Established in: 1976
Managing Director: C. Vijayakumar
HCL Technologies Limited (HCL Tech) is an Indian multinational IT (information Technology) and consulting company, headquartered in Noida, Uttar Pradesh. HCL Tech was founded in 1976 by Shiv Nadar and is one of the largest India-based IT services companies based on revenue and market capitalisation. The company has offices in around 60 countries and employs 2,20,000 people.
HCL Tech Limited launched its IPO and went public in 2000, issuing 14.2 million shares at ₹580 per share. The company raised over ₹823 crores and is currently listed on both BSE and NSE.
History of HCL Technologies Limited
HCL Technologies Limited was founded in 1976 by 8 engineers, led by Shiv Nadar, who all were all former employees of Delhi Cloth & General Mills. The company initially used to manufacture and sell personal computers. Initially named Microcomp Limited, the 8 engineers began selling teledigital calculators to collect capital for their main product, which was computers. In August 1976, the company was renamed Hindustan Computers Limited (HCL).
Over the years, HCL Enterprise manufactured indigenous microcomputers, RDBMS, networking OS and Client-server architecture. HCL Technologies started as the R&D division of the HCL enterprise.
Originally focused on hardware, the company shifted its primary focus to software and IT services through HCL Technologies. To support this, HCL Technologies was separated from the parent company and incorporated in November 1991 as HCL Overseas Limited, a dedicated software and technology developer.
In the following years, HCL Technologies began offering enterprise IT infrastructure management services and won an order to establish India's first floorless, electronic stock exchange for NSE.
On 6 October 1999, the company was again renamed as ‘HCL Technologies Limited’ to ensure the name aligns with its business activities. In November 1999, the company launched its IPO and was listed in January 2000.
Business Segments of HCL Technologies Limited
The following are the business segments of HCL Technologies Limited.
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IT and Business Services (ITBS)
HCL Technologies Ltd offers various IT services such as application services, digital transformation, cloud computing, IT infrastructure management and cybersecurity.
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Engineering and R&D Services (ERS)
The company offers services such as product engineering, digital engineering and R&D services that help its clients to develop and launch connected products, software solutions and medical devices.
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HCL Software
The company has a portfolio of enterprise software products that it develops and promotes that focus on digital transformation, data analytics, artificial intelligence, automation and enterprise security.
HCL Technologies Limited Future Plans
The following are the main aspects of HCL Technologies Limited’s future strategy.
- AI Integration
HCL Technologies is developing and scaling its AI capabilities by expanding platforms such as AI Force 2.0 and Autonomous Finance that can independently execute tasks and make business decisions without human intervention. The company is investing significantly in merging robotics and AI and has established specialised labs and platforms to capture a share in the emerging market.
HCL Technologies Limited has entered into partnerships with major cloud providers such as AWS, Google Cloud and Microsoft Azure to help governments and businesses upgrade their technology while keeping their data safe.
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Software-led Revenue Diversification
The HCL Software division is rapidly transitioning to subscription-based models that focus on DevOps, security and automation. The company is aiming to increase software and subscription solutions to 15% of the total group turnover. HCL software is collaborating with cybersecurity and tech leaders such as CrowdStrike and AMD to develop and offer AI-driven threat exposure management and processing capabilities.
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Expansion and Mergers & Acquisitions
The company is expanding its operations into regions like Mexico, Brazil, and Romania to reduce operating costs and provide real-time client support. To catalyse acquisitions in engineering, specialised R&D, and intellectual property, HCLTech has dedicated billions of dollars to strategic investments.
HCL Technologies Financial Highlights
- Revenue: HCL Technologies reported revenue of ₹1,31,674.00 crore in FY26 vs ₹1,19,540.00 crore in FY25. It showed an increase of 10.15% on a yearly basis.
- Operating Profit: HCL Technologies reported an operating profit of ₹22,102.00 crore in FY26 vs ₹23,261.00 crore in FY25. It showed a decrease of 4.98% on a year-on-year basis.
- Net Profit: HCL Technologies reported a net profit of ₹16,652.00 crore in FY26 vs ₹17,399.00 crore in FY25. It showed a decrease of 4.29% on a yearly basis.
HCL Technologies Quarterly Result Highlights
- HCL Technologies reported revenue of ₹34,303.00 crore in Mar 2026, compared with ₹34,257.00 crore in Dec 2025, representing an increase of 0.13% on a quarter-on-quarter (QoQ) basis.
- HCL Technologies reported an operating profit of ₹5,702.00 crore in Mar 2026, compared with ₹5,509.00 crore in Dec 2025, representing an increase of 3.50% on a quarter-on-quarter (QoQ) basis.
- HCL Technologies reported a profit of ₹4,490.00 crore in Mar 2026, compared with ₹4,082.00 crore in Dec 2025, reflecting an increase of 10.00% on a QoQ basis.
- The earnings per share (EPS) of HCL Technologies stood at ₹64.16 during Mar 2026.
