HCL TECHNOLOGIES

Part -1:- Executive Summary.

HCL (Hindustan Computers Limited) is the 4th largest company in India and it is established
in the year 1991 on 12th November by Shiv Nadar as HCL Overseas Limited. Its revenue is
more than of US$ 4.5 billion.  In the 1994 it change their name to HCL Consulting Limited.
The head quarter of the company is situated in the Noiada Uttar Pradesh India.Company has
90,000 employees worldwide and in 2013 its revenue is US $ 6.3 Billion.

HCL Technologies Ltd is a leading global IT services company that helps global enterprises
re-imagine and transform their businesses through Digital technology transformation. The
company is primarily engaged in providing a range of software services, business process
outsourcing and infrastructure services. The company leverages an extensive offshore
infrastructure and its global network of offices in various countries and professionals to
deliver solutions across select verticals including Financial Services, Manufacturing,
Telecommunications, Media, Publishing, Entertainment, Retail & CPG, Life Sciences &
Healthcare, Oil & Gas, Energy & Utilities, Travel, Transportation & Logistics and
Government.

Over the years, HCL has conscientiously set high business standards by way of providing
sustainable, world-class products, solutions and services; a feat that has helped the
organization to touch the lives of millions with possibilities founed in 1976 as one of India’s
original IT garage start-ups, HCL is a pioneer of modern computing with many firsts to its
credit, including the introduction of the 8-bit microprocessor-based computer in 1978 well
before its global peers. Today, the HCL enterprise has a presence across varied sectors that
include technology, healthcare and talent management solutions and comprises three
companies – HCL Infosystems, HCL Technologies and HCL Healthcare. The enterprise
generates annual revenues of over US $ 9.3 billion with more than 147,000 employees from
140 nationalities operating across 44 countries.
1.1 Objectives.
 To analysis history of the company.

 To analysis financial statement of the company.

 To understand the organization structure .

 To know the competitors of the company.

 To analysis products and services of the company .

 To determine the ratio analysis of the company.

1.2 Vision:
To be the technology partner of choice for forward looking customers by collaboratively
transforming technology into business advantage.

Missions:
To be the employer of choice and the partner of choice by focusing on stated values of
Employees First, Trust, Transparency, Flexibility and Value Centricity.

1.3 Keys to succes.

Data as a Service (DaaS) provides an outsourcing solution for driving cost efficiencies and
quality of service improvement by implementing a service request /publish model for the
consolidation of all data extraction, transformation and movement.

“HCL’s Business Analytics Services provides a DaaS solution for driving cost efficiencies
and quality of service improvement by implementing a comprehensive service model for the
consolidation of all data extraction, transformation and movement."
Part-2:- Company Summary.

2.1 Company Ownership.

Shareholding Pattern - HCL Technologies
Ltd.

No of % Share
Holder's Name Shares Holding

Promoters 590486646 43.53%

ForeignInstitutions 379313566 27.96%

ForeignPromoter 223331016 16.46%

NbanksMutualFunds 78990019 5.82%

FinancialInstitutions 38059105 2.8

GeneralPublic 29885628 2.2%

Others 16246413 1.2%

CentralGovt 88795 0.01%

2.2 Company History.

HCL Technologies Limited is an Indian multinational information technology (IT) service

and consulting company headquartered in Noida, Uttar Pradesh. It is a subsidiary of HCL
Enterprise. Originally a research and development division of HCL, it emerged as an
independent company in 1991 when HCL entered into the software services business.

The company has offices in 42 countries including the United Kingdom, the United States,
France, and Germany with a worldwide network of R&D, "innovation labs" and "delivery
centers", and 137,000+ employees and its customers include 250 of the Fortune 500 and 650
of the Global 2000 companies. It operates across sectors including aerospace and defense,
automotive, banking, capital markets, chemical and process industries, energy and utilities,
healthcare, hi-tech, industrial manufacturing, consumer goods, insurance, life sciences,
manufacturing, media and entertainment, mining and natural resources, oil and gas, retail,
telecom, and travel, transportation, logistics & hospitality.
HCL Technologies is on the Forbes Global 2000 list. It is among the top 20 largest publicly
traded companies in India with a market capitalisation of $18.7 billion as of May 2017. As of
May 2018, the company, along with its subsidiaries, had a consolidated revenue of $7.8
billion.[11]

HCL Enterprise

HCL Enterprise was founded in 1976.

The first three subsidiaries of parent HCL Enterprise were:

 HCL Technologies - originally HCL's R&D division, it emerged as a subsidiary in 1991

 HCL Infosystems and
 HCL Healthcare

The company tried to stay focused on hardware, but, via HCL Technologies, software and
services is a main focus.

Revenues for 2007 were US$4.9 billion.

Revenues for 2017 were US$6.5 billion, and HCL employed over 105,000 professionals in
31 countries.

Revenues for 2018 were US$9 billion, and HCL employed over 110,000 professionals in 31
countries. A unit named HCL Enterprise Solutions (India) Limited was formed in July 2001.

Currently HCL Technologies is a subsidiary of Vamasundari Delhi through a chain of entities

in between. Vamasundari (Delhi) is owned by Shiv Nadar and it in turns holds majority of
shares in most HCL group companies.

On July 1, 2019, HCL Technologies acquired select few product of IBM. HCL Technologies
took the full ownership of research and development, sales, marketing, delivery, and support
for AppScan, BigFix, Commerce, Connections, Digital Experience (Portal and Content Man-
ager), Notes Domino, and Unica.

Formation and early years

In 1976, a group of six engineers, all former employees of Delhi Cloth & General Mills, led
by Shiv Nadar, started a company that would make personal computers. Initially floated as
Microcomp Limited, Nadar and his team (which also included Arjun Malhotra, Ajai
Chowdhry, D.S. Puri, Yogesh Vaidya and Subhash Arora) started selling teledigital calcula-
tors to gather capital for their main product. On 11 August 1976, the company was renamed
Hindustan Computers Limited (HCL).

On 12 November 1991, a company called HCL Overseas Limited was incorporated as a

provider of technology development services. It received the certificate of commencement of
business on 10 February 1992 after which it began its operations. Two years later, in July
1994, the company name was changed to HCL Consulting Limited and eventually to HCL
Technologies Limited in October 1999.
HCL Technologies is one of the four companies under HCL Corporation, the second com-
pany being HCL Infosystems. In February 2014 HCL launched HCL Healthcare. HCL Tal-
entCare is the fourth and latest venture of HCL Corporation.

HCL Technologies began as the R&D Division of HCL Enterprise, a company which was a
contributor to the development and growth of the IT and computer industry in India. HCL
Enterprise developed an indigenous microcomputer in 1978, and a networking OS and client-
server architecture in 1983. On 12 November 1991, HCL Technologies was spun off as a sep-
arate unit to provide software services.

HCL Technologies was originally incorporated as HCL Overseas Limited. The name was
changed to HCL Consulting Limited on 14 July 1994. On 6 October 1999, the company was
renamed 'HCL Technologies Limited' for "a better reflection of its activities." Between 1991
and 1999, the company expanded its software development capacities to the US, European
and APAC markets.

IPO and subsequent expansion

The company went public on 10 November 1999, with an issue of 14.2 million shares, valued
at ₹4 each. During 2000, the company set up an offshore development centre in Chennai,
India, for KLA-Tencor Corporation.

In 2002, it acquired Gulf Computers Inc.

Pending
On 12 April 2018 USA-based Actian announced that it will be acquired by HCL Technolo-
gies for $330 million.

Joint venture
On 23 July 2015, CSC (NYSE: CSC) and HCL Technologies (BSE: HCLTECH) announced
a joint venture agreement to form a banking software and services company, Celeriti
FinTech.

In October 2017, IBM struck a "strategic partnership" with HCL Technologies that had the
latter firm take over development of the IBM Lotus Software's Notes, Domino, Sametime and
Verse collaboration tools.

In May 2018, HCL Technologies announced that it has joined hands with Transportation Al-
liance (BITA), known for incorporating blockchain in the transportation industry, to imple-
ment blockchain.

Partnership
On 9 June 2015 PC maker Dell announced a strategic distribution partnership with HCL
Infosystems.
In October 2018, TransGrid signed a 5-year managed services deal with HCL Technologies
for IT services delivery and providing outsourcing support, with the outsourcing teams to be
based in Australia.
2.3 Company Past Performance

Balance Sheet of HCL ------------------- in Rs. Cr.

Technologies -------------------
Mar 19 Mar 18 Mar 17

12 mths 12 mths 12 mths

EQUITIES AND LIABILITIES

SHAREHOLDER'S FUNDS

Equity Share Capital 271.00 278.00 285.00

Total Share Capital 271.00 278.00 285.00

25,688.0
Reserves and Surplus 30,168.00 27,285.00
0

25,688.0
Total Reserves and Surplus 30,168.00 27,285.00
0

25,973.0
Total Shareholders Funds 30,439.00 27,563.00
0

Equity Share Application Money 0.00 0.00 0.00

NON-CURRENT LIABILITIES

Long Term Borrowings 32.00 33.00 31.00

Other Long Term Liabilities 53.00 58.00 41.00

Long Term Provisions 553.00 471.00 411.00

Total Non-Current Liabilities 638.00 562.00 483.00

CURRENT LIABILITIES

Short Term Borrowings 0.00 0.00 0.00

Trade Payables 2,367.00 544.00 485.00

Other Current Liabilities 3,871.00 4,020.00 5,319.00

141.00 129.00 111.00

Short Term Provisions

Total Current Liabilities 6,379.00 4,693.00 5,915.00

32,371.0
Total Capital And Liabilities 37,456.00 32,818.00
0

ASSETS

NON-CURRENT ASSETS

Tangible Assets 3,507.00 3,293.00 3,126.00

Intangible Assets 7,728.00 7,135.00 4,863.00

Capital Work-In-Progress 212.00 298.00 411.00

Fixed Assets 11,447.00 10,726.00 8,400.00

Non-Current Investments 3,808.00 4,068.00 3,810.00

Deferred Tax Assets [Net] 2,107.00 1,506.00 1,211.00

Long Term Loans And Advances 355.00 235.00 0.00

Other Non-Current Assets 1,032.00 835.00 834.00

14,255.0
Total Non-Current Assets 18,749.00 17,370.00
0

CURRENT ASSETS

Current Investments 2,002.00 2,130.00 914.00

Inventories 18.00 40.00 90.00

Trade Receivables 6,245.00 5,427.00 4,418.00

Cash And Cash Equivalents 6,273.00 2,325.00 7,962.00

Short Term Loans And Advances 1,244.00 3,438.00 2,543.00

OtherCurrentAssets 2,925.00 2,088.00 2,189.00

 18,116.0
Total Current Assets 18,707.00 15,448.00
0

32,371.0
Total Assets 37,456.00 32,818.00
0

OTHER ADDITIONAL INFORMATION

CONTINGENT LIABILITIES, COMMITMENTS

Contingent Liabilities 263.00 202.00 408.00

CIF VALUE OF IMPORTS

Trade/Other Goods 325.00 203.00 19.00

Capital Goods 1,561.00 2,952.00 209.00

EXPENDITURE IN FOREIGN EXCHANGE

Expenditure In Foreign Currency 4,470.00 2,012.00 2,164.00

REMITTANCES IN FOREIGN CURRENCIES FOR

DIVIDENDS

Dividend Remittance In Foreign Currency 183.00 285.00 576.00

EARNINGS IN FOREIGN EXCHANGE

FOB Value Of Goods - - -

19,545.0
Other Earnings 22,892.00 19,275.00
0

BONUS DETAILS

Bonus Equity Share Capital 211.34 216.80 222.26

NON-CURRENT INVESTMENTS

Non-Current Investments Quoted Market

- 260.00 -
Value
Non-Current Investments Unquoted Book
3,808.00 3,808.00 3,810.00
Value

CURRENT INVESTMENTS

Current Investments Quoted Market Value 1,226.00 - -

Current Investments Unquoted Book

776.00 2,130.00 914.00
Value

2.4 Keys Facts (Milestone’s).

Founded in 1976 as one of India's original IT garage start-ups, today the HCL Group has
expanded to four companies in India - HCL Infosystems, HCL Technologies, HCL
Healthcare and HCL TalentCare. The group generates annual revenues of over US$ 6.5
billion with more than 105,000 employees from 100 nationalities operating across 31
countries, including over 500 points of presence in India.

A pioneer of modern computing, HCL has many firsts to its credit including the introduction
of the 8it microprocessor-based computer in 1978 well before its global peers.

MILESTONES
Number Acquisition Company Business Country
date

Capital Stream
1 20 February 2008 Business process  United States
Inc. automation
Liberata Business process  United
2 16 July 2008
Financial Service outsourcing Kingdom

Control Point Telecommunications 

3 25 August 2008 United States
Solutions, Inc. service

United
4 15 December 2008 Axon Group Plc. SAP Consulting
Kingdom

5 16 July 2009 UCS Group's SAP SA

Enterprise
Solutions SAP
 Practice

Information
6 1 April 2016 Part of Volvo IT Sweden
technology

Concept to
7 19 October 2015 Silicon Systems Semi-Conductors India
(C2SiS)

8 29 October 2015 PowerObjects CRM Consulting United States

PLM & Engineering

9 2016 Geometric Ltd India
Services

Butler America
10 17 January 2017 Engineering & Design United States
Aerospace

Urban Fulfillment Business Process

11 25 April 2017 United States
Services, LLC Outsourcing

ETL Factory
United
12 5 September 2017 Limited Automation
Kingdom
(Datawave)

H&D
IT and engineering
13 27 June 2018 International Germany
services provider
Group

Some of HCL’s key milestones in the Nordics include:

 Successful large-scale business transformation engagements with the 3 largest

companies in the region, as well as successful brands including Nokia, Vestas,
Electrolux, DNB, Statkraft and Husqvarna.

 HCL’s largest deal and partnership, and one of the largest in the industry with Volvo.

 Investment in 12 Delivery Centers in the region, which are spearheading new-age

research and technology innovation.

 High profile industry, partner and client recognitions, including; the Key to the Heart
of Gothenburg Award in 2017, for being one of the most important international
businesses established in Gothenburg, the IBM Sweden Partner of the Year Award
2017 for the successful shared services and mainframe services partnership, and the
SAP Nordic Quality Awards 2018 Gold Winner in the business transformation
category, for its support of Vestas’ SAP initiatives.
  Powering the Volvo Ocean Race in 2017-2018, providing race village infrastructure
across 12 ports globally to deliver high quality experiences to more than 1.5 billion
fans worldwide.

 Co-hosting and sponsoring Yoga events in Oslo, Stockholm and Gothenburg in

celebration of International Yoga Day, in association with the Embassy of India.

2.5 Company Location.

HCL Technologies is headquartered in Noida, India and has 157 office
locations across 32 countries.

Corporate headquarter.

HCL Technologies Ltd.

Technology Hub, SEZ
Plot No. 3A, Sector 126
Noida – 201304, India.

Part-3:- Company Overview.

3.1 Organization Structure.
3.2 Key Employees.
 Shiv Nadar
Founder & Chairman 

 C Vijayakumar
President & CEO

 Roshni Nadar Malhotra

Executive Director & CEO, Vice Chairperson.

 R. Srinivasan
Director.

 Robin Abrams
Director.

 Prateek Aggarwal
Chief Financial Officer.
  Rahul Singh
President – Financial Services.

 Sosale Shankara Sastry

Director.

 Anand Birje
Corporate Vice President – Global Head, Digital & Analytics.

3.3 Keys Employee Biographies.

 Shiv Nadar

Founder & Chairman - HCL, Shiv Nadar Foundation.

Shiv Nadar is the Founder and Chairman of HCL Enterprise, an $8.6 billion global
organization with over 137,000 professionals operating from 44 countries. Nadar is credited
with being one of the pioneers of the computing and IT industry in India. Under his guidance,
HCL has continued to ride the waves of the changing IT landscape for over 40 years and
remains at the forefront of every technological revolution since 1976. While HCL started as a
hardware organization, manufacturing the country’s first indigenous computers and
introducing them to the Indian consumer, it eventually evolved into a more comprehensive
software services organization. HCL is, in fact, one of the few global IT companies founded
in the 1970s that remains in existence to date.

Nadar started his career as part of the elite DCM management trainee system. It was at DCM
that he met the people with whom he later started HCL in a Delhi Barsati “akin to a garage
startup” with a compelling vision that the microprocessor would change the world.

Nadar credits his success to the education and scholarships that he received during his early
years. He has always maintained that access to quality education is the most potent tool of
transformation, and therefore, in 1994, he established the philanthropic - Shiv Nadar
Foundation. The Foundation draws heavily on Nadar’s experience of building a world-class
organization like HCL. It endeavors to create institutions of transformational education that
will continue to influence and nurture the country’s youth for decades to come.

As of 2018, Nadar has invested close to US$ 800 million through the Foundation, impacting
over 25,000 students directly. However, the Foundation’s ultimate aim is to nurture the next
generation of leaders in the ideologies of symbiotic growth so that each of them may, in turn,
aspire to affect a small change, creating a large multiplier effect. The impact of the Shiv
Nadar Foundation institutions is today reflected in the aspirations of meritorious students who
started their journeys from humble, geographically, remote backgrounds but are today
pursuing their dreams in India as well as other countries.
In recognition of his pioneering role in business and philanthropy in India and across the
globe, Nadar has received several honors and accolades, notable being the Padma Bhushan
from the President of India in 2008.

 C. Vijayakumar.
President & CEO, HCL Technologies
C Vijayakumar (CVK or Vijay) is the President & Chief Executive Officer of HCL
Technologies, a US$ 9.3 billion global technology company.

Vijay leads HCL Technologies, a team of over 147,000+ professionals, in 44 countries,

helping forward looking enterprises re–imagine and transform their businesses. Driving
growth and transformation in an age of connected assets and connected experiences, Vijay is
responsible for devising HCL’s differentiated strategy, overseeing execution and guiding
enduring partnerships.

Vijay joined HCL in 1994 as a member of the core team that designed and implemented
India’s first ever fully automated trading network at the National Stock Exchange. With a
strategic vision and global outlook, he relentlessly reinvented himself to emerge as a leader
who could span a breadth of technologies and deftly navigate the shifting industry landscape.

Most recently, as Chief Operating Officer, he led the company’s strategy to leverage the
transformative nexus of forces like Digitalization, Internet of Things, Cloud, Cyber-security
and Artificial Intelligence. His Mode 1-2-3 Strategy today serves as the company’s blueprint
for serving IT needs of forward-looking enterprises.

Previously, as President of HCL’s Infrastructure Services Business, he led its exponential

growth and market dominance over the years leading up to a contribution of nearly 40% to
HCL’s revenues today. As part of the founding team of its wholly owned subsidiary HCL
Comnet, he played an instrumental role in building the Remote Infrastructure Management
value proposition which is today a multi-billion-dollar market.

Over the years, Vijay has held several Technology, Business & Operational leadership
positions at HCL and is widely recognized in the industry for his strategic thinking and
impeccable execution. He is currently a member of Wall Street Journal’s CEO Council and is

on the Steward Board of World Economic Forum’s Strategic Initiative on ‘Future of

Education, Gender and Work’ as well as a member of the Steering Committee of its IT
Governors group.

Known for his hands-on approach, Vijay’s leadership style has been commended in the
business bestseller ‘Blueprint to a billion: 7 essentials to achieve exponential growth’ by
management guru David G. Thomson.

Vijay is a graduate in Electrical & Electronics Engineering from P.S.G. College of

Technology, Tamil Nadu, India and lives in New York City in the USA.
  Roshni Nadar Malhotra
Executive Director & CEO, HCL Corporation
Vice Chairperson, HCL Technologies
Trustee, Shiv Nadar Foundation
Founder & Trustee, The Habitats Trust
Roshni Nadar Malhotra is the CEO and Executive Director of HCL Corporation and is
responsible for providing strategic guidance to the organization. She is also a Vice
Chairperson on the Board of the $9.3 billion leading global technology company, HCL
Technologies and the Chairperson of its CSR Committee.

Roshni is a Trustee of the Shiv Nadar Foundation, which is committed to the process of
nation building by driving transformational leadership through education. She is also the
Chairperson and driving force behind VidyaGyan, a leadership academy for the economically
underprivileged, meritorious, rural students of Uttar Pradesh.

Roshni is the Founder & Trustee of The Habitats Trust, a foundation working towards
protecting natural habitats and their indigenous species. Passionate about wildlife and nature,
Roshni founded the Trust with the mission of creating and conserving sustainable ecosystems
through strategic partnerships and collaborations with all stakeholders at every level.

Roshni is a part of the Forum of Young Global Leaders (YGL), a unique and diverse
community of the world’s most outstanding, next-generation leaders, an initiative of the
World Economic Forum. She was conferred the prestigious NDTV Young Philanthropist -
Indian of the Year award in 2014. In 2015, she was felicitated with The World’s Most
Innovative People Award for Philanthropic Innovation by The World Summit on Innovation
& Entrepreneurship (WSIE), in partnership with the UN. In 2017, she was conferred with
Lewis Institute Community Changemaker Award by Babson College and with the
'Philanthropist of the Year' award by Vogue India. She was featured in ‘The World's 100
Most Powerful Women’ list compiled and released by Forbes, in 2017 and 2018. More
recently, Horasis, an internationally renowned think tank, recognized her as the ‘Indian
Business Leader of the Year 2019’
 R. Srinivasan.
Director
Mr. R. Srinivasan has an Electrical Engineering degree from Madras University and an MBA
degree from the IIM, Ahmedabad. He is the Founder, Vice Chairman of Redington (India)
Ltd- a 3.6 billion dollar Technology Products Supply Chain Solution Company operating in
India, Middle East, Africa & Turkey. Prior to starting Redington in Singapore, he spent 3
years in Indonesia with a leading Textile Company from 1978 to 1981. Srinivasan’s
experience also includes a number of years with Readers Digest and The Coco-Cola
Corporation in India. He is an expert in Strategic and Business Management.

 GH Rao.
President - Engineering and R&D Services (ERS)
GH Rao is President of Engineering and R&D Services (ERS) at HCL Technologies. ERS
provides services to product engineering companies dealing with Aerospace, Automotive,
Medical devices, Consumer Hi-tech and Telecom from all over the globe.
GH joined HCL as an R&D engineer in 1980. During this time, he was part of the R&D team
that developed hardware subsystems for a range of micro/mini computers. He was also the
chief architect of multi-processor systems that employed contemporary architectures for a
range of high-end minicomputers launched by HCL Technologies during the late 1980s. In
the early 90’s, when HCL and Hewlett Packard formed a joint venture (HCL-HP), GH was
responsible for leading the technology adaptation programs, and the engineering teams.
He later took charge of building business lines around core engineering services like system
and VLSI design services in the early days of HCL. GH has added several services -including
embedded systems - and also repositioned the ERS group to align with industry verticals
since 1996. He is also responsible for transforming and expanding the scope of services
through comprehensive engineering services.
GH holds a Bachelor’s degree in Electronics and Communication Engineering.

 Prateek Aggarwal.
Chief Financial Officer
Prateek Aggarwal is the Chief Financial Officer at HCL Technologies. He is a business-
focused finance professional with over 27 years of experience, driving strategic initiatives
(both organic and inorganic), financial planning and analysis, business finance and
contracting, controllership, investor relations, treasury, insurance, global taxation, and legal
and compliance. He also has experience in operations, having managed factories and
distribution chains, apart from setting up and running shared services.
After his stint from 2005-2008, Prateek re-joined HCL Technologies in 2012 and has held
several leadership roles over the past six years. In the past couple of years, Prateek has played
a pivotal role in shaping HCL’s Mode 3 strategy and scaling our Products & Platforms
business, as well as leading M&A pursuits from financial and legal angles. Earlier, he was
leading strategic financial initiatives from the CEO’s office, crafting win-win organic and
inorganic deals, strategic and annual plans, and leading several other operational and
financial initiatives to improve growth and profitability.
During his first tenure with HCL, as the Head of Finance for the Software business, Prateek
created several firsts for HCL, including a financial planning and analysis team, a ‘project
profitability’ mechanism to measure profitability down to the project level, setting up and
running employee HR services, etc.
Prateek is a graduate in commerce from SRCC, Delhi, and holds an MBA degree from IIM,
Calcutta. He has also completed an M&A course from The University of Chicago Booth
School of Business. His past experience includes working with organizations like Hindustan
Unilever and GECIS/Genpact, among others.
Prateek is married and has a daughter and a son. He enjoys reading, adventure sports, and
traveling with family during vacations.

 Robin Abrams.
Director
Ms. Robin Abrams, holds both a Bachelor of Arts and a Juris Doctor degree from the
University of Nebraska. Ms. Robin Abrams was most recently interim CEO at ZiLOG. She
had been the President of Palm Computing and Senior Vice President at 3Com Corporation.

Ms. Abrams was formerly the President and CEO at VeriFone. Before joining VeriFone in
1997, Abrams held a variety of senior management positions with Apple Computers. As Vice
President and General Manager of the Americas, she oversaw sales and channel management
for U.S., Canada and Latin America. Prior to that, she was the Vice President and General
Manager of Apple Asia, where she was responsible for sales and marketing in the region.

Ms. Abrams spent eight years with Unisys in several senior-level positions. Her
responsibilities included managing the delivery of business solutions focused on banking,
airlines, government and networking. A portion of her tenure at Unisys included a five-year
stint in Asia Pacific. The first twelve years of her career were in various management
positions at Wells Fargo Bank.

Ms. Abrams has served several U.S. public company boards including ZiLOG and BEA
Systems (until it was acquired by Oracle) and currently serving Sierra Wireless and
Openwave Systems.  Ms. Abrams also serves on the Anita Borg Institute Board and several
academic advisory committees

 Anoop Tiwari.
Corporate Vice President and Global Head – Digital Process Operations
Anoop leads initiatives that strengthen the cycle, building new propositions to client
acquisition to service delivery, anchoring the Digital Process Operations line of business
offering services to global customers across industry verticals. With a strong focus on domain
based next generation services powered by functional expertise, integrated global delivery
and client centric business models, Anoop with his team has helped many Fortune 500
companies simplify processes and create tangible business value.
In addition to the above, Anoop has been anchoring the CIO function, especially around HCL
Technologies’ cloud adoption strategy, optimizing running costs, while significantly
increasing the function’s service delivery capability. He has been instrumental in
transforming the Sales organization and enabled productivity improvements.
He has played several crucial global roles over his 25 year journey at HCL Technologies. He
led the firm’s acquisition of AXON, one of the largest acquisitions in the Indian IT industry.
Anoop has a degree in Physics and Law and is based out of Cupertino, California.

3.4 Major Products and Services.

Applications Infrastructure Engineering

Application Data Center Services Embedded Engineering
Development
Application Workplace Services Softwarw Engineering
Maintenance
SAP Network Services &UCC Digital Engineering
Microsoft Mainframe and IBM Mechanical Engineering
i(AS/400)
Oracle Dryice Autonomics Products Testing
&Orchestration
Businees Assurances & SIAM for Systems &Hardware
Testing Infrastructure Engineering

Digital Process Digital &Analytics HCL software

Operations
Supply Chain Cloud Native Services DRYICE
Management Service
Finances and Cybersecurity & GRC Actian
Accountings Services
Digital and Content Lot Works
Services
Cognitive Automation Enterprise Studio
Part - 4 :- Revenue Analysis (Ratio Analysis).
4.1 Current Ratio.
2018-19
current assets
Current Ratio = current liabilities
29722
= 12299

= 2.41

2017-18
current assets
Current Ratio= current liabilities
24558
= 10107

= 2.42

4.2 Debt Equity Ratio.

2018-19
Debt
Debt Equity Ratio= Equity
2977
= 271

= 10.98

2017-18
Debt
Debt Equity Ratio= Equity
338
= 278

= 1.21
4.3 Net Profit Ratio.
2018-19
Net Profit after tax
Net Profit Ratio= Net Sales
×100

12622
= 60427 ×100

= 20.88 %

2017-18
Net Profit after tax
Net Profit Ratio= Net Sales
×100

11011
= 50569 ×100

= 21.77 %

Part -5 :- Frame anaylsis.

5.1 Corporate social responsibility.
The objective of the Corporate Social Responsibility (CSR) policy (“Policy”) of HCL
Technologies Limited (“HCLT” or “Company”) is to lay down guidelines for proper
execution of CSR activities of the Company so as to support the sustainable development of
the society.

CSR Activities, Projects and Programmes

(a) The CSR activities, projects and programmes that will be undertaken by the
Company shall be those as may be approved by the committee that will be
constituted / reconstituted by the Board of Directors of the Company in this
regard (CSR Committee). The CSR Committee will approve the undertaking of
such activities, projects and programs as are covered under the following areas
set out in Schedule VII of the Companies Act, 2013:
(b) i. eradicating hunger, poverty and malnutrition, promoting healthcare including
preventive health care and sanitation and making available safe drinking water;
(c) ii. promoting education including special education and employment enhancing
vocation skills especially among children, women, elderly and the differently
abled and livelihood enhancement projects;
(d) iii. promoting gender equality, empowering women, setting up homes and hostels
for women and orphans, setting up old age homes, day care centers and such
 other facilities for senior citizens and measures for reducing inequalities faced by
socially and economically backward groups;
(e) iv. ensuring environmental sustainability, ecological balance, protection of flora
and fauna, animal welfare, agro forestry, conservation of natural resources and
maintaining quality of soil, air and water;
(f) v. protection of national heritage, art and culture including restoration of
buildings and sites of historical importance and works of art, setting up public
libraries, promotion and development of traditional arts and handicrafts;
(g) vi. measures for the benefit of armed forces veterans, war widows and their
dependents;

(h) vii. training to promote rural sports, nationally recognized sports, Paralympics’
sports and Olympic sports; and viii. rural development projects.

(i) The Committee, at its discretion, approve a contribution to the Prime Minister’s
National Relief Fund or any other fund set up by the Central Government for
socioeconomic development and relief and welfare of the Scheduled Castes, the
Scheduled Tribes, other backward classes, minorities and women.

(j) The Committee, at its discretion, may approve a contribution to technology

incubators located within the academic institutions approved by the Central
Government.

(k) While approving the CSR activities, the Committee shall give preference to the
local area where the Company operates, for spending the amounts earmarked for
CSR activities.
5.2 SWOT Analysis.

Strengths. Weakness.

1) Core Strategies. 1) Competition.

2) Global Presence. 2) Struggle to retain existing clients.

3) Strategic Alliances and

Partnerships.

Opportunities. Threats. 

1) Expected growth. 1) Risky Bets.

2) Technology adoption. 2) Forex risks.

3) Engineering & Research.

Part -6 :- keys Competitor’s .

 Infosys Ltd.

 Tata Consultancy Services Ltd.

 Tech Mahindra Ltd.

 Wipro Ltd.

Part -7:- Financial News.

7.1 Recent and financial news.

 HCL Technologies Announcement under Regulation 30 (LODR)-

Allotment.
Sub: Allotment of Bonus shares on December 10, 2019 Dear Sirs, We would like to inform
you that the Company has on December 10, 2019 allotted 135,68,32,548 new equity shares of
the Company of Rs. 2 each, bearing Distinctive No(s). from 1,428,196,185 to 2,785,028,732,
as fully paid-up Bonus Shares, to the members of the Company, in the ratio of one new
equity share for every one existing equity share held by them, as on as on December 7, 2019,
being the Record Date fixed for this purpose. Consequent to the said allotment the paid-up
share capital of the Company has gone up to 271,36,65,096 equity shares of Rs.2/- each
aggregating to Rs. 542,73,30,192/-. This is for your information and records.

 HCL Technologies Disclosure of Voting results of Postal Ballot

(Regulation 44(3) of SEBI (LODR) Regulations, 2015).
Dear Sir, Pursuant to Regulation 39 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, we would like to inform you that the Company has
received a request for issue of duplicate share certificate. We shall issue the duplicate share
certificate(s) only after the necessary formalities are carried out by the shareholder(s). Kindly
take the same on record

 Stocks in the news: YES Bank, Airtel, Tata Motors, HCL Tech and L&T
Finance.
Vodafone Idea announced new plans under which call and data charges will be dearer for its
pre-paid customers.

 HCL shareholders' approve proposals to hike authorised share capital,

issue bonus shares.
The company had sought shareholders' approval via postal ballot on October 26 for increase
in authorised share capital and consequent alteration of the memorandum of association of
the company, and issue of bonus shares.

 Stock market update: IT shares advance; TCS rises over 1%.

The Nifty IT index was trading 0.45 per cent up at 15,089.05 .

 HCL Technologies Intimation Of Record Date For Bonus Issue.

We would like to inform you that the record date for determining the entitlement of the equity
shareholders of the Company for the bonus shares has been fixed for December 7, 2019,
subject to the approval by the shareholders for issuance of bonus shares and increase in
authorized share capital of the Company as proposed vide Postal Ballot Notice dated October
26, 2019.

 HCL Technologies Disclosure Under Req. 23(9) Of Securities And

Exchaqnge Board Of India (Listing Obligations And Disclosure
Requirements).
Enclosed please find herewith a disclosure of Related Party transactions on consolidated basis
for the half year ended September 30, 2019. This is for your information and records

 HCL Technologies Compliances-Reg. 39 (3) - Details of Loss of

Certificate / Duplicate Certificate.
Dear Sir, of SEBI (Listinci Obliaations and Disclosure Pursuant to Regulation 39 of SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to
inform you that the Company has received request for issue of duplicate share certificatesWe
shall issue the duplicate share certificate(s) only after the necessary formalities are carried out
by the shareholder(s). Kindly take the same on record.

 HCL Technologies Announcement under Regulation 30 (LODR)-

Allotment of ESOP / ESPS.
Dear Sir, The Employees Stock Option Allotment Committee of the Company has on
November 8 2019 allotted 2,49,160 Equity Shares of Rs. 2/- each, bearing distinctive No(s).
142,79,47,025 to 142,81,96,184 under the 2004 Stock Option Plan of the Company.
Consequent to the said allotment the paid-up share capital of the Company has gone up to
135,68,32,548 equity shares of Rs.2/- each aggregating to Rs. 271,36,65,096/- The details as
required to be furnished under the SEBI (Shared Based Employee Benefits) Regulations,
2014 are enclosed. This is for your information and records.

 HCL Technologies Shareholder Meeting / Postal Ballot-Notice of Postal

Ballot.
 Sub.: Submission of Postal Ballot Notice, Postal Ballot Form and Notice to Members of the
Company published in Newspapers, in respect thereof Dear Sir/Maam, This is further to our
letter dated October 23, 2019. In this regard, we wish to inform you that the Company has
completed the dispatch of the Postal Ballot Notice along with the required documents,
through physical mode and e-mails, on October 30, 2019.

 Indian IT disrupts itself to get back on the growth trajectory.

 Massive investments in reskilling staff as well as local hiring help IT ride out the digital
disruption. Nearly a third of India’s IT revenue comes from digital, a segment that is growing
over double digits for these firms

 HCL Tech posts 4% YoY rise in Q2 profit at Rs 2,651 crore, raises FY20
guidance to 15-17%.
Revenue for the quarter climbed 17.9 per cent YoY (or 6.7 per cent QoQ) to Rs 17,528 crore,
the company said in a BSE filing.

 HCL Technologies Corporate Action-Board approves Dividend.

The Board of Directors has declared an Interim Dividend of Rs.2/- per equity share on face
value of Rs.2/- per equity share of the Company, for the Financial Year 2019-20.

 HCL Technologies Board Meeting - Unaudited Financial Results For The

Quarter And Half-Year Ended September 30, 2019.
1. The BOD has today approved the Unaudited Financial results for the quarter ended Sep.
30, 2019. The Financial Results under Regulation 33 of the SEBI (LODR) Reg,2015 along
with declaration prescribed under these regulations are enclosed at Ann.- A. 2. The Limited
Review Report of the Statutory Auditors on the aforesaid Financial results of the Company is
enclosed at Ann.- B. 3. The BOD has declared an Interim Dividend of Rs.2/- per equity share
on FV of Rs.2/- per equity share of the Company, for the FY 2019-20. The BOD has
approved Nov 1, 2019 as record date for the payment of the aforesaid interim dividend. The
Payment date of the said interim dividend shall be Nov 8, 2019.
APPENDIX:-
 http://www.hcltech.com

 http://www.moneycontrol.com.hcltech
 http://en.m.wikipedia.org