HCLTech shares rise on Odisha tech center expansion plan; firm targets 5,000 new jobs

The centre will be dedicated to innovation and deliver AI-led digital solutions to global enterprises. It will create jobs for 5,000 people and is expected to start operations by 2028.

HCLTech said that its investment is expected to contribute to both direct and indirect employment while strengthening the local talent ecosystem with a focus on next-generation skills. The company added that it plans to engage closely with local educational institutions and the government through structured interventions.

In India, HCLTech employs over 170,000+ people across its technology campuses and centres in Noida, Bengaluru, Chennai, Hyderabad, Pune, Lucknow, Nagpur, Madurai, Vijayawada and GIFT City.

The technology centre will also complement HCLTech’s proposed AI data centre in the upcoming Odisha Sovereign AI Park.

“At HCLTech, through our New Vistas initiative, we are focused on expanding our presence across India to bring opportunities closer to where the talent is. Odisha offers a great mix of quality infrastructure and vibrant talent pool, and we look forward to developing Bhubaneshwar as one of our key global innovation and delivery hubs,” said Rahul Singh, COO—Corporate Functions, HCLTech.

In Q1 FY27, the Noida-headquartered firm’s Indian market saw the most growth at 16.9%, followed by the rest of the world at 10.8% YoY. 

HCLTech Q1 FY27 earnings

The IT company posted a 20.32% year-on-year (YoY) surge in its consolidated net profit (attributable to the owners of the company) to ₹4,624 crore during the quarter under review, compared with ₹3,843 crore in Q1 FY26. Sequentially, its profit rose 3.03% quarter-on-quarter (QoQ) from ₹4,488 crore in the March quarter of FY26.

Its consolidated revenue from operations soared 13.94% YoY to ₹34,579 crore in the latest June quarter, as against ₹30,349 crore in the corresponding period of the previous fiscal year. On a QoQ basis, its revenue rose 1.76% from ₹33,981 crore in the quarter-ago period.

In dollar terms, its revenue jumped to $3,650 million YoY in constant currency (CC) terms for the reporting quarter, from $3,545 million in the year-ago period. However, it declined 0.5% QoQ from $3,682 million in Q4 FY26.

HCLTech share price trends

At 12:47 PM, HCL Technologies shares were trading at ₹1,259.8 apiece on the National Stock Exchange, gaining 1.21%.

From the beginning of the year, HCL Technologies shares have declined 23%. Over a month’s time, the stock has surged 13%, while it has tumbled 27% in the past six months.

Shares of the firm had hit a 52-week high of ₹1,780.10 on February 3, 2026, and a 52-week low of ₹1,030 on July 1, 2026.

According to NSE data, as of July 24, 2026, HCLTech has a total market capitalisation of ₹3.42 crore.