HCLTech#HCL Infosystems

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.{{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

}}{{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}} 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).{{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}} HCL Enterprise developed an indigenous microcomputer in 1978,{{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}} and an RDBMS, networking OS and client-server architecture in 1983. HCL Technologies began as the R&D division of HCL Enterprise.{{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}}

The company originally was focused on hardware but, via HCL Technologies, software and services became the main focus.{{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.}}{{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}} On 12 November 1991, HCL Technologies was spun off as a separate unit,{{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}} being incorporated as HCL Overseas Limited, a provider of software and technology development services.

In 1993, HCL also started providing enterprise IT infrastructure management services, winning an order to establish India's first floorless, electronic stock exchange for NSE.{{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}}

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

Between 1991 and 1999, the company expanded its software development capacities to US, European and APAC markets.

File:HCL Technologies Manchester United partnership.jpg's digital technology partner in 2015.]]

HCL went public on 11 January 2000,{{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}}{{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}} with an issue of 14.2 million shares.{{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}} By the early-2000s, its wholly-owned subsidiary HCL Comnet had expanded its offerings from VSAT to include network security and IT infrastructure services.{{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}}

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).{{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}} In 2004, HCL bought out the remaining 49% stake in DSL Software, which then became part of HCL's banking technology division.{{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}}

In 2003, HCL won a contract to develop embedded software for Airbus A340's flight warning system.{{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}} 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.{{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}}

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.{{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 }}

In 2008, HCL acquired the UK-based consultancy Axon Group for £440 million and merged HCL's 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%.{{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}}

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.{{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}}

In 2018, US-based Actian was acquired by HCL and Sumeru Equity Partners for $330 million.{{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}} HCL America acquired the remaining 19.6% stake in Actian for $100.2 million in 2021,{{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}} making Actian the data & analytics division of HCLSoftware, but keeping it an independent company.{{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 }}

In 2019, HCL Technologies acquired products of IBM including AppScan, BigFix, Commerce, Connections, Digital Experience (Portal and Content Manager), Notes/Domino, and Unica.{{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}}

In 2021, the company reached $10 billion in revenue.{{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}} In 2022, HCL Technologies rebranded as HCLTech.{{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 }}

In 2022, HCLTech acquired Confinale AG, a wealth solutions provider.{{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}} In 2023, it acquired ASAP Group, a German automotive engineering company for $279 million.{{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}} In August 2023, HCLTech signed a $2.1 billion managed network services deal with Verizon Business.{{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}}{{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}}

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.{{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 }}

In August 2024, HCLSoftware announced its intent to acquire the French metadata management platform startup Zeenea for €24 million. After the completion of the acquisition, Zeenea is expected to continue operating as an independent unit under Actian, HCLSoftware's data & analytics division.{{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}}

File:HCLTech Areas Served.png

HCLTech operates in 60 countries and has more than 200 delivery centers and 150 innovation labs. It's headquarters are in Noida, India. The company serves include Digital, Engineering, Cloud, AI and Software.{{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}} HCLTech business is divided into three segments: IT and Business Services (ITBS), Engineering and R&D Services (ERS), and HCLSoftware.{{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}}

File:HCL Technologies logo.svg

In 2019, HCL Technologies started a software product division called HCLSoftware, after completing the acquisition of IBM's software tools.{{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}} Notable products under HCLSoftware include HCL AppScan, HCL BigFix, HCL Connections, HCL Commerce Cloud, HCL Digital Experience, HCL Sametime, HCL Notes, iNotes, and Unica. As for Actian, their data & analytics division, notable products include HCL Informix, Actian Data Platform, Actian Ingres, Actian Zen, and Actian NoSQL. HCLSoftware division had revenue of {{INRconvert|11692|c}} in fiscal year 2023–24.{{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}}

As of March 31, 2024, HCLTech had over 227,000 employees worldwide, representing 161 nationalities.{{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}}

HCLTech has had four CEOs since its inception:

HCLTech is the flagship company of the HCL Group.{{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}} Another HCL Group company, HCL Infosystems, was formed in 1976 to produce calculators.{{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

}} HCL Infosystems later became one of the leading manufacturers of personal computers and laptops in India, but it eventually lost market share to foreign competitors like HP and Dell, and shut down its manufacturing division.{{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}}

In February 2014, HCL Group launched HCL Healthcare, which provides corporate health services.{{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

}} HCL TalentCare is the fourth venture of HCL Group, which provided skilling and staffing services.{{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}}

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