HCL Technologies Limited (HCLTech) is a global technology company and India's third-largest IT services company by revenue and market capitalization. The company is home to more than 220,000 people across 60 countries, delivering industry-leading capabilities centered around digital, engineering, cloud and AI, powered by a broad portfolio of technology services and products.
Founded in 1991 as a spin-off from the original HCL Group, HCLTech was established by Shiv Nadar and his team of entrepreneurs. The company is headquartered in Noida, India, and has evolved from its hardware roots to become a leading provider of software services and digital transformation solutions.
HCLTech reported consolidated revenues of $13.8 billion for the 12 months ending March 2025. The company announced strong Q4 FY25 results with an 8% increase in net profit to Rs 4,307 crore. Revenue for Q4 FY25 jumped 6.16% year-over-year to Rs 30,695 crore, while net profit increased 8.1% to Rs 4,309 crore for the same period.
The company's financial health remains robust with several key metrics:
- Operating profit margins stood at 22.0% in FY24, compared to 22.3% in FY23
- Net profit margins were 14.3% in FY24, down from 14.6% in FY23
- The company is almost debt-free
- Stock provides a dividend yield of 3.13%
- The Board declared an interim dividend of Rs 18 per share for Q4 FY25
As of July 2025, HCLTech has a market capitalization of Rs 4,68,351 crore, making it one of the most valuable IT services companies in India.
HCLTech operates through three main business segments: IT and Business Services (ITBS), Engineering and R&D Services (ERS), and HCLSoftware. The majority of the firm's revenue comes from the IT and Business Services segment.
The company's comprehensive service portfolio includes:
- Digital offerings that enable enterprises to increase business resilience, improve operational efficiency and deepen client engagement
- Engineering and R&D services that empower enterprises to improve time-to-profit, accelerate product development and maximize return on innovation
- CloudSMART offerings and services that enable organizations to optimize cloud to accelerate innovation and agility at scale
- AI and GenAI solutions to automate and accelerate business processes
HCLTech works with clients across all major verticals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, Technology and Services, Telecom and Media, Retail and CPG, and Public Services. Geographically, the company derives maximum revenue from America and the rest from Europe, India, and the Rest of the world.
HCLTech operates in 60 countries and has more than 200 delivery centers and 150 innovation labs, providing a strong global infrastructure to serve its diverse client base.
HCLTech has emerged as the fastest-growing IT services brand with a ~16% YoY growth in brand value among the top 10 IT companies globally, as per the 2024 Brand Finance Global 500 and IT Services Top 25 Report. The company has achieved several significant milestones:
- HCLTech crossed $10B in revenue, making it the fastest technology services company to reach the milestone
- The company is ranked at #30 in Forbes' list of the World's Best Employers
- HCLTech emerged as the top-ranked company globally in the Professional Services sector in Forbes' list of the "World's Best Employers"
HCLTech continues to strengthen its market position through strategic partnerships and acquisitions. The company has partnered with OpenAI for multi-year AI collaboration, integrating AI across offerings and internal use. In May 2024, HCLTech announced the acquisition of select assets of Communications Technology Group, a business division of Hewlett Packard Enterprise (HPE), for $225 million.
The company has also expanded its capabilities through recent partnerships, including strategic partnerships with E.ON and ASISA to enhance digital transformation and cloud services, and a strategic collaboration with Volvo Cars to enhance engineering services.
Promoter holding in HCL Technologies has remained stable at 60.81% as of March 2025, indicating strong management confidence in the company's direction and future prospects.
