Sudhindar Krishan Khanna joins HCL Technologies Board
Noida, India, November 07th, 2011 – HCL Technologies Ltd. (HCL), a leading global IT services provider, today announced that Sudhindar Krishan Khanna has been appointed as Additional Director on the Board of HCL Technologies.
Mr. Sudhindar Krishan Khanna is the Chairman and Managing Director of IEP Mumbai a leading control oriented PE Fund. He was admitted to the partnership of Accenture in London and then relocated to India to start Accenture’s practice. He was the Country Managing Partner of Accenture in India the Middle East and a lead member of the Accenture global management team. He was responsible for the startup of all major Accenture businesses in India, including consulting, ITO, BPO and KPO. Mr. Khanna serves on the board of United Spirits, Peninsula Holdings, and Canara HSBC Insurance. He received his Bachelor of Arts (Honors) degree in Economics from St. Stephen's College (New Delhi) and is a Chartered Accountant.
Welcoming Mr. Khanna to the Board, Shiv Nadar, Founder, HCL and Chairman, HCL Technologies and Shiv Nadar Foundation, said, "Sudhindher Krishan Khanna’s experience, business leadership and global exposure to financial and IT Industry best practices are an invaluable addition to the Board and the ongoing success of HCL Technologies. I am confident that his unique insights and knowledge will greatly benefit HCL."
Commenting on his appointment, Mr. SK Khanna said, “HCL Technologies is one of the most innovative IT Services companies in the world and it’s an honor to join the board. I’m looking forward to helping the team as HCL Technologies continues its accelerated growth.”
Sudhindar Krishan Khanna’s appointment is effective November 3rd, 2011.
About HCL Technologies
HCL Technologies is a leading global IT services company, working with clients in the areas that impact and redefine the core of their businesses. Since its inception into the global landscape after its IPO in 1999, HCL focuses on ‘transformational outsourcing’, underlined by innovation and value creation, and offers integrated portfolio of services including software-led IT solutions, remote infrastructure management, engineering and R&D services and BPO. HCL leverages its extensive global offshore infrastructure and network of offices in 26 countries to provide holistic, multi-service delivery in key industry verticals including Financial Services, Manufacturing, Consumer Services, Public Services and Healthcare. HCL takes pride in its philosophy of ‘Employees First, Customers Second’ which empowers our 80,520 transformers to create a real value for the customers. HCL Technologies, along with its subsidiaries, has reported consolidated revenues of US$ 3.7 billion (Rs 16,977 crores), as on 30 September 2011 (on LTM basis). For more information, please visit www.hcltech.com
HCL is a $6 billion leading global technology and IT enterprise comprising two companies listed in India – HCL Technologies and HCL Infosystems. Founded in 1976, HCL is one of India's original IT garage start-ups. A pioneer of modern computing, HCL is a global transformational enterprise today. Its range of offerings includes product engineering, custom & package applications, BPO, IT infrastructure services, IT hardware, systems integration, and distribution of information and communications technology (ICT) products across a wide range of focused industry verticals. The HCL team consists of over 85,000 professionals of diverse nationalities, who operate from 31 countries including over 500 points of presence in India. HCL has partnerships with several leading global 1000 firms, including leading IT and technology firms. For more information, please visit www.hcl.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-time frame 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.
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