HCL Technologies Ltd (HCLTECH) Share Price

HCLTech is among India’s largest Information Technology service companies. The firm is headquartered in Noida, Uttar Pradesh. HCLTech is primarily known for providing software development, engineering and outsourcing services and solutions to various clients across the world. The company started in 1976 with the founding of Hindustan Computers Limited (HCL). Originally, HCL Technologies was the research and development division of HCL. HCL Technologies was given life when it was spun off from HCL in 1991. The company was established as HCL Overseas Limited in order to provide software services. Three years later, the company’s name was changed to HCL Consulting Limited. HCL Consulting Limited provided IT services to various clients in the US, Europe and Asia-Pacific. 1999 was an important year for the company. It changed its name to HCL Technologies and launched its Initial Public Offer (IPO). Thus HCL Technologies’ shares were listed on the National Stock Exchange (NSE) as well as the Bombay Stock Exchange (BSE). In the 2000s, HCL Technologies expanded as it acquired several firms including US based Gulf Computers in 2002, UK based IT services company Axon in 2008 and US-based IT services company Control Point Solutions in 2008. In 2018, HCL Technologies expanded its capabilities in security, marketing, and commerce fields with the acquisition of the software products business of IBM. The company underwent another rebranding exercise in 2022 and changed its name to HCLTech. As of March 2022, HCLTech is among the biggest IT services companies in the world. The company has a presence in 50 countries with over 209,000 employees. 

Products and services 

HCLTech primarily operates in the areas of IT services, engineering, R&D and digital solutions. It offers multiple products and services in these areas. Under its IT services business, HCLTech offers application development and maintenance services, enterprise application services, digital and analytics services and infrastructure management services. HCLTech also offers engineering services, R&D services and business services. HCLTech lends its engineering and R&D services to fields including but not limited to aerospace and defence, automotive, consumer electronics and industrial manufacturing, among others. Apart from this, HCLTech provides digital solutions in several areas including customer experience, marketing automation and many more. Products offered by HCLTech include HCL Digital Experience, HCL Commerce, HCL OneTest, HCL Volt MX and HCL BigFix. 

Listing 

HCL Technologies is listed on a number of stock exchanges like BSE, NSE, Calcutta Stock Exchange, Delhi Stock Exchange, Madras Stock Exchange etc.  HCL Technologies is a part of multiple indices like Nifty 50, Nifty 500, S&P BSE Sensex etc.