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HCL Technologies
Type Public
(BSE: 532281; NSE: HCLTECH)
Founded 11 August 1976[1]
Headquarters Flag of India Noida, UP, India
Key people Shiv Nadar, Founder, Chairman, Chief Strategy Officer
Vineet Nayar - CEO
Ranjit Narasimhan - COO-President, BPO Division
Industry Information Technology Services
Revenue ▲USD 1. The Bombay Stock Exchange Limited (मुंबई शेयर बाज़ार Mumbaī Śeyar Bājār) (formerly The Stock Exchange Mumbai; popularly called The National Stock Exchange of India Limited or S&P CNX NIFTY ( NSE) is a Mumbai -based Stock exchange. Events 2492 BC - Traditional date of the defeat of Bel by Hayk, progenitor and founder of the Armenian nation Year 1976 ( MCMLXXVI) was a Leap year starting on Thursday (link will display full calendar of the Gregorian calendar. Uttar Pradesh (उत्तर प्रदेश اتر پردیش pronounced, Translation: Northern Province) referred to as '''U India, officially the Republic of India (भारत गणराज्य inc-Latn Bhārat Gaṇarājya; see also other Indian languages) is a country Shiv Nadar is an Indian Entrepreneur, IT executive, Educationalist, bridge player one of India's richest people and the Chairman Vineet Nayar is an Indian Businessperson, IT executive, the CEO and Wholetime Member of the Board of Directors of HCL Technologies For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" In business revenue or revenues is Income that a company receives from its normal business activities usually from the sale of goods and services 6 Billion
Employees ~55,000 (2008)
Website HCL Tech Website

HCL Technologies is India’s 5th largest[2] leading global IT Services companies, providing software-led IT solutions, remote infrastructure management services and BPO. Employment is a Contract between two parties, one being the employer and the other being the employee. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages Having made a foray into the global IT landscape in 1999 after its IPO, HCL Technologies focuses on Transformational Outsourcing, working with clients in areas that impact and re-define the core of their business. The company leverages an extensive global offshore infrastructure and its global network of offices in 17 countries to deliver solutions across select verticals including Financial Services, Retail & Consumer, Life Sciences (Clinical Research services in CDM and Biostatistics) & Healthcare, Aerospace, Automotive, Semiconductors, Telecom and ME (Media & Entertainment). For the fiscal year ending June 30, 2007, HCL Technologies, along with its subsidiaries recorded revenues of US $ 1. 7 Billion and employed 52,000 professionals [3] .

Contents

Services

HCL Infrastructure Services Division (also known as HCL Comnet), specializes in remote IT infrastructure management services. HCL BPO Services provides a comprehensive range of Voice/Web base Contact and Front Office Services that span Collections, Sales & Marketing, Technical Help Desk and Customer Care. It represents HCL Technologies’ most significant strategic business extension and investment to date. HCL BPO Services currently operates out of various locations in India, Malaysia and Northern Ireland. India, officially the Republic of India (भारत गणराज्य inc-Latn Bhārat Gaṇarājya; see also other Indian languages) is a country For the biogeographical region see Malesia Malaysia (məˈleɪʒə or /məˈleɪziə/ is a country that consists of thirteen states and Northern Ireland (Tuaisceart Éireann Ulster Scots: Norlin Airlann) is a Country within the United Kingdom, lying in the northeast of

HCL has its offices across the world with the major development centers in Chennai, Noida and Bangalore.

HCL Acquisitions and JVs

HCL Technologies has always encouraged use of inorganic growth strategies, a trait passed onto it from the parent company - HCL. Shortly after the setting up of HCL Technologies to address the engineering services and outsourced R&D market, HCL created a JV with James Martin in April 1996 to address the Y2K opportunity with HCL holding 60% of the equity. [4] HCL Technologies in March 1999 bought the remaining 40% stake because of the change in James Martin's policy on not using it's brand name in any joint venture. [5] HCL renamed the Intellicent. [6]

In Septermber 2001, HCL Technologies acquired 51% stake in Deutsche Bank's India software operation - Deutsche Software Limited (DSL) in an unspecified all-cash transaction. Deutsche Bank AG (literally "German Bank" ˈdɔɪtʃə,) is an international Universal bank with a broad private clients franchise headquartered in The deal included the 450 employees in the Bangalore operation and HCL had provision to acquire the remaining 49% over the next three years. Bangalore ( officially Bengaluru ( Kannada: ಬೆಂಗಳೂರು) is the capital of the Indian state of Karnataka. [7] Towards the end of the year, HCL consolidated it's entry into BPO services by acquiring 90% of Apollo Contact Center from British Telecom for US$0. BT Group plc (formerly British Telecommunications plc) which trades as BT (ˌbiːˈtiː bee tee) (previously known as British Telecom and still 5 million. The remaining 10% of the company was acquired for US$1. 8 million in 2004. The acquistion provided HCL with 350 employees in Belfast, Ireland in 2001 and the team grew to 1,600 by 2004. [8]

Gulf Computers, a US-based UT services company focusing on ADM services was acquired in June 2002 for US$9. 75 inital cash payment and earn-outs for three more years. [9]

HCL Technologies acquired Capitalstream, a US BFSI product company for US$40 million in February 2008. B anking F inancial S ervices and I nsurance (also known as BFSI) is an industry name [10] Capitalstream's FinanceCenter product is an addition to HCL's current product addressing the BFSI market - Penstock, the product that HCL launched in 2007. [11]

Rewards & recognition

In 2006, HCL Technologies was ranked #1 among the "Best Performing IT Services Firms" in India while the company's Infrastructure Services Division was awarded the #2 rank worldwide. These rankings were awarded on the basis of a survey - Global Services 100 - conducted by Global Services magazine in association with NeoIT, an outsourcing advisory firm. (Source: http://www.globalservicesmedia.com/Content/general200705211097.asp )

In 2007, HCL Technologies was ranked by The Black Book of Outsourcing as the #1 Infrastructure Management Services Outsourcing vendor in the world, ahead of vendors such as IBM, Accenture and EDS. HCL was also mentioned as the only India based vendor in the Top 10 in these rankings.

HCL's innovative HR practices, including its famous "Employee First" policy, have been the subject of case studies by the Harvard Business School (August 2007) and the London Business School (Spring 2007). In its issue dated November 19, 2007, Business Week recently featured HCL in an article titled "The Employee is Always Right", which talks about HCL's "Employee First" policy. (Source: http://www.businessweek.com/magazine/content/07_47/b4059064.htm?campaign_id=rss_null )

Deal announcements

HCL Technologies has announced many deals in the last few years with global majors for IT services.

Customer Date Size Deal details
Fonterra 2008-00-00 Fonterra New Zealand LTD[12]
Zep Inc 2008-04-01 Greenfield SAP ERP Financials Implementation[13]
North Dakota state 2008-01-29 Claims administration technology implementation using Valley oak iVOS claims administration software[14]
Wiltshire Police 2008-01-23 $4 million Mobile and remote working solution provider for five and half years[15]
Merck 2007-12-18 Strategic support to Merck's key IT initiatives[16]
SolFocus 2007-10-31 Completion of Oracle 12i implementation[17]
Celestica 2007-09-17 SAP deployment and support[18]
Konica Minolta 2007-07-11 Offshore Development Center (ODC) to provide software services for KM's Multi Function Peripherals (MFPs), printers and medical equipment business lines[19]
Rockwell Collins 2007-06-09 300 Engineer team Software, hardware and mechanical engineering for full product lifecycle development[20]
Alenia Aeronautica 2007-06-18 $15 million Engineering services that will support the improvement of the C-27J Spartan production line[21]
Smiths Aerospace 2007-02-27 60 engineer team Engineering services[22]
Microsoft 2007-02-09 Migration and project services[23]
Crane Aerospace 2007-02-08 100 engineer team Software, hardware and mechanical engineering for full product lifecycle development[24]
Skandia 2006-12-20 $200 million Application optimization, including development, maintenance and support (across all platforms) and remote infrastructure

management[25]
Teradyne 2006-07-13 $70 million IT Consulting, Application Development and end-to-end Application and IT Infrastructure Management involving datacenter, network, security and help desk services[26]
MSC Software Corporation 2006-03-24 One-Oracle” global rollout Oracle 11i applications project[27]
DSG International 2006-01-26 Co-sourcing deal to provide system development, application delivery, infrastructure support and maintenance services[28]
Autodesk 2005-11-10 Application and data center services for business-critical IT

applications, including SAP, Siebel, Informatica[29]
Hamilton Sundstrand 2005-08-24 Product engineering services[30]
Boeing 2005-02-08 Software development partner for the 787 Dreamliner program[31]
AA Insurance Services 2004-12-09 BPO services[32]
AMD 2004-07-23 IT infrastructure management, maintenance and support of global IT applications[33]
Airbus 2004-06-16 Embedded software for the System Data Acquisition Computer of the Airbus A340 Flight Warning System[34]

SMT program

SMT Program is a management program in HCL Technologies that provides a fast track program with the philosophy of ‘Catching them young and setting their minds on fire’. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Events 527 - Byzantine Emperor Justin I names his nephew Justinian I as co-ruler and successor to the throne North Dakota ( is a state located in the Midwestern and Western regions of the United States of America. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Events 904 - Sergius III comes out of retirement to take over the papacy from the deposed Antipope Christopher. Etymology The county formerly 'Wiltonshire' or 'Wiltunscir' (9th century is named after the former county town of Wilton (itself named after the River Wylye 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Events 393 - Roman Emperor Theodosius I proclaims his nine year old son Honorius co-emperor Merck & Co Inc ( also known as Merck Sharp & Dohme or MSD outside the USA and Canada, is one of the largest Pharmaceutical companies Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 218 BC - Second Punic War: Battle of the Trebia - Hannibal 's Carthaginian forces defeat those of the Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 445 BC – Ezra reads the Book of the Law to the Israelites in Jerusalem (see Nehemiah 91 NLTse Celestica Inc () is a multinational Electronics manufacturing services (EMS company headquartered in Toronto, Canada. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 1176 - The Battle of Myriokephalon is fought 1462 - The Battle of Świecino (or Battle of Żarnowiec is a Japanese manufacturer of office equipment Medical imaging, Graphic imaging, Optical devices and Measuring instruments The company Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 911 - Signing of the Treaty of Saint-Clair-sur-Epte between Charles the Simple and Rollo of Normandy. Rockwell Collins Inc ( is a large United States -based international company headquartered in Cedar Rapids Iowa primarily providing Aviation and Information Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 53 - Roman Emperor Nero marries Claudia Octavia 62 - Claudia Octavia commits Alenia Aeronautica is an Aerospace engineering corporation in Italy, a subsidiary of Finmeccanica. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 618 - Coronation of the Chinese governor Li Yuan as Emperor Gaozu of Tang, the new Emperor of China, initiating three centuries GE Aviation Systems (formerly Smiths Aerospace) is the largest European based aerospace equipment company with its businesses and sales revenues split between Europe and North Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 1560 - The Treaty of Berwick, which would expel the French from Scotland, is signed by England and the Congregation Microsoft Corporation is an American multinational Computer technology Corporation, which rose to dominate the Home computer Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 474 - Zeno crowned as co-emperor of the Byzantine Empire. The Crane Company ( is an American industrial products company based in Stamford Connecticut. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 421 - Constantius III becomes co- Emperor of the Western Roman Empire. Skandia is a Swedish Insurance company that was started in 1855. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Events 69 - Vespasian, formerly a general under Nero, enters Rome to claim the title of Emperor. Teradyne, a US company is a supplier of Automatic test equipment (ATE Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Events 1174 - William I of Scotland, a key rebel in the Revolt of 1173-1174, is captured at Alnwick by forces loyal to Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Events 1401 - Mongol emperor Timur sacks Damascus. 1603 - James VI of Scotland Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Events 1340 - King Edward III of England is declared King of France. Autodesk Inc ( is an American Multinational corporation that focuses on 2D and 3D design Software for use in architecture engineering Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. Events 1444 - Battle of Varna: The crusading forces of King Vladislaus III of Varna (aka Ulaszlo I of Hungary and Wladyslaw Hamilton Sundstrand, is a global corporation that manufactuers and supports Aerospace and industrial products for worldwide markets Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. Events 49 BC - Julius Caesar 's General Gaius Scribonius Curio is defeated in the Second Battle of the Bagradas River The Boeing Company is a major Aerospace and defense corporation originally founded by William E Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. Events 421 - Constantius III becomes co- Emperor of the Western Roman Empire. WikipediaWikiProject Aircraft. Please see WikipediaWikiProject Aircraft/page content for recommended layout "MMIV" redirects here For the Modest Mouse album see " Baron von Bullshit Rides Again " Events 536 - Byzantine General Belisarius enters Rome while the Ostrogothic garrison peacefully leaves the city "MMIV" redirects here For the Modest Mouse album see " Baron von Bullshit Rides Again " Events 1632 - Three hundred colonists bound for New France depart from Dieppe France. Airbus SAS (ˈɛərbʌs in English, Airbus2ogg|/ɛʁbys/]] in French, and /ˈɛːɐbʊs/ in German) is an aircraft manufacturing "MMIV" redirects here For the Modest Mouse album see " Baron von Bullshit Rides Again " Events 1487 - Battle of Stoke Field, the last dying breath of the Wars of the Roses. The program was formally initiated by ex-HCL HR and BPO Head, Sujith Bakshi in 1985 based on success achieved with IIM graduates by HCL in 1970s. Hindustan Computers Limited, also known as HCL Enterprise, is one of India 's largest Electronics, Computing and Information technology The managers from the SMT batches have been credited with various successes over the years including setting up of NIIT, various JVs and transnational divisions (Singapore - 1981). NIIT Group comprises NIIT Ltd the leading talent development corporation and NIIT Technologies a global IT solutions major [35] The current CEO of HCL Technologies (software division) - Vineet Nayar is an SMT from the Batch of 1985. Vineet Nayar is an Indian Businessperson, IT executive, the CEO and Wholetime Member of the Board of Directors of HCL Technologies

References

  1. ^ HCL Technologies was split-off from HCL, the parent company in late 1990s
  2. ^ How Indian companies can adapt to a rising rupee International Herald Tribune, September 3, 2007
  3. ^ IR-Quarter 4.cdr
  4. ^ James Martin & Co., HCL Form New Joint Venture To Provide Premier Systems Redevelopment, Year 2000 Solutions. The International Herald Tribune is a widely read English language international Newspaper Business Wire (1996-04-03). Year 1996 ( MCMXCVI) was a Leap year starting on Monday (link will display full 1996 Gregorian calendar) Events 1043 - Edward the Confessor is crowned King of England. Retrieved on 2008-04-04. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Events 1581 - Francis Drake completes a circumnavigation of the world and is knighted by Elizabeth I.
  5. ^ HCL to Buy Out James Martin Stake in Joint Venture. Computergram International (1999-03-08). Year 1999 ( MCMXCIX) was a Common year starting on Friday (link will display full 1999 Gregorian calendar) Events 1618 - Johannes Kepler discovers the third law of planetary motion. Retrieved on 2008-04-04. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Events 1581 - Francis Drake completes a circumnavigation of the world and is knighted by Elizabeth I.
  6. ^ HCL listing in New York only after domestic IPO (1999-09-22). Year 1999 ( MCMXCIX) was a Common year starting on Friday (link will display full 1999 Gregorian calendar) Events 66 - Emperor Nero creates the Legion I Italica. 1236 - The Lithuanians Retrieved on 2008-04-04. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Events 1581 - Francis Drake completes a circumnavigation of the world and is knighted by Elizabeth I.
  7. ^ HCL Tech acquires 51 % in Deutsche Software. CIOL (2001-09-26). Year 2001 ( MMI) was a Common year starting on Monday according to the Gregorian calendar. Events 46 BC - Julius Caesar dedicates a Retrieved on 2008-04-04. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Events 1581 - Francis Drake completes a circumnavigation of the world and is knighted by Elizabeth I.
  8. ^ HCL Tech acquires Apollo contact center. CIOL (2004-12-24). "MMIV" redirects here For the Modest Mouse album see " Baron von Bullshit Rides Again " Events 563 - The Byzantine church Hagia Sophia in Constantinople is dedicated for the second time after being destroyed by Earthquakes Retrieved on 2008-04-04. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Events 1581 - Francis Drake completes a circumnavigation of the world and is knighted by Elizabeth I.
  9. ^ HCL Tech buys Gulf Computers. The Hindu (2002-06-02). The Hindu is a single-edition English-language Indian newspaper See also 2002 (disambiguation Year 2002 ( MMII) was a Common year starting on Tuesday of the Gregorian calendar. Events 455 - The Vandals enter Rome, and plunder the city for two weeks Retrieved on 2008-04-04. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Events 1581 - Francis Drake completes a circumnavigation of the world and is knighted by Elizabeth I.
  10. ^ [http://www.hcltech.com/pdf/press-releases/2008/HCLT-acquires-capital-stream.pdf HCL Technologies Acquires Capital Stream, Inc. , a US based industry leader in lending automation solutions]. HCL Press Release (2008-02-20). 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Events 1472 - Orkney and Shetland are left by Norway to Scotland, due to a Dowry payment Retrieved on 2008-04-04. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Events 1581 - Francis Drake completes a circumnavigation of the world and is knighted by Elizabeth I.
  11. ^ HCL Technologies Announces Penstock Foundation Data Management Product for Capital Markets Businesses. HCL Press Release (2007-03-13). Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 1138 - Cardinal Gregorio Conti is elected Antipope as Victor IV, succeeding Anacletus II. Retrieved on 2008-04-04. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Events 1581 - Francis Drake completes a circumnavigation of the world and is knighted by Elizabeth I.
  12. ^ HCL Press release
  13. ^ HCL Press release
  14. ^ HCL Press release
  15. ^ HCL Press release
  16. ^ HCL Press release
  17. ^ HCL Press release
  18. ^ HCL Press release
  19. ^ HCL Press release
  20. ^ HCL Press release:Rockwell Collins Expands Relationship with HCL Technologies
  21. ^ HCL Press release:Alenia Aeronautica partners with HCL for engineering activity on C-27J program
  22. ^ HCL Press release:Smiths Aerospace partners with HCL to open development center in India
  23. ^ [http://www.hcltech.com/pdf/HCL%20announces%20inauguration%20of%20Microsoft%20Vendor%20Offshore.pdf HCL Press release:HCL announces the inauguration of a dedicated Vendor Offshore Facility for Microsoft]
  24. ^ HCL Press release:HCL and Crane Aerospace enter into strategic partnership for Engineering services
  25. ^ HCL Press release:HCL selected by Skandia UK for $200m deal
  26. ^ HCL Press release:HCL Wins Multi-Service Outsourcing Deal From Teradyne
  27. ^ HCL Press release:HCL Awarded Contract by MSC Software Corporation to participate in Global Rollout of Oracle 11i Applications
  28. ^ HCL Press release:HCL enters into strategic IT partnership with DSG international
  29. ^ [http://www.hcltech.com/pdf/HCL-Autodesk.pdf HCL Press release:HCL and Autodesk ink first-of-a-kind deal for Offshore Infrastructure Management]
  30. ^ HCL Press release:HCL sets up dedicated center for Hamilton Sundstrand
  31. ^ HCL Press release:HCL signs Software Development Agreement with Boeing for the 787 Dreamliner program
  32. ^ HCL Press release:HCL Technologies to work with UK Insurance Broking Giant
  33. ^ HCL Press release:HCL Technologies, AMD sign IT Co-Sourcing Deal
  34. ^ HCL Press release:AIRBUS and HCL Technologies ink embedded software development deal
  35. ^ Faster, Stronger, Hire. The Economic Times (2001-10-30). The Economic Times, launched in 1961 is India's largest financial daily and the world's second largest financial daily after The Wall Street Journal, Year 2001 ( MMI) was a Common year starting on Monday according to the Gregorian calendar. Events 637 - Antioch surrenders to the Muslim forces under Rashidun Caliphate after the Battle of Iron bridge. Retrieved on 2007-07-10. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 48 BC - Battle of Dyrrhachium, Julius Caesar barely avoids a catastrophic defeat to Pompey in Macedonia.

External links

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