HCL Technologies Ltd

NSE: HCLTECH BSE: 532281

₹1367.50

+40.50 (3.05%)

Mon, 19 Oct 2026, 01:40 pm

MTF 5xInvest in HCL Technologies Ltd with 5x Leverage Buy with MTF

Market Cap (in Cr)358475.15

PE Ratio20.23

Dividend4.54

Technology Services

Information Technology Services

24.5K

HCL Technologies Ltd Company History

1991

Incorporated as HCL Overseas Limited.

1992

Received certificate of commencement of business.

1994

Changed name to HCL Consulting Limited.

1996

Formed 50:50 joint venture with Perot Systems.

1998

Started addressing markets in Europe and Asia Pacific.

1999

Changed name to HCL Technologies Limited.
Announced public issue of 1,42,00,000 equity shares.
Signed five-year contract with Gtech and KLA-Tencor.
Created wholly-owned subsidiary HCL Technologies America.

2000

Set up offshore development center in Chennai for KLA-Tencor.
Set up offshore development center for Conexant.
HCL Comnet to invest Rs 20 crore in Delhi network operation center; tied up with HP.
Invested in five venture capital funds.
Approved equity share split from Rs 4 to two Rs 2 shares.
Entered tie-up with BroadVision as distributor.
Launched second Nokia professional center in New Delhi.
To acquire 40% stake in Indian networking product company.
Planned software technology development center in China.

2001

Signed five-year agreement with NCR Corp.
Signed agreement with Toshiba for offshore development center.
Entered strategic alliance with Vitesse Semiconductor.
Set up dedicated offshore center for Vitesse Semiconductor.
Announced acquisition of 90% stake in Apollo Contact Centre for $11.5 million.
HCL Perot set up development centers in UK and US.
Appointed Anupam Puri to board.

2002

Acquired 100% of Gulf Computers Inc., USA.
Formed strategic technology JV with Jones Apparel Group.
Entered JV with m.a. partners for global finance markets.
Announced strategic alliance with Sento Corporation.
Vineet Nayyar resigned from board.

2003

Anupam Puri resigned; inducted Amal Ganguli, Cyril Shroff, Subroto Bhattacharya.
Partnered with Alayance for Enterprise Application Integration.
Signed agreement with SuperH Inc. and joined SuperH Design Agency Program.
Approved Scheme of Arrangement with HCL Infosystems and HCL Infinet.
Received $160 million BPO deal from BT Group.
Inked pact with Questa Corp.
Won Airbus mandate for A-340 embedded software.
HCL Comnet secured Rs 31 crore order from NIC.
Partnered with Magma Design Automation.
High Court sanctioned Scheme of Arrangement.
Joined Xilinx Xperts program.
Signed multi-year IT co-sourcing contract with AMD.
Allotted 7,075,154 equity shares pursuant to Scheme of Arrangement.
Changed registered office to Nehru Place, New Delhi.
Divested stake in HCL Perot Systems to Perot Systems for $105.3 million.
Ambassador Richard Burt retired from board.

2004

Bought out 49.5% equity in Aircom HPS Wireless Services.
Delisted from Delhi Stock Exchange.
Set up Insurance Solutions Center in Chennai.
Entered strategic tie-up with IBM Rational Software.
Appointed Stuart Drew as Director Europe Global Insurance Practice.
Named Microsoft Global Systems Integrator Partner.
Unveiled RFID asset management solution at ESEC Tokyo.
Received Excellence in Education Award from LOMA.
Chennai BPO center received BS7799 certification.
Introduced CrosSView CSV methodology.
Delisted from Madras Stock Exchange.

2005

Entered agreement with Agere Systems.
Formed partnership with Compuware.
Signed MoU with SCFBio at IIT Delhi.
SEBI tied up for market surveillance solutions.
Formed joint venture with NEC Japan.
Launched easy Labelling Solution for US FDA SPL.
Partnered with Talent & Pro for banking and insurance solutions in Europe.
Announced strategic partnership with EXA Japan.
Infrastructure Services Division ranked Strong Performer in Remote Infrastructure Management.

2006

Signed distribution agreement with Qumas.
Partnered with Wavesat.
Launched RoHS Compliance Management System.
Entered $70 million outsourcing deal with Teradyne.
Launched Trusted ICT Infrastructure Platforms for BPO-ITeS.
Appointed Karan Puri as Sr. VP Retail, Media & Entertainment in North America.
Signed alliance with Sage for private wealth management solutions.
Inked pact with Celestica for electronic product design and manufacture.

2007

Formed strategic alliance with Eckler for insurance expertise.
Signed agreement with Advanced Electronics Company for IT projects in Saudi Arabia.
Announced $15 million contract with Alenia Aeronautica.
Appointed Vineet Nayar as CEO; Shiv Nadar as Chairman and Chief Strategy Officer.
Issued bonus shares in 1:1 ratio.

2008

Completed acquisition of UK-based Axon.
Launched on-demand software testing lab.

2009

Entered five-year IT infrastructure management with Energy Future Holdings.
Signed Rs 393 crore, 7-year IT services deal with National Insurance Company.
Secured outsourcing contract from MTV Networks.
Received International Investor of the Year Prize.
Emerged as Most Admired Knowledge Enterprise winner.
Opened Global Development Center in Brazil.

2010

Announced partnership with nMatric for shopfloor solutions.
HCL AXON launched iControl for utility web enablement.
Entered strategic partnership with Talisma.
Launched fastest laptop.
Signed $50 million global engineering deal with Meggitt.
HCL AXON signed GTM partnership with NextLabs.

2011

Entered strategic partnership with Tangoe.
Lippo and HCL signed MoU in presence of Indonesian President.
Opened Global Enterprise Mobility Lab in Singapore.
Launched CataLOG supply chain platform for SMEs.
Launched ACE SmartCare Solution at HiMss.
Tied up with Orion Edutechs.

2012

Selected by Statoil for strategic infrastructure management services.
Entered strategic relationship with State Street for BPO services.
HCL BPO Services announced consultation on redundancy proposals in Northern Ireland.
Entered strategic relationship with Great American Insurance Group.
Won ICD 10 transformation deal with Blue Shield of California.
Partnered with Cisco to open South Africa Centre of Excellence.

2013

Signed long-term IT services agreement with Nokia.
Signed multi-year, multi-million dollar partnership with Cobham Plc.
To provide business transformation services to Husqvarna Group.
Received Pegasystems Healthcare Partner Excellence Award.
Opened Michigan Technology Development Center.
Won ITSMA Diamond and Gold Awards for Marketing Excellence.
Received PHD Chamber Good Corporate Citizen Award.

2014

Received Best Governed Company Award from Asian Centre for Corporate Governance.
Won CNBC-TV18 India Business Leader Award for Outstanding Company.
Won HR Excellence Award.
Launched CTO Straight Talk.

2015

Opened Global Delivery Centre in Oslo.
Opened new Global Delivery Center in Frisco, US.
Certified as Top Employer in UK for ninth consecutive year.
Formed strategic alliance with Tele2.
Launched cXstudio with Aegon.
Celebrated 10 years of engagement with Merck & Co.
Entered Asset Purchase Agreement with Trygstad.
Won five-year IT Managed Services contract with SAI Global.
Announced United Xperience Lab for digital co-innovation.
Acquired US-based PowerObjects.
Allotted bonus shares in 1:1 ratio.

2016

Bagged global IT transformational deal from Alstom.
Acquired workplace modernization provider P2P.
Acquired stakes in two major companies.
Won Everest Group Service Provider of the Year.
Signed IT contract with Husqvarna AB.
Bagged NLP award at AIconics awards.
Won contract from Synergy.
Awarded major IT contract by Western Australia energy retailer.
Won Best Testbed Award by IoT Solutions World Congress.

2017

Acquired Butler America Aerospace, LLC.
Positioned by Zinnov as leader for digital services in retail.
UBS AG renewed global finance operations deal.
Positioned by Everest Group as leader for retail banking BPO.
Named fastest growing IT services brand.
Certified as Top Employer in UK for eleventh consecutive year.
Announced HCL Technologies Grant 2017 winners.
Won Everest Group Service Provider of the Year award.
Renewed IT services engagement with Singapore Exchange.
Recognized as leader in IAOP Global Outsourcing 100.
Joined Duck Creek Global Alliance Program.
Achieved AWS Storage Competency status.
Launched A.I.-powered transformation platform.
Entered strategic partnership with Alpha Insight.

2018

Bagged IT infrastructure services contract from Cadent.
Named leader for digital services by Everest Group.
Unveiled flexible 5G and mobile backhaul solution.
Signed deal with Statkraft.
Opened state-of-the-art technology development center.
Acquired C3i Solutions for $60 million.

2019

Won NASSCOM BPM Customer Excellence Awards.
Collaborated with IBM to accelerate hybrid cloud journey.
Announced acquisition of US-based Strong-Bridge Envision.
Expanded strategic partnership with Xerox.
Partnered with Google Cloud for hybrid cloud services.

2020

Launched dedicated Microsoft business unit.
Announced entry into Sri Lanka with global delivery center in Colombo.
Opened first Innovative Cybersecurity Fusion Center in Europe.
Named Leader in Gartner Magic Quadrant.

2021

Inked 5-year Digital Workplace Services agreement with Airbus.
Announced special bonus to employees.
Inked multi-million dollar deal with UD Trucks.
Recognized as Leader in Edelweiss ESG Scorecard & Ratings.
Inked multi-year agreement with Fiskars Group.
Announced strategic partnership with The Mosaic Company.
Named to World's Best Employers List.

2022

Launched new brand positioning 'Supercharging Progress'.
Partnered with Purdue Global for higher education program.
Expanded partnership with Google Cloud.
Achieved SAP certification for IMRO/4 integration with SAP S/4HANA.
Partnered with SR Technics to digitally transform operations.
Named Technology Company of the Year.

2023

Announced acquisition of German automotive engineering services company ASAP Group.
Rated as leader in ISG Provider Lens - Analytics Services, US.

2024

Completed acquisition of Communications Technology Group assets from HPE.
HCL Foundation and UPNEDA signed MoU for green projects in rural areas.
AquaSphere solution won SAP Pinnacle Award.
Launched AI Force to accelerate time-to-value in software development.