HCL Technologies Expands its Presence in Sri Lanka with the Opening of a New Facility at ‘The Offices’ in Cinnamon Life
This is HCL’s largest facility in Sri Lanka, which will serve its global client base
Colombo Sri Lanka and Noida, India, Nov. 25, 2021: HCL Technologies (HCL), a leading global technology company, opened its new facility at the state-of-the-art Cinnamon Life complex. HCL continues to expand and grow in Sri Lanka and this new facility will be its largest in the country, accommodating 4,000 employees.
HCL entered Sri Lanka in 2020 with the aim to make it a global technology and IT services delivery hub for some of the largest corporations in the world. In continuation with its commitment to build first class capabilities and create local employment, HCL intends to occupy 80% of Cinnamon Life, a project by John Keels, with plans of taking up 10 floors now and 10 floors at a later stage. The architectural design and world class interiors of HCL’s new development center has been delivered by Tikri Bibile Associates (TBA), supported by WIDAC Commercial Interiors Pvt Ltd and Leema Associates. From this new development HCL will provide IT services to global clients in the areas of digital applications and system integration services, product development and support, and infrastructure management services including digital workplace solutions.
The Honorable Finance Minister of Sri Lanka, Basil Rajapaksa and His Excellency Gopal Baglay, Indian High Commissioner to Sri Lanka, inaugurated the office in the presence of Prateek Aggarwal, Chief Financial Officer, HCL Technologies, Srimathi Shivashankar, Corporate Vice President, HCL Technologies, and Krishnan Balendra, Chairman, John Keels.
“As a nation, we are thankful for the opportunities HCL continues to offer our youth and make them global IT professionals,” said Basil Rajapaksa, Honorable Finance Minister of Sri Lanka. “The company’s commitment and growth drive in Sri Lanka are also reflective of the long-term business resilience of Colombo’s ascent as a commercial hub in South Asia. I take this opportunity to congratulate the management of HCL Technologies and extend my very best wishes.”
“We are delighted to welcome HCL as the anchor commercial tenant for ‘The Offices’ at Cinnamon Life, and to provide a platform for their growth in Sri Lanka,” said Krishnan Balendra, Chairman, John Keels. “HCL will most certainly add tremendous value to the Cinnamon Life development and community. The team at HCL will experience the full benefit of working in our landmark integrated development with the conveniences of the hotel, mall, residential and convention facilities just a few steps away.”
“Since the time HCL entered into Sri Lanka, it has been on a growth path,” said His Excellency Gopal Baglay, High Commissioner of India to Sri Lanka. “It is extremely heartening to see how HCL is not only building a talent pool in the country but also working to create thousands of jobs for Sri Lankan youth and bringing global opportunities to Sri Lanka.”
“Sri Lanka is one of HCL’s key global delivery hubs and we are very excited to continue expanding our operations in the country with the opening of our new office here,” said Prateek Aggarwal, Chief Financial Officer, HCL Technologies.
In Sri Lanka, HCL Technologies recently surpassed a milestone of recruiting more than 1,000 local employees, including recent graduates and seasoned industry professionals.
“With Cinnamon Life’s strategic location at the heart of Colombo, this iconic signature structure reflects of HCL as a next-generation global technology company that constantly reimagines business for a digital age,” said Srimathi Shivashankar, Corporate Vice President, HCL Technologies.
About HCL Technologies
HCL Technologies (HCL) empowers global enterprises with technology for the next decade, today. HCL’s Mode 1-2-3 strategy, based on its deep-domain industry expertise, client-centricity and entrepreneurial culture of Ideapreneurship™, enables businesses to transform into next-gen enterprises.
HCL offers its services and products through three business units: IT and Business Services (ITBS), Engineering and R&D Services (ERS) and Products & Platforms (P&P). ITBS enables global enterprises to transform their businesses through offerings in the areas of applications, infrastructure, digital process operations and next-generation digital transformation solutions. ERS offers engineering services and solutions in all aspects of product development and platform engineering. P&P provides modernized software products to global clients for their technology and industry-specific requirements. Through its cutting-edge co-innovation labs, global delivery capabilities and broad global network, HCL delivers holistic services in various industry verticals, including Financial Services, Manufacturing, Technology and Services, Telecom and Media, Retail and CPG, Life Sciences and Healthcare, and Public Services.
As a leading global technology company, HCL takes pride in its diversity, social responsibility, sustainability, and education initiatives. For the 12 months ended September 30, 2021, HCL had consolidated revenue of $10.82 billion. Its more than 187,000 ideapreneurs operate out of 50 countries.
For more information, visit www.hcltech.com.
Certain statements in this release are forward-looking statements, which involve a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from those in such forward-looking statements. All statements, other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to the statements containing the words 'planned', 'expects', 'believes’,’ strategy', 'opportunity', 'anticipates', 'hopes' or other similar words. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding impact of pending regulatory proceedings, fluctuations in earnings, our ability to manage growth, intense competition in IT services, business process outsourcing and consulting services including those factors which may affect our cost advantage, wage increases in India, customer acceptances of our services, products and fee structures, our ability to attract and retain highly skilled professionals, our ability to integrate acquired assets in a cost-effective and timely manner, time and cost overruns on fixed-price, fixed-timeframe contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, the success of our brand development efforts, liability for damages on our service contracts, the success of the companies /entities in which we have made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property, other risks, uncertainties and general economic conditions affecting our industry. There can be no assurance that the forward-looking statements made herein will prove to be accurate, and issuance of such forward-looking statements should not be regarded as a representation by the Company, or any other person, that the objective and plans of the Company will be achieved. All forward-looking statements made herein are based on information presently available to the Management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.
For further details, please contact:
Meenakshi Benjwal, Americas
Dipshikha Bhattacharyya, EMEA
Devneeta Pahuja, India and APAC