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The full form of HCL is Hindustan Computers Limited. HCLTech is the main company of the HCL Group. Another company in the HCL Group is HCL Infosystems. In 1976, HCL Infosystems was founded with the goal of manufacturing calculators. Later, HCL Infosystems became a top manufacturer of personal computers and laptops in India.
Full Form of HCL
HCL stands for Hindustan Computers Limited. HCL is a multinational IT company from India. The head office of HCL is in Noida. HCL launched personal computers with an eight-bit microprocessor in 1978. HCL Enterprise offers services in many sectors. These include technology, talent management solutions, and healthcare.
HCL Group
HCL Group is a global technology company. It started as one of India’s first IT garage start-ups. It is a pioneer in modern computing in India. Today, HCL Group has grown into a large business group. It operates through three main companies.
These are HCLTech, HCL Healthcare, and HCL Infosystems. HCL works across various sectors. It offers services in IT, hardware, healthcare, and more. HCL TalentCare is another venture by HCL Group. HCL TalentCare provided staffing and skilling services.
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HCLTech
HCL Technologies is also called HCLTech. It is a famous Indian IT company. It works in IT consulting and software services. Its head office is in Noida, India. Shiv Nadar founded the company. HCLTech operates in 60 countries. It has over 227,000 employees. It is India’s third-largest IT services company in 2024.
HCL Infosystems
HCL Infosystems is a small company in the IT hardware sector. It is worth Rs 251.85 crore on the market. The company works in system integration and distribution. It offers services in technology, mobility, and consumer goods distribution. In order to manufacture pocket calculators, HCL Infosystems was established in 1976. In June 2015, Dell announced a partnership with HCL Infosystems.
HCL Healthcare
HCL Healthcare is a part of the Hindustan Computers Limited Group. It works in association with Johns Hopkins Medicine International. The company aims to provide care for both chronic and acute illnesses. It runs India’s first nationally networked chain of multiple clinics. HCL Healthcare focuses on long-term illness care and patient well-being.
HCL TalentCare
HCL TalentCare is the newest venture of the Hindustan Computers Limited Group. Its headquarters are in Chennai. It operates training campuses in Hyderabad and Chennai. It is a global human resources solutions company. The company offers integrated products and services for human resource needs. Its main goal is to create employable talent for industries like IT, banking, insurance, and healthcare. It also helps students with career-focused development programs.
History of HCLTech
HCL started in 1976. It was founded by Shiv Nadar and seven engineers. All were former employees of Delhi Cloth & General Mills. The company first made calculators to earn capital. It was initially named Microcomp Limited. On 11 August 1976, the name changed to Hindustan Computers Limited (HCL).
In 1978, HCL developed India’s first microcomputer. HCL developed a client-server system, a networking operating system, and an RDBMS in 1983. HCL Technologies started out as HCL Enterprise’s research and development branch. At first, HCL focused on hardware products. Later, it shifted to software and IT services.
On 12 November 1991, HCL Technologies became a separate company. It was first registered as Hindustan Computers Overseas Limited. This unit focused on software and technology development. HCL started enterprise IT infrastructure services in 1993.. It won a contract to build India’s first floorless electronic stock exchange for NSE.
In July 1994, HCL Overseas Limited was renamed HCL Consulting Limited. It changed its name to HCL Technologies Limited on October 6, 1999. This name better reflected its IT services focus. Between 1991 and 1999, HCL expanded globally. It entered the US, Europe, and Asia-Pacific markets. HCL built strong software development capabilities worldwide.
IPO and Expansion of HCL
HCL went public on 11 January 2000. It issued 14.2 million shares during its IPO. By the early 2000s, HCL Comnet expanded its services. It moved from VSAT to network security and IT infrastructure services.
HCL and Deutsche Bank established a joint venture in 2001. HCL acquired a 51 percent share in Deutsche Software, which later changed its name to DSL Software. L bought the remaining 49% of DSL Software in 2004. DSL became part of HCL’s banking technology division.
In 2003, HCL won a project with Airbus. It developed embedded software for Airbus A340’s warning system. That same year, HCL sold its stake in HCL Perot Systems. For more than $105 million, Perot Systems acquired the stake of Hindustan Computers Limited.
In 2005, HCL expanded to Northern Ireland. UK Prime Minister Tony Blair announced this in 2006. In 2008, Hindustan Computers Limited acquired the UK-based Axon Group for £440 million. HCL merged Axon with its enterprise application services. EAS revenue grew from 9% to 22% within three years.
In 2015, HCL became Manchester United’s digital technology partner. In 2017, HCL and IBM announced a strategic partnership. HCL took over IBM’s Lotus Software, Notes, Domino, and Sametime.
Actian, a US company, was acquired by HCL and Sumeru Equity Partners in 2018 for $330 million. For $100.2 million in 2021, HCL America acquired the remaining 19.6% of Actian. Actian became the data and analytics division of HCL Software.
In 2019, HCL acquired software products from IBM. These included AppScan, BigFix, Commerce, Connections, and Unica. In 2021, HCLTech’s revenue crossed $10 billion. In 2022, HCL Technologies changed its name to HCLTech. That year, HCLTech acquired Confinale AG, a wealth solutions company.
In 2023, HCLTech bought the German automotive firm ASAP Group for $279 million.HCLTech and Verizon Business inked a $2.1 billion agreement in August 2023. This was for managed network services. In May 2024, HCLTech acquired assets of HPE’s Communications Technology Group. The deal was valued at $225 million.
In August 2024, HCLSoftware planned to buy Zeenea for €24 million. Zeenea is a French data management platform. Zeenea will continue under Actian in HCLSoftware’s division after the acquisition.
HCLTech Operations
HCLTech operates in 60 countries. It has more than 200 delivery centers worldwide. The company also runs 150 innovation labs globally. The headquarters of HCLTech is located in Noida, India. HCLTech offers services in Engineering, Digital, Cloud, AI, & Software. The business of HCLTech is divided into three parts. These are IT and Business Services, Engineering and R and D Services (ERS), and HCL Software.
HCL Software
HCLTech started its software division called HCLSoftware in 2019. This followed the acquisition of IBM’s software tools. HCLSoftware’s key products include BigFix, AppScan, Connections, Commerce Cloud, Digital Experience, Notes, Sametime, iNotes, and Unica. Actian is part of HCLSoftware’s data and analytics division. Actian’s products include Informix, Actian Data Platform, Ingres, Zen, and NoSQL. In the financial year 2023–24, HCLSoftware earned ₹11,692 crore or $1.4 billion.
Business Lines of HCL
HCL offers various services in the IT sector. Some key services provided by HCL are:
- Enterprise Applications: HCL provides solutions to help businesses manage and improve their enterprise software.
- Software as a Service (SaaS) uses cloud platforms to provide software services.
- Applications Support and Maintenance: HCL supports and maintains business-critical software applications.
- Finance and Accounting: The company provides businesses with accounting and finance services.
- Cybersecurity: HCL provides services to protect digital assets and secure IT systems.
- Product Engineering
It helps companies develop and improve technology products. - Data and Analytics: HCL offers solutions for data management and business analytics.
- Cognitive Automation: It automates business procedures using AI-based technologies.
- Supply Chain Management: HCL provides services to optimize supply chain operations.
- Operational Technologies: It supports technologies that improve manufacturing and industrial processes.
Founder and Key People of HCL Technologies
Shiv Nadar is the founder of HCL. He started HCL in 1976. He helped shape India’s IT industry.
HCL Tech Board of Directors
- Roshni Nadar Malhotra is the Chairperson of HCL Technologies. She leads the CSR activities of HCL, handles stakeholder relationships and works on ESG and diversity programs.
- C Vijayakumar is the CEO of HCL Technologies. He is also the Managing Director.
- Shikhar Malhotra is a Director at HCL Technologies.
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FAQs on HCL Full Form
What is the full name of the HCL Company?
Hindustan Computers Limited is the full name of the company. With its headquarters in Noida, India, it is a global provider of IT services and consulting.
Who is HCL's CEO?
C. Vijayakumar became CEO of HCLTech on October 21, 2016. He is the current Chief Executive Officer.
Why is HCL well-known?
Powered by a wide range of technology services and products, HCLTech is a multinational technology company with more than 219,000 employees spread across 60 countries. It provides industry-leading capabilities focused on digital, engineering, cloud, and artificial intelligence.
