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HCL Technologies

HCLTech: A Legacy in IT Services HCL Technologies Limited, operating as HCLTech, is a prominent Indian multinational in the IT consulting sector, headquartered in Noida. Founded by Shiv Nadar in 1991 as a spin-off from HCL's foray into software services, the company has rapidly expanded its global footprint. Currently, HCLTech boasts a significant presence in 60 countries, employing over 220,000 individuals. This substantial workforce underscores the company's extensive reach and influence within the global IT landscape. The company's growth trajectory reflects its success in navigating the complexities of the IT industry and adapting to evolving technological demands. From its origins as a software services provider, HCLTech has broadened its offerings to encompass a comprehensive suite of IT consulting solutions. HCLTech's success story serves as a testament to its entrepreneurial vision and commitment to technological innovation within the Indian IT sector and beyond. The company's substantial employee base and international reach highlight its position as a key player in the global IT market.

HCL Technologies Overview

Image Source : Wikipedia
  • Company type Public
  • Industry Information technology, Consulting, Outsourcing
  • Founded 11 August 1976
  • Founders Shiv Nadar
  • Headquarters Noida, Uttar Pradesh, India
  • Area served Worldwide
  • Key people Roshni Nadar Malhotra, (
  • Services Software
  • Revenue ₹111,408 crore (US$13 billion) (2024)
  • Net income ₹16,565 crore (US$1.9 billion) (2024)
  • Number of employees 227,481 (2024)
  • Parent HCL Group
  • Website www.hcltech.com

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HCL Technologies history

Last Updated : 20/03/25, 06:52 AM
HCLTech: A Trajectory of Technological Innovation Hindustan Computers Limited (HCL), founded in 1976 by Shiv Nadar and seven other engineers, initially focused on hardware, selling teledigital calculators to fund its microcomputer development. By 1978, HCL had developed an indigenous microcomputer, followed by an RDBMS, networking OS, and client-server architecture by 1983. HCL Technologies, initially the R&D arm, emerged as a separate entity in 1991, focusing on software and services. The company's expansion accelerated through the 1990s, providing enterprise IT infrastructure management, including establishing India's first electronic stock exchange for NSE. HCL Technologies went public in 2000, and aggressively expanded its global footprint, establishing presence in US, European and APAC markets. Strategic acquisitions, such as DSL Software in 2004 and Axon Group in 2008, broadened its capabilities. Significant partnerships, including one with IBM in 2017, further strengthened its position. Recent years have witnessed a series of acquisitions, including Actian (2018-2021), select IBM products (2019), Confinale AG (2022), ASAP Group (2023), and assets from Hewlett Packard Enterprise (2024). The company's rebranding to HCLTech in 2022 reflects its evolution into a global technology powerhouse. A major deal with Verizon Business in 2023, and the planned acquisition of Zeenea in 2024 demonstrate HCLTech's continued growth and strategic focus. In 2021, the company surpassed $10 billion in revenue, highlighting its remarkable journey from a group of eight engineers to a multinational technology giant.
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