View source for HCLTech

{{Short description|Indian multinational technology company}}
{{Use Indian English|date=August 2017}}
{{Use dmy dates|date=September 2020}}
{{Infobox company
| name = HCL Technologies Limited
| logo = HCLTech-new-logo.svg
| image = HCL Tech Noida SEZ Campus.png
| image_caption = Headquarters in [[Noida]]
| former_name = Hindustan Computers Limited<ref>{{cite news |title=The dark horse of the technology sector |url=http://www.moneycontrol.com/india/news/management/shivnadarhcl/thedarkhorsetechnologysector/market/stocks/article/279967 |access-date=30 May 2024 |work=Moneycontrol |archive-url=https://web.archive.org/web/20081227053400/http://www.moneycontrol.com/india/news/management/shivnadarhcl/thedarkhorsetechnologysector/market/stocks/article/279967 |archive-date=27 December 2008}}</ref>
| type = [[Public company|Public]]
| traded_as = {{Unbulleted list|{{BSE|532281}}|{{NSE|HCLTECH}}|[[BSE SENSEX]] constituent|[[NIFTY 50|NSE NIFTY 50]] constituent}}
| ISIN = {{ISIN|sl=n|pl=y|INE860A01027}}
| industry = [[Information technology]]<br>[[Consulting]]<br>[[Outsourcing]]
| foundation = {{Start date and age|df=yes|1976|08|11}}<ref name="HCL CIOL">{{cite web |url=http://www.ciol.com/shiv-nadar-tells-hcls-success-story/ |title=Company History – HCL Technologies Ltd. |publisher=CIOL |access-date=23 May 2021 |url-status=live |archive-url=https://web.archive.org/web/20160805085452/http://www.ciol.com/shiv-nadar-tells-hcls-success-story/ |archive-date=5 August 2016 }}</ref>
| founder = [[Shiv Nadar]]
| location_city = [[Noida]], [[Uttar Pradesh]]
| location_country = India
| area_served = Worldwide
| key_people = [[Roshni Nadar Malhotra]]<br>({{small|[[Chairperson]]}})<br>[[Shiv Nadar]]<br>({{small|Chairman Emeritus}})<ref name=FastFacts.2014>{{cite web|url=https://www.hcltech.com/investors/fast-facts|title=Fast Facts |publisher=HCL Technologies |date=1 February 2014 |access-date=1 February 2014 |url-status=live|archive-url=https://web.archive.org/web/20140214142103/https://www.hcltech.com/investors/fast-facts|archive-date=14 February 2014 }}</ref><br>[[C Vijayakumar]]<br>({{small|[[CEO]] & [[Managing Director]])<ref name="vijay">{{cite news|title=HCL Tech CEO Anant Gupta quits, C Vijayakumar to succeed – The Economic Times|url=http://economictimes.indiatimes.com/news/company/corporate-trends/hcl-tech-ceo-anant-gupta-quits-c-vijayakumar-to-succeed/articleshow/54969299.cms|newspaper=The Economic Times|date=21 October 2016|url-status=live|archive-url=https://web.archive.org/web/20161023010322/http://economictimes.indiatimes.com/news/company/corporate-trends/hcl-tech-ceo-anant-gupta-quits-c-vijayakumar-to-succeed/articleshow/54969299.cms|archive-date=23 October 2016}}</ref>}}
| services = [[Software]]
| revenue = {{Increase}} {{INRConvert|119540|c}}
| revenue_year = 2025
| operating_income = {{Increase}} {{INRConvert|23261|c}}
| income_year = 2025
| net_income = {{Increase}} {{INRConvert|18104|c}}
| net_income_year = 2025
| assets = {{Increase}} {{INRConvert|105544|c}}
| assets_year = 2025
| equity = {{Increase}} {{INRConvert|69673|c}}
| equity_year = 2025
| num_employees = 227,481 (2024)
| owner = Shiv Nadar (60.77%)
| products = {{hlist| [[HCL Domino|HCL Notes/Domino]]| [[Security AppScan|HCL AppScan]] | [[HCL Connections]]| [[HCL Commerce]]| [[Actian]] |[[IBM BigFix|HCL BigFix]]| [[Starschema]]| [[WebSphere Portal]]| [[Ingres (database)|Ingres]]|[[Unica Corporation|HCL Unica]]| [[HCL Sametime]]| [[IBM Lotus iNotes|HCL iNotes]]}}
| parent = HCL Group
| homepage = {{URL|https://www.hcltech.com/}}
| footnotes = Financials {{as of|2025|03|31|lc=y}}.<ref name="pl3">{{Cite web|title=Audited Financial Results for the quarter and year ended March 31, 2025 Q4|url=https://nsearchives.nseindia.com/corporate/HCLTECH_22042025174919_Resultsx_1.pdf|access-date=26 April 2024|website=NSE|language=en}}</ref>
}}

'''HCL Technologies Limited''' ([[d/b/a]] '''HCLTech''') is an Indian [[Multinational corporation|multinational]] [[information technology]] (IT) [[consulting]] company headquartered in [[Noida]]. Founded by [[Shiv Nadar]], it was spun out in 1991 when HCL entered into the software services business. The company has offices in 60 countries<ref>{{Cite web |title=Key Facts and Data |url=https://www.hcltech.com/investor-relations/key-facts-and-data |access-date=2024-12-06 |website=hcltech.com}}</ref> and over 220,000 employees.<ref name="ar24"/> It is the third-largest India-headquartered IT services company by revenue and market capitalization as of 2024.<ref>{{Cite news |last=Suresh |first=Haripriya |date=14 October 2024 |title=India's HCLTech raises lower end of FY25 revenue growth forecast |url=https://www.reuters.com/technology/indias-hcltech-beats-second-quarter-revenue-estimates-2024-10-14/ |access-date=5 April 2025 |work=[[Reuters]]}}</ref><ref>{{Cite web |date=2024-09-18 |title=Top 10 largest IT companies in India by market cap, as of 2024 |url=https://indianexpress.com/article/trending/top-10-listing/top-10-largest-it-companies-in-india-by-market-cap-as-of-2024-9485908/ |access-date=2025-04-05 |website=The Indian Express |language=en}}</ref>

== History==

=== Formation and early years ===
In 1976, a group of eight engineers, all former employees of [[Delhi Cloth & General Mills]], led by [[Shiv Nadar]], started a company that would make personal computers.<ref>{{cite book
  |quote=A classic startup founded in1976 in an Indian garage by Shiv Nadar, HCL Enterprise flourished in the 1980s – "a golden period" for the company.
  |title=Be a Great Boss: The Hill Collection
  |url=https://books.google.com/books?isbn=1625277822  |isbn=978-1625277824
  |author1=Linda A. Hill  |author2=Kent Lineback  |year=2014|publisher=Harvard Business Review Press
 }}</ref><ref name="den">{{cite web
|quote=Founded in 1976 as one of India's original IT garage startups ...
|title=HCL |date=31 August 2015 |url=https://www.denodo.com/en/partner/hcl}}</ref> Initially floated as ''Microcomp Limited'', Nadar and his team (which also included Arjun Malhotra, [[Ajai Chowdhry]], D.S. Puri, Yogesh Vaidya and Subhash Arora) started selling teledigital calculators to gather capital for their main product. On 11 August 1976, the company was renamed  Hindustan Computers Limited (HCL).<ref>{{cite web|url=http://www.rediff.com/money/2007/jun/09bspec1.htm|title=The amazing story of the birth of HCL|url-status=live|archive-url=https://web.archive.org/web/20080327031922/http://www.rediff.com/money/2007/jun/09bspec1.htm|archive-date=27 March 2008}}</ref> HCL Enterprise developed an indigenous [[microcomputer]] in 1978,<ref>{{cite web|title=About HCL Enterprise|url=http://www.hcltech.com/about-us/about-hcl-enterprise|website=HCL Technologies
  |access-date=28 August 2015 |url-status=live
  |archive-url=https://web.archive.org/web/20150821161508/http://www.hcltech.com/about-us/about-hcl-enterprise
  |archive-date=21 August 2015}}</ref> and an [[RDBMS]], [[Network operating system|networking OS]] and [[client-server architecture]] in 1983.<ref name="heritage"/> HCL Technologies began as the R&D division of HCL Enterprise.<ref name="heritage">{{cite web
  |title=Heritage & Legacy|url=http://www.hcl.com/heritage-list  |website=HCL |access-date=28 August 2015
  |url-status=dead |archive-url=https://web.archive.org/web/20150820074935/http://www.hcl.com/heritage-list
  |archive-date=20 August 2015}}</ref>

The company originally was focused on hardware but, via HCL Technologies, software and services became the main focus.<ref>{{cite book |author1=Linda A. Hill |url=https://books.google.com/books?isbn=1422187594 |title=Collective Genius: The Art and Practice of Leading Innovation |author2=Greg Brandeau |author3=Emily Truelove |year=2014 | publisher=Harvard Business Review Press |isbn=978-1422187593 |quote=In spite of these changes, HCL Enterprise entered the 1990s determined to retain its focus on hardware.}}</ref><ref name="AcquiredGone">{{cite web |author=Simon Sharwood |date=30 October 2017 |title=IBM offloads Notes and Domino to India's HCL Technologies |url=https://www.theregister.co.uk/2017/10/30/ibm_hcl_notes_domino_partnership |website=The Register}}</ref> On 12 November 1991, HCL Technologies was spun off as a separate unit,<ref name="Orig.HCLtec">{{cite web
  |website=microsoft.com
  |quote=HCL Technologies Limited is an Indian multinational IT services company, headquartered in Noida, Uttar Pradesh, India. ...  subsidiary of HCL Enterprise. Originally a research and development division of HCL, .. independent .. 1991 .
  |url=https://powerbi.microsoft.com/en-us/partners/hcl
  |title=HCL Technologies}}</ref> being incorporated as HCL Overseas Limited, a provider of software and technology development services.<ref name="ReferenceA"/>

In 1993, HCL also started providing [[Enterprise IT management|enterprise IT infrastructure management]] services, winning an order to establish India's first floorless, electronic stock exchange for [[National Stock Exchange of India|NSE]].<ref name="ReferenceA"/><ref>{{Cite web|date=2010-07-26|title=Dataquest : Focus : Infrastructure Management : Opportunity during Tough Times|url=http://dqindia.ciol.com/content/industrymarket/focus/2009/109030601.asp|archive-url=https://web.archive.org/web/20100726134341/http://dqindia.ciol.com/content/industrymarket/focus/2009/109030601.asp|url-status=dead|archive-date=2010-07-26|access-date=2021-12-16}}</ref>

In July 1994, the company name was changed to HCL Consulting Limited.<ref name="ReferenceA"/> On 6 October 1999, the company was renamed 'HCL Technologies Limited' for "a better reflection of its activities."<ref name="ReferenceA"/>

Between 1991 and 1999, the company expanded its software development capacities to US, European and APAC markets.<ref name="ReferenceA"/>

=== IPO and subsequent expansion ===
[[File:HCL Technologies Manchester United partnership.jpg|thumb|HCL became [[Manchester United]]'s digital technology partner in 2015.]]
HCL [[went public]] on 11 January 2000,<ref>{{Cite news |date=2025-01-18 |title=25 years of HCLTech IPO: IT major gave over 1300% return since market debut |url=https://timesofindia.indiatimes.com/business/india-business/25-years-of-hcltech-ipo-it-major-gave-over-1300-return-since-market-debut/articleshow/117359753.cms |access-date=2025-03-20 |work=The Times of India |issn=0971-8257}}</ref><ref>{{Cite web |date=2025-01-20 |title=HCLTech celebrates the 25th anniversary of its Initial Public Offering |url=https://www.apnnews.com/hcltech-celebrates-the-25th-anniversary-of-its-initial-public-offering/ |access-date=2025-03-20 |website=APN News |language=en-US}}</ref> with an issue of 14.2 million shares.<ref name="ReferenceA">{{cite news|title=Company History – HCL Technologies Ltd.|url=http://economictimes.indiatimes.com/hcl-technologies-ltd/infocompanyhistory/companyid-4291.cms|access-date=28 August 2015|work=The Economic Times|url-status=live|archive-url=https://web.archive.org/web/20150906000750/http://economictimes.indiatimes.com/hcl-technologies-ltd/infocompanyhistory/companyid-4291.cms|archive-date=6 September 2015}}</ref> By the early-2000s, its wholly-owned subsidiary HCL Comnet had expanded its offerings from [[VSAT]] to include [[network security]] and [[IT infrastructure]] services.<ref>{{cite news |title=The Men Behind HCL Comnet |url=https://www.dqindia.com/the-men-behind-hcl-comnet/ |access-date=11 August 2024 |work=DQ India |date=21 November 2002 |language=en}}</ref>

In 2001, HCL formed a joint venture with [[Deutsche Bank]] by acquiring a 51% stake in the latter's Indian subsidiary Deutsche Software (later renamed DSL Software).<ref>{{cite news |title=HCL Tech forms JV with Deutsche Bank: Reuters |url=https://www.rediff.com/money/2001/sep/26hcl.htm |access-date=6 June 2024 |work=Rediff|date=26 September 2001}}</ref> In 2004, HCL bought out the remaining 49% stake in DSL Software, which then became part of HCL's [[Banking software|banking technology]] division.<ref name="dsl">{{cite news |last1=Chandran |first1=Bipin |title=Deutsche Bank to sell 49% DSL Soft stake to HCL |url=https://www.business-standard.com/article/companies/deutsche-bank-to-sell-49-dsl-soft-stake-to-hcl-104092001082_1.html |access-date=6 June 2024 |work=Business Standard |date=20 September 2004}}</ref>

In 2003, HCL won a contract to develop [[embedded software]] for [[Airbus A340]]'s flight warning system.<ref>{{cite news |title=HCL to develop embedded software for Airbus |url=https://timesofindia.indiatimes.com/business/india-business/hcl-to-develop-embedded-software-for-airbus/articleshow/26082.cms |access-date=20 September 2024 |work=The Times of India |date=16 June 2003}}</ref> That same year, HCL sold its entire stake in HCL Perot Systems, a seven-year old IT services company, to joint venture partner [[Perot Systems]] for over $105 million.<ref>{{cite news |title=Perot buys HCL out of JV for Rs 479 crore |url=https://www.business-standard.com/article/companies/perot-buys-hcl-out-of-jv-for-rs-479-crore-103122301017_1.html |access-date=11 August 2024 |work=Business Standard |date=23 December 2003}}</ref>

In 2005, HCL expanded its operations in Northern Ireland. At the 2006 UK Trade and Investment India Business Awards in New Delhi, the then UK Prime Minister [[Tony Blair]] announced the expansion.<ref>{{cite web | url=http://www.investni.com/news/prime-minister-announces-600-new-jobs-for-armagh-and-belfast.html | title=Prime Minister Announces 600 New Jobs for Armagh and Belfast | publisher=Invest NI | date=8 September 2005 | access-date=29 June 2016 | url-status=live | archive-url=https://web.archive.org/web/20160815032711/http://www.investni.com/news/prime-minister-announces-600-new-jobs-for-armagh-and-belfast.html | archive-date=15 August 2016 | df=dmy-all }}</ref>

In 2008, HCL acquired the UK-based consultancy [[Axon Group]] for £440 million and merged HCL's [[enterprise application integration|enterprise application services]] (EAS) division into Axon. In the three years following the acquisition, the EAS division's revenue share within HCL increased from 9% to 22%.<ref>{{cite news |last1=Sen |first1=Sunny |title=How AXON is putting HCL Tech in the big league |url=https://www.businesstoday.in/magazine/features/story/how-axon-is-putting-hcl-technologies-in-the-big-league-26377-2011-10-14 |access-date=13 August 2024 |work=Business Today |date=14 October 2011 |language=en}}</ref>

In October 2017, [[IBM]] and HCL announced a strategic partnership, with the latter taking over the development of IBM [[Lotus Software]]'s Notes, Domino, Sametime and Verse collaboration tools.<ref>{{cite web  |website=The Register
|title=IBM offloads Notes and Domino to India's HCL Technologies
|url=https://www.theregister.co.uk/2017/10/30/ibm_hcl_notes_domino_partnership
|author=Simon Sharwood  |date=30 October 2017}}</ref>

In 2018, US-based [[Actian]] was acquired by HCL and Sumeru Equity Partners for $330 million.<ref name="actian">{{cite web|work=Reuters  |date=12 April 2018|url=https://www.reuters.com/article/us-actian-m-a-hcl-techno/hcl-tech-pe-firm-to-buy-u-s-data-management-firm-actian-idUSKBN1HJ2LD|title=HCL Tech, PE firm to buy U.S. data management firm Actian}}</ref> HCL America acquired the remaining 19.6% stake in Actian for $100.2 million in 2021,<ref>{{Cite web|url=https://www.moneycontrol.com/news/business/announcements/hcl-america-acquires-remaining-stake-in-hcl-technologies-sep-holdings-7881821.html|title=HCL Technologies subsidiary boosts stake to fully own Actian Corporation's parent|website=www.moneycontrol.com|language=en|access-date=12 August 2024}}</ref> making Actian the data & analytics division of HCLSoftware, but keeping it an independent company.<ref>{{Cite web |url=https://www.forbes.com/sites/danwoods/2018/12/04/how-the-actian-acquisition-illustrates-hcls-product-based-consulting-strategy/ |title=How the Actian Acquisition Illustrates HCL's Product-Based Consulting Strategy |website=www.forbes.com|language=en|access-date=12 August 2024 |archive-date=5 December 2018 |archive-url=https://web.archive.org/web/20181205151937/https://www.forbes.com/ |url-status=live }}</ref>

In 2019, HCL Technologies acquired products of [[IBM]] including [[Security AppScan|AppScan]], [[IBM BigFix|BigFix]], [[WebSphere Commerce|Commerce]], [[IBM Connections|Connections]], Digital Experience ([[WebSphere Portal|Portal]] and Content Manager), [[IBM Notes|Notes/Domino]], and [[Unica Corporation|Unica]].<ref name="Software development">{{cite web |last1=YK |first1=R |title=HCL Technologies announces close of acquisition of select IBM products |url=https://www.livemint.com/technology/tech-news/hcl-technologies-announces-close-of-acquisition-of-select-ibm-products-1561991281777.html|website=livemint.com|publisher=Livemint|access-date=1 April 2019}}</ref>

In 2021, the company reached $10 billion in revenue.<ref>{{Cite web |date=2021-01-15 |title=HCL Tech Q3FY21: Revenue reaches $10 billion-mark; FY21 guidance at 2–3% |url=https://www.businesstoday.in/latest/corporate/story/hcl-tech-q3fy21-revenue-reaches-10-billion-mark-fy21-guidance-at-2-3-284460-2021-01-15 |access-date=2023-07-23 |website=Business Today |language=en}}</ref> In 2022, HCL Technologies [[Rebranding|rebranded]] as HCLTech.<ref name=":2">{{Cite news |title=HCL Technologies rebrands itself to HCLTech |url=https://economictimes.indiatimes.com/tech/information-tech/hcl-technologies-rebrands-itself-to-hcltech/articleshow/94458604.cms|work=The Economic Times|date=26 September 2022 |last1=Majumdar |first1=Romita }}</ref>

In 2022, HCLTech acquired Confinale AG, a wealth solutions provider.<ref>{{Cite web |title=Confinale becomes an HCL Technologies Company |url=https://confinale.ch/en/about-confinale/blog/lesen/35-confinale-becomes-an-hcl-technologies-company/ |access-date=2025-03-20 |website=Confinale}}</ref> In 2023, it acquired ASAP Group, a German automotive engineering company for $279 million.<ref>{{Cite web |date=2023-07-13 |title=HCLTech acquires German autonomous driving tech firm ASAP for $279 mn |url=https://www.businesstoday.in/latest/deals/story/hcltech-acquires-german-autonomous-driving-tech-firm-asap-for-279-mn-389522-2023-07-13 |access-date=2025-03-20 |website=Business Today |language=en}}</ref> In August 2023, HCLTech signed a $2.1 billion managed network services deal with Verizon Business.<ref>{{Cite web |last=Walker |first=Karen |title=Inside The Verizon Business-HCLTech Deal With Kyle Malady And C. Vijayakumar |url=https://www.forbes.com/sites/karenwalker/2023/11/01/inside-the-verizon-hcl-tech-deal-with-kyle-malady-and-c-vijayakumar/ |access-date=2025-03-20 |website=Forbes |language=en}}</ref><ref>{{Cite news |date=2023-08-11 |title=HCLTech wins $2.1 billion Verizon deal |url=https://economictimes.indiatimes.com/tech/information-tech/hcltech-wins-2-1-billion-verizon-deal/articleshow/102620176.cms?from=mdr |access-date=2025-03-20 |work=The Economic Times |issn=0013-0389}}</ref>

In May 2024, HCLTech announced the acquisition of select assets of Communications Technology Group, a business division of [[Hewlett Packard Enterprise]] (HPE), for $225 million.<ref name="hpe">{{Cite news |title=HCLTech to buy Hewlett Packard's communications tech assets for $225 million |url=https://economictimes.indiatimes.com/tech/tech-bytes/hcltech-to-buy-hewlett-packards-communications-tech-assets-for-225-million/articleshow/110373625.cms |access-date=2024-05-25 |website=The Economic Times|date=24 May 2024 }}</ref>

In August 2024, [[HCLTech#HCLSoftware|HCLSoftware]] announced its intent to acquire the French metadata management platform startup Zeenea for €24 million.<ref name="zeenea"/> After the completion of the acquisition, Zeenea is expected to continue operating as an independent unit under [[Actian]], HCLSoftware's data & analytics division.<ref name="actian-press-release/">{{cite web|title=HCLSoftware Announces Intent to Acquire Metadata Management Software Provider Zeenea|publisher= Actian|url=https://www.actian.com/news-and-events/press-releases/hclsoftware-announces-intent-to-acquire-metadata-management-software-provider-zeenea/|access-date=2024-08-12}}</ref>

== Acquisitions ==
{| class="wikitable"
|-
! scope="col" | Acquisition date
! scope="col" | Company
! scope="col" | Business
! scope="col" | Country
! scope="col" | Ref.
|-

| {{dts|format=dmy|2001|10|29}}
| Apollo Contact Centre
| [[Business process outsourcing]]
| United Kingdom
| <ref>{{cite web|url=http://www.computerworld.com/article/2557035/it-outsourcing/india-s-hcl-to-add-600-staff-in-northern-ireland.html|title=India's HCL to add 600 staff in Northern Ireland|first=John|last=Ribeiro|date=8 September 2005|url-status=live|archive-url=https://web.archive.org/web/20160817160234/http://www.computerworld.com/article/2557035/it-outsourcing/india-s-hcl-to-add-600-staff-in-northern-ireland.html|archive-date=17 August 2016}}</ref>

|- scope="row"
| {{dts|format=dmy|2002|6|3}}
| Gulf Computers Inc.
| Application development
| United States
| <ref name="ReferenceA" />

|- scope="row"
| {{dts|format=dmy|2004|9|20}}
| DSL Software
| [[Banking software]]
| India
| <ref name="dsl"/>

|- scope="row"
| {{dts|format=dmy|2004|10|13}}
| Shipara Technologies
| [[Product engineering]] and [[embedded systems]]
| India
| <ref>{{cite news |title=Shipara becomes HCL Tech's fully owned |url=https://www.ciol.com/shipara-hcl-techs-owned/ |access-date=11 August 2024 |work=CIOL |date=13 October 2004 |language=en}}</ref>

|- scope="row"
| {{dts|format=dmy|2005|2|17}}
| Aquila Technologies
| Engineering software
| India
| <ref>{{cite news |title=HCL Tech takes over Aquila Tech |url=https://www.business-standard.com/article/technology/hcl-tech-takes-over-aquila-tech-105021700023_1.html |access-date=11 August 2024 |work=Business Standard |date=17 February 2005}}</ref>

|- scope="row"
| {{dts|format=dmy|2008|2|20}}
| Capital Stream Inc.
| [[Business process automation]]
| United States
| <ref>{{cite news
  |title=HCL acquires Capital Stream for $40&nbsp;million
  |url=https://economictimes.indiatimes.com/tech/software/HCL-acquires-Capital-Stream-for-40-million/articleshow/2800004.cms
  |access-date=22 January 2019
  |work=The Economic Times  |date=21 February 2008}}</ref>

|- scope="row"
| {{dts|format=dmy|2008|7|16}}
| Liberata Financial Service
| Business process outsourcing
| United Kingdom
| <ref>{{cite news|title=HCL Tech to acquire Liberata Financial Services|url=http://www.business-standard.com/article/companies/hcl-tech-to-acquire-liberata-financial-services-108071600073_1.html|access-date=28 August 2015|work=Business Standard|date=16 July 2008|url-status=live|archive-url=https://web.archive.org/web/20150923230642/http://www.business-standard.com/article/companies/hcl-tech-to-acquire-liberata-financial-services-108071600073_1.html|archive-date=23 September 2015}}</ref>

|- scope="row"
| {{dts|format=dmy|2008|8|25}}
| Control Point Solutions, Inc.
| [[Telecommunications service]]
| United States
| <ref>{{cite news|title=HCL Tech buys US based Control Point|url=http://timesofindia.indiatimes.com/tech/tech-news/HCL-Tech-buys-US-based-Control-Point/articleshow/3404058.cms|access-date=28 August 2015|work=The Times of India|date=25 August 2015}}</ref>

|- scope="row"
| {{dts|format=dmy|2008|12|15}}
| [[HCL Axon|Axon Group]]
| [[SAP SE|SAP]] consulting
| United Kingdom
| <ref>{{cite news|title=HCL Technologies Completes Acquisition of AXON Group plc|url=https://www.bloomberg.com/apps/news?pid=newsarchive&sid=ao7qHROBT6Sg|access-date=28 August 2015|publisher=Bloomberg L.P.|date=15 December 2008|url-status=live|archive-url=https://web.archive.org/web/20150924183226/http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ao7qHROBT6Sg|archive-date=24 September 2015}}</ref>

|- scope="row"
| {{dts|format=dmy|2009|7|16}}
| UCS Group's SAP division
| [[SAP SE|SAP]] consulting
| South Africa
| <ref>{{cite news|title=HCL Tech Division Buys UCS Group's SAP Operations|url=https://www.wsj.com/articles/SB124782314239557135|access-date=28 August 2015|work=The Wall Street Journal|date=17 July 2009|url-status=live|archive-url=https://web.archive.org/web/20160222075537/http://www.wsj.com/articles/SB124782314239557135|archive-date=22 February 2016}}</ref>

|- scope="row"
| {{dts|format=dmy|2015|10|19}}
| Concept to Silicon Systems (C2SiS)
| [[Semiconductors]]
| India
| <ref>{{cite news|title=HCL acquires privately held Engineering services firm Concept to Silicon|url=http://economictimes.indiatimes.com/tech/ites/hcl-acquires-privately-held-engineering-services-firm-concept-to-silicon-systems/articleshow/49449515.cms|access-date=19 October 2015|work=The Economic Times|date=19 October 2015|url-status=live|archive-url=https://web.archive.org/web/20151020211904/http://economictimes.indiatimes.com/tech/ites/hcl-acquires-privately-held-engineering-services-firm-concept-to-silicon-systems/articleshow/49449515.cms|archive-date=20 October 2015}}</ref>

|- scope="row"
| {{dts|format=dmy|2015|10|20}}
| Volvo's external IT division
| IT services
| Sweden
| <ref>{{cite news|title=HCL Tech to buy Volvo's IT business|url=http://www.thehindubusinessline.com/info-tech/hcl-tech-to-buy-volvos-it-business/article7783843.ece|access-date=20 October 2015|work=Business Line|date=20 October 2015|url-status=live|archive-url=https://web.archive.org/web/20151022171443/http://www.thehindubusinessline.com/info-tech/hcl-tech-to-buy-volvos-it-business/article7783843.ece|archive-date=22 October 2015}}</ref>
|-
|29 October 2015
|PowerObjects
|[[Customer relationship management|CRM]] consulting
|United States
|<ref>{{Cite web |last=Novinson |first=Michael |date=30 October 2015 |title=HCL Buys Microsoft CRM Superstar PowerObjects for $46M |url=https://www.crn.com/news/channel-programs/300078669/hcl-buys-microsoft-crm-superstar-powerobjects-for-46m |access-date=21 May 2025 |website=CRN}}</ref>

|-
|2 April 2016
|Geometric Ltd
|[[Product lifecycle|PLM]] and engineering services
|India
|<ref>{{Cite news|url=http://www.business-standard.com/article/companies/hcl-technologies-to-acquire-geometric-116040101311_1.html|title=HCL Technologies to acquire Geometric|date=2 April 2016|newspaper=Business Standard India|access-date=25 January 2017|url-status=live|archive-url=https://web.archive.org/web/20170120235658/http://www.business-standard.com/article/companies/hcl-technologies-to-acquire-geometric-116040101311_1.html|archive-date=20 January 2017}}</ref>
|-
|21 October 2016
|Butler America Aerospace
|Engineering and design services
|United States
|<ref>{{Cite news|url=http://economictimes.indiatimes.com/news/company/corporate-trends/hcl-to-acquire-butler-america-aerospace-for-85-million/articleshow/54970372.cms|title=HCL to acquire Butler America Aerospace for $85 million – The Economic Times|newspaper=The Economic Times|access-date=25 January 2017|url-status=live|archive-url=https://web.archive.org/web/20170201205354/http://economictimes.indiatimes.com/news/company/corporate-trends/hcl-to-acquire-butler-america-aerospace-for-85-million/articleshow/54970372.cms|archive-date=1 February 2017}}</ref>
|-
|25 April 2017
|Urban Fulfillment Services, LLC
|Business process outsourcing
|United States
|<ref>{{Cite news|title=HCL acquires Urban Fulfillment Services for $30 million |last=Agarwal |first=Surabhi |date=25 April 2017 |work= The Economic Times |access-date= 15 September 2017 |url= http://economictimes.indiatimes.com/tech/ites/hcl-acquires-urban-fulfillment-services-for-30-million/articleshow/58345394.cms }}</ref>
|-
|5 September 2017
|ETL Factory Limited (Datawave)
|[[Automation]]
|United Kingdom
|<ref>{{Cite news|url=http://economictimes.indiatimes.com/tech/ites/hcl-acquires-uk-based-data-management-platform-datawave/articleshow/60381911.cms|title=HCL acquires UK-based data management platform Datawave|last=Agarwal|first=Surabhi|date=6 September 2017|work=The Economic Times|access-date=15 September 2017|url-status=live|archive-url=https://web.archive.org/web/20170918025459/http://economictimes.indiatimes.com/tech/ites/hcl-acquires-uk-based-data-management-platform-datawave/articleshow/60381911.cms|archive-date=18 September 2017}}</ref>
|-
|12 April 2018
|[[Actian]]
|Data analytics
|United States
|<ref name="actian"/>
|-
|27 June 2018
|H&D International Group 
|IT and engineering services
|Germany
|<ref>{{Cite news|url=https://economictimes.indiatimes.com/tech/ites/hcl-acquires-german-it-firm-hd/articleshow/64760547.cms|title=HCL Tech acquires H&D International for 30 mn euros|date=27 June 2018|work=The Economic Times|access-date=27 June 2018}}</ref>
|-
|13 March 2019
|Strong-Bridge Envision
|IT consulting
|United States
|<ref>{{cite news |title=HCL Tech to buy Strong-Bridge Envision to boost digital transformation skills |url=https://www.techcircle.in/2019/03/13/hcl-tech-to-buy-strong-bridge-envision-to-boost-digital-transformation-skills |access-date=11 August 2024 |work=Techcircle |date=13 March 2019 |language=en}}</ref>
|-
|9 September 2019
|Sankalp Semiconductor
|Technology design services
|India
|<ref>{{Cite news|last=Agarwal|first=Surabhi|url=https://economictimes.indiatimes.com/tech/ites/hcl-tech-acquires-sankalp-semiconductor-for-rs-180-crore/articleshow/71054118.cms?from=mdr|title=HCL Tech acquires Sankalp Semiconductor for Rs 180 crore|date=9 September 2019|work=The Economic Times|access-date=19 March 2020}}</ref>
|-
|21 September 2020
|DWS Ltd
|IT services
|Australia
|<ref>{{cite news |last1=Mathur |first1=Nandita |title=HCL Technologies to acquire Australian IT solutions company DWS |url=https://www.livemint.com/companies/news/hcl-technologies-to-acquire-australian-it-solutions-company-dws-11600659962676.html |access-date=11 August 2024 |work=Mint |date=21 September 2020}}</ref>
|-
|14 January 2022
|[[Starschema]]
|Data services
|Hungary/United States
|<ref>{{Cite news|title=HCL Technologies acquires Hungary's Starschema for $42.5 million|work=The Economic Times|url=https://economictimes.indiatimes.com/tech/information-tech/hcl-technologies-acquires-hungarys-starschema-for-42-5-million/articleshow/88899726.cms|access-date=2022-02-01}}</ref>
|-
|9 May 2022
|Confinale AG
|Digital banking and wealth management consulting
|Switzerland
|<ref>{{cite journal|date=9 May 2022|url=https://www.channele2e.com/investors/mergers-acquisitions/hcl-buys-confinale-ag/|title=HCL Technologies Acquires FinTech Consultancy Confinale AG|journal= Channel E2E|access-date=19 May 2022}}</ref>
|-
|9 May 2022
|Quest Informatics
|[[Industry 4.0]] and [[internet of things]]
|India
|<ref>{{cite news |title=HCL Tech to acquire Bengaluru-based Quest Informatics for Rs 15 cr cash |url=https://www.business-standard.com/article/companies/hcl-tech-to-acquire-bengaluru-based-quest-informatics-for-rs-15-cr-cash-122050900822_1.html |access-date=8 July 2024 |work=Business Standard}}</ref>
|-
|13 July 2023
|ASAP Group
|Automotive engineering services
|Germany
|<ref>{{cite news |last1=Nagasundaram |first1=Dhanya |title=HCL Technologies inks deal with ASAP Group for about ₹2,300 crore |url=https://www.livemint.com/market/stock-market-news/hcl-technologies-inks-deal-with-asap-group-for-about-rs-2-300-crore-11689229276080.html |access-date=30 May 2024 |work=mint |date=13 July 2023 |language=en}}</ref>
|-
|23 May 2024
|HPE's CTG division
|Telco solutions
|United States
|<ref name="hpe"/>
|-
|9 August 2024
|Zeenea
|Data management and analytics
|France
|<ref name="zeenea">{{cite news |title=HCL Tech's software business unit to acquire Zeenea for €24 million - CNBC TV18 |url=https://www.cnbctv18.com/market/hcl-technologies-share-price-hclsoftware-to-acquire-zeenea-metadata-management-software-19457257.htm |access-date=11 August 2024 |work=CNBCTV18 |date=9 August 2024 |language=en}}</ref>
|}

== Operations ==
[[File:HCLTech Areas Served.png|thumb|right|Countries where HCL has offices (circa 2015).]]

HCLTech operates in 60 countries and has more than 200 delivery centers and 150 innovation labs.<ref name="AR2024" /> It's headquarters are in [[Noida]], India. The company serves include Digital, Engineering, Cloud, AI and Software.<ref>{{Cite web |title=HCLTech |url=https://cloud.google.com/find-a-partner/partner/hcl-technologies-limited |access-date=2025-04-06 |website=cloud.google.com}}</ref> HCLTech business is divided into three segments: IT and Business Services (ITBS), Engineering and R&D Services (ERS), and HCLSoftware.<ref>{{Cite web |title=HCL Technologies Ltd Management Discussions |url=https://www.indiainfoline.com/company/hcl-technologies-ltd/management-discussions |access-date=2025-04-06 |website=India Infoline |language=en}}</ref>

[[File:HCL Technologies logo.svg|thumb|Old logo of the company which was used until 2022]]

===HCLSoftware===
In 2019, HCL Technologies started a [[software product]] division called HCLSoftware, after completing the acquisition of [[IBM]]'s software tools.<ref>{{cite news |title=The curious case of HCL Software |url=https://www.techcircle.in/2021/01/20/the-curious-case-of-hcl-software |access-date=30 May 2024 |work=Techcircle |date=20 January 2021 |language=en}}</ref> Notable products under HCLSoftware include [[Security AppScan|HCL AppScan]], [[IBM BigFix|HCL BigFix]], [[HCL Connections]], [[HCL Commerce|HCL Commerce Cloud]], [[WebSphere Portal|HCL Digital Experience]], [[HCL Sametime]], [[HCL Notes]], [[IBM Lotus iNotes|iNotes]], and [[Unica Corporation|Unica]]. As for [[Actian]], their data & analytics division, notable products include [[Informix|HCL Informix]], [[Actian#DataPlatform|Actian Data Platform]], [[Ingres (database)|Actian Ingres]], [[Actian Zen]], and [[Actian_NoSQL_Object_Database|Actian NoSQL]]. HCLSoftware division had revenue of {{INRconvert|11692|c}} in fiscal year 2023–24.<ref name="ar24">{{cite web |title=HCLTech's Annual Report 2023-24 |url=https://www.bseindia.com/xml-data/corpfiling/AttachHis/ea5d9753-2bef-4e01-a344-51e7f5506153.pdf |publisher=HCLTech |website=BSE |access-date=12 August 2024}}</ref>

=== Employees ===
As of March 31, 2024, HCLTech had over 227,000 employees worldwide, representing 161 nationalities.<ref name="AR2024">{{Cite web |title=HCLTech_Annual_Report2023-24.pdf |url=https://www.hcltech.com/sites/default/files/document/open/annual-report/2024-08/HCLTech_Annual_Report2023-24.pdf |access-date=19 March 2025 |website=www.hcltech.com}}</ref>

HCLTech has had four CEOs since its inception:
{| class="wikitable"
|+
!CEO
!Tenure
|-
|[[Shiv Nadar]]
|1976–2007
|-
|[[Vineet Nayar]]<ref>{{cite news |date=27 December 2013 |title=Vineet Nayar retires from HCL Technologies board |url=https://www.livemint.com/Companies/TORzzgFVkdtAqFmBlz6E8H/Vineet-Nayar-retires-from-HCL-Technologies-board.html |access-date=16 July 2024 |work=Mint}}</ref>
|2007–2013
|-
|[[Anant Gupta]]<ref>{{cite news |date=17 January 2013 |title=Anant Gupta takes over as HCL Tech CEO |url=https://www.livemint.com/Companies/78yXQuavAXUedZoGmMKodO/Anant-Gupta-to-take-over-as-CEO-of-HCL-Technologies.html |access-date=16 July 2024 |work=Mint}}</ref>
|2013–2016
|-
|[[C Vijayakumar]]<ref name="vijay" />
|2016–present
|}

== HCL Group ==
HCLTech is the flagship company of the HCL Group.<ref>{{cite news |title=Strategic move for HCL Group to venture into chip testing and packaging: Roshni Nadar on Foxconn JV |url=https://www.businesstoday.in/wef-2024/story/strategic-move-for-hcl-group-to-venture-into-chip-testing-and-packaging-roshni-nadar-on-foxconn-jv-413830-2024-01-17 |access-date=11 July 2024 |work=Business Today |date=17 January 2024 |language=en}}</ref> Another HCL Group company, HCL Infosystems, was formed in 1976 to produce calculators.<ref>{{cite news
|title=Envisioning IT in Every Home
|url=http://www.cio.in/ceo-interviews/hcls-ajai-chowdhry-envisions-it-every-home
|work=CIO India
|language=en
|access-date=15 August 2018
|archive-date=15 August 2018
|archive-url=https://web.archive.org/web/20180815055236/http://www.cio.in/ceo-interviews/hcls-ajai-chowdhry-envisions-it-every-home
|url-status=dead
}}</ref> HCL Infosystems later became one of the leading manufacturers of [[personal computers]] and [[laptop]]s in India, but it eventually lost market share to foreign competitors like [[Hewlett-Packard|HP]] and [[Dell]], and shut down its manufacturing division.<ref>{{cite news |title=HCL Infosystems to shut PC manufacturing business |url=https://www.gadgetsnow.com/tech-news/hcl-infosystems-to-shut-pc-manufacturing-business/articleshow/25973444.cms |access-date=11 July 2024 |work=Gadgets Now |publisher=Times of India |date=18 November 2013 |language=en-IN}}</ref>

In February 2014, HCL Group launched HCL Healthcare, which provides corporate health services.<ref>{{cite news
  |title=HCL enters healthcare business with Rs 1,000 crore
  |url=http://timesofindia.indiatimes.com/business/india-business/HCL-enters-healthcare-business-with-Rs-1000-crore/articleshow/29965199.cms|access-date=28 August 2015|work=The Times of India
  |date=7 February 2014 |url-status=live |archive-url=https://web.archive.org/web/20150707095322/http://timesofindia.indiatimes.com/business/india-business/HCL-enters-healthcare-business-with-Rs-1000-crore/articleshow/29965199.cms
  |archive-date=7 July 2015
}}</ref> HCL TalentCare is the fourth venture of HCL Group, which provided skilling and staffing services.<ref>{{cite news
  |title=HCL launches TalentCare to bridge supply gap in IT, Healthcare, Banking
  |url=https://economictimes.indiatimes.com/jobs/hcl-launches-talentcare-to-bridge-supply-gap-in-it-healthcare-banking/articleshow/47290416.cms
  |access-date=22 January 2019 |work=The Economic Times    |date=15 May 2015}}</ref>

==See also==
{{Portal|Companies|India}}
* [[Big Tech (India)]]
* [[List of IT consulting firms]]
* [[List of public listed software companies of India]]
* [[Information technology in India]]
* [[List of Indian IT companies]]

== References ==
{{Reflist}}

== External links ==
* {{Official website}}

{{Nifty 200 companies}}
{{BSE Sensex}}
{{CNX Nifty companies}}
{{Major information technology consulting and outsourcing companies}}
{{Contract research organization|state=collapsed}}
{{Authority control}}

[[Category:Indian companies established in 1991]]
[[Category:Companies based in Noida]]
[[Category:International information technology consulting firms]]
[[Category:Information technology consulting firms of India]]
[[Category:Multinational companies headquartered in India]]
[[Category:Software companies of India]]
[[Category:Indian brands]]
[[Category:Business process outsourcing companies of India]]
[[Category:Consulting firms established in 1991]]
[[Category:Software companies established in 1991]]
[[Category:Outsourcing in India]]
[[Category:Business process outsourcing companies]]
[[Category:1999 initial public offerings]]
[[Category:Companies based in Uttar Pradesh]]
[[Category:NIFTY 50]]
[[Category:BSE SENSEX]]
[[Category:1991 establishments in Uttar Pradesh]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:Computer hardware companies]]
[[Category:Computer systems companies]]