HCLTech (formerly Hindustan Computers Limited or HCL Technologies) is an Indian multinational

information technology Information technology (IT) is the use of computers to create, process, store, retrieve, and exchange all kinds of data . and information. IT forms part of information and communications technology (ICT). An information technology syste ...

(IT) services and

consulting A consultant (from la, consultare "to deliberate") is a professional (also known as ''expert'', ''specialist'', see variations of meaning below) who provides advice and other purposeful activities in an area of specialization. Consulting servic ...

company headquartered in

Noida Noida, short for New Okhla Industrial Development Authority, is a planned city located in Gautam Buddha Nagar district of the Indian state of Uttar Pradesh. Noida is a satellite city of Delhi and is a part of the National Capital Region (NCR) o ...

.It emerged as an independent company in 1991 when HCL entered into the software services business. The company has offices in 52 countries and over 210,966 employees. HCLTech is on the

Forbes Global 2000 The ''Forbes'' Global 2000 is an annual ranking of the top 2000 public companies in the world, published by ''Forbes'' magazine. "The Global 2000" annual ranking is assembled by ''Forbes'' using a weighted assessment of four metrics: sales, profit ...

list. It is among the top 20 largest publicly traded companies in India with a market capitalisation of (Rs. Cr.) 279,209 as of March 2022.

History

HCL Enterprise

HCL Enterprise was founded in 1976. The first three subsidiaries of parent HCL Enterprise were: * HCLTech – originally HCL's R&D division. It emerged as a subsidiary in 1991 * HCL Infosystems * HCL Healthcare The company originally was focused on hardware but, via HCLTech , software and services is a main focus. Revenues for 2007 were US$4.9 billion. Revenues for 2017 were US$6.5 billion, and HCL employed over 105,000 professionals in 31 countries. Revenues for 2018 were US$9 billion, and HCL employed over 110,000 professionals in 31 countries. A unit named HCL Enterprise Solutions (India) Limited was formed in July 2001. On 1 July 2019, HCLTech acquired a select few products of IBM. HCLTech took the full ownership of research and development, sales, marketing, delivery, and support for

AppScan HCL AppScan, previously known as IBM AppScan, is a family of desktop and web security testing and monitoring tools, formerly a part of the Rational Software division of IBM. In July 2019, the product was acquired by HCL Technologies and is curr ...

, BigFix,

Commerce Commerce is the large-scale organized system of activities, functions, procedures and institutions directly and indirectly related to the exchange (buying and selling) of goods and services among two or more parties within local, regional, natio ...

, Connections, Digital Experience (

Portal Portal often refers to: *Portal (architecture), an opening in a wall of a building, gate or fortification, or the extremities (ends) of a tunnel Portal may also refer to: Arts and entertainment Gaming * ''Portal'' (series), two video games ...

and Content Manager), Notes Domino, and Unica.

Formation and early years

In 1976, a group of six engineers, all former employees of Delhi Cloth & General Mills, led by

Shiv Nadar Shiv Nadar (born 14 July 1945) is an Indian billionaire industrialist and philanthropist. He is the founder and chairman emeritus of HCL Technologies Limited and the Shiv Nadar Foundation. Nadar founded HCL in the mid-1970s and transformed the ...

, started a company that would make personal computers. Initially floated as ''Microcomp Limited'', Nadar and his team (which also included Arjun Malhotra, Ajai Chowdhry, D.S. Puri, Yogesh Vaidya and Subhash Arora) started selling teledigital calculators to gather capital for their main product. On 11 August 1976, the company was renamed Hindustan Computers Limited (HCL). On 12 November 1991, a company called HCL Overseas Limited was incorporated as a provider of technology development services. It received the certificate of commencement of business on 10 February 1992 after which it began its operations. Two years later, in July 1994, the company name was changed to HCL Consulting Limited and eventually to HCL Technologies Limited in October 1999. HCLTech is one of the four companies under HCL Corporation, the second company being HCL Infosystems. In February 2014 HCL launched HCL Healthcare. HCL TalentCare is the fourth and latest venture of HCL Corporation. HCLTech began as the R&D Division of HCL Enterprise, a company which was a contributor to the development and growth of the IT and computer industry in India. HCL Enterprise developed an indigenous microcomputer in 1978, and a networking OS and client-server architecture in 1983. On 12 November 1991, HCLTech was spun off as a separate unit to provide software services. HCLTech was originally incorporated as HCL Overseas Limited. The name was changed to HCL Consulting Limited on 14 July 1994. On 6 October 1999, the company was renamed 'HCL Technologies Limited' for "a better reflection of its activities." Between 1991 and 1999, the company expanded its software development capacities to US, European and APAC markets.

IPO and subsequent expansion

The company went public on 10 November 1999, with an issue of 142 crore (14.2 million) shares, valued at ₹4 each. During 2000, the company set up an offshore development centre in

Chennai Chennai (, ), formerly known as Madras ( the official name until 1996), is the capital city of Tamil Nadu, the southernmost Indian state. The largest city of the state in area and population, Chennai is located on the Coromandel Coast of th ...

, India, for KLA-Tencor Corporation. In 2002, it acquired Gulf Computers Inc. In March 2021, HCLTech expands partnership with Google Cloud to bring HCL Software's Digital Experience (DX) and Unica Marketing cloud-native platforms to Google Cloud.

Acquisitions

Acquired

In July 2018 US-based Actian was acquired by HCLTech and Sumeru Equity Partners for $330 million.

Joint venture

On 23 July 2015, CSC (NYSE: CSC) and HCLTech  (BSE: HCLTECH) announced a joint venture agreement to form a banking software and services company, Celeriti FinTech. In October 2017, IBM struck a "strategic partnership" with HCLTech that had the latter firm take over development of the IBM

Lotus Software Lotus Software (called Lotus Development Corporation before its acquisition by IBM) was an American software company based in Massachusetts; it was "offloaded" to India's HCL Technologies in 2018. Lotus is most commonly known for the Lotus 1- ...

's Notes, Domino, Sametime and Verse collaboration tools.

Partnership

On 9 June 2015 PC maker

Dell Dell is an American based technology company. It develops, sells, repairs, and supports computers and related products and services. Dell is owned by its parent company, Dell Technologies. Dell sells personal computers (PCs), servers, data ...

announced a strategic distribution partnership with HCL Infosystems. In October 2018, TransGrid signed a 5-year managed services deal with HCLTech for IT services delivery and providing outsourcing support, with the outsourcing teams to be based in Australia. HCLTech signs seven-year exclusive partnership with Temenos – The exclusive strategic agreement will be for non-financial services enterprises, where HCL has been granted a license to develop, market, and support Temenos multi-experience development platform (MXDP). This agreement will help provide HCL's non-financial services clients leading technology and the higher levels of services and support.

Operations

HCLTech operate in 52 countries, including its headquarters in

, India. It has establishments in Australia, China, Hong Kong, India, Indonesia, Israel, Japan, Malaysia, New Zealand, Saudi Arabia, Singapore, South Africa, the United Arab Emirates and Qatar. In Europe it covers Belgium, Bulgaria, Czech Republic, Denmark, Estonia and Romania Finland, France, Germany, Italy, Lithuania, Netherlands, Norway, Poland, Sweden, Switzerland, Portugal, and United Kingdom. In the Americas, the company has offices in Brazil, Canada, Mexico, Puerto Rico, Guatemala, and United States. Cary, North Carolina is the base for the American operation and as the Cary Global Delivery Center.

Business lines

# Applications Service and Systems Integrations # BPO/Business Services: This division has "''delivery centres''" in India, Philippines, Latin America, USA, HCL BPO Northern Ireland, and Europe. # Engineering and R&D Services (ERS) # Infrastructure Management Services (IMS) # IoT WoRKS # DRYiCE # Digital & Analytics and e-publishing # Cybersecurity and GRC Services #Financial Risk & Compliance Solutions

Infrastructure Services Division

A subsidiary of HCLTech, HCL Infrastructure Services Division (ISD) is an IT services company. Headquartered in Delhi, NCR, India, HCL ISD was instituted in 1993 with the objective to address the demand for cost-effective management of technology infrastructure across geographically dispersed locations. HCL ISD, also known as HCL Comnet Systems and Services Ltd. in India, diversified ito provide enterprise IT infrastructure globally in 1993 winning the first order to establish India's first floorless stock exchange

United Kingdom and Ireland

On 7 September 2005, HCLTech expanded its operations base in

County Armagh County Armagh (, named after its county town, Armagh) is one of the six counties of Northern Ireland and one of the traditional thirty-two counties of Ireland. Adjoined to the southern shore of Lough Neagh, the county covers an area of an ...

and

Belfast Belfast ( , ; from ga, Béal Feirste , meaning 'mouth of the sand-bank ford') is the capital and largest city of Northern Ireland, standing on the banks of the River Lagan on the east coast. It is the 12th-largest city in the United Kingdom ...

in Northern Ireland. At the 2006 UK Trade and Investment India Business Awards in New Delhi, the then UK Prime Minister

Tony Blair Sir Anthony Charles Lynton Blair (born 6 May 1953) is a British former politician who served as Prime Minister of the United Kingdom from 1997 to 2007 and Leader of the Labour Party from 1994 to 2007. He previously served as Leader of t ...

announced the expansion, which was aimed at creating more IT and BPO jobs in the area. HCL acquired the Armagh-based AnswerCall Direct earlier in 2005. HCL BPO services in Ireland are carried out through its main delivery centres in Armagh and Belfast. In November 2011, after HCL revealed an expansion plan in

County Kilkenny County Kilkenny ( gle, Contae Chill Chainnigh) is a county in Ireland. It is in the province of Leinster and is part of the South-East Region. It is named after the city of Kilkenny. Kilkenny County Council is the local authority for the cou ...

in Ireland, its Business Process Outsourcing (BPO) division in Northern Ireland won a contract for back-office services from the Department of Health. It was aimed at increasing the number of jobs and other employment opportunities in the region.

Sri Lanka

HCL announced on 16 June 2020 that it had commenced operations in Sri Lanka. The company plans to create 2,000 jobs in the country within the first 18 months of operations.

HCL Infosystems

HCL Enterprise's Infosystems subsidiary, as of 2015, was still active. This part of HCL was formed in 1976 to produce calculators.

References

External links

* {{Authority control Indian companies established in 1991 Companies based in Noida International information technology consulting firms Information technology consulting firms of India Multinational companies headquartered in India Software companies of India Indian brands Business process outsourcing companies of India Consulting firms established in 1991 Software companies established in 1991 Outsourcing in India Business process outsourcing companies 1999 initial public offerings Companies based in Uttar Pradesh NIFTY 50 BSE SENSEX 1991 establishments in Uttar Pradesh Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange