|This article needs additional citations for verification. (June 2012)|
|Founded||11 August 1976|
|Key people||Shiv Nadar (Founder & Chairman)|
|Revenue||US$ 6.2 billion (2012)|
HCL is a global technology and IT Enterprise that operates in 31 countries. Its headquarters is in Noida, India. The company comprises two publicly listed companies, HCL Technologies and HCL Infosystems.
HCL was focused on addressing the IT hardware market in India for the first two decades of its existence with some activity in the global market.
On termination of the joint venture with HP in 1996, HCL became an enterprise comprising HCL Technologies and HCL Infosystems. HCL Technologies focuses on the global IT services market, whereas HCL Infosystems focuses on the IT hardware market in India and in APAC countries. HCL has since then operated as a holding company.[clarification needed]
History of HCL
In 1976, Shiv Nadar, Arjun Malhotra, Subhash Arora, Badam Kishore Kumar, T.V Bharadwaj and Arun Kumar H jointly started a company named Microcomp Limited. The focus of the company was design and manufacturing of scientific calculators. The venture provided its founders money to start a company that focused on manufacturing computers. The company name "HCL" used to stand for "Hindustan Computer Limited" but now HCL is the only one name that the company goes by. HCL received support from the Government of Uttar Pradesh to set up manufacturing in Noida. On February 1, 2013, Nadar announced that he would step down as chairman of HCL Corporation and his daughter Roshni Nadar would become the next chairman.
HCL’s Employees First philosophy helped fuel a surge in the company’s growth over the past five years, including during the depths of economic downturn. It has attracted the attention of academics (Harvard Business School did a case study on the approach), the media (Fortune magazine has characterized HCL management as “the world’s most modern”) and analysts (a Gartner research report highlighted the customer benefits of “Employees First”).
This innovative management approach is described in a book by Vineet Nayar, Vice Chairman & Joint Managing Director of HCL Technologies, Employees First, Customers Second: Turning Conventional Management Upside Down (Harvard Business Press, 2010). The book tells the story of HCL’s transformational journey, as the company recognized the need for change, created a culture of trust through transparency, turned the organizational pyramid on its head and shifted the responsibility of change from the office of the CEO to employees.
According to environmental organisation Greenpeace, 29% of HCL products are currently free of toxic polyvinyl chloride plastic (PVC) and brominated flame retardants (BFRs). In March 2010, HCL launched its first notebook entirely free of PVC and BFRs.