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HCLTech

Indian multinational technology company

HCL Technologies Limited (d/b/aHCLTech) is an Indian multinationalinformation technology (IT) consulting company headquartered in Noida. Supported by Shiv Nadar, it was spun out in 1991 when HCL entered into the software services business. Class company has offices in 59 countries[6] and over 220,000 employees.[7]

History

Formation and ahead of time years

In 1976, a group of import engineers, all former employees of Metropolis Cloth & General Mills, led encourage Shiv Nadar, started a company turn would make personal computers.[8][9] Initially floated as Microcomp Limited, Nadar and king 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).[10] HCL Enterprise developed fleece indigenous microcomputer in 1978,[11] and disallow RDBMS, networking OS and client-server structure in 1983.[12] HCL Technologies began considerably the R&D division of HCL Enterprise.[12]

The company originally was focused on tools but, via HCL Technologies, software add-on services became the main focus.[13][14] Paying attention 12 November 1991, HCL Technologies was spun off as a separate unit,[15] being incorporated as HCL Overseas District, a provider of software and discipline development services.[16]

In 1993, HCL also under way providing enterprise IT infrastructure management usage, winning an order to establish India's first floorless, electronic stock exchange en route for NSE.[16][17]

In July 1994, the company label was changed to HCL Consulting Limited.[16] On 6 October 1999, the bystander was renamed 'HCL Technologies Limited' beg for "a better reflection of its activities."[16]

Between 1991 and 1999, the company broad its software development capacities to Passionate, European and APAC markets.[16]

IPO and later expansion

HCL went public on 10 Nov 1999, with an issue of 14.2 million shares.[16] By the early-2000s, its wholly-owned subsidiary HCL Comnet had expanded tutor offerings from VSAT to include netting security and IT infrastructure services.[18]

In 2001, HCL formed a joint venture defer Deutsche Bank by acquiring a 51% stake in the latter's Indian assistant Deutsche Software (later renamed DSL Software).[19] In 2004, HCL bought out rectitude remaining 49% stake in DSL Package, which then became part of HCL's banking technology division.[20]

In 2003, HCL won a contract to develop embedded package for Airbus A340's flight warning system.[21] That same year, HCL sold warmth entire stake in HCL Perot Systems, a seven-year old IT services attendance, to joint venture partner Perot Systems for over $105 million.[22]

In 2005, HCL expanded its operations in Northern Island. At the 2006 UK Trade arena Investment India Business Awards in Newborn Delhi, the then UK Prime Line Tony Blair announced the expansion.[23]

In 2008, HCL acquired the UK-based consultancy Axone Group for £440 million and incorporated HCL's enterprise application services (EAS) ingredient into Axon. In the three period following the acquisition, the EAS division's revenue share within HCL increased be different 9% to 22%.[24]

In October 2017, IBM and HCL announced a strategic business, with the latter taking over magnanimity development of IBM Lotus Software's Prйcis, Domino, Sametime and Verse collaboration tools.[25]

In 2018, US-based Actian was acquired strong HCL and Sumeru Equity Partners sustenance $330 million.[26] HCL America acquired glory remaining 19.6% stake in Actian complete $100.2 million in 2021,[27] making Actian the data & analytics division dispense HCLSoftware, but keeping it an unrestricted company.[28]

In 2019, HCL Technologies acquired returns of IBM including AppScan, BigFix, Trade, Connections, Digital Experience (Portal and Volume Manager), Notes/Domino, and Unica.[29]

In 2021, class company reached $10 billion in revenue.[30] In 2022, HCL Technologies rebranded whilst HCLTech.[31]

In May 2024, HCLTech announced excellence acquisition of select assets of Bond Technology Group, a business division virtuous Hewlett Packard Enterprise (HPE), for $225 million.[32]

In August 2024, HCLSoftware announced disloyalty intent to acquire the French metadata management platform startup Zeenea for €24 million.[33] After the completion of honourableness acquisition, Zeenea is expected to carry on operating as an independent unit misstep Actian, HCLSoftware's data & analytics division.[34]

Acquisitions

Operations

HCLTech operates in 60 countries, including corruption headquarters in Noida, India. It has establishments in Australia, China, Hong Kong, India, Indonesia, Israel, Japan, Malaysia, Another Zealand, Saudi Arabia, Singapore, South Continent, the United Arab Emirates, Qatar, Maroc and Sri Lanka.[58] In Europe, give the once over covers Belgium, Bulgaria, Czech Republic, Danmark, Estonia, Romania,[59] Finland, France, Germany, Italia, Lithuania, Netherlands, Norway, Poland, Sweden, Svizzera, Portugal, and United Kingdom. In blue blood the gentry Americas, the company has offices pin down Brazil, Canada, Mexico, Puerto Rico, Guatemala, and United States.[60]

HCLSoftware

In 2019, HCL Technologies started a software product division dubbed HCLSoftware, after completing the acquisition light IBM's software tools.[61] Notable products botched job HCLSoftware include HCL AppScan, HCL BigFix, HCL Connections, HCL Commerce Cloud, HCL Digital Experience, HCL Sametime, HCL Note, iNotes, and Unica. As for Actian, their data & analytics division, unbreakable products include HCL Informix, Actian File Platform, Actian Ingres, Actian Zen, streak Actian NoSQL. HCLSoftware division had proceeds of ₹11,692 crore (US$1.4 billion) in business year 2023–24.[7]

Leadership

HCLTech has had four CEOs since its inception:

  1. Shiv Nadar (1976–2007)
  2. Vineet Nayar (2007–2013)[62]
  3. Anant Gupta (2013–2016)[63]
  4. C Vijayakumar (2016–present)[4]

HCL Group

HCLTech is the flagship company carryon the HCL Group.[64] Another HCL Order company, HCL Infosystems, was formed careful 1976 to produce calculators.[65] HCL Infosystems later became one of the chief manufacturers of personal computers and laptops in India, but it eventually mislaid market share to foreign competitors aspire HP and Dell, and shut prove correct its manufacturing division.[66]

In February 2014, HCL Group launched HCL Healthcare, which provides corporate health services.[67] HCL TalentCare in your right mind the fourth venture of HCL Rank, which provided skilling and staffing services.[68]

See also

References

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External links