History of HCL Technologies Ltd.
1991 - HCL Technologies Limited was originally incorporated on 12th November, as 'HCL Overseas Limited'. The certificate of commencement of business was received on 10th February, 1992. On July 14, 1994, the name of Comp. was changed to 'HCL Consulting Limited'. The Company changed its name to 'HCL Technologies Limited' on 6th October 1999 to better reflect the line of activities of Company.
- HCL provides new technology development services to its clients.
1996
- The 50:50 joint venture with Perot Systems Corporation in the year, provided access to high value client base of Perot Systems.
- The Comp. has one of largest software development infrastructures in India. This state-of-the-art infrastructure, which comprises seven software factories, is designed to take advantage of the high productivity & scalability as well as the relatively lower cost of software development in India.
1998
- The Comp. started addressing the markets in Europe & Asia Pacific.
- The Comp. has a rich heritage in technologies like the Internet and e-Commerce, networking & internetworking, Internet telephony, telecom, embedded software, ASIC/VLSI design & testing, satellite communication, wireless communication & component based object technologies like COM, DCOM & CORBA.
- The Comp. has the capability to work with a wide variety of computing platforms ranging from Open Client Server systems comprising all flavors of UNIX, Microsoft platforms, AS/400 to enterprise servers like IBM Mainframes.
- The Comp. also offers strategic methodology consulting led services through its wholly owned subsidiary Intelicent Inc. to global organisations.
1999
- The Comp. announced its public issue on November 10th, of Rs. 1,42,00,000 neq equity shares of Rs. 4/- each. The issue includes a Book Built Portion of 1,27,80,000 equity shares & Fixed Price Portion of 14,20,000 equity shares.
- The Comp. announced on November 11 that it has signed a five-year contract with Gtech & Kla Tencor.
- HCL Technologies has created wholly-owned subsidiaries to cater to specific geographic regions. Its major subsidiary is HCL Technologies America, 100 per cent owned by company.
2000
- The Comp. has set up a dedicated offshore development centre in Chennai for KLA-Tencor Corporation, a supplier of process control and yield management solutions for semiconductor & related microelectronics industry.
- HCL Comnet, the wholly-owned subsidiary of HCL Technologies in association with its new partner Globeset Inc., is scouting for large Internet Service Providers & payment gateways in India to introduce Net security management solutions.
- The Comp. will set up an offshore development centre for the $2.1-billion semiconductor company, Conexant Inc, in India.
- HCL Comnet, a wholly owned subsidiary of HCL Technologies will invest Rs. 20 crore in the next one year to set up a network operation centre in Delhi & has tied up with Hewlett Packard.
- HCL Technologies, the Shiv Nada controlled software major, has invested in five venture capital funds that specialise in high technology, particularly internet technology, related areas.
- HCL Technologies, in a move to further strengthen its position in the infotech sector, has decided to extend its product base & focus on a range of high value-added products & services.
- HCL Infinet Ltd, the new Internet services subsidary of HCL Infosystems, has tied up with UBS Publishers' Distributors Ltd, one of the largest distributors of books in the country for its soon to be launched portal to sell books on-line.
- Armed with $300 million incash reserves, infotech Comp. HCL Technologies is in the process of acquiring companies in both Europe and the US as part of its expansion drive.
- HCL Technologies has approved, subject to necessary approvals, to split each equity share of Rs 4 into two equity share of Rs 2 each.
- HCL Technologies has entered into a tie-up with BroadVision Inc, a provider of personalised e-business applications, to act as a distributor for latter customised software, services, support, maintenance & other related activities.
- Goldman Sachs has rated Infosys Technologies & HCL Technologies as market outperformers & amongst the best quality names in the industry.
- The Comp. launched the second Nokia professional centre in New Delhi, second among the chain of centres planned by Comp. across the country.
- HCL Technologies Ltd will be acquiring about 40 per cent equity stake in an Indian networking product Comp. as part of its incubation programme.
- Shiv Nadar-promoted HCL Technologies Ltd is looking at the possibility of opening a software technology development centre in China.
2001
- The Comp. has signed a five-year strategic partner agreement, with NCR Corp. to develop customer relationship management, store automation & payment system.
- The Comp. signed an agreement with Toshiba Information Systems of Japan to set up an offshore development centre in India, for the Japanese company.
- HCL Technologies has entered into a strategic alliance with Nasdaq-listed Vitesse Semiconductor ot develop software solutions for global networking markets.
- The Comp. is setting up a dedicated offshore centre for Vitesse Semiconductor for design & application support services.
- HCL Comnet Systems and Services Ltd., a fully-owned subsidiary of HCL Technologies, is entering into the business of Web-enabling applications through the launch of demand-chain management solutions.
- HCL InfiNet has been rated the best among 16 Internet service providers by ZDNetIndia.com, a technology portal & magazine.
- HCL Technologies October 29 announced that it would pick up 100 per cent stake in Northern Ireland-based IT-enabled services Comp. Apollo Contact Centre in two phases. In the first phase, HCL Technologies would pick up 90 per cent stake in Apollo Contact Centre for $11.5 million from British Telecom [BTs], the owner of Apollo Contact Centre.Initially, HCL Technologies, would pay $11.5 million either directly or through any of its subsidiaries to acquire 90 per cent equity in Apollo Contact Centre.
- HCL Perot, a joint venture of HCL Technologies, which already has two levels of re-dundancy in Delhi & Bangalore, is now backing them up with centres in the UK & US. It is setting up a development centre in Woking, South of London & plans to add another in Dellas by end of the year.
- HCL Technologies today announced the appointment of Anupam Puri, management consultant with McKinsey & Co, as member on its board of directors.
2002
- HCL Technologies Ltd on June 1, 2002 announced a 100% acquisition of Gulf Computers Inc, USA.
- HCL Technologies Ltd announced the formation of strategic technology joint venture with Jones Apparel Group, Inc. Jones Apparel Group, Inc. a Fortune 500 Company, The joint venture is a pioneering initiative, in synergy with HCL Technologies rebalanced business portfolio & growth strategy, wherein the Comp. has identified the retail vertical as a high focus area. 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 announced on August 16, 2002 that it has entered into a joint venture with m.a. partners - a management consulting firm - to address software services opportunities in Global Finance Markets, especially in the areas of Investment Banking, Asset Management & Private Banking. m.a. partners brings a wealth of domain expertise & clients including many of top Global Investment Banking firms, to the JV.
-HCL Tech, leading global IT services company, on August 19, 2002 announced a strategic alliance with Sento Corporation, a US based customer contact solutions Company.
-HCL technologies Ltd has informed BSE that Mr Vineet Nayyar, Director has resigned as Director of Comp. with effect from on December 19, 2002.
2003
-HCL Technologies Ltd has informed BSE that Mr Anupam Puri Director resigned from the Board wef May 08, 2003. The Board of Directors has been expanded with the induction of three new members- Mr Amal Ganguli, Mr Cyril Shroff and Mr Subroto Bhattacharya.
-Partners with Alayance, a USA based company, to enhance Enterprise Application Integration expertise
-Signs agreement with SuperH Inc., the leading supplier of multimedia reduced instruction set computing [RISCs] central processing unit [CPUs] cores, enabling the Comp. to become the first member of 'SuperH Design Agency' Program
-Members approve Scheme of Arrangement between the Company, HCL Infosystems Ltd, HCL Infinet Ltd
-Receives $160 ml BPO deal from BT Group, UK telecom service provider
-Inks pact with Questa Corp. to provide implementation support for customer projects
-Wins mandate from Airbus Industries for development of embedded software for system data acquisition computer of A-340 flight warning system
-HCL Comnet, a wholly- owned flagship of HCL Technologies, secures Rs 31 crore network management order from National Insurance Corporation [NICs]
-Partners with Magma Design Automation Inc. to offer expert design services for leading edge integrated circuit designs
-High Court sanctions Scheme of Arrangement between HCL Infosystems, HCL Technologies, & HCL Infinet
-Joins the Xperts program of Xilinx Inc [Nasdaq:XLNXs], the worldwide leader of programmable logic solutions
-Signs a multi- year, multi- million dollar collaborative IT co-sourcing contract with AMD, a leading supplier of integrated circuits for personal & networked computer & communications markets
-Pursuant to Scheme of Arrangement between HCL Infosystems Ltd, HCL Technologies Ltd, HCL Infinet Ltd & their respective shareholders & creditors, as approved by Hon'ble High Court of Delhi, the Merger Committee of HCL Technologies Ltd on August 30, 2003 allots 7,075,154 equity shares of Rs 2/- each fully paid up to the shareholders of HCL Infosystems limited
-Registered Office changed to Nehru Place, New Delhi
-Hcl bpo head Sujit Bakshi quits the company
-HCL announced that it has reached an agreement with Perot Systems to divest its stake in HCL Perot Systems for USD 105.3 Mn. This is for an all cash consideration.
-US firm acquires HCL equity in Joint Venture
-Hcl Technologies Ltd has informed that Ambassador Richard Burt, Director of company, has retired by rotation at the Annual General Meeting of Comp. held on December 20, 2003 & it was furthur resolved at the meeting not to fill in the vacancy caused by his retirement.
2004
-has formally announced that it has bought out the 49.5 per cent equity shares of erstwhile HCL Perot Systems [HPSs] from their joint venture known as Aircom HPS Wireless Services [AHWSs].
-Hcl Technologies Ltd has informed that the shares of Comp. have been delisted from Delhi Stock Exchange [DSEs] wef January 23, 2004.
-HCL Tech Sets up Insurance Solutions Center in Chennai
-HCL Technologies has entered into a strategic tie-up with IBM Rational Software, a division of IBM, to strengthen its software development capabilities.
-HCL Technologies Ltd has informed that the Comp. has on May 18, 2004 announced the appointment of Stuart Drew as Director [Europes] Global Insurance Practice
-HCL Technologies display new set of software solutions based on Microsoft Smarter Retailing Initiative
-HCL Tech arm ties up with Cicada
-HCL Technologies named Microsoft Global Systems Integrator Partner
-HCL Technologies unveils latest RFID based asset management solution at ESEC, Tokyo -HCL Technologies Ltd today [July 13, 2004s] announced that the Comp. has been conferred the prestigious 'Excellence in Education Award' for 2004 by Life Office Management Association [LOMAs]
- BPO delivery centre in Chennai gets BS7799 certification, by British Standards Institute [BSIs] on August 27, 2004
-Introduces CrosSView, a framework based Computer Systems Validation [CSVs] methodology for development of robust software applications in the Life Sciences arena.
-Delist from the Madras Stock Excahnge Limited [MSEs] w.e.f. December 22, 2004.
2005
- Enters into an agreement with Agere Systems a global leader in semiconductors for storage, wireless data & public & enterprise networks.
- Forms partnership with Compuware Corporation, a world leader in delivering software & services that enable businesses to manage their enterprises & maximize the value of their IT assets.
- Signs MoU with the 'Supercomputing Facility for Bioinformatics & Computational Biology' [SCFBios] at IIT Delhi to work collaboratively on high-end projects in the area of drug discovery & development including genomics & protemics projects.
-SEBI ties up with HCL Technologies for market surveillance solutions
-HCL Technologies forms joint venture with NEC, Japan
-HCL Technologies launches easy Labelling Solution for US FDA SPL
-HCL Technologies and Talent and Pro enter into partnership to provide solutions in Banking, Insurance and Financial Domain to Europe
-HCL Technologies and EXA, Japan announce strategic partnership
-HCL Infrastructure Services Division ranked a 'Strong Performer' in Remote Infrastructure Management by an International Research firm
2006
-HCL Technologies and Qumas signs distribution agreement
-HCL Tech joins hand with Wavesat
-HCL Technologies Launches RoHS Compliance Management System For Medical Device Users
-HCL enters $70 m outsourcing deal with Teradyne of US
-HCL Launches 'Trusted ICT Infrastructure Platforms' for BPO-ITeS Segment
-HCL appoints Karan Puri Sr. Vice President of Retail, Media and Entertainment in North America.
-HCL Technologies and Sage sign Alliance to develop Private Wealth Management Solutions
-HCL Technologies Ltd has inked pact with Canada based electronics manufacturing services Comp. Celestica Inc to jointly design & manufacture electronic products for global original equipment manufacturers [OEMss]
2007
- HCL Technologies forms strategic alliance with Eckler to strengthen Insurance Domain expertise
-HCL Technologies Ltd & Advanced Electronics Comp. [AECs], a Riyadh-based Economic Offset Program Company, have signed an agreement to implement IT [Information Technologys] projects in Saudi Arabia.
-HCL Technologies has forayed into an alliance with $200 million Saudi Arabian Comp. Advanced Electronics Comp. [AECs] to implement IT projects in West Asia.
-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.
-HCL Technologies Ltd has announced that Vineet Nayar, President of Comp. will assume the CEO chair with effect from October 16, 2007. Shiv Nadar will be the Chairman & Chief Strategy Officer of Company.
2007
-The Comp. has issued Bonus Shares in the Ratio of 1:1.
