At HCL Technologies Limited, FY23 was the year of a major pivot in our growth journey as we further articulated our purpose and relaunched our brand identity. We now go to market as HCLTech, with a distinct brand position of Supercharging Progress™, which reflects our purpose and aspiration.

Each day, we live by our purpose: to bring together the best of technology and our people to supercharge progress—for our clients, people, communities and the planet. And our aspiration is to deliver this at speed and scale.

HCLTech’s Annual Report 2022-23 looks back at a year of delivering on our purpose, driven by our unique portfolio spanning operational and transformational technologies across Digital, Engineering, Cloud, AI and Software.

The depth and breadth of our experience positions us well for the future as a partner of choice–and a partner full of choices–for Global 2000 companies. We are an employer of choice for top talent globally. And we are transforming communities and contributing to a sustainable planet through path-breaking programs.

We believe we are just getting started, and the best of supercharging progress lies ahead in an exciting digital-first world.

Message from
Chairperson

Roshni Nadar Malhotra

Chairperson, Non-Executive, Non-Independent

The emergence of GenAI has made the landscape more exciting as it opens up new opportunities for enterprises to supercharge growth and productivity and for humanity to unlock the benefits of digital technologies.”

Roshni Nadar Malhotra

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Message from CEO &
Managing Director

C Vijayakumar

CEO & Managing Director

Together with our people and our partners, we believe we can shape a new era of technology transformation where speed meets scale, resilience meets responsibility and profits meet purpose.”

C Vijayakumar

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A Year of Supercharged Growth

$0 Bn

Revenue

0 Cr

Profit before tax

15% increase YoY

0 Cr

Revenue

18.5% increase YoY

0%

Profit before taxes, finance costs and other income in FY23

0 Cr

Operating cash flow

4-year CAGR: 19%

$0B

New deal TCV

6.6% increase YoY

0

New large deals signed

0%

Total increase in $100M+ clients over past four FYs

Revenue from Operations

(₹ Cr)

10.9%

CAGR*

Constant currency


Profit before Taxes, Finance Costs and Other Income

(₹ Cr)

11.7%

CAGR*

Profit after Tax

(₹ Cr)

10.1%

CAGR*

Diluted EPS

(₹ Cr)

10.5%

CAGR*

Employee Metrics

(Headcount)

Segment Revenue**

(₹ Cr)

Client Category

(Number of Clients)

*4-year CAGR
**Includes inter-segment revenue of ₹470 crores.

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Our Global Footprint

Countries

Nationalities


Employees

+

Delivery Centers


+

Engineering Labs

Country List

The US-India Strategic Partnership Forum honored HCLTech Founder and Chairman Emeritus, Shiv Nadar, with the Lifetime Achievement Award.

HCLTech Chairperson, Roshni Nadar Malhotra, received The Economic Times Lifetime Achievement Award on behalf of HCLTech Founder and Chairman Emeritus, Shiv Nadar, from Nirmala Sitharaman, Minister of Finance, Government of India.

HCLTech Chairperson, Roshni Nadar Malhotra, received the Business Today Most Powerful Women in Business Award from Smriti Irani, Minister of Women and Child Development, Government of India.

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Our New Brand
Identity

This year, we launched the new HCLTech brand identity, underpinned by the distinct positioning of Supercharging Progress™ that captures the essence of what we do today and our aspiration of what we want to do more of–at scale, for our stakeholders. We also crafted a new purpose for our organization:

For our

Clients

We help deliver business outcomes for our clients, at speed and at scale; vested to solve day-to-day or complex challenges with both pragmatism and resilience.

For our

People

We help current (and prospective) employees “find their spark” and supercharge their career potential.

For our

Communities

We believe that impact comes from within, and it drives our long-standing commitment to the communities where we work and live.

For our

Planet

We deliver long-lasting impact through our actions as a company and through our pacts with stakeholders for a more sustainable future.

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