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| Type | Public BSE: 532281 NSE: HCLTECH |
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| Founded | 1999[1] |
| Headquarters | Noida, UP, India |
| Key people | Shiv Nadar, Founder, Chairman, CSO Vineet Nayar - CEO Ranjit Narasimhan - COO-President, BPO Division |
| Industry | IT Services |
| Revenue | ▲ US$ 2.3 billion (2009) |
| Employees | 54,443 (2009) |
| Website | Hcltech.com |
HCL Technologies is a global IT Services company headquartered in Noida, a suburb of Delhi, India led by Mr Vineet Nayar. HCL Technologies, along with its subsidiaries, had consolidated revenues of US$ 2.3 billion (Rs. 11,270 crores), as of 30 Sept. 2009 and employed 54,443 workers [3]
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Services
HCL offers services including software-led IT solutions, remote infrastructure management, Engineering and R&D Services and BPO. HCL’s key services include:
- Custom Application Services
- Enterprise Application Services
- Enterprise Transformation Services
- Engineering and R&D Services
- Infrastructure Management
- Business Processing Outsourcing.
In addition to this, HCL AXON, formed after the acquisition of Axon Group plc in December 2008, offers SAP services including:
- Business Consulting
- Solutions Implementation
- Application Management
- Blue ocean upgrades
- Integration Services.
HCL serves industries such as Financial Services, Hi-tech & Manufacturing, Aerospace & Defense, Telecom, Retail & CPG, Life Sciences, Healthcare, Media & Entertainment, Travel, Transportation & Logistics, Automotive, Government, Energy & Utilities.
Acquisitions and Joint ventures
The company acquired Capitalstream, a US BFSI product company for US$40 million in February 2008.[2] Capitalstream's FinanceCenter product is an addition to HCL's current product addressing the BFSI market - Penstock, the product that HCL launched in 2007.[3]
The company acquired Liberata Financial Services Ltd. on 2nd Sep 2008, Liberata confirmed the sale of Liberata Financial Services Ltd. (LFS) to HCL for an undisclosed sum, following approval for change of control from the Financial Services Authority.[4]
On 15th Dec 2008 it acquired Axon Group, and was renamed HCL AXON [5] [6], the largest acquisition in the history of the Indian IT industry, surpassing Wipro’s $600-million acquisition of Infocrossing in 2007.[7]
Employee First
Employee First, Customer Second (EFCS) is a radical new philosophy of HCL.
Through this philosophy the aim was to create a unique employee organization, drive an inverted organizational structure, create transparency and accountability within the organization, and encourage a value driven culture.
References
- ^ HCL Technologies was split-off from HCL, the parent company in late 1990s
- ^ "HCL Technologies Acquires Capital Stream, Inc., a US based industry leader in lending automation solutions" (PDF). HCL Press Release. 2008-02-20. http://www.hcltech.com/pdf/press-releases/2008/HCLT-acquires-capital-stream.pdf. Retrieved 2008-04-04.
- ^ "HCL Technologies Announces Penstock Foundation Data Management Product for Capital Markets Businesses" (PDF). HCL Press Release. 2007-03-13. http://www.hcltech.com/pdf/FIMA%20Press%20Release.pdf. Retrieved 2008-04-04.
- ^ "Liberata confirm sale of Financial Services to HCL". 2008-09-02. http://www.liberata.com/general.php?id_gen=66&id_news=35. Retrieved 2008-10-21.
- ^ "HCL Technologies completes acquisition of AXON Group plc" (PDF). 2008-12-16. http://www.hcl.in/files/HCL-Technologies-completes-acquisition-of-AXON-Group-plc.pdf. Retrieved 2008-12-17.
- ^ "HCL completes Axon acquisition". 2008-12-15. http://timesofindia.indiatimes.com/Business/India_Business/HCL_completes_Axon_acquisition/articleshow/3842678.cms. Retrieved 2008-12-17.
- ^ "HCL Tech completes acquisition of Axon". 2008-12-16. http://www.thehindubusinessline.com/2008/12/16/stories/2008121650990400.htm. Retrieved 2008-12-17.
External links
- HCL Technologies Official Home Page
- Rediff Coverage - 2001
- Story of HCL
- Shiv & HCLT
- Moneycontrol Article on Shiv Nadar and HCLT
- HCL - Company in Transition
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