HCL Technologies Limited

Type	Public
Traded as	BSE: 532281 NSE: HCLTECH
Industry	IT Services
Founded	12 November 1991
Founder(s)	Shiv Nadar
Headquarters	Noida, India
Area served	Worldwide
Key people	Shiv Nadar (Chairman & CSO) Vineet Nayar (VC & CEO)
Services	IT and Outsourcing services
Revenue	16,102 crore (US$3.21 billion) (2011)[1]
Employees	82,464 (2012)[1]
Parent	HCL
Website	www.hcltech.com

HCL Technologies Limited (BSE: 532281, NSE: HCLTECH) is a global IT services company headquartered in Noida, India. It is primarily engaged in providing a range of outsourcing services, business process outsourcing and infrastructure services. HCL Technologies is fourth largest IT company in India and is ranked 48 in the global list of IT services providers. It is ranked 1868 in Forbes Global 2000. ^[2]. ^[3]

History[link]

HCL Technologies is one of the two businesses – both of them separately listed in India – falling under the corporate umbrella of HCL Enterprise with combined annual 2011 revenues of US$ 6 billion. HCL Enterprise was founded in 1976 and is one of India's original IT garage start ups.^{[citation needed]}

HCL Technologies formed in 1991 when HCL's R&D business was spun off to focus on the growing IT services industry.They have decided to vast their features in Information Technology all over the world. During last 20 years, HCL has expanded 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 in product engineering.

Services[link]

HCL provides services across the following business lines -

• Engineering and R&D Services (ERS) - offering services in Hardware, Embedded, Mechanical and Software Product Engineering.

• Enterprise Transformation Services (ETS) - offering services in the areas of Independent Verification and Validation, Process Transformation, Data Management, Integration Services, Architecture Services, Disruptive Technology Services, IT Strategy, and Change Management.

• Business Processing Outsourcing (BPO) - division of HCL Technologies Limited has delivery offices across India, UK and USA.^[4]

• Enterprise Application Services (EAS) - focuses on areas like in ERP, SCM, CRM, HCM, EPM, BI and Middleware. This group is now part of HCL AXON, subsidiary of HCL Technologies, formed after HCL Tech acquired Axon Group plc for £440m cash offer in 2008.^[5]

Acquisitions and Joint Ventures[link]

The company acquired Capitalstream, a US BFSI product company for US$40 million in February 2008.^[6] Capitalstream's FinanceCenter product is an addition to HCL's current product addressing the BFSI market - Penstock, the product that HCL launched in 2007.^[7]

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

References[link]

HCL is the fourth largest company in INDIA

External links[link]

• Official website

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