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HCL Technologies history
HCL Technologies company history timeline
At HCL, innovation is not just another word, it’s part of our organizational heritage and DNA - a journey that began in 1976 and continues to power us ahead even today.
Developed the first indigenous micro-computer in 1978, at the same time as Apple
Developed a fine grained UNIX multi-processor in 1988 — three years ahead of Sun and HP
HCL Technologies was founded on November 12, 1991 and is headquartered in Noida, India.“
HCL Technologies Limited is a multi-national company into Information Technology Services. It was hived off as a separate legal entity in 1991, when the parent company ventured into the software services business.
The company received the certificate of commencement of business on February 10 1992.
HCL TalentCare is the fourth and latest venture of HCL Corporation. It received the certificate of commencement of business on 10 February 1992 after which it began its operations.
In July 14 1994 the name of the company was changed to HCL Consulting Ltd.
In the year 1996 the company formed a 50:50 joint venture namely HCL Perot Systems NV with Perot Systems Corporation to provide access to high value client base of Perot Systems.
The company started to create wholly owned subsidiaries to cater specific geographic regions from the year 1999.
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.
In the year of 2000 the company set up a dedicated offshore development centre in Chennai for KLA-Tencor Corporation a supplier of process control and yield management solutions for the semiconductor and related microelectronics industry.
Through its worldwide network of R&D facilities and co-innovation labs, global delivery capabilities, and over 208,000+ ‘Ideapreneurs’ across 52 countries, HCL delivers holistic services across industry verticals to leading enterprises, including 250 of the Fortune 500 and 650 of the Global 2000.
In the year 2001 the company entered into a strategic alliance with Nasdaq-listed Vitesse Semiconductor to develop software solutions for global networking markets.
- HCL Technologies Ltd on June 1, 2002 announced a 100% acquisition of Gulf Computers Inc, USA.
-HCL Technologies Ltd has informed BSE that Mr Anupam Puri Director resigned from the Board wef May 08, 2003.
M.A. Partners brings a wealth of domain expertise and clients including many of the top Global Investment Banking firms to the JV. In the year 2003 BT Group UK's telecom service provider gave a contract worth of $160 million for BPO service operations.
- BPO delivery centre in Chennai gets BS7799 certification, by British Standards Institute [BSIs] on August 27, 2004
In February 2005 the company acquired an Irish Call centre and this acquisition establishes the company's position as the single largest BPO Centre operation on the Island of Ireland.
Worldwide, an increased surge in IT spending in the retail segment is manifesting itself & the market is expected to grow to USD 35 billion by 2005.
-HCL Technologies Ltd on June 18, 2007 announced a US $15 million contract with Alenia Aeronautica, to provide engineering services that will support the improvement of C-27J Spartan production line.
During the year 2007-08 the company incorporated their wholly owned subsidiary viz.
HCL Jones Technologies (Bermuda) Limited will be wound up.During the year 2008-09 the company acquired all the capital stock of Axon Group Ltd (formerly known as Axon Group Plc) a leading UK based SAP consulting company for a cash consideration of Rs.
The company set up their branches in Dubai UAE Helsinki Portugal Finland and Macau during the year ended June 30 2009 while the branch in Russia was set subsequent to June 30 2009.
HCL Technologies Norway AS. Also they set up their branch office in USA. During the year 2010-11 as per the scheme of amalgamation HCL Technoparks Ltd a wholly owned subsidiary of the Company was amalgamated with the company with effect from August 27 2010.
In February 2012 the company signed an agreement with State Street Bank and Trust Company (State Street) to provide business process outsourcing services in support of a variety of State Street's investment services businesses.
HCL partners with Cisco to open South Africa Centre of Excellence (GCoE) in Johannesburg.In 2013 HCL Technologies signed a long-term IT services agreement with Nokia.
The company acquires US based PowerObjects.On 17 November 2015 HCL Technologies announced that it had won an Application Development and Maintenance contract from Deutsche Bank.
As of financial year 2015, its revenue stands at US$5.92 billion.
On 2 March 2016 HCL Technologies announced that it had won a five year Next-Generation Information Technology Outsourcing contract from Husqvarna AB a leading manufacturer of outdoor power products including robotic mowers garden tractors chainsaws and trimmers.
On 1 April 2016 HCL Technologies announced an agreement to acquire (through demerger) all of the business of Geometric Limited except for the 58% stake that Geometric owns in the joint venture 3 DPLM Software Solutions Ltd. with Dassault Systemes.
On 17 June 2016 HCL Technologies announced that it had signed a strategic IT partnership contract with LeasePlan a global fleet management and driver mobility company of Dutch origin.
The world’s largest association dedicated to those who develop talent in organizations – Association for Talent Development (ATD) – honored HCL with ‘2016 Excellence in Practice Award’ for Career Development.
On 20 March 2017 HCL Technologies announced that it has been chosen as the strategic IT services provider to the Volvo Ocean Race the world's longest professional sporting event.
On 14 November 2017 HCL Technologies (HCL) announced that it had won a five-year IT infrastructure services contract from Jardine Lloyd Thompson Group (JLT) one of the world's leading providers of insurance reinsurance and employee benefits related advice brokerage and associated services.
At the ‘2017 QA Financial European Software & App Awards’, HCL & Deutsche Bank were jointly awarded under the category of ‘Regulatory Testing Project of the Year’, for pioneering DevOps solution for FATCA compliance among European banks
At the ‘National CSR Leadership Congress & Awards 2017’, presented by the World CSR Congress, HCL Foundation has been conferred with ‘Best Innovation in CSR’ award for its role in promoting a more sustainable and equitable society
HCL Technologies recognized as a ‘leader’ in the IAOP Global Outsourcing 100TM rankings for 2017, an annual listing of the world’s best service providers by the IAOP
HCL has been honored with ‘Partner of the Year’ awards at the Dell EMC Global Partner Summit – ‘2017 Dell EMC Americas Alliances Partner of the Year Award’, and ‘2017 Dell EMC Global Alliances Growth Partner of the Year Award’, recognizing HCL’s growth and commitment across the Dell EMC portfolio
The following are the awards and recognition of HCL gained during FY18 (the financial year 2018):
HCL recognized as a leader in Everest Group report titled “Navigating from Front to Back – Digital Services for Consumer Banking PEAK Matrix Assessment 2018 and Profiles Compendium”
As on 31 March 2019 the company has 133 subsidiaries and 8 associate companies under its roof.During the FY 2019-20the company has launched a dedicated HCL Microsoft Business Unit focused on Microsoft Technologies.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Tech Mahindra | 1986 | $5.1B | 141,193 | 23 |
| UST Global | 1998 | $4.3B | 30,000 | - |
| Polaris Software Lab India Limited | - | $78.0M | 300 | 1 |
| V-Soft Consulting | 1997 | $120.1M | 190 | - |
| Atos | 1988 | $923.8M | 104,430 | 96 |
| HTC Global Services - Official Page | 1990 | $737.5M | 11,000 | - |
| YASH Technologies | 1996 | $300.0M | 6,464 | 31 |
| Marlabs | 1996 | $160.0M | 2,300 | 10 |
| NIIT Technologies | 2004 | $366.5M | 21,000 | - |
| Diaspark | 1995 | $22.0M | 515 | 3 |
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Zippia gives an in-depth look into the details of HCL Technologies, including salaries, political affiliations, employee data, and more, in order to inform job seekers about HCL Technologies. The employee data is based on information from people who have self-reported their past or current employments at HCL Technologies. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by HCL Technologies. The data presented on this page does not represent the view of HCL Technologies and its employees or that of Zippia.
HCL Technologies may also be known as or be related to HCL Technologies, HCL Technology and Hindustan Computers Limited.