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Tag: HCL Technologies

  • ShareChat ropes in Neha Markanda as chief business officer

    ShareChat ropes in Neha Markanda as chief business officer

    MUMBAI: Homegrown social media firm ShareChat (Mohalla Tech) has named Neha Markanda as its new chief business officer, handing her the mandate to scale revenues and deepen advertiser engagement across its flagship ShareChat app and short-video platform Moj.

    Markanda joins from Google, where she spent over three years as head of industry for e-commerce. She earlier led business marketing at Facebook India, and held senior roles at GSK Consumer Healthcare, where she steered brand strategy for Horlicks and family nutrition.

    Her two-decade career spans consumer goods and technology, including stints at HCL Technologies, PepsiCo—where she managed Tropicana, Pepsi Max and Gatorade—and ITC.

    At ShareChat, she will be tasked with sharpening revenue strategy, strengthening advertiser partnerships and pushing growth in a market where short-video and vernacular social platforms are battling for both user attention and ad dollars.

  • Swiggy onboards Akanksha Jain in top public relations & communications role

    Swiggy onboards Akanksha Jain in top public relations & communications role

    MUMBAI: She announced her departure from BharatPe around three weeks ago. And, today, food delivery firm Swiggy announced Akanksha Jain’s appointment as assistant vice-president – public relations & communications.

    Akanksha has been associated with the communications profession, building and safeguarding brand reputations for various businesses across India and 30 markets globally for the past 18 years.

    A crisis communications specialist, Akanksha has built and led 360-degree brand communications and reputation campaigns, spearheading PR and communication strategies for technology, SMEs, and new-age companies across e-commerce and fintech companies. Amongst them: HCL Technologies, John Keells Holdings, Askme,  Power2SME, VLCC, Mobikwik, PineLabs, and finally BharatPe.

    An advocate of new-age communications, she has focused on creating strategies that are closely aligned with the brand’s purpose.

    Additionally, she has collaborated with renowned industry associations to drive public policy and build thought leadership around sustainability-led initiatives. 

  • HCL Technologies reports strong Q2FY25 with 8 per cent revenue growth

    HCL Technologies reports strong Q2FY25 with 8 per cent revenue growth

    Mumbai: HCL Technologies showcased a robust financial performance for the second quarter of FY25, ending 30 September 2024, with an 8 per cent year-over-year growth in revenue, driven by solid gains across its key business segments. The company’s board of directors, during a meeting on 14 October, approved the unaudited financial results and declared an interim dividend of Rs. 12 per share. This underscores HCL’s commitment to delivering consistent value to its shareholders amid the dynamic global tech landscape.

    The company recorded consolidated revenue from operations amounting to Rs. 28,862 crore, an increase from Rs. 26,672 crore during the same period last year. The growth was fueled by a rise in demand across IT & business services, which contributed Rs. 21,544 crore, and the engineering and R&D services segment, with revenues of Rs. 4,545 crore. HCL software also posted a healthy rise, achieving Rs. 2,773 crore in revenue.

    Profit before tax for the quarter stood at Rs. 5,687 crore, while the net profit reached Rs. 4,237 crore, showing an increase compared to Rs. 3,833 crore in Q2FY24. “Our strong financial performance in Q2FY25 is a testament to the resilience of our diversified business portfolio and our focus on delivering customer-centric innovations,” stated  HCL Technologies, CEO and MD, C. Vijayakumar.

    The approved interim dividend of Rs. 12 per share is set to be paid out on 30 October 2024, to shareholders on record as of 22 October 2024. The company’s ability to sustain dividend payouts reflects its solid financial health and cash flow management.

    HCL Technologies reported a total comprehensive income of Rs. 4,793 crore for Q2FY25. The company’s cash flow from operations reached Rs. 9,349 crore for the six months ending September 2024, underscoring its liquidity position. Total assets amounted to Rs. 99,763 crore, with an equity base of Rs. 68,887 crore.

    The balance sheet showed a slight increase in current liabilities to Rs. 21,626 crore, which aligns with seasonal trends in the technology sector. Non-current liabilities also rose marginally to Rs. 9,250 crore, reflecting increased lease obligations.

    Segment Performance:

    – IT and Business Services: This segment continued to be the primary revenue driver, witnessing a 8.2 per cent growth year-on-year, reaching Rs. 21,544 crore. The segment also recorded improved profitability due to efficiency enhancements.

    – Engineering and R&D Services: The segment saw an impressive 5.9 per cent rise in revenue to Rs. 4,545 crore, buoyed by increased investment in digital engineering initiatives.

    – HCL Software: Showing resilience, the software segment’s revenue increased to Rs. 2,773 crore, backed by strong licensing activity and cloud adoption trends.

    The quarter also marked the divestment of the company’s stake in a joint venture with State Street, generating a gain reflected in the Q1FY25 financials. This strategic move allows HCL to focus on core competencies while streamlining its portfolio.

    Looking forward, HCL Technologies remains optimistic about sustaining growth through digital transformation initiatives, with a particular focus on artificial intelligence and cloud services. While challenges such as global economic uncertainties and fluctuating exchange rates persist, the company’s diversified service offerings and strategic investments are expected to support stable growth.

    Pix courtesy HCL Tech annual report

  • ONDC announces the appointment of Rachita Gupta as vice president – communications

    ONDC announces the appointment of Rachita Gupta as vice president – communications

    Mumbai: Open Network for Digital Commerce (ONDC), an initiative of the Department of Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce, Government of India, recently announced its leadership appointment of Rachita Gupta as vice president of communications.  In her current role, Rachita is entrusted with leading the Communications function with a clear mandate to build the brand of ONDC and drive leads for network expansion.

    A seasoned marketing professional, equipped with an MBA from IMT, Ghaziabad, and an Executive Leadership Certificate from Cornell University, Rachita comes with two decades of multi-industry experience in marketing, digital marketing, brand communications, sales strategy, and strategic alliances across varied sectors.

    She has an extensive background working with esteemed companies such as Tech Mahindra, HCL Technologies, Pearson Education and Idea Cellular. In her previous role at Tech Mahindra, Rachita spearheaded global marketing efforts for Emerging Technologies, covering pivotal areas such as Data Analytics, AI, Gen AI, Metaverse, Cybersecurity, and SaaS.

    ONDC MD & CEO T Koshy said “We are delighted to have Rachita onboard. Her extensive experience combined with proven strategic acumen makes her an invaluable asset in driving our next growth phase. ONDC is confident that Rachita Gupta’s expertise, innovative approach, and profound understanding of many industries will play a pivotal role towards the Network’s success in future”.

    Expressing her enthusiasm for the role Rachita Gupta VP of communications said, “ONDC  is a pioneering initiative with immense impact potential and I am excited to be a part of this Network, particularly at a juncture where it is set to transform the entire e-commerce ecosystem. ONDC’s vision to create a no-barrier, open network through innovation, technology, and a customer-centric approach perfectly resonates with my own values. I look forward to collaborating with the talented team to drive excellence at every phase of the Network’s growth and expansion.”

  • The collective wealth of India’s 100 Richest was flat at $799 billion this year.

    The collective wealth of India’s 100 Richest was flat at $799 billion this year.

    Mumbai: In a dramatic shift in the pecking order at the top, Mukesh Ambani reclaims the number one position on the 2023 Forbes list of India’s 100 Richest. The collective wealth of India’s 100 Richest was flat at $799 billion this year. The complete list is available at www.forbes.com/india and www.forbesindia.com. The list can also be found in the October issue of Forbes Asia and the December issue of Forbes India.  

    India is on a high after hosting the G20 Summit in New Delhi this September and becoming the fourth country to land a spacecraft on the moon. Reflecting this sentiment, India’s stock market has risen to 14 per cent since fortunes were last measured. However, that jump, tempered by a  weaker rupee, was not reflected in the collective net worth of India’s 100 Richest, which flatlined at $799 billion.  

    Mukesh Ambani, who transformed his Reliance Industries into a diversified conglomerate, reclaims the number one spot with a net worth of $92 billion. Shortly after spinning off and listing Jio Financial Services, which has an asset management joint venture with BlackRock, Ambani cemented his succession plan by appointing his three children to Reliance’s board as non-executive directors in August.  

    The fortune of infrastructure magnate Gautam Adani, who rose meteorically to overtake Ambani as India’s richest person for the first time last year, reversed dramatically after a damaging report by U.S. short-seller Hindenburg Research in January sent his group’s shares tumbling. Despite recovering somewhat since, his net worth, which includes that of his family, fell by a whopping $82 billion to $68 billion – down the most in both dollar and percentage terms – and he slips back into second place.  

    Software tycoon Shiv Nadar climbs two spots to return to No. 3 with a fortune of  $29.3 billion, as shares of HCL Technologies jumped 42 per cent in the past year amid a tech rebound. Matriarch Savitri Jindal, of the O.P. Jindal Group, a power and steel conglomerate, ranks number four with $24 billion, up 46 per cent, thanks partly to the September IPO of ports unit JSW  Infrastructure, by her son Sajjan Jindal. Rounding out the top five is Radhakishan Damani of  Avenue Supermarts, whose fortune declined to $23 billion from $27.6 billion previously.

    Forbes Asia, Asia wealth editor and India editor Naazneen Karmali said: “India is riding high and is considered a hot spot by global investors. That buoyancy has made the elite  club of India’s 100 Richest even more exclusive this year, with the minimum net worth to make  the cutoff rising to a record $2.3 billion.”  

    The biggest percentage gainer this year is Inder Jaisinghani at number 32 with $6.4 billion. His family’s net worth nearly doubled as his wires and cables company, Polycab India,  benefited from increasing electrification. Pharma brothers Ramesh and Rajeev Juneja got a  handsome 64 per cent boost from the May listing of their Mankind Pharma, bringing them to number 29 with $6.9 billion. The Juneja siblings also appear on the cover of the October issue of Forbes Asia.

    There are three new entrants this year: Renuka Jagtiani, chairwoman of Landmark Group, a Dubai-headquartered retailing giant, enters the list at number 44 with $4.8 billion, following the passing of her husband Micky Jagtiani in May. Also new to the list is the Dani family (number 22, $8 billion) of Asian Paints, heirs of patriarch Ashwin Dani, who died in  September. The third newcomer is garment exporter K.P. Ramasamy (number 100, $2.3 billion),  founder and chairman of K.P.R. Mill.  

    Among the seven returnees this year is Ranjan Pai (number 86, $2.75 billion), who cashed out $1 billion from selling part of his stake in hospital chain Manipal Health Enterprises to  Singapore’s Temasek. Notable among the eight drop-offs are ed-tech couple Byju Raveendran and Divya Gokulnath, whose firm Byju’s saw its valuation marked down drastically amid myriad challenges.  

    The top 10 richest in India are:  

    1) Mukesh Ambani; US$92 billion  
    2) Gautam Adani; $68 billion  
    3) Shiv Nadar: $29.3 billion  
    4) Savitri Jindal; $24 billion  
    5) Radhakishan Damani; $23 billion  
    6) Cyrus Poonawalla; $20.7 billion  
    7) Hinduja Family; $20 billion  
    8) Dilip Shanghvi; $19 billion  
    9) Kumar Birla; $17.5 billion  
    10) Shapoor Mistry & Family; $16.9 billion

    This list was compiled using shareholding and financial information obtained from the families and individuals, stock exchanges, analysts and India’s regulatory agencies. The ranking lists family fortunes, including those shared among extended families such as the Bajaj and Godrej families. Public fortunes were calculated based on stock prices and exchange rates as of September 22. Private companies were valued based on similar companies that are publicly traded. The list can also include foreign citizens with business, residential or other ties to the country, or citizens who don’t reside in the country but have significant business or other ties to the country.

  • HCL Technologies onboards Jill Kouri as new CMO

    HCL Technologies onboards Jill Kouri as new CMO

    Mumbai: HCL Technologies has announced the appointment of Jill Kouri as its global chief marketing officer (CMO).

    In her new role, Kouri will lead the company’s global marketing programmes to advance HCL’s focus on helping companies reimagine their business for the digital age.

    “As HCL continues to drive its strategy to be the digital partner of choice for global enterprises and reinforce its industry-leading ESG practices, it is imperative to strengthen our marketing leadership,” said HCL Technologies’ CEO & MD, C Vijayakumar. “Jill brings rich experience in areas from purpose articulation and global brand building to demand generation and sales enablement, and we are thrilled to welcome her to our leadership team.”

    Kouri joins HCL Technologies most recently from JLL, where she was CMO, Americas, for seven years. Prior to that, she spent 14 years in senior marketing leadership roles at Accenture.

    “While I was familiar with HCL Technologies at a high level, I was completely in awe of the organization’s rich history, culture, and focus on innovation and entrepreneurial mindset,” Kouri said. “HCL is at a critical point in its journey, having reached the $10 billion revenue mark, and I am excited to lead the efforts to create more widespread brand awareness and affinity, all while driving a very strong growth agenda.”

  • Sanjay Berry rejoins Siti Networks

    Sanjay Berry rejoins Siti Networks

    MUMBAI: Sanjay Berry has been appointed as chief financial officer of Siti Networks.

    Berry joined Siti Network in December 2016 but after four months he quit the organisation. Prior to this, he was working with Bharti Airtel as corporate financial controller.  

    In his 25 years of work life he has had experience with computer sciences corporation, Patni Computer  Systems,  HCL  Technologies  and  Arthur  Andersen  &  Associates.  

    Commenting on the appointment,  chief business transformation officer  Rajesh Sethi said, “We welcome back Sanjay Berry on board. He brings with him specialized expertise of handling the finance function at large & diverse range of industries.  Siti Networks  has  been  a  pioneer  in  compliances  and  adherence  to regulations.  Berry will play an instrumental role in further strengthening systems, processes  &  compliances.  He  also  brings  to  us  a  competitive  edge  in  strategizing business, and accomplishing organizational goals.”

    Berry will be based at the corporate office of Siti Networks, Noida.

    Also Read:

    Siti Networks appoints Sanjay Berry as CFO

    Siti Networks’ operating profit more than doubles in first quarter

  • HCL Tech fastest growing services brand: Brand Finance

    HCL Tech fastest growing services brand: Brand Finance

    MUMBAI: HCL Technologies, a leading global IT services provider, has emerged as the fastest growing global IT services brand in the world moving upwards by 122 ranks over the last year, in the 2017 Brand Finance Global 500 report. HCL’s brand value has surged by 38% over the last year. HCL now ranks at number 378th with a brand value of $4,463 million and AA+ brand rating.

    Brand Finance CEO David Haigh said “Digital and technology brands have made great strides in the 21st century, reflected in their soaring valuations. Amongst leading global brands that we have tracked, of great interest is HCL Technologies, which has become the fastest growing global IT services brand. It already has an industry leading brand rating of AA+, which is likely to improve as a result of its focused Mode 1-2-3 strategy, strong brand promise and employee culture, in turn leading to continued, strong brand value growth for HCL”.

    HCL Technologies CMO Matt Preschern said, “This is a proud moment for over 110,000 HCLites. Our strategic and best-in-class initiatives augmenting our capabilities across the technology ecosystem, have made us a partner of choice for the 21st Century Enterprises. We have been working very hard in creating significant business value for our stakeholders, empowering our employees and sustaining positive impact on the ecosystem. The continuous growth in HCL’s brand demonstrates our strength across all parameters of evaluation and the value we are creating for customers through our Mode 1-2-3 strategy”.

    The methodology adopted by Brand Finance includes assessing the business model, customer satisfaction & engagement, employee engagement, CSR & community engagement and business performance. HCL has been recognized for consistently creating exceptional value for its customers through its unique Mode 1-2-3 business strategy strengthened by the promise of Relationship Beyond the Contract (RBtC) powered by the Ideapreneurship–led culture that fosters grass–root innovation, providing an opportunity to 110,000+ ideapreneurs to ideate, collaborate and create everyday innovative ideas to solve customer’s business problems.

    Earlier HCL won the ITSMA Diamond Award for ‘Building Brand differentiation’ at the 2016 Marketing Excellence Awards, for its innovative “GetAJob@HCLTech” campaign, a first ever in its category. HCL became India’s most preferred millennial employer, surpassing established brands across ecommerce, telecom, technology and FMCG. The Economic Times also recognized HCL amongst top 10 brands in its ‘India’s Top 100 Brands’, 2016 study.

  • Olivier Legrand to succeed Hari Krishnan as LinkedIn APAC MD

    Olivier Legrand to succeed Hari Krishnan as LinkedIn APAC MD

    MUMBAI: LinkedIn has appointed Olivier Legrand as its managing director for the Asia-Pacific region, effective 1 January, 2016.

     

    He will succeed Hari Krishnan, who is incidentally LinkedIn’s first employee in Asia. Krishnan, who has been managing director for the Asia-Pacific region since January 2013, is leaving the company after a stint of six years. Prior to his most recent post, he served as LinkedIn country manager for India from November 2009 to December 2012, Krishnan is slated to join PropertyGuru Group as president and chief business officer.

     

    Krishnan oversaw business in the region that continues to post healthy growth, including a member base that more than doubled to 78+ million (as at Q3 2015) in less than three years. This includes 33+ million in India, 7+ million in Australia and 15+ million in S.E. Asia.

     

    The Asia-Pacific region, home to some 40 per cent of the world’s professionals, is a key growth region for LinkedIn. More than 1,000 LinkedIn employees in 10 offices (across Australia, China, Hong Kong, India, Japan and Singapore) serve members and clients such as Singapore Post, Toshiba, HCL Technologies, Li & Fung and ANZ.

     

    “The Asia-Pacific region continues to be a key economic player in an increasingly connected and digital world where new opportunities emerge every day,” Legrand said. “I am excited about the opportunities for LinkedIn to help our members and clients become even more successful. While LinkedIn has come a long way in the region since establishing our presence here in 2009, there’s still a long runway for growth ahead for us.”

     

    Legrand will have a dual role, continuing to serve as head of marketing solutions for LinkedIn in the region.

     

    Singapore-based Legrand, who joined LinkedIn in 2012 to drive the marketing solutions business in the Asia-Pacific region, is a senior executive with more than a decade of leadership, marketing and business development experience in the region.

     

    Before joining LinkedIn, he was General Manager of The Wall Street Journal Digital Network for Asia.