HCL Technologies Limited
Coordinates: 28°35′19.69″N 77°20′51.22″E / 28.5888028°N 77.3475611°E
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| Type | Public |
|---|---|
| Traded as | BSE: 532281 NSE: HCLTECH |
| Industry | IT Services |
| Founded | 12 November 1991 |
| Founder(s) | Shiv Nadar |
| Headquarters | Noida, UP, India |
| Area served | Worldwide |
| Key people | Shiv Nadar (Chairman & CSO) Vineet Nayar (VC & CEO) |
| Revenue |   16,030 crore (US$3.21 billion) (2011) |
| Net income | 1,646 crore (US$329.2 million) (2011) |
| Employees | 83,076 (Q2 2012)[1] |
| Parent | HCL |
| Website | www.hcltech.com |
HCL Technologies Limited (BSE: 532281, NSE: HCLTECH) is a leading global IT services company headquartered in Noida, India. It is primarily engaged in providing a range of software services, business process outsourcing and infrastructure services. HCL Technologies is fourth largest IT company in India and is ranked 48 in the global list of IT services providers.[2] HCL Technologies, along with its subsidiaries, had consolidated revenues of US$3.9 billion, as on 31 Dec 2011 (on LTM basis), and employs more than 83,076 people of diverse nationalities. HCL Technologies has global network of offices in 26 countries.
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[edit] History
HCL Technologies is one of the two businesses – both of them separately listed in India – falling under the corporate umbrella of HCL Enterprise with combined annual 2011 revenues of US$ 6 billion. HCL Enterprise was founded in 1976 and is one of India's original IT garage start ups.[citation needed]
HCL Technologies formed in 1991 when HCL's R&D business was spun off to focus on the growing IT services industry. During last 20 years, HCL has expanded its service portfolio in IT applications (custom applications for industry solutions and package implementation), IT infrastructure management, and business process outsourcing, while maintaining and extending in product engineering.
[edit] Services
HCL provides services across the following business lines -
- Engineering and R&D Services (ERS) - offering services in Hardware, Embedded, Mechanical and Software Product Engineering.
- Enterprise Transformation Services (ETS) - offering services in the areas of Independent Verification and Validation, Process Transformation, Data Management, Integration Services, Architecture Services, Disruptive Technology Services, IT Strategy, and Change Management.
- Business Processing Outsourcing (BPO) - division of HCL Technologies Limited has delivery offices across India, UK and USA.[3]
- Custom Application Services, - includes customized IT Applications development, support & maintenance.
- IT Infrastructure Management - focuses on End User Computing Services, Data Center Services, Cross Functional Services, Enterprise Network Services, Security Services, Integrated Operation Management, and Mainframe & AS400 Services.
- Enterprise Application Services (EAS) - focuses on areas like in ERP, SCM, CRM, HCM, EPM, BI and Middleware. This group is now part of HCL AXON, subsidiary of HCL Technologies, formed after HCL Tech acquired Axon Group plc for £440m cash offer in 2008.[4]
[edit] Industries
HCL serves a broad range of industries including Financial Services, Education, Hi-tech & Manufacturing, Aerospace & Defense, Telecom, Retail & CPG, Life Sciences, Healthcare, Media & Entertainment, Travel, Transportation & Logistics, Automotive, Government, Energy & Utilities.
[edit] Management Philosophy
In 2005, HCL Technologies commenced on an internal management transformation program. Vineet Nayar, President in 2005, introduced a new working model & philosophy 'Employees First’, making employees at the center of the change in the organization. The philosophy recognizes employees as strategic elements of an organization. It democratizes the company's functions and its way of working. Today, this unique management philosophy has been recognized and praised worldwide for empowering employees to become the drivers of growth.
The strategy has been the subject of a Harvard Business School case study and have prompted Fortune magazine to characterize the company under his leadership as having “the world’s most modern management.” HCL has been cited by BusinessWeek as one of five “most influential emerging companies,” and it was named Best Employer in India by the global human resources services company Hewitt Associates.
Recently, HCL ws announced as one of the most Democratic Workplaces by WorldBlu.
[edit] Acquisitions and Joint Ventures
The company acquired Capitalstream, a US BFSI product company for US$40 million in February 2008.[5] Capitalstream's FinanceCenter product is an addition to HCL's current product addressing the BFSI market - Penstock, the product that HCL launched in 2007.[6]
On 15 December 2008, HCLT acquired the UK based AXON Group for US$658 million, which was renamed HCL Axon.
[edit] See Also
[edit] References
- ^ "HCL Tech Oct-Dec net up 43.3 per cent at Rs 572.7 crores". India Times.com. http://economictimes.indiatimes.com/news/news-by-company/earnings/earnings-news/hcl-tech-oct-dec-net-up-43-3-per-cent-at-rs-572-7-crores/articleshow/11521089.cms. Retrieved 2012-01-23.
- ^ "The TOP 5: India-based IT services firms boom - Rediff.com Business". Rediff.com. http://www.rediff.com/business/slide-show/slide-show-1-tech-indias-it-based-services-providers-boom/20110512.htm. Retrieved 2012-01-23.
- ^ HCL BPO Unified Solution Helps Company Leverage Virtualisation Capabilities While Reducing Costs and Improving Contact Centre Manageability. Aspect Software, Inc.. 2010. http://www.aspect.com/Documents/CaseStudies/Aspect-HCL-BPO-CS.pdf. Retrieved 2012-01-23.
- ^ [1][dead link]
- ^ "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". http://www.allbusiness.com/services/business-services/4302109-1.html.
[edit] External links
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