HCL Technologies

HCL Technologies Ltd.
Public
Traded as BSE: 532281
NSE: HCLTECH
Industry IT services, IT consulting
Founded November 12, 1991 (1991-11-12)[1]
Founder Shiv Nadar
Headquarters Noida, India
Area served
 Worldwide
Key people
 Shiv Nadar (Chairman & CSO)[2]
Anant Gupta (President & CEO)[3]
Services IT, business consulting and outsourcing services[4]
Revenue Increase US$ 5.952 billion (FY'15)[5]
Increase US$ 1.324 billion (FY'15)[5]
Profit Increase US$ 1.164 billion (FY'15)[5]
Number of employees
 106,107 (September 2015)[6]
Parent HCL Enterprise
Slogan Relationship Beyond the Contract.[7]
Website HCLTech.com

HCL Technologies Limited is a global IT services company, headquartered in Noida, Uttar Pradesh, India. It is a subsidiary of HCL Enterprise. Originally the research and development division of HCL Limited, it emerged as an independent company in 1991 when HCL Limited ventured into the software services business.[8] HCL Technologies (often called Hindustan Compute,rs Limited) o.ffers services including IT consulting, enterprise transformation, remote infrastructure management, engineering and R&D, and business process outsourcing (BPO).[9]

The company has offices in 32 countries, and operates across a number of industry verticals including aerospace and defense, automotive, consumer electronics, energy and utilities, financial services, government, independent software vendors, industrial manufacturing, life sciences and healthcare, media and entertainment, mining and natural resources, oil and gas, public services, retail and consumer, semiconductor, server and storage, telecom, and travel, transportation, logistics and hospitality.[10][11]

HCL Technologies is on the Forbes Global 2000 list and is one of Asia’s Fab 50 Companies.[12][13] It is among the top 20 largest publicly traded companies in India and had a market capitalization of $22.1 billion as of May 2015.[14] HCL Technologies, along with its subsidiaries, had consolidated revenues of $6.0 billion as of August 2015.[15]

History

Limited is a global IT services company, headquartered in Noida, Uttar Pradesh, India. Originally the research and development division of HCL Limited, it emerged as an independent company in 1991 when HCL Limited ventured into the software services business.[16] HCL Technologies (often called Hindustan Computers Limited) offers services including IT consulting, enterprise transformation, remote infrastructure management, engineering and R&D, and business process outsourcing (BPO).[17]

The company has offices in 32 countries, and operates across a number of industry verticals including aerospace and defense, automotive, consumer electronics, energy and utilities, financial services, government, independent software vendors, industrial manufacturing, life sciences and healthcare, media and entertainment, mining and natural resources, oil and gas, public services, retail and consumer, semiconductor, server and storage, telecom, and travel, transportation, logistics and hospitality.[18][19]

HCL Technologies is on the Forbes Global 2000 list and is one of Asia’s Fab 50 Companies.[20][21] It is among the top 20 largest publicly traded companies in India and had a market capitalization of $22.1 billion as of May 2015.[22] HCL Technologies, along with its subsidiaries, had consolidated revenues of $6.0 billion as of August 2015.[5]

History

Formation and early years

HCL Technologies is one of the four companies under HCL Corporation, the second company being HCL Infosystems. In February, 2014 HCL forayed into healthcare with the launch of a new venture, HCL Healthcare.[23] HCL TalentCare is the fourth and latest venture of HCL Corporation.[24]

HCL Technologies began as the R&D Division of HCL Enterprise,[25] a company which was a major contributor in the development and growth of the IT and computer industry in India. HCL Enterprise like the most delivered several firsts – an indigenous microcomputer in 1978,[26] a Relational Database Management System (RDBMS), a networking OS and a client-server architecture in 1983,[27] and a fine-grained multiprocessor UNIX installation in 1989. On 12 November 1991, HCL Technologies was spun off as a separate unit to mark the company’s arrival in the software services arena.

HCL Technologies was originally incorporated as HCL Overseas Limited.[28] The name was changed to HCL Consulting Limited on 14 July 1994.[29] On 6 October 1999, the company was renamed as ‘HCL Technologies Limited’ for a better reflection of its activities.[28]

The period between 1991 and 1999 saw the company expand its software development capacities, building one of the largest set-ups in India. It was also around this time that the company spread its operations to the US, European and APAC markets.[28]

IPO and subsequent expansion

Following the rebranding as ‘HCL Technologies Limited’, the company went public on 10 November 1999, with an issue of 14.2 million shares, valued at ₹4 each.[30] During 2000, the company set up a dedicated offshore development center in Chennai, India, for KLA-Tencor Corporation.[30] In 2002, it acquired Gulf Computers Inc., USA, as a part of its expansion drive.[30]

Acquisitions

Number Acquisition date Company Business Country References
1 February 20, 2008 Capital Stream Inc. Automation solutions  USA [31]
2 July 16, 2008 Liberata Financial Service Business process outsourcing  UK [32]
3 August 25, 2008 Control Point Solutions, Inc. Telecom solutions  USA [33]
4 December 15, 2008 Axon Group Plc. SAP Consulting  UK [34]
5 July 16, 2009 UCS Group’s Enterprise Solutions SAP Practice SAP  SA [35]
6 June 30, 2015 Part of Volvo IT Information technology  SWE [36]
7 October 19, 2015 Concept to Silicon Systems (C2SiS) Semi-Conductors  IND [37]

Operations

A world-map showing the countries where HCL Technologies has operations.

The company operates in 34 countries across the globe,[38] including its headquarters in Noida, Uttar Pradesh, India. In the APAC and EMEA, it has establishments in Australia, China, Hong Kong, India, Indonesia, Israel, Japan, Malaysia, New Zealand, Saudi Arabia, Singapore, South Africa, United Arab Emirates and Qatar. In Europe it covers Belgium, Czech Republic, Denmark, Estonia,[39] Finland, France, Germany, Italy, Netherlands, Norway, Poland, Sweden, Switzerland and the United Kingdom. In the Americas, the company has offices in Brazil, Canada, Mexico, Puerto Rico and the United States.

Business lines

  1. Applications Services: This division delivers integrated transformation services for the applications portfolio of companies in consumer, manufacturing, life sciences, healthcare, public, and financial services domains.[40]
  2. Business Services: The division provides Next-Gen BPO services across industries. It consists of a team of 14,000 professionals, operating out of delivery centers spread across India, USA, Europe, Ireland, UK, Latin America and the Philippines.[41] The company uses its integrated global delivery model to ensure seamless operations across geographies.[42] It has also launched EFaaS (Enterprise Functions as a Service), aimed at transforming enterprise functions while driving significant savings on the total cost of operations.[43]
  3. Engineering and R&D Services (ERS): This division is focused on providing comprehensive engineering and R&D services and solutions in hardware and software product engineering across industry verticals with targets areas like Internet of Things (IoT), Big Data Analytics, Social Media, Digitalization and Product Intelligence.[44][45]
  4. Infrastructure Management Services (IMS)

Partnerships and alliances

Manchester United and HCL Technologies announcing their partnership at Old Trafford stadium

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.

Corporate social responsibility

Community initiatives

Power of One

Power of One is an employee-driven, management supported initiative that focuses on transforming social projects and activities. [46] As a part of this initiative, the company has undertaken:

Additionally, since 2006, the company has been conducting a series of monthly and biennial concerts to provide a platform for upcoming young Indian classical artists to showcase their talent.[49]

Environment initiatives

Go Green

HCL runs a multi-layered program Go Green, as a part of its continued sustainability initiatives.[50] This covers green processes across facilities, and in the areas of travel, IT and events. The company has designed and developed a comprehensive GreenEdge sustainability framework to address challenges specific to the needs of manufacturing industries.[50]

In addition, it is also:

Honours

Awards

Recognition

See also

References

  1. ↑ "Company History - HCL Technologies Ltd.". The Economic Times. Retrieved 9 November 2015.
  2. ↑ "Fast Facts". HCL Technologies. Retrieved 1 February 2014.
  3. ↑ "HCL Technologies appoints Anant Gupta as CEO; Vineet Nayar to continue as Vice Chairman". The Economic Times. Retrieved 28 August 2015.
  4. ↑ "HCL Technologies Fast Facts". HCL Technologies. Retrieved 28 August 2015.
  5. 1 2 3 4 "HCL Technologies Financial Statements". HCL Technologies. 3 August 2015. Retrieved 3 August 2015.
  6. ↑ "HCL Technologies Fast Facts". HCL Technologies. 3 August 2015. Retrieved 3 August 2015.
  7. ↑ "Relationship beyond the Contract". HCL Technologies. Retrieved 24 July 2015.
  8. ↑ "Company History - HCL Technologies Ltd.". The Economic Times. Retrieved 28 August 2015.
  9. ↑ "HCL to take care of US energy firm customers". Business Standard. 4 September 2013.
  10. ↑ "HCL Technologies Ltd.". NDTV Profit. Retrieved 28 August 2015.
  11. ↑ Building a Reservoir of Strategic Competencies That Will Develop and Engage Leaders for the Future (PDF) (Report).
  12. ↑ "The World's Biggest Public Companies". Forbes. May 2013.
  13. ↑ "Asia's Fab 50 Companies". Forbes. August 2013.
  14. ↑ "Top 100 Companies by Market Capitalization BSE". BSE. Retrieved 15 February 2015.
  15. ↑ "HCL Technologies Financial Statements". HCL Technologies. 3 August 2015. Retrieved 3 August 2015.
  16. ↑ "Company History - HCL Technologies Ltd.". The Economic Times. Retrieved 28 August 2015.
  17. ↑ "HCL to take care of US energy firm customers". Business Standard. 4 September 2013.
  18. ↑ "HCL Technologies Ltd.". NDTV Profit. Retrieved 28 August 2015.
  19. ↑ Building a Reservoir of Strategic Competencies That Will Develop and Engage Leaders for the Future (PDF) (Report).
  20. ↑ "The World's Biggest Public Companies". Forbes. May 2013.
  21. ↑ "Asia's Fab 50 Companies". Forbes. August 2013.
  22. ↑ "Top 100 Companies by Market Capitalization BSE". BSE. Retrieved 15 February 2015.
  23. ↑ "HCL enters healthcare business with Rs 1,000 crore". The Times of India. 7 February 2014. Retrieved 28 August 2015.
  24. ↑ "HCL launches TalentCare to bridge supply gap in IT, Healthcare, Banking". The Economic Times. 15 May 2015. Retrieved 29 August 2015.
  25. ↑ "Heritage & Legacy". HCL. Retrieved 28 August 2015.
  26. ↑ "About HCL Enterprise". HCL Technologies. Retrieved 28 August 2015.
  27. ↑ "Milestones". HCL. Retrieved 28 August 2015.
  28. 1 2 3 "Company History - HCL Technologies Ltd.". The Economic Times. Retrieved 28 August 2015.
  29. ↑ "Company History - HCL Technologies Ltd.". The Economic Times. Retrieved 28 August 2015.
  30. 1 2 3 "Company History - HCL Technologies Ltd.". The Economic Times. Retrieved 28 August 2015.
  31. ↑ "HCL acquires Capital Stream for $40 million". The Economic Times. 21 February 2008. Retrieved 28 August 2015.
  32. ↑ "HCL Tech to acquire Liberata Financial Services". Business Standard. 16 July 2008. Retrieved 28 August 2015.
  33. ↑ "HCL Tech buys US based Control Point". The Times of India. 25 August 2015. Retrieved 28 August 2015.
  34. ↑ "HCL Technologies Completes Acquisition of AXON Group plc". Bloomberg. 15 December 2008. Retrieved 28 August 2015.
  35. ↑ "HCL Tech Division Buys UCS Group's SAP Operations". The Wall Street Journal. 17 July 2009. Retrieved 28 August 2015.
  36. ↑ "HCL Tech to buy Volvo’s IT business". The Hindu Business Line. 20 October 2015. Retrieved 20 October 2015.
  37. ↑ October 2015 "C2SiS is empowering strategic change in a broad range of industries with its specialization in system-on-chip and system design services and its client list includes Fortune 100 and Fortune 500 companies. This acquisition will further extend HCL's leadership position in the semiconductor industry." Check |url= value (help). The Economic Times. 19 October 2015.
  38. ↑ "HCL Technologies Wins Five-Year IT Managed Services Contract With SAI Global". CSO. Retrieved 28 August 2015.
  39. ↑ "HCL Opens Centre in Estonia". The Economic Times. Retrieved 4 December 2015.
  40. ↑ "HCL Tech bets big on apps business for growth". The Hindu Business Line. 4 January 2015. Retrieved 28 August 2015.
  41. ↑ "We continue to strive for a margin range of 21-22 per cent: Anil Chanana, CFO, HCL Technologies". The Economic Times. 3 August 2015. Retrieved 28 August 2015.
  42. ↑ "HCL Tech: a firm whose business fundamentals are still strong". The Hindu Business Line. 11 January 2015. Retrieved 28 August 2015.
  43. ↑ "HCL Technologies Q3 profit jumps 73 pc, beats estimates". The Economic Times. 17 April 2013. Retrieved 28 August 2015.
  44. ↑ "HCL Tech extends lead over its peers in engg, R&D services". The Hindu Business Line. 20 March 2012. Retrieved 28 August 2015.
  45. ↑ "HCL partners Tele2 to tap IoT opportunities". The Times of India. 28 August 2015. Retrieved 28 August 2015.
  46. ↑ "Power of One".
  47. ↑ "Project Samudhay: HCL to transform 100 villages with scalable models in health, sanitation". The Economic Times. 5 September 2014. Retrieved 31 August 2015.
  48. ↑ Udayan Care Sunrise http://udayancare.org/udyan_newsleeter/vol23/vol23more.htm. Retrieved 31 August 2015. Missing or empty |title= (help)
  49. ↑ "Sangita Kalanidhi award conferred on Madurai T.N. Seshagopalan". The Hindu. 16 December 2006.
  50. 1 2 "HCL - The GO GREEN Initiative". Swasti Shipra.
  51. ↑ "GreenEdge Sustainability for Manufacturing-An HCL Point of View".
  52. ↑ "HCL Infosystems (HCL) is included in the global release of the 18th edition of the Greenpeace Guide to Greener Electronics for the first time, having only been included in Indian editions previously. With a score of 3.1, HCL shares 13th position with Sharp." (PDF). Green Peace.
  53. ↑ "Producer Responsibility for Electronic Waste is an important issue, says HCL". Sustainability Outlook. 28 May 2012. Retrieved 31 August 2015.
  54. ↑ "HCL Infosystems starts 'Green Bag' campaign". The Economic Times. 5 June 2009. Retrieved 31 August 2015.
  55. ↑ "HCL spreads awareness on safe disposal of e-waste". CXO Today. CXO Today. 21 May 2010. Retrieved 31 August 2015.
  56. ↑ "HCL unveils Green Datacenter Services". Money Control. Retrieved 31 August 2015.
  57. ↑ "HCL WEF".
  58. ↑ "2015 Aecus Innovation Awards". Aecus. Retrieved 1 September 2015.
  59. ↑ "HCL Technologies receives Best Governed Company Award by Asian Centre for Corporate Governance & Sustainability". The Hindu Business Line. 8 January 2014. Retrieved 1 September 2015.
  60. ↑ "HCL Tech - HCL wins CNBC-TV18's India Business Leader Award for Outstanding Company of the Year". CNBC TV18. 14 January 2014. Retrieved 1 September 2015.
  61. ↑ "Winners 2014". HR Excellence Awards. Retrieved 1 September 2015.
  62. ↑ "The World's Most Influential Companies". Bloomberg Business. Retrieved 1 September 2015.
  63. ↑ "Aceanalyser" (PDF). Retrieved 1 September 2015.
  64. ↑ "Outlook for Outsourcing Spending Brightens". The Wall Street Journal. 28 May 2009.
  65. ↑ "The Black Book of Outsourcing Places HCL At No.1". EFY Times.
  66. ↑ "The WorldBlu List of Most Democratic Workplaces™". WorldBlu.
  67. ↑ Nayar, Vineet. Employees First, Customers Second: Turning Conventional Management Upside Down.
  68. ↑ Darwin, Solomon (31 July 2015). HCL's Digital Open Innovation: Enhancing Business Model Effectiveness through Talent and Customer Acquisition, Development, and Retention.
  69. ↑ "The HCL Way". Wiley Online Library.
  70. ↑ "How Shiv Nadar learned to let HCL Grow Up". Forbes India. 2 November 2009. Retrieved 1 September 2015.
  71. ↑ "Infor and HCL Technologies Enter Strategic Partnership. Bloomberg Business" (PDF). Brand Finance.

External links

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