NEW DELHI: HCLTech marked 25 years on January 18, since its initial public offering (IPO) with a celebratory bell-ringing ceremony at the National Stock Exchange (NSE) in Mumbai.
The company went public on 11 January 2000 and has since grown into one of the largest India-headquartered global IT services firms, emerging as a leader in the IT industry.
The event was attended by Ashishkumar Chauhan, MD and CEO of NSE, and C Vijayakumar, CEO and managing director of HCLTech.
An investment of Rs 58,000 for 100 shares during its IPO is now worth approximately Rs 32 lakh (excluding dividends) after 25 years, according to the company. Over this period, shareholders also received a total dividend amounting to Rs 4.5 lakh.
Public data revealed that HCLTech delivered returns more than 1,300 per cent to its shareholders over the past 25 years. Notably, since the start of the Covid-19 pandemic, the company’s shares have surged by around 200 per cent.
By December 2024, the company’s revenue grew from $166 million in FY1999 to $13.8 billion, reflecting a compound annual growth rate (CAGR) of 19 per cent. Similarly, net profit rose from $22 million to $2 billion during the same period, with a CAGR of 19.4 per cent.
To commemorate the milestone, the company announced a special dividend of Rs 6 per share, alongside its interim dividend, and noted its impressive streak of paying dividends for 88 consecutive quarters.
From employing fewer than 3,000 people in 2000, HCLTech now boasts a workforce of over 220,000 employees, representing 167 nationalities and operating across 60 countries.
“HCLTech has evolved into one of the finest global companies out of India with world class corporate governance, sustainability and social responsibility at its core as envisioned by our Founder Shiv Nadar.
With our differentiated portfolio and core DNA of engineering and innovation, we are well positioned to continue bringing together the best of technology and our people to supercharge progress,” said Roshni Nadar Malhotra, chairperson of HCLTech.
The company has delivered a total shareholder return at a CAGR of 20.6 per cent over the past 25 years, cementing its reputation as a powerhouse in the IT services sector.
