Annual Report

Dear Shareholders,

The ongoing COVID-19 pandemic has drastically changed our world - society at all levels, businesses around the globe, and our own individual lives, as well as those of families, friends, and colleagues. In the past year, we have all worked valiantly to respond to the disruption of the pandemic, a testament to the tenacity of the human spirit. It is now time for us, both as individuals and as an organization, to embrace positivity and hope for the future.

At HCL, we have always believed that technology and people working together can generate positive change that will advance the world to the next stage. In fact, at HCL we call this partnership of digital technologies and the human spirit "The New Essential".

This collaboration was highlighted during the COVID-19 pandemic, particularly in the way that HCL puts humanity at the core of its business model. As HCL helped its clients transform their businesses, through a resilient and innovative response to the pandemic, it was HCLites around the world who exemplified these qualities. Their ability to problem solve at scale and innovate at pace in a time of crisis provided the momentum that carried HCL to a significant milestone - joining the select group of 10 technology services organizations that generate over $10B in revenue.
The achievement was a direct result of the collaborative confluence of people and technology that has been at the heart of HCL's philosophy for the last 45 years.

As we worked to help our clients navigate through these turbulent times with our advanced and innovative solutions, we also worked continuously to help the 168,000+ HCLites and their family members stay safe and healthy.

But it's not just the well-being of our customers and employees that shows HCL's organizational responsibility. We're also committed to the well-being of the communities where we operate. This year, HCL's social responsibility arm, HCL Foundation, completes a decade of creative contribution to the development of India and, increasingly, areas around the world. Powered by a unique source code, each Foundation program generates innovative measures to help asset-deprived and marginalized communities by equipping them with tools to transform people's lives for the better.

It is a matter of great pride for me and all of us at HCL that, even during these turbulent times, HCL employees and partners have been working tirelessly at a grassroots level to raise the quality of life in rural communities by alleviating poverty, improving health and wellness, and promoting inclusive growth.

As the global economy revives and we emerge from the crisis of the COVID-19 pandemic, I am sure that HCL will be well prepared to meet future challenges. Our strong financials, growth momentum, and an extraordinary executive team focused on executing our business' digital strategy set us up for success in an ever-changing business environment. Armed with our core beliefs of innovation and collaboration, and driven by a strong faith in humanitarian values, we will achieve our business goals - goals that are aligned with the socio-economic development of the communities where we work.

I'd like to thank all of our shareholders, clients, partners, and the entire HCL ecosystem for placing their valuable trust and confidence in the organization. I am confident that, with their help, we will help define and take a lead in the brave new world of "The New Essential".

Thank you,

Shiv Nadar