HCL Technologies
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| Type | Public |
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| Traded as | BSE: 532281 NSE: HCLTECH |
| Industry | IT services, IT consulting |
| Founded | November 12, 1991 |
| Founder(s) | Shiv Nadar,Vineet Nayar |
| Headquarters | Noida, Uttar Pradesh, India |
| Area served | Worldwide |
| Key people | Shiv Nadar (Chairman & CSO) Vineet Nayar (VC & Joint Managing Director) Anant Gupta (President & CEO) |
| Services | IT, business consulting and outsourcing services |
| Revenue |  US$ 4.54 billion (Apr 2013)[1] |
| Employees | 84,403(Apr 2013)[1] |
| Website | www.hcltech.com |
HCL Technologies Limited (HCL) (BSE: 532281, NSE: HCLTECH) is an Indian provider of Information technology (IT) services and consulting company headquartered in Noida, Uttar Pradesh, India. It is primarily engaged in providing a range of outsourcing services, business process outsourcing and infrastructure services. HCL Technologies is the fourth largest IT company in India and is ranked 48 in the global list of IT services providers.[2][3]
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Introduction [edit]
HCL Technologies is one of more than 3,000 technology companies in the Bloomberg database. HCL Technologies is one of the seven companies with a revenue of more than $4.5 billion, a market capitalization of more than $5 billion, and a compounded annual growth rate greater than 25 per cent during the past five years.
History [edit]
HCL Technologies is one of three businesses which are 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. They have decided to vast their features in Information Technology all over the world. Over the 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 affecting product engineering.
Acquisitions and Joint Ventures [edit]
The company acquired Capitalstream, a US BFSI product company for US$40 million in February 2008. Capitalstream's FinanceCenter product is an obligation to HCL's current product addressing the BFSI market - Penstock, the product that HCL has launched in 2007. HCL sold its product Capitalsteam to French applications software provider Linedata for a consideration of $45 million in Feb 2013.[4]
On 15 December 2008, HCLT acquired the UK based AXON Group for US$658 million, which was renamed HCL Axon.
References [edit]
- ^ a b "HCL Technologies Fast Facts". hcltech.com. Retrieved 2013-01-17.
- ^ "HCL Technologies". Forbes.
- ^ "The TOP 5: India-based IT services firms boom - Rediff.com Business". Rediff.com. Retrieved 2012-01-23.
- ^ http://in.reuters.com/article/2013/02/18/it-services-provider-hcl-technologies-lt-idINDEE91H0DS20130218
External links [edit]
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