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Company History - HCL Technologies

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 the Company 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 the 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 Company has one of the 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 and scalability as well as the relatively lower cost of software development in India. 1998 - The Company started addressing the markets in Europe and Asia Pacific. - The company has a rich heritage in technologies like the Internet and e-Commerce, networking and internetworking, Internet telephony, telecom, embedded software, ASIC/VLSI design and testing, satellite communication, wireless communication and component based object technologies like COM, DCOM and CORBA. - The Company 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 Company also offers strategic methodology consulting led services through its wholly owned subsidiary Intelicent Inc. to global organisations. 1999 - The company 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 and Fixed Price Portion of 14,20,000 equity shares. - The company announced on November 11 that it has signed a

HCL Comnet.HCL Technologies has created wholly-owned subsidiaries to cater to specific geographic regions. in India. Conexant Inc. a wholly owned subsidiary of HCL Technologies will invest Rs. particularly internet technology. . to act as a distributor for the latter's customised software. Its major subsidiary is HCL Technologies America.HCL Technologies. 20 crore in the next one year to set up a network operation centre in Delhi and has tied up with Hewlett Packard.HCL Technologies has approved. .HCL Technologies has entered into a tie-up with BroadVision Inc. 100 per cent owned by the company. 2000 .Goldman Sachs has rated Infosys Technologies and HCL Technologies . a supplier of process control and yield management solutions for the semiconductor and related microelectronics industry.The Company has set up a dedicated offshore development centre in Chennai for KLA-Tencor Corporation. support. has invested in five venture capital funds that specialise in high technology. . .HCL Infinet Ltd.The Company will set up an offshore development centre for the . . in a move to further strengthen its position in the infotech sector. . . the Shiv Nada controlled software major. has decided to extend its product base and focus on a range of high value-added products and services. . related areas. services. maintenance and other related activities. the wholly-owned subsidiary of HCL Technologies in association with its new partner Globeset Inc.HCL Technologies. 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. . .HCL Comnet. a provider of personalised e-business applications.1-billion semiconductor company. infotech company HCL Technologies is in the process of acquiring companies in both Europe and the US as part of its expansion drive.five-year contract with Gtech and Kla Tencor..Armed with 0 million incash reserves. subject to necessary approvals. the new Internet services subsidary of HCL Infosystems. is scouting for large Internet Service Providers and payment gateways in India to introduce Net security management solutions. to split each equity share of Rs 4 into two equity share of Rs 2 each. .

for the Japanese company. a fully-owned subsidiary of HCL Technologies. second among the chain of centres planned by the company across the country. . is now backing them up . 2001 .as market outperformers and amongst the best quality names in the industry.HCL Technologies October 29 announced that it would pick up 100 per cent stake in Northern Ireland-based IT-enabled services company Apollo Contact Centre in two phases.HCL Technologies has entered into a strategic alliance with Nasdaq-listed Vitesse Semiconductor ot develop software solutions for global networking markets.HCL InfiNet has been rated the best among 16 Internet service providers by ZDNetIndia. store automation and payment system.HCL Perot. . In the first Nadar-promoted HCL Technologies Ltd is looking at the possibility of opening a software technology development centre in China..HCL Comnet Systems & Services Ltd. would pay . .The Company signed an agreement with Toshiba Information Systems of Japan to set up an offshore development centre in India. to develop customer relationship management. . . . a joint venture of HCL Technologies. HCL Technologies would pick up 90 per cent stake in Apollo Contact Centre for .The Company has signed a five-year strategic partner agreement. a technology portal and magazine.Initially. .5 million either directly or through any of its subsidiaries to acquire 90 per cent equity in Apollo Contact Centre.5 million from British Telecom (BT).The Company launched the second Nokia professional centre in New Delhi. the owner of Apollo Contact Centre. . .The Company is setting up a dedicated offshore centre for Vitesse Semiconductor for design and application support services. . which already has two levels of re-dundancy in Delhi and Bangalore.HCL Technologies Ltd will be acquiring about 40 per cent equity stake in an Indian networking product company as part of its incubation programme. is entering into the business of Web-enabling applications through the launch of demand-chain management solutions. HCL Technologies. with NCR Corp.

especially in the areas of Investment Banking. 2002 announced a 100% acquisition of Gulf Computers Inc. wherein the Company has identified the retail vertical as a high focus area. as member on its board of directors. 2002 that it has entered into a joint venture with m. 2002 . a Fortune 500 Company. management consultant with McKinsey and Co. HCL Infinet Ltd -Receives 0 ml BPO deal from BT Group. on August 19. -HCL technologies Ltd has informed BSE that Mr Vineet Nayyar. partners . Mr Cyril Shroff & Mr Subroto Bhattacharya. 2002 announced a strategic alliance with Sento Corporation. -HCL Technologies Ltd announced on August address software services opportunities in Global Finance Markets. -HCL Tech. 2003. to enhance Enterprise Application Integration expertise -Signs agreement with SuperH Inc.a. the leading supplier of multimedia reduced instruction set computing (RISC) central processing unit (CPU) cores.. It is setting up a development centre in Woking. a USA based company.a management consulting firm . 2002. UK's telecom service provider . -Partners with Alayance.a. The Board of Directors has been expanded with the induction of three new members.HCL Technologies Ltd on June 1. Inc. The joint venture is a pioneering initiative. a US based customer contact solutions Company. enabling the company to become the first member of the 'SuperH Design Agency' Program -Members approve Scheme of Arrangement between the Company. Worldwide. in synergy with HCL Technologies rebalanced business portfolio and growth strategy. Director has resigned as Director of the Company with effect from on December 19. leading global IT services company. HCL Infosystems Ltd.with centres in the UK and US. an increased surge in IT spending in the retail segment is manifesting itself and the market is expected to grow to USD 35 billion by 2005. partners brings a wealth of domain expertise and clients including many of the top Global Investment Banking firms. USA. Jones Apparel Group. Asset Management and Private Banking.HCL Technologies Ltd announced the formation of a strategic technology joint venture with Jones Apparel Group. Inc. 2003 -HCL Technologies Ltd has informed BSE that Mr Anupam Puri Director resigned from the Board wef May 08. South of London and plans to add another in Dellas by the end of the year.HCL Technologies today announced the appointment of Anupam Puri. . . m.Mr Amal Ganguli. to the JV.

2003 and it was furthur resolved at the meeting not to fill in the vacancy caused by his retirement. Director of the company. HCL Technologies Ltd.owned flagship of HCL Technologies. -Hcl Technologies Ltd has informed that the shares of the Company have been delisted from Delhi Stock Exchange (DSE) wef January 23. This is for an all cash consideration. 2004. to offer expert design services for leading edge integrated circuit designs -High Court sanctions Scheme of Arrangement between HCL Infosystems.year.each fully paid up to the shareholders of HCL Infosystems Ltd. -US firm acquires HCL's equity in Joint Venture -Hcl Technologies Ltd has informed that Ambassador Richard Burt.154 equity shares of Rs 2/. -HCL Tech Sets up Insurance Solutions Center in Chennai . multi. and HCL Infinet -Joins the Xperts program of Xilinx Inc (Nasdaq:XLNX). HCL Technologies.075. the Merger Committee of HCL Technologies Ltd on August 30.million dollar collaborative IT co-sourcing contract with AMD. as approved by Hon'ble High Court of Delhi. a leading supplier of integrated circuits for the personal and networked computer and communications markets -Pursuant to Scheme of Arrangement between HCL Infosystems Ltd. -Registered Office changed to Nehru Place. secures Rs 31 crore network management order from National Insurance Corporation (NIC) -Partners with Magma Design Automation Inc. to provide implementation support for customer projects -Wins mandate from Airbus Industries for the development of embedded software for the system data acquisition computer of the A-340 flight warning system -HCL Comnet. 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. a wholly. has retired by rotation at the Annual General Meeting of the Company held on December 20. the worldwide leader of programmable logic solutions -Signs a multi.-Inks pact with Questa Corp. 2003 allots 7. HCL Infinet Ltd and their respective shareholders and creditors.5 per cent equity shares of erstwhile HCL Perot Systems (HPS) from their joint venture known as Aircom HPS Wireless Services (AHWS).3 Mn. 2004 -has formally announced that it has bought out the 49.

Japan announce strategic partnership -HCL's Infrastructure Services Division ranked a 'Strong Performer' in Remote Infrastructure Management by an International Research firm .Signs MoU with the Supercomputing Facility for Bioinformatics and Computational Biology (SCFBio) at IIT Delhi to work collaboratively on high-end projects in the area of drug discovery and development including genomics and protemics projects.f. a world leader in delivering software and services that enable businesses to manage their enterprises and maximize the value of their IT assets. 2004) announced that the Company has been conferred the prestigious Excellence in Education Award for 2004 by the Life Office Management Association (LOMA) . Tokyo -HCL Technologies Ltd today (July 13. -HCL Technologies Ltd has informed that the Company has on May 18. 2004. a division of IBM.-HCL Technologies has entered into a strategic tie-up with IBM Rational Software.BPO delivery centre in Chennai gets BS7799 certification. by the British Standards Institute (BSI) on August 27.e. -SEBI ties up with HCL Technologies for market surveillance solutions -HCL Technologies forms joint venture with NEC. 2005 . 2004 -Introduces CrosSView.Enters into an agreement with Agere Systems a global leader in semiconductors for storage. . . -Delist from the Madras Stock Excahnge Limited (MSE) w. Japan -HCL Technologies launches easy Labelling Solution for US FDA's SPL -HCL Technologies & Talent & Pro enter into partnership to provide solutions in Banking. wireless data and public and enterprise networks. December 22. 2004 announced the appointment of Stuart Drew as Director (Europe) Global Insurance Practice -HCL Technologies display new set of software solutions based on Microsoft's 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.Forms partnership with Compuware Corporation. Insurance & Financial Domain to Europe -HCL Technologies & EXA. a framework based Computer Systems Validation (CSV) methodology for the development of robust software applications in the Life Sciences arena. to strengthen its software development capabilities.

President of the Company will assume the CEO chair with effect from October 16. 2007 announced a US million contract with Alenia Aeronautica. -HCL Technologies Ltd has announced that Vineet Nayar. Media & Entertainment in North America. -HCL Technologies has forayed into an alliance with 0 million Saudi Arabian company Advanced Electronics Company (AEC) to implement IT projects in West Asia. 2007. a Riyadh-based Economic Offset Program Company. -HCL Technologies Ltd on June 18. Shiv Nadar will be the Chairman and Chief Strategy Officer of the Company.2006 -HCL Technologies & Qumas signs distribution agreement -HCL Tech joins hand with Wavesat -HCL Technologies Launches RoHS Compliance Management System For Medical Device Users -HCL enters m outsourcing deal with Teradyne of US -HCL Launches Trusted ICT Infrastructure Platforms for BPO-ITeS Segment -HCL appoints Karan Puri Sr. -The Company has issued Bonus Shares in the Ratio of 1:1. to provide engineering services that will support the improvement of the C-27J Spartan production line. 2008 -HCL to acquire British BPO firm -HCL BPO to adopt non-linear growth strategy -HCL completes acquisition of UK's Axon . -HCL Technologies & Sage sign Alliance to develop Private Wealth Management Solutions -HCL Technologies Ltd has inked pact with Canada based electronics manufacturing services company Celestica Inc to jointly design and manufacture electronic products for global original equipment manufacturers (OEMs) 2007 . Vice President of Retail.HCL Technologies forms strategic alliance with Eckler to strengthen Insurance Domain expertise -HCL Technologies Ltd and Advanced Electronics Company (AEC). have signed an agreement to implement IT (Information Technology) projects in Saudi Arabia.

-HCL signs a Rs 393 crore. a Texas-based. North America and -HCL Technologies opens Global Development Center in Brazil to service growing client base in Latin America.HCL Tech .S. a Utility Web Enablement Solution for Customer Billing and AMI . North America 2010 . for providing intelligent shopfloor solutions to automotive manufacturers.-HCL wins over Axon board for takeover bid -HCL Technologies Launches First-of-its-Kind on-Demand Software Testing Lab 2009 .HCL Technologies has announced a partnership with nMatric of the U.HCL AXON Launches. privately-held energy company. . iControl. 7 year end-to-end IT Services engagement with National Insurance Company -HCL Tech gets outsourcing contract from MTV Networks -HCL Signs a five year engagement with Energy Future Holdings for IT Infrastructure Management Services -HCL receives the International Investor of the Year Prize -HCL Technologies Emerges as a Most Admired Knowledge Enterprises (MAKE) Winner -HCL Technologies opens Global Development Center in Brazil to service growing client base in Latin America.HCL Technologies has entered into a five-year transformational IT infrastructure management engagement with the Energy Future Holdings Corporation (EFHC).

Management .HCL Tech Name Shiv Nadar Robin Abrams Amal Ganguli Sudhindar Krishan Khanna S Shankara Sastry Name Vineet Nayar Subroto Bhattacharya R Srinivasan Srikant M Data Sudhindar Krishan Khanna Designation Chairman & Managing Director Non Executive Director Non Executive Director Additional Director Additional Director Designation Vice Chairman & Whole Time Dir Non Executive Director Non Executive Director Additional Director Additional Director .