HCL Technologies Overview of the company

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HCL Technologies Limited is a leading global Information Technology (IT) services and consulting company. Its headquarters is in Noida, Uttar Pradesh. It was founded by Shiv Nadar, who is the Chairman Emeritus, in 1976. The current CEO is C Vijayakumar. It leverages the extensive offshore infrastructure and its global network of offices across countries and professionals to deliver solutions across various verticals like financial services, manufacturing, telecommunications, media, publishing, entertainment, retail, life sciences, healthcare, oil and gas, energy, consumer goods, mining and natural resources, travel, transportation and logistics, hospitality, banking, automotive and governments.

It has offices in  52 countries including Australia, China, South Africa, Denmark, Brazil, Canada, France, Germany, the United Kingdom, and the United States with a global network of research and development,  co-innovation labs, and delivery centers. It delivers holistic services across industry verticals to leading companies including 250 of the Fortune 500 and 650 of the global 2000 companies. It employs around 180,000 employees globally.

HCL Technologies is on the Forbes Global 2000 list. As of July 2020, the company and its subsidiaries had a consolidated annual revenue of Rs. 71,265 crore (the US $10 billion) .It offers an integrated portfolio of products and services through its three business units-  IT and business services ( ITBS), Engineering and R&D services (ERS),  and Products and Platforms (P&P). These include technology tools such as analytics, cloud, IoT as well as automation which are becoming increasingly vital for any business to thrive in the rapidly evolving digital age.

ERS is for engineering services and solutions in all aspects of product development and platform engineering.ITBS helps global companies transform their business via-  Digital Foundation, which is the modernized infrastructure stack built around hybrid cloud, software networks, digital workplace, and other features; Digital Business, a combination of application services and consulting capabilities;  Digital Operations, a  three-pronged setup to modernize and make operations efficient at the enterprise level.

P&P provides modernized software products to global clients for technological and industry-specific requirements. Mode 1-2-3 is a holistic strategy that forms the backbone of these three business units and helps companies navigate the digital age with ease. There are 77% Independent Directors and 31% women directors in Executive Profiles in the Board of Directors.

Ideapreneurship is a  unique strategy for innovation. It is based on the fundamental belief of inverting the organizational pyramid and engaging and empowering the frontline. It puts employees at the forefront where they innovate and collaborate and customers to nurture and harvest ideas. This collaboration culture has given rise to many tools that bring about business impact.

Intellectual Property monetization encourages Ideapreneurs to submit innovative ideas which they believe can be patented, rewarded, and recognise. Valuev PortalP is a grassroots innovation platform where employees can contribute ideas across hierarchical organizational structures. It allows employees to generate value for the company as well as customers. Its web portal is at www.hcltech.com.

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