Vineet Nayar

Born 1962

Nationality India

Citizenship India

Education BE, MBA

Alma mater XLRI

Chief Executive Officer of HCL

Known for
Technologies

Predecessor Shiv Nadar

Spouse Married

Website

http
Vineet Nayar is an Indian business person, IT executive, the CEO, Vice Chairman and
Wholetime Member of the Board of Directors of HCL Technologies.

Contents
[hide]

 1 Education
 2 Career
 3 Awards and honors
 4 "American Graduates are Unemployable" comment
 5 References
 6 External links

[edit] Education
Vineet Nayar was born in 1962.[1] Nayar received his bachelor's degree in engineering from
Govind Balabh Pant University in 1983. Nayar received his business management degree
from XLRI, Jamshedpur in 1985 and joined HCL as a Senior Management Trainee (SMT)
from campus.

[edit] Career
Nayar started his journey with HCL in 1985 after completing his engineering and
management degree. After spending seven years in engineering, product management, sales,
and marketing positions at HCL, he founded HCL Comnet in 1994, to provide IT
infrastructure and many networking services.[2]

Nayar was appointed president of HCL Technologies in April 2005 by HCL chairman and
founder Shiv Nadar. Nayar went on to reshape the organization with his 'Employee First,
Customer Second' philosophy, which placed the needs of the employee before those of the
customer. The strategy was created to drive an inverted organization structure, create
transparency and accountability within the organization and encourage a value-driven culture.

Nayar was later appointed as CEO of the company in October 2007. On October 20, 2010,
Nayar was named Vice Chairman of HCL Technologies.

David G. Thomson, author of the business book, "Blueprint to a Billion: 7 Essentials to

Achieve Exponential Growth," dedicated an entire chapter of his book as a case study on
HCL's management practices, led by Nayar.[3]

Nayar hosts his own blog. [4] Additionally, he is amongst a group of discussion leaders invited
by Harvard Business Review to host a regular blog. [5]

Nayar is the author of the book Employees First, Customers Second: Turning Conventional
Management Upside Down (Harvard Business Press, June 2010)
[edit] Awards and honors
Nayar's 'Employee First' philosophy, HR policies and belief in value-based leadership have
been frequently recognized by leading organizations worldwide. Honors include:

 Fortune has called Nayar’s leadership “the world’s most modern management style”
 London Business School has called Nayar the “leader of organizational innovation”
 IDC recognizes Nayar as having “the most cohesive and articulate vision in the IT
services sector”
 Under Nayar’s leadership, HCL Technologies made it to the fastest growing
“Business Week Top 100 Tech companies” in 2007
 Under Nayar’s leadership, HCL was awarded the 2008 Workforce Management
Optimas Award for HR Innovation in the U.S.
 In 2008, BusinessWeek ranked HCL among “the top five most influential emerging
companies ”
 HCL has been ranked as “best employer”, not only in India, but across Asia, by
Hewitt in a 2009 study
 In 2009, The CRF Foundation named HCL “Britain’s best employer” for the fourth
consecutive year
 The 2009 Global Services 100 Survey named HCL the “leader of human capital
development”
 ‘Employee First’ is a frequently-taught case study in many undergraduate course at
Harvard Business School.
 Nayar has recently been honored with the “Beacon of Hope” award at the 2009 Asha
for Education, 'Evening of Hope' Benefit Dinner in New York
 HCL Technologies was named by WordBlu as one of the 2010 Most Democratic
Workplaces
 In November 2010, Vineet was named to the Thinkers50, the definitive listing of the
world’s top fifty business thinkers.

[edit] "American Graduates are Unemployable" comment

In June 2009, Vineet Nayar created quite an uproar by commenting that American tech
graduates are unemployable. He made this comment while talking to some technology
enthusiasts and officials in New York city. When an official wanted to know why HCL, a $5
billion company with more than 3,000 people across 21 offices in 15 states, was not hiring
more people in his state, Vineet Nayar's short answer was: because most American college
grads are "unemployable." According to DailyTech, Nayar called American technology
graduates inferior to grads from countries like India and China, because they are not as
disciplined as their counterparts in these countries. Americans are more interested in
developing "the next big thing" and getting rich than in focusing on "boring" (but important)
technology and business methodologies like ITIL and Six Sigma, Nayar reportedly said. The
U.S. educational system is doing a poor job in preparing tech grads for the real world, said
Nayar, who apparently called American grads "unemployable. Mr. Nayar's comment was met
with some angry remarks in newspapers[6] and blogs.[7] Considering the fact that more than
50% of his companies revenue comes from US based clients, his remarks were bold. Mr
Nayar stood by his stance and never apologized in public.[8]
HCL Technologies
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Coordinates:

HCL Technologies

Public
Type BSE: 532281
NSE: HCLTECH

Industry IT Services

Founded 1976

Headquarters Noida, UP, India

Shiv Nadar - Founder, Chairman, CSO

Vineet Nayar - CEO
Anant Gupta - President, Infrastructure
Key people
Services Division
Rahul Singh - President, BPO Business
Services

Revenue US$ 2.9 billion (2010)

Employees 71,000 (2010)

Website www.hcltech.com

HCL Technologies (HCLT) is a global IT Services company headquartered in Noida, India

and led by its CEO Vineet Nayar. It is the IT services arm of HCL, a US$5 billion global
Technology and IT Enterprise. HCL Technologies, along with its subsidiaries, had
consolidated revenues of US$2.6 billion, as on 31st March 2010, and employed more than
71,000 professionals of diverse nationalities. HCL Technologies has global network of
offices in 26 countries. The company is listed on the National Stock Exchange and Bombay
Stock Exchange of India.

Contents
[hide]

 1 Services
 2 Acquisitions and joint ventures
 3 References
 4 External links

[edit] Services
HCL's main service offerings are along the following business lines:

 Engineering and R&D quality Services(ERS)

 Enterprise Transformation Services(ETS)
 Business Processing Outsourcing(BPO)
 Custom Application Services
 Enterprise Application Services(EAS)
 IT Infrastructure Management

HCL serves a broad range of industries including Financial Services, Education, Hi-tech &
Manufacturing, Aerospace & Defense, Telecom, Retail & CPG, Life Sciences, Healthcare,
Media & Entertainment, Travel, Transportation & Logistics, Automotive, Government,
Energy & Utilities.

[edit] Acquisitions and joint ventures

The company acquired Capitalstream, a US BFSI product company for US$40 million in
February 2008.[1] Capitalstream's FinanceCenter product is an addition to HCL's current
product addressing the BFSI market - Penstock, the product that HCL launched in 2007.[2]

On 15 December 2008, HCLT acquired the UK based AXON Group for US$658 million,
which was renamed HCL AXON after the acquisition. [3] [4] It was the largest acquisition ever
in the history of the Indian IT industry, surpassing Wipro’s $600 million acquisition of
Infocrossing in 2007.[5]