HCL Tech

HCL Tech (HCLTECH.NS & HCLTECH.BO) is an Indian multinational IT services and consulting company. It was formed as a separate entity from HCL Enterprise in 1991 to focus on IT services and software development and went on to become one of the first Indian IT companies to be listed on the Indian stock exchange. HCL Tech offers end-to-end IT services, covering digital, engineering, cloud, and software for a multitude of industries, including aerospace and defense, automotive, banking, healthcare, and technology, with a clientele ranging from Fortune 500 companies to governments. In FY2023 (year ending March 31, 2023), it recorded revenue of INR 1,015 billion (~USD 12.1  billion).

HCL Tech operates through three segments: IT and Business Services (ITBS), Engineering and R&D (ERS), and Products and Platforms (P&P). The ITBS segment offers end-to-end offerings to facilitate the next-generation digital transformation of enterprises. The ERS segment provides services and solutions covering all aspects of product development and platform engineering with use cases in emerging technologies such as IoT, AI/ML, AR/VR/XR, 5G, cloud, and blockchain. The P&P segment delivers modernized, customized software products for global clients as per their specific requirements.

HCL Tech operates in 60 countries via a network of delivery centers, innovation labs, and engineering labs. America is its largest market, accounting for ~57% of its total revenue in FY2023. The company plans to become the preferred digital partner for Global 2000 companies and aims to reach net zero by 2040.