HCL Technologies Limited: HCLTech is an Indian IT services, engineering, and enterprise software company. It reported $14.664B in FY2026 USD revenue, INR 17,361 crore in net income, and 227,181 people.
HCLTech Key Facts
- Founded: HCLTech traces its roots to HCL's 1976 technology venture led by Shiv Nadar and colleagues. The listed IT services company, HCL Technologies Limited, was incorporated in 1991.
- Headquarters: Noida, Uttar Pradesh, India
- CEO: C Vijayakumar
- FY2026 revenue: $14.7B
- Profit metric: $1.96B
- Employees: 227,181
How HCLTech Makes Money
HCLTech's business model combines people-intensive technology services with higher-IP software revenue. IT and Business Services provides the largest revenue base, Engineering and R&D Services gives the company differentiated product-engineering depth, and HCLSoftware monetizes subscriptions, support, perpetual licenses, SaaS, and professional services.
- IT and Business Services: Large-scale IT services, application services, infrastructure, digital, cloud, cybersecurity, and business services.
- Engineering and R&D Services: Engineering services for product companies and industrial technology clients.
- HCLSoftware: Software subscriptions, support, perpetual licenses, SaaS, and professional services.
HCLTech History
HCL began in the 1970s as an Indian technology venture led by Shiv Nadar and colleagues. The business grew from hardware and systems roots into software services and eventually into HCL Technologies Limited, now branded globally as HCLTech.
- 1976 - HCL Founded: HCL begins as an Indian technology company with hardware and systems roots.
- 1991 - HCL Technologies Incorporated: The IT services company is incorporated, creating the foundation for HCLTech.
- 2019 - IBM Software Products Acquired: HCL acquires a portfolio of IBM software products and builds out HCLSoftware.
- 2022 - HCLTech Brand: The company refreshes its global brand as HCLTech.
- 2026 - FY2026 Revenue Reaches $14.664B: HCLTech reports $14.664B in USD revenue and 227,181 people.
Strategy and Risks
HCLTech competes with Tata Consultancy Services, Infosys, Wipro, Cognizant, Accenture, Capgemini, and global engineering specialists. It differentiates through engineering and R&D services, infrastructure depth, and a software portfolio that many pure services peers lack.
For FY2027, HCLTech guided to 1.0% to 4.0% constant-currency company revenue growth, 1.5% to 4.5% services growth, and EBIT margin of 17.5% to 18.5%. Execution depends on AI-led demand, large-deal conversion, software stabilization, and services margin discipline.
HCLTech FAQs
What was HCLTech's revenue in FY2026?
HCLTech reported $14.7B in FY2026 revenue. See the revenue history for source notes and currency details.
How many employees does HCLTech have?
HCLTech reports about 227,181 employees or people in the latest sourced disclosure used for this profile.
Who leads HCLTech?
C Vijayakumar leads HCLTech.
When was HCLTech founded?
HCLTech traces its roots to HCL's 1976 technology venture led by Shiv Nadar and colleagues. The listed IT services company, HCL Technologies Limited, was incorporated in 1991.
How does HCLTech make money?
HCLTech makes money from multi-year IT services contracts, engineering and R&D work, digital and cloud transformation, managed services, cybersecurity, software subscriptions, support, and professional services.
Is HCLTech profitable?
HCLTech reported $1.96B in FY2026 net income or profit.
What is HCLTech's biggest strategic issue?
The biggest issue is accelerating services growth in a cautious enterprise spending environment while HCLSoftware revenue declined in constant currency in FY2026.
