27-05-2017, 11:03 AM
HCL Technologies Limited is an Indian multinational IT services company based in Noida, Uttar Pradesh, India. It is a subsidiary of HCL Enterprise. Originally a research and development division of HCL, it emerged as an independent company in 1991 when HCL ventured into the software services business. HCL Technologies (the abbreviation for Hindustan Computers Limited) offers services such as IT consulting, business transformation, remote infrastructure management, engineering and R & D, and business process outsourcing (BPO).
The company has offices in 34 countries including the United States, European countries such as France and Germany, and Northern Ireland in the United Kingdom. It operates in several sectors including aerospace and defense, automotive, consumer electronics, energy and utilities, financial services, government, manufacturing, life sciences and health, media and entertainment, mining and natural resources, Retailers and Consumers, Semiconductors, Servers and Storage, Telecommunications and Travel, Transportation, Logistics and Hospitality.
HCL Technologies is on the Forbes Global 2000 list. It ranks among the 20 largest publicly traded companies in India with a market capitalization of $ 22.1 billion as of May 2015. As of August 2015, Company, along with its affiliates, had a consolidated income of $ 6.0 billion.
Early Formation
In the summer of 1976, a group of six engineers, all former employees of Delhi Cloth & General Mills, led by Shiv Nadar, founded a company that manufactured personal computers. Initially floated as Microcomp Limited, Nadar and his team began selling teledigital calculators to raise capital for their main product. On August 11, 1976, the company was renamed HCL.
On November 12, 1991, a company called HCL Overseas Limited was incorporated as a provider of technology development services. It received the certificate of commencement of operations on February 10, 1992, after which it began operations. Two years later, in July 1994, the company name was changed to HCL Consulting Limited and finally to HCL Technologies Limited in October 1999. HCL is short for Hindustan Computers Limited.
HCL Technologies is one of four companies under HCL Corporation, the second company is HCL Infosystems. In February 2014 HCL launched HCL Healthcare. HCL TalentCare is the fourth and final company of HCL Corporation.
HCL Technologies began as the R & D division of HCL Enterprise, a company that contributed to the development and growth of the IT and IT industry in India. HCL Enterprise developed an indigenous microcomputer in 1978 and a networking and client-server architecture operating system in 1983. On November 12, 1991, HCL Technologies became a separate unit to provide software services.
HCL Technologies was originally incorporated as HCL Overseas Limited. The name was changed to HCL Consulting Limited on July 14, 1994. On October 6, 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 capabilities to the US, European and APAC markets.
