacturing, professional services, servers & storage, automotive, financial services, industrial manufacturing, media & entertainment, retail & consumer, telecom, consumer electronics, government, life sciences & healthcare, medical devices, semiconductors, and travel, transportation & logistics.[4]

HCL Technologies is on the Forbes Global 2000 list[5] and is one of Asia’s Fab 100 Companies.[6] On 15 February 2015, its market capitalisation was INR 140,104 crores ($22.48 billion), making it to India's Top 20 largest publicly traded companies.[7] HCL Technologies, along with its subsidiaries, had consolidated revenues of US$ 5.7 bn as on 31 December 2014.[8]

History

HCL Corporation is a global enterprise with annual revenues of over $6.7 billion. HCL Technologies is the first of three companies under HCL Enterprise. The second company is HCL Infosystems and in February, 2014 HCL forayed into healthcare with the launch of HCL Healthcare. HCL Enterprise developed India’s first indigenous micro-computer. The company has been a leader in technological innovation with many world firsts to its credit, including the first Relational Database Management System (RDBMS) in 1983, client-server architecture in 1984, and fine-grained multiprocessor UNIX installation in 1989.[9] HCL Enterprise's R&D division was spun off as HCL Technologies in 1991 to mark its advent into the software services arena.

Acquisitions

Company acquired Country Date Business
CapitalStream Inc Thanipadi. 20-Feb-08 Provides lending automation solutions[10]
Liberata Financial Services United Kingdom BPO[11]
Control Point Solutions, Inc. U.S.A. 25-Aug-08 Telecom solutions company[12]
AXON Group Plc United Kingdom 15-Dec-08 SAP consulting company[13][14]
UCS Group’s Enterprise Solutions SAP practice South Africa 16-Jul-09 SAP Unit[15]

Operations

HCL has offices in 35 countries across the globe. In APAC and EMEA, HCL has offices in Australia, China, Hong Kong, India, Indonesia, Israel, Japan, Malaysia, New Zealand, Saudi Arabia, Singapore, South Africa, UAE and Qatar. In Europe, HCL has offices in Belgium, Czech Republic, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Sweden, Switzerland and the UK. In the Americas, HCL has offices in Brazil, Mexico, Puerto Rico and the USA.

Business lines

  1. Business Services: This group's portfolio includes technical support services, finance and accounting services, supply chain management, knowledge and legal services, customer relationship management and human resource outsourcing. Its vertical reach spans banking and capital markets, insurance, healthcare and pharma, telecom, media, publishing and entertainment, utilities, hi-tech and manufacturing, retail and consumer packaged goods, and travel, transportation and logistics industries.
  2. Custom Application Services:This group's portfolio includes application development, application support & maintenance, application consulting, application integration, application re-engineering & modernization, and application migration. Its vertical reach spans retail, banking, insurance, media & publishing, gaming, and life sciences.
  3. Engineering and R&D Services:This group's portfolio includes hardware product engineering, embedded software and systems development, mechanical engineering, software product engineering, and engineering out of the box. Its vertical reach spans aerospace and defense, automotive, consumer electronics, industrial manufacturing, medical devices, networking and telecom, semiconductor, server and storage, and software products industries.
  4. Enterprise Application Services:This group's portfolio includes global enterprise resource planning, application maintenance and support, enterprise performance management and business intelligence, enterprise asset management, and human capital management. HCL offers these services across SAP, Oracle, and Microsoft technologies. Its vertical reach spans aerospace & defense, banking services, consumer packaged goods, insurance, government, life sciences & healthcare, manufacturing & hi-tech, media & entertainment, oil & gas, professional services, retail, telecommunications, travel, transportation and logistics, utilities industries.To provide full life cycle suite of enterprise application services, HCL acquired AXON Group Plc, making it the largest acquisition in tech space by any Indian company.[18] HCL even won the FT ArcelorMittal ‘Boldness in Business’ award in 2009 for this strategic acquisition[19]
  5. Enterprise Transformation Services:This group’s service portfolio includes business transformation, technology transformation, data warehousing and business intelligence, middleware and SOA, enterprise content management and portals, independent verification and validation, IT governance and process quality consulting.
  6. IT Infrastructure Management Services:The group’s portfolio includes cloud computing, end user computing, data center transformation, network transformation, information security, integrated operations management, cross functional services, mainframe and AS/400, and system integration. Its vertical reach spans automotive, chemical, energy (oil & gas) and utilities, financial services, hi-tech, insurance, manufacturing, retail, travel, tourism & logistics, banking, consumer electronics, food, beverages & tobacco, independent software vendors, life sciences, healthcare & pharmaceuticals, telecom, media, publishing & entertainment.

Partnerships

HCL's ecosystem consists of close to 100 companies in various technology areas with which they have formed go-to-market alliances, specialist partnerships for niche technologies, and teaming partnerships for specific customers.

Awards and recognition

Corporate social responsibility

Community initiatives

HCL promotes quality education (through SSN Institutions) and through other community support programs such as working with Udayan[29][30] the Concert Series[31][32] and the Public Health Foundation of India "Financial Information".

Recent recognition
HCL won the Asia-Pacific Enterprise Leadership Award[33] (APELA) for 2013. This award recognizes and honors the achievements of companies in the areas of sustainable development, corporate responsibility, and/or corporate social responsibility (CSR). HCL was also the only Indian company on the Honor Roll of the UN Women Women Empowerment Leadership Awards[34] for 2013. This award recognises business leaders for their support for gender equality and women’s empowerment.

Environment – initiatives

Go Green: HCL runs a multi-layered corporate program "Go Green" to drive its sustainability initiatives. It has green processes across facilities & in the areas of travel, IT and events. The company commits to compliance with ISO 14001 standards.[35] It runs campaigns to initiate individual action towards environmental issues.[36] It has designed and developed a comprehensive GreenEdge sustainability framework that caters to the specific needs of manufacturing industries.[37]

HCL’s green credentials
  1. HCL is the first Indian ICT manufacturer to launch RoHS compliant laptops[38]
  2. HCL in alliance with TERI (headed by Dr. R. K. Pachauri, 2007 Nobel Prize winner) are active members of India Council for Sustainable Development[39]
  3. HCL, as one of the strategic partners of the World Economic Forum, has been contributing to WEF's Strategy and Government Affairs meetings on the contribution of the ICT industry to managing climate change [40]
  4. Winner of the Golden Peacock Eco Innovation Award 2009 [41]
  5. HCL Green Data center awarded the 1st LEED platinum certification in India [42]
  6. Reporting GHG emissions and reducing it year-on-year [43]
  7. HCL is the first company in India to launch a PVC & BFR Free laptop in January 2010 [44]
  8. HCL is the first Company in India to launch an Antimony & Beryllium Free laptop [45]
  9. HCL was the First ICT company in India to Voluntarily Support EPR Extended Producer Responsibility[46]
  10. HCL extend its take-back service to customers for disposing off their equipment through HCL Green Bag Campaign, and recycling collected E-waste in an environment-friendly manner[47][48]

References

  1. ↑ "Fast Facts". HCL Technologies. Retrieved 1 February 2014.
  2. ↑ "About HCL Technologies".
  3. ↑ "HCL to take care of US energy firm customers". Business Standard. 4 September 2013.
  4. ↑ Building a Reservoir of Strategic Competencies That Will Develop and Engage Leaders for the Future (PDF) (Report).
  5. ↑ "The World's Biggest Public Companies". Forbes. May 2013.
  6. ↑ "Asia's Fab 50 Companies". Forbes. August 2013.
  7. ↑ "Top 100 Companies by Market Capitalization BSE". BSE. Retrieved 15 February 2015.
  8. ↑ "HCL Technologies Facts". December 2014.
  9. ↑ The New Technology Elite (Report).
  10. ↑ "HCL Technologies sells part of Capital Stream to Linedata for $45M". Reuters. 18 February 2013.
  11. ↑ "HCL Tech to acquire Liberata Financial Services".
  12. ↑ "HCL Tech buys US firm Control Point for $20 mn".
  13. ↑ "HCL completes acquisition of UK’s Axon".
  14. ↑ "HCL Axon buys UCS Group's SAP operation".
  15. ↑ "HCL Axon buys UCS Group's SAP operation". Siliconindia.com. Retrieved 2015-02-19.
  16. ↑ "HCL Technologies sells part of Capital Stream to Linedata for $45M". Reuters. 18 February 2013.
  17. ↑ "HCL Expense Management Services".
  18. ↑ "HCL completes acquisition of UK’s Axon".
  19. ↑ "HCL wins FT ArcelorMittal Boldness in Business Award".
  20. ↑ "The World's Most Influential Companies". Business Week.
  21. ↑ http://microsite.hcltech.com/fromnotonow/pdf/harvard-case-study-efcs.pdf
  22. ↑ Outlook for Outsourcing Spending Brightens. WSJ (Report). 28 May 2009.
  23. ↑ The Black Book of Outsourcing Places HCL At No.1. EFY (Report). 26 November 2007.
  24. ↑ The WorldBlu List of Most Democratic Workplaces™ 2012. WorldBlu (Report).
  25. ↑ "Employees First, Customers Second: Turning Conventional Management Upside Down".
  26. ↑ "The HCL Way".
  27. ↑ "How Shiv Nadar Learned to Let HCL Grow Up".
  28. ↑ "The Connectors".
  29. ↑ "Udayan Care Sunrise".
  30. ↑ "Udayan Care Sunrise".
  31. ↑ "HCL concert series launched in Chennai". The Hindu (Chennai, India). 11 September 2006.
  32. ↑ "Sowmya sings at HCL concert series".
  33. ↑ "THE INAUGURAL ASIA-PACIFIC ENTERPRISE LEADERSHIP AWARDS (APELA) 2013" (PDF).
  34. ↑ "WEPs Leadership Awards".
  35. ↑ "HCL unveils Green Datacenter Services".
  36. ↑ "HCL Advances Go Green Initiative".
  37. ↑ "GreenEdge Sustainability for Manufacturing-An HCL Point of View" (PDF).
  38. ↑ "GreenEdge Sustainability for Manufacturing-An HCL Point of View".
  39. ↑ "HCL Launches Eco-Friendly Laptops".
  40. ↑ "Task Force on Low-Carbon Prosperity" (PDF).
  41. ↑ "Golden Peacock Eco-Innovation 2009 award conferred on HCL".
  42. ↑ "HCL Infosystems awarded LEED Platinum Certification for its data-centre".
  43. ↑ "Hcl infosystems - joint 13th position".
  44. ↑ "HCL Infosystems (HCL) is included in the global release of the 18th edition of the Greenpeace Guide" (PDF).
  45. ↑ "Producer Responsibility for Electronic Waste is an important issue, says HCL".
  46. ↑ "E-waste:Recycling,Re-use and Disposal" (PDF).
  47. ↑ "HCL Infosystems starts 'Green Bag' campaign".
  48. ↑ "HCL spreads awareness on safe disposal of e-waste".

External links