HCL believes that strong corporate governance practices should be integral to all activities of its Group Companies to ensure efficient conduct of the affairs of the Companies, while upholding the core values of transparency, integrity, honesty, and accountability. The annual “Directions” meet where the CEO of HCL Technologies interacts with all employees and arrive at the strategic direction the company needs to take, and the HCL Global Meet where its customers, investors, analysts all interact together in a free flowing discussion, are just two examples of how transparency has become a part of the HCL Enterprise culture.
The HCL corporate governance practices have matured over the 32 year journey of the Enterprise; and are in compliance with the requirement of the revised guidelines on corporate governance stipulated in Clause 49 of the Listing Agreement with the Stock Exchanges.
Of more than 3,000 technology companies in the Bloomberg database, there are only seven with revenue of more than $2.5 billion, a market capitalization of more than $5 billion, and a compounded annual growth rate greater than 25 per cent during the past five years.
HCL Technologies is one of those seven companies.
What has been the source of HCL’s success during this period of economic turmoil? A combination of technical expertise and an innovative management philosophy that unleashed the innovative thinking of empowered employees.
As a $4 billion global company, HCL Technologies brings IT and engineering services expertise under one roof to solve complex business problems for its clients. Leveraging our extensive global offshore infrastructure and network of offices in 26 countries, we provide holistic, multi-service delivery in such industries as financial services, manufacturing, consumer services, public services and healthcare.
A micro-vertical strategy, built on strong domain expertise, ensures that no matter how complex a company’s business problem is, we can offer a solution that is sustainable and innovation-driven.
That innovation is fueled by Employees First, a unique management approach that unshackles the creative energies of our 82,400 plus employees, and puts this collective force to work in the service of customers’ business problems.
By engaging HCL employees in a way that allows them to deliver business value – whether it involves enterprise application services, IT infrastructure management, custom application services, engineering and R&D services, business services or enterprise transformation services – we turn technology into a distinct competitive advantage for our customers.
We call it the Employees First effect!
The success of our and our customers’ businesses, however, is part of a bigger picture. Sustainability has been and will remain a cornerstone of our global operations. We believe business growth can only be sustained when pursuits of profit are balanced with social and environmental imperatives. For example, HCL’s impact on the communities where it operates, in the form of local job creation, is central to our definition of success.
Vision & MissionVision
“To be the technology partner of choice for forward looking customers by collaboratively transforming technology into business advantage.”
“We will be the employer of choice and the partner of choice by focusing on our stated values of Employees First, Trust, Transparency, Flexibility and Value Centricity.”
About HCL Enterprise
At a time when India had a total of just 250 computers, Shiv Nadar, the founder of HCL, led a young team of eight people who passionately believed in the growth of the IT industry. That vision in 1976, born out of a Delhi “barsaati”, (akin to a garage start-up), resulted three and a half decades later into a global transformational technology enterprise.
Over the years, HCL witnessed many firsts which legitimized its status as a pioneer in modern computing. The most significant of these was the development of the first indigenous micro-computer in 1978 – at the same time as Apple and three years before IBM’s PC. This micro-computer virtually gave birth to the Indian computer industry. The 80’s saw HCL developing several know-hows in multiple areas of technology. HCL’s in-depth knowledge of UNIX led to the development of a fine grained multi-processor UNIX in 1988 – three years ahead of Sun and HP.
HCL’s journey of 35 years has been truly transformational with the enterprise creating valuable Joint Ventures and alliances with marquee partners such as Hewlett Packard, Cisco, Perot Systems, Deutsche Bank and NEC Corporation, amongst others, to drive strategic growth.
After a strong focus on manufacturing for over two decades, HCL Technologies was spun off as the information technology and software services arm of the enterprise, with listing in 1999.
Presently, HCL Enterprise comprises two companies listed in India, HCL Technologies (www.hcltech.com) and HCL Infosystems (www.hclinfosystems.in). Over a period of time, both HCL Infosystems and HCL Technologies have emerged as institutions in their own right with HCL Technologies emerging as a leading player in the IT services sector.
Today, HCL is a $6.2 billion global behemoth with 90,000 professionals from diverse nationalities, operating from 31 countries – including over 500 points of presence in India alone. From designing India’s first PC at the same time as global IT peers in 1978, to working on the Boeing Dreamliner’s airborne systems today, HCL has stayed a true pioneer of innovation and technology excellence. HCL’s range of offerings spans Product Engineering, Custom & Package Applications, BPO, IT Infrastructure Services, IT Hardware, Systems Integration, and distribution of ICT products across a wide range of focused industry verticals.
For more information, please visit: www.hcl.com
OverviewAt HCL Tech, we believe that wellness of our planet will shape the future of enterprises and businesses, just as it will influence societies and communities. Hence, caring about the planet is “good business.”
To us, sustainability involves making a real, positive and measurable impact. It is about being socially aware and environmentally conscious, about conducting business responsibly and embedding sustainability into the company’s growth strategy. We call it a business “rebalance”
From promoting an inclusive workplace to integrating sustainable solutions into our offerings, our sustainability agenda works at multiple levels. For example, HCL Technologies features in the Greenpeace “Cool IT Leaderboard,” which assesses global companies on their commitment and action on energy and climate solutions.
Our sustainability program is guided by 4 R’s – Responsible Business, Redefine Workplace, Renew Eco System and Repay Society.
We are a signatory of the UN Global Compact and its ten principles. The company’s senior management team is active in the World Economic Forum, which provides an opportunity to learn and adopt new practices and to contribute actively to public policy dialogue.
The “Power of One” is an initiative that highlights the social responsibility of individual HCL employees. Every HCL-ite is encouraged to spend at least a day every year working on a socially beneficial project in the community. The program transforms individual efforts into an avalanche of positive social activism and dovetails with HCL’s “Employees First” philosophy, which positions employees not only as value creators for the organization but also as harbingers of change.
We are now taking our mission of being a socially responsible business to the next level, by working to have a positive impact on communities in which we do business, through local job creation. As part of this effort, we recently announced a series of initiatives around building “Glocal Centres of Excellence,” with the aim of creating 10,000 jobs in the US and Europe.