HCL Technologies Limited is a global IT services company, headquartered in Noida, Uttar Pradesh, India. Originally the research and development division of HCL Limited, it emerged as an independent company in 1991 when HCL Limited ventured into the software services business.[8] HCL Technologies (often called Hindustan Computers Limited) offers services including IT consulting, enterprise transformation, remote infrastructure management, engineering and R&D, and business process outsourcing (BPO).[9]
The company has offices in 31 countries, and operates across a number of industry verticals including aerospace and defense, automotive, consumer electronics, energy and utilities, financial services, government, independent software vendors, industrial manufacturing, life sciences and healthcare, media and entertainment, mining and natural resources, oil and gas, public services, retail and consumer, semiconductor, server and storage, telecom, and travel, transportation, logistics and hospitality.[10][11]
HCL Technologies is on the Forbes Global 2000 list and is one of Asia’s Fab 50 Companies.[12][13] It is among the top 20 largest publically traded companies in India and had a market capitalization of $22.1 billion as of May 2015.[14] HCL Technologies, along with its subsidiaries, had consolidated revenues of $6.0 billion as of August 2015.[5]
Contents
1 History
1.1 Formation and early years
1.2 IPO and subsequent expansion
1.3 Acquisitions
2 Operations
2.1 Business lines
2.2 Partnerships and alliances
3 Corporate social responsibility
3.1 Community initiatives
3.1.1 Power of One
3.2 Environment initiatives
3.2.1 Go Green
4 Awards
4.1 Awards
4.2 Recognition
5 See also
6 References
7 External links
History[edit]
Formation and early years[edit]
HCL Technologies is one of the four companies under HCL Corporation, the second company being HCL Infosystems. In February, 2014 HCL forayed into healthcare with the launch of a new venture, HCL Healthcare.[15] HCL TalentCare is the fourth and newest venture of HCL Corporation.[16]
HCL Technologies began as the R&D Division of HCL Enterprise,[17] a company which was a major contributor in the development and growth of the IT and computer industry in India. HCL Enterprise delivered several firsts – an indigenous microcomputer in 1978,[18] a Relational Database Management System (RDBMS), a networking OS and a client-server architecture in 1983,[19] and a fine-grained multiprocessor UNIX installation in 1989. On 12 November 1991, HCL Technologies was spun off as a separate unit to mark the company’s arrival in the software services arena.
HCL Technologies was originally incorporated as HCL Overseas Limited.[20] The name was changed to HCL Consulting Limited on 14 July 1994.[21] On 6 October 1999, the company was renamed as ‘HCL Technologies Limited’ for a better reflection of its activities.[20]
The period between 1991 and 1999 saw the company expand its software development capacities, building one of the largest set-ups in India. It was also around this time that the company spread its operations to the US, European and APAC markets.[20]
IPO and subsequent expansion[edit]
Following the rebranding as ‘HCL Technologies Limited’, the company went public on 10 November 1999, with an issue of 14.2 million shares, valued at ₹4 each.[22] During 2000, the company set up a dedicated offshore development center in Chennai, India, for KLA-Tencor Corporation.[22] In 2002, it acquired Gulf Computers Inc., USA, as a part of its expansion drive.[22]
