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'''HCL Technologies Ltd.''' ({{BSE|532281}}, {{NSE|HCLTECH}}) is a global [[IT Services]] company headquartered in [[Noida]], [[India]] and led by its Vice Chairman and CEO [[Vineet Nayar]]. It is the IT services arm of [[HCL Enterprise|HCL Enterprise]], a US$5 billion global Technology and IT Enterprise. HCL Technologies, along with its subsidiaries, had consolidated revenues of US$3.3 billion, as on 31st March 2011, and employs more than 73,420 people of diverse nationalities. HCL Technologies has global network of offices in 26 countries.
'''HCL Technologies Ltd.''' ({{BSE|532281}}, {{NSE|HCLTECH}}) is a global [[IT Services]] company headquartered in [[Noida]], [[India]] and led by its Vice Chairman and CEO [[Vineet Nayar]]. It is the IT services arm of [[HCL Enterprise|HCL Enterprise]], a US$5 billion global Technology and IT Enterprise. HCL Technologies, along with its subsidiaries, had consolidated revenues of US$3.3 billion, as on 31st March 2011, and employs more than 73,420 people of diverse nationalities. HCL Technologies has global network of offices in 26 countries.
The company is listed on the [[National Stock Exchange of India|National Stock Exchange]] and [[Bombay Stock Exchange]] of India.
The company is listed on the [[National Stock Exchange of India|National Stock Exchange]] and [[Bombay Stock Exchange]] of India.


Revision as of 15:11, 12 May 2011

28°35′19.69″N 77°20′51.22″E / 28.5888028°N 77.3475611°E / 28.5888028; 77.3475611

HCL Technologies Ltd.
Company typePublic
BSE: 532281
NSE: HCLTECH
IndustryIT Services
FoundedNovember 12, 1991
FounderShiv Nadar
HeadquartersNoida, UP, India
Area served
Worldwide
Key people
Shiv Nadar (Chairman & CSO)
Vineet Nayar (VC & CEO)
RevenueIncrease US$ 3.3 billion (2011)
Number of employees
73,420 (2011)
ParentHCL
Websitewww.hcltech.com

HCL Technologies Ltd. (BSE: 532281, NSE: HCLTECH) is a global IT Services company headquartered in Noida, India and led by its Vice Chairman and CEO Vineet Nayar. It is the IT services arm of HCL Enterprise, a US$5 billion global Technology and IT Enterprise.HCL Technologies is fifth largest IT company in India and is ranked 48 in the global list of IT services providers.[1] HCL Technologies, along with its subsidiaries, had consolidated revenues of US$3.3 billion, as on 31st March 2011, and employs more than 73,420 people of diverse nationalities. HCL Technologies has global network of offices in 26 countries. The company is listed on the National Stock Exchange and Bombay Stock Exchange of India.

History

HCL Technologies is one of the two businesses – both of them separately listed in India – falling under the corporate umbrella of [2], with combined annual 2010 revenues of US$ 5.7 billion. HCL Enterprise is founded in 1976 and is one of India's original IT garage start ups.

HCL Technologies is a relatively young company, formed in 1991 when HCL's R&D business was spun off to focus on the growing IT services industry. During last 15 years, HCL has expaned 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 its leadership in product engineering.


Services

HCL's main service offerings are along the following business lines:

  • Engineering and R&D Services (ERS) - ERS is a major focus area for HCL since its inception in 1997. This group offers engineering services and solutions in hardware, embedded, mechanical and software product engineering across industries like Aerospace & Defense, Automotive, Consumer Electronics, Industrial Manufacturing, Medical Devices, Networking & Telecom, Office Automation, Semiconductor, Servers & Storage and Software Products.
  • Enterprise Transformation Services (ETS) - This is in a way is the consulting arm of HCL Technologies with a motto of "Advise to Execute". The portfolio consists of Process Transformation Services, Data Management Services, Integration Services, Architecture Services, Disruptive Technology Services (Including Cloud related services) and IT Strategy, and Change Management services.

* Business Processing Outsourcing (BPO) - This division of HCL Technologies focuses on ‘Transformational BPO’ constituting Full Process and Multiple Process outsourcing. The Unit runs 25 delivery centers across India, UK and USA and offers 24x7 multi-channel, multi-lingual support in eight European and eight APAC languages.

  • Custom Application Services - This is a domain-driven service line of HCL providing development, support & maintenance of customized IT Applications to various industries.
  • IT Infrastructure Management - HCL’s IMS group is the fastest growing business line and has won many accolades for its unique service offerings. The services include 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) - This groups provides package implementation services in SAP, Oracle and Microsoft in areas like in ERP, SCM, CRM, HCM, EPM, BI and Middleware. In 2008, HCL has acquired Axon Group plc, a pure SAP player. The new company is known as HCL-AXON.

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.

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 philosophy 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 Democratice Workplaces by WorldBlu.

Acquisitions and joint ventures

The company acquired Capitalstream, a US BFSI product company for US$40 million in February 2008.[3] Capitalstream's FinanceCenter product is an addition to HCL's current product addressing the BFSI market - Penstock, the product that HCL launched in 2007.[4]

On 15 December 2008, HCLT acquired the UK based AXON Group for US$658 million, which was renamed HCL Axon.

References

  1. ^ http://www.rediff.com/business/slide-show/slide-show-1-tech-indias-it-based-services-providers-boom/20110512.htm
  2. ^ HCL Enterprise
  3. ^ "HCL Technologies Acquires Capital Stream, Inc., a US based industry leader in lending automation solutions" (PDF). HCL Press Release. 2008-02-20. Retrieved 2008-04-04.
  4. ^ "HCL Technologies Announces Penstock Foundation Data Management Product for Capital Markets".
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