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HCLTech

Indian IT services group with 8,500+ cybersecurity professionals and ten fusion centres

Overview

HCL Technologies reported consolidated FY2026 revenue of ₹1,30,144 crore, up 11.2% from ₹1,17,055 crore a year earlier[7]. It has three lines of business: IT services, engineering and R&D services, and enterprise software products, the last of which sets it apart from most peers[7]. Its company profile cites about 2.30 lakh employees and operations in more than 60 countries; the company listed on Indian exchanges through an IPO in 1999[7]. FY2026 net profit was ₹16,652 crore on the same compiled basis[7]. It ranks 3rd of the 50 companies here, behind Infosys, with revenue equal to 48.7% of that of TCS. Its year-on-year revenue change ranks 27th of the 47 companies for which a prior-year figure was available.

HCLTech strengths and limitations

Strengths

  • Large engineering and R&D services practice
  • Owns a software products portfolio alongside services
  • Broad infrastructure portfolio including networks and digital workplace
  • Grew revenue in both USD and constant currency in fiscal 2026

Limitations

  • Product and services businesses can compete for management attention
  • Pricing for small projects is quote-based and geared to enterprise contracts
  • Software arm (HCLSoftware) declined slightly, adding product exposure
  • FY2027 growth guidance of 1% to 4% is modest

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