If you've ever wondered what is HCL Technologies, how it started, where it’s based, or why the name was chosen; this article is for you. It delves into some of the company's history as well as its current day products and services.
Blog Post List: 1) What Is HCL Technologies? 2) Why Was HCL Technologies Started? 3) What Type of Work Does HCL Technologies Do? 4) Where Does HCL Technologies Operate From and Where Are Their Headquarters Located? 5) How Much Money Does HCL Technologies Make?
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1. What is HCL Technologies?
HCL Technologies is an Indian multinational IT company headquartered in Noida, Uttar Pradesh, India. It was founded in 1976 by Shiv Nadar and is currently a subsidiary of the HCL Enterprise. HCL Technologies has over 70 offices in countries across the world.
HCL designed, manufactured and sold electrical and electronic products before it became a public company.
Founder: Shiv Nadar
Shiv Nadar founded his first company, S.K.S.B.L, at 18 years old. The two-man team had a primary focus on designing tear-drop shaped lamps, which led the company to specialize in that industry.
Nadar then set his sights on becoming India’s first electrical equipment designer to win a gold medal at the Computing World Cup. This success lead him to eventually serve in the Indian army, where he learned about high-performance computing and graphic design; this allowed him to join a major Indian engineering and technology company early in his career. He then went off and started his own company that became S.K.S.B.L.
As a designer, he went on to design India’s first portable calculator and electronic gaming device, the SVAB1000.
HCL is about 50% company owned by two of Nadar’s children, Narayan Goyal and Anil Khandekar, both engineers. This leaves Khandekar free to run HCL’s day-to-day operations and focus on business development.
One major difference between S.K.S.B.L and HCL is that HCL develops its own chips whereas S.K.S.B.L. mostly uses off the shelf (OO) chips.
The creation of silicon grew and matured as time went by, resulting in chips from complex circuits to photolithography, then rock-chip, silicon valley… to low-power, silicon microchips. The demand for computing hardware grew, and as both technology and computing requirements shifted towards Netbooks, mobile phones and more, the demand for smart gadgets also rose — this created a need for customization. So the two-man team that started S.K.S.B.L began exploring different opportunities.
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2. Why was HCL Technologies started?
HCL Technologies is a leading global IT and IT-enabled services (ITES) company. It was started with the vision of bringing information technology to the masses in India. HCL was started by three individuals: Anant Gupta, Shiv Nadar, and Vineet Nayyar. It was started in 1976 to offer outsourcing services to foreign companies.
What is HCL?
HCL Technologies is a provides IT services, products, IT know-how, and technology transfer. HCL’s business is mostly in two segments:
Services or products are what you get when you buy from someone else. You’re buying a service or product from someone else, you can get IT services like web design, photo editing, etc. Consulting services or solutions help companies and individuals in their business and helps them take on projects toward accomplishing their goals, so as to realize greater returns. Services are usually the section or subcategory of a product. They are the things you will use or be using in your business, lifestyle, etc. You have to hire some professionals to perform the services, therefore, they offer consulting services.
1)What Is HCL Technologies?
HCL Technologies is a US-based international outsourcing firm, established in 1976, that provides outsourcing services to companies, organizations, and organizations within the financial services industry. The company’s products and services include Business Process Outsourcing (BPO), Entertainment Business Management, Customer Business Management, Technical Business Management, IT Infrastructure Services, and Media Business Management.
Many corporations and organizations around the world need outsourcing companies to do some of the work that such organizations may handle on-site and/or off-site; such functions include, accounting, research, information technology, contract administration, project management, project and project management, personnel management, invoicing and information management, human resources and payroll administration, legal consulting, project management, grant writing, consulting for start-ups, software development, project management, data analysis, data compilation, financial analysis, and sales.
How is HCL Technologies achieved profitably?
You can try outsourcing your work and find out what you’re getting when you outsource, but it’s the same as outsourcing.
3. What type of work does HCL Technologies do?
HCL Technologies is a global IT services and solutions company. It was founded in 1976 and has its headquarters in Noida, India. It is listed on the Bombay Stock Exchange and National Stock Exchange of India. The company is one of India's largest IT services companies by revenues, and is currently ranked 185th in the Fortune Global 500 list of the world's biggest corporations.What is HCL Technologies?
HCL Technologies has over 20 years of experience in the development of integrated worldwide enterprise IT services and solutions. The company’s main clientele is global enterprises. HCL’s core business is now focused on designing and manufacturing high-end enterprise software and solutions. This business model, coupled with its progressive and innovative approach to the development and deployment of information technology, has made HCL so successful.
HCL was based in Noida, India. The satellite office was set up to help out other companies in the IT industry such as Infosys and Wavii. In 2001, an entrepreneurial HCL employee, Atul Gawande, launched a startup which did not get very far. He was frustrated about the lack of availability of talent. He saw there needed to be an international IT services delivery network for the benefit of IT service companies all over the world. Atul felt shifting headquarters to the United States would provide him with greater stability and opportunity. He began to research other markets and arrived at Seattle.
As early as 2001, HCL started working on the development of the world’s most advanced software system - IT Revenue Cycle. The first prototype was launched in 2003, and it has been continuously refined and upgraded ever since. The objective of IT Revenue Cycle is to drive purchase decisions in the e-commerce environment. Data is collected from a large number of retail websites, aggregated and used to calculate revenue cycles for specific industries.
HCL is developing software programs, including toll billing collection software, for over a dozen global retailers, such as Best Buy, Hewlett-Packard, Office Depot, Progressive, Staples, Vistaprint and Target.
4. Where does HCL Technologies operate from and where are their headquarters located?
HCL Technologies is an Indian multinational company based in Noida, Uttar Pradesh. It is a subsidiary of HCL Enterprise. HCL Technologies is one of the largest Indian IT services, and consulting companies, and is the second largest employer of foreign nationals in India (after TCS). HCL Technologies is headquartered in Noida, Uttar Pradesh, with offices in 40 countries.About 128,600 people work for HCL Technologies, across 4 continents and around the world. (Source: Wikipedia)
HCL Technologies has 37 projects under its IT Services business division and its cable and Internet services businesses. Other divisions include satellite communications; weapons systems business; security consulting & engineering; power, water, industrial, and aviation engineering; finance and insurance; and marine engineering. Employees include 28 nationalities. Their annual employees count more than 2 million worldwide. HCL offers training, certifications, and work opportunities for graduates, as well as job referrals and mentoring services. (Source: LinkedIn)
HCL makes a range of products and services that support the maintenance and improvement of digital and analog infrastructure technologies, across the various sectors of the telecommunications, cable television, and power distribution industries.
HCL operates its own sales and marketing network, and is active in other sales & marketing networks, as well as in congressional activity. HCL’s operations are also international, with offices and subsidiaries in Japan, the U.K., U.S., and Singapore — many of the company’s processes, information technology, and staff and micro-factories are located outside of the U.S. and Canada. Each of the companies’ technologies are licensed by the governments of various countries.
HCL’s primary product line is in the telecoms and cable industry. These include cables, coaxial cable systems, fiber optic, and telecommunications switches and modules. Other products include Internet access, telematics, and in-home video systems. Through its cable systems division, HCL offers equipment for the faster deployment of cable systems and provides technical assistance and related services. This division supplies systems to residential, enterprise, and business customers.
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5. How much money does HCL Technologies make?
HCL Technologies is one of the largest Indian IT companies. The company provides outsourcing services to companies all over the world, and its clients include Microsoft, Dell, and EMC. The company is publicly traded on the Bombay Stock Exchange and the National Stock Exchange of India. The company has two headquarters, one in Noida and one in Bangalore.
Kohler Consulting’s HCL Technology has done a huge chunk of work in the past to provide consulting services and custom development services to many large corporations. In 2012, HCL was awarded the prestigious ‘Blue Ocean Design Award’ by SAP for their design and implementation of collaboration software ‘Hydrax’.
The company was established in 1980 by a group of engineers from the Indian Institute of Technology in Kanpur. Since then, the company has grown exponentially.
The company’s headquarters are based out of Noida, India. However, its main office is located in Bangalore, India. The headquarters of the company are currently spread across 15 buildings in Bangalore.
The last update on this article was at 02/11/2020.
Fun fact about the business:
HCL has its headquarters in Noida, India
HCL Technology’s flagship company was founded in 1980, built on the philosophy of “Democratizing the Web”. In 1983, the company reorganized, creating the name HCL Technologies, with a focus on developing software solutions for application development.
The name HCL is derived from Chemistry and implies cleanliness, durability, and safety.
HCL developed software products like “Hydrax” that allows companies to work together e.g. Relating with Oracle, IBM, SAP and many other companies offered by the same technology.
The customers which were once either web, desktop or database environments can now work with many different types of applications in a data center anywhere in the world.
“Several applications Oracle has outsourced to HCL include web programming languages ‘JSP’ and ‘ERTL’, a database ‘MySQL’, and ‘Uber Eats’.” — The Atlantic
The business update of the company: The dilution of HP all but completed in 2001, leaving only HPE and Secureworks in the portfolio.
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