History of HCL Technologies

_x000D_ Founded in 1976, HCL Technologies (HCL Tech) is a global technology company that delivers industry-leading capabilities centred around engineering, digital, cloud and AI, powered by a comprehensive portfolio of technology products and services. The company mainly offers a wide range of software services, business process outsourcing and infrastructure services._x000D_ _x000D_ HCL Technologies delivers solutions across various verticals, including government, Retail & CPG, Manufacturing, Public Services, Oil and Gas, Energy and Utilities, Telecom, Media, Publishing and Entertainment, Travel, Transportation and Logistics, Financial Services, Life Sciences and Technology Healthcare Services. The company has more than 2,23,400 employees across 60 countries. They have over 200 Delivery Centers, over 60 Innovation Labs, 10,000 clients using their products and software, and more than 2,000 Patents._x000D_ _x000D_ HCL Technologies launched its IPO in December 1999 and was listed on the stock exchanges on January 11, 2000. The IPO received 27X demand for shares._x000D_ _x000D_ The company has been recognised as a Leader in Everest Group’s Banking Operations Services PEAK Matrix Assessment 2023, Leader in Everest Group’s Unstructured Document Processing Products PEAK Matrix Assessment 2023, Certified as a Global Top Employer and many more._x000D_

Business Segments

_x000D_ HCL Technologies is an expert in the following segments:_x000D_

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• Digital: The company’s comprehensive range of digital solutions, from consulting to implementation, empowers businesses to enhance their resilience, optimise operations, and enable more meaningful client relationships.
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• Engineering: The company’s Engineering and R&D services (ERS) include product engineering, digital engineering and operational solutions. These services empower businesses to enhance time-to-profit, fasten product development, and maximise their returns on innovation.
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• Cloud: The company’s distinctive CloudSMART solutions and services include cloud strategy and consulting, data and AI on the cloud, managed cloud services and application modernisation. These empower organisations to efficiently harness the potential of the cloud, driving innovation and scalability.
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• Software: HCLSoftware division specialises in the development, marketing, and support of software solutions for digital transformation, data management, analytics, AI, automation, and enterprise security.
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_x000D_ There are more than 100 subsidiary companies under HCL Technologies, and some of those include:_x000D_

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• HCL Comnet Systems & Services Limited - This company offers bandwidth services.
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• HCL Technologies (Shanghai) Limited - This company has been offering IT services in Greater China for over 17 years.
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• HCL Training & Staffing Services Private Limited - This company offers hiring and training services across different regions in India.
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Key Personalities of HCL Technologies

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• Shiv Nadar, Founder
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_x000D_ HCL Group was founded by Shiv Nadar. He is also the Chairman Emeritus and Strategic Advisor to the Board of HCL Tech. He started his career as part of the elite DCM management trainee system. HCL was one of the few IT companies in the world founded in the 1970s and continues to exist to date._x000D_

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• C Vijayakumar, Chief Executive Officer and Managing Director
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_x000D_ Vijayakumar joined HCLTech about 30 years ago. He was a part of the core team that designed and executed India’s first-ever fully automated trading network at the National Stock Exchange. Before that, he was the President of HCLTech’s Infrastructure Services Business. Vijayakumar is a Board Member of the U.S.-India Business Council and a member of the World Economic Forum’s IT Governor’s Community._x000D_

Corporate Actions

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• Bonus: HCL Tech declared 2 bonus issues:
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_x000D_ -  In 2019: The record date for the bonus share was December 7, 2019, with a bonus ratio of 1:1._x000D_ _x000D_ -  In 2015: The record date for the bonus share was March 20, 2015, with a bonus ratio of 1:1._x000D_

SWOT Analysis 

_x000D_ Strengths_x000D_

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• HCL Technologies has a high-grade R&D team that mainly focuses on innovation.
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• The company is widespread in 60 countries, and they have a huge client base, which includes big players like Deutsche Bank, Ulta Beauty, Microsoft, etc.
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_x000D_ Weakness_x000D_

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• The company faces huge competition in the market from other prominent players like Infosys and TCS.
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• In 2016, the company lost $1.5 billion in contracts. This is due to the challenges it faced in retaining existing clients.
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_x000D_ Opportunities _x000D_

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• The company can help more businesses in the Asia-Pacific and Europe regions in their digital transformation.
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_x000D_ Threats_x000D_

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• The company can face foreign exchange-related losses.
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• The company can face a threat in the aspect of outsourcing, which depends on the relations between India and the USA.
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