HCL is a multinational IT company based in India. The headquarters of the company is located in Uttar Pradesh. This is a subsidiary of HCL Enterprise. The company was initially into research and development activities. However, the company emerged to become an independent company in the year 1991.
As of now, HCL is one of the most prominent companies that you can find around the world. In fact, the company is available in 44 different countries. The company’s offices are located in the United States, the United Kingdom, Germany, and France. The research and development company was transformed into innovation labs. Delivery centers and the company has got a total number of almost 148,000 employees working. It is one of the fortune 500 companies as well.
You can find the operations of HCL across many different business entities. They include capital markets, banking, automotive, defense, process industries, and chemicals as well. On the other hand, it offers life sciences, insurance, consumer goods, and industrial manufacturing. HCL is one of the largest publicly traded companies that you can find in India as well. It has a total market capitalization of more than $21 billion.
History of HCL
HCK Enterprise was discovered back in the year 1976. It was six engineers who could contribute towards the initial development of the company. All these employees were from Delhi Cloth and General Mills. Shiv Nadar led the team. The company’s first three subsidiaries were HCL Healthcare, HCL Infosystems, and HCL Technologies. During the initial days, the company focused heavily on the development of hardware. However, they were not able to get the most results out of the hardware arm. That’s the main reason why the company is currently focusing on software. The software arm of HCL is delivering positive results. The company thrives because of the software arm.
During the year 2007, HCL was able to secure a massive revenue of around $4.9 billion. They were able to increase the revenue of up to $6.5 billion by the year 2017. During the past three years, the company could experience massive growth. Diversification of the product and service offerings contributed heavily towards the company’s development within the past few years.
Back in the year 2019, HCL was able to purchase a few products offered by IBM. In fact, HCL could purchase the complete ownership of the research and development arm of App Scan. In addition to that, HCL could acquire Connections, BigFix, and Notes Domino as well.
Acquisitions of HCL
One of the strongest facts that have contributed to the success of HCL is acquisitions. The company has the habit of acquiring other companies throughout the past. The company has been able to maintain a strong reputation throughout the past by acquiring companies as well. They include some of the most prominent companies.
When you take a look at the acquisitions of HCL from the past, you will figure out that the company has acquired companies that belonged to a variety of industries. For example, the company purchased Capital Strea Inc. in the year 2008. It provided business process automation services. Along with the purchase, the company could offer BPO services. In the same year, HCL could purchase Liberata Financial Service, which offers BPO services as well.
HCL purchased numerous companies that offer SAP consulting services as well. Axon Group PLC and UCS Group Enterprise are a couple of examples of such companies.
From its inception, HCL has been specializing in the offering of services as an IT company. However, the company purchased a few other IT companies in the past as well. These purchases helped the company to strengthen further the IT services that are offered to the customers.
Likewise, HCL has been able to purchase more than 20 different companies in the past. This provided great overall assistance for the company to expand the customer base and enhance its presence on the market.
Partnerships of HCL
Apart from the acquisitions, HCL has been able to get into multiple partnerships with other companies. These partnerships provided great assistance to the company by further extending the services and products offered to the customers. One of the most prominent partnerships that HCL has been able to get in the past is where they got into a partnership with Dell in 2015. It has a strategic distribution partnership that offers HCL Infosystems.
In the year 2018, Trans Grind went ahead and signed a five year managed service partners. This partnership is along with HCL technologies to deliver IT services as well as outsourced support services. These services are offered through the outsourcing teams that are located in Australia.
Operations of HCL
Business operations of HCL can be found in 44 different countries out there in the world. Out of them, the headquarters is located in a city called Noida in India. The company has establishments in Malaysia, Japan, Israel, Hong Kong, China, Australia, United States, United Kingdom, Switzerland, and many other countries out there in the world.
The offices in these countries are offering numerous business lines. They include system integrations, application services, and BPO business services as well. On the other hand, it offers delivery centers that are located in India.
HCL offers research and development services as well as engineering services. These services are innovative, and they can take the solutions to the next level. The brand’s future-driven solutions are in a position to take the business to the next level.
In the recent past, HCL started developing products that are related to IoT. Likewise, the company focuses heavily on the offering of solutions that are offered to future technologies. They are in a position to take the business to the next level as well. Hence, HCL will be able to enhance its brand prominence in the future.
Link – https://www.hcltech.com/