HCL Technologies is a leading Information Technology services and consulting company with its base of operations in Noida, India. This introduction will take you through the company’s journey from inception to becoming a global leader in IT sector.
Back in 1967, Shiv Nadar, an Electrical and Electronics Engineering graduate, began his career at Cooper Engineering Ltd. in Pune. A few years down the line, Nadar had other plans and a clear vision of initiating new frontiers in the IT sector.
In 1976, Nadar with his friends and colleagues started a company that dealt with selling tele-digital calculators in the Indian market. This company was called ‘Microcomp’ which later went on to become today’s – HCL Technologies.
HCL was founded with an initial investment of ₹1,87,000 (around USD 2240 today).
Two years later, HCL built a tech marvel, the 8C Microcomputer. This was launched at about the time Apple launched its first computer. It was a revelation to the world of computers.
An emerging sector wanted to have a skilled workforce, hence NIIT came into force. This organization was headed by Rajendra Pawar, helping the nascent IT sector to overcome its incompetence in Human resources.
HCL went on to invent its in-house Relational Data Base Management System (RDBMS) helping to manage large volumes of data.
Back in 1988, HCL developed its first UNIX computer. This machine used multiple chips in tandem. HCL’s then peers, Hewlett-Packard (HP) and Sun Microsystems were at least 3 years behind in innovating this. Nadar made a courageous move of manufacturing products in California and distributing them in the US, making products, the DNA of HCL.
In order to keep the pricing of the UNIX computers in check, HCL tied up with HP helping to improve its R&D skills and making the mainframes of UNIX affordable to everyone.
In the year 1993, HCL helped the National Stock Exchange to completely digitize its operations, making it more easier and viable. Later on, they also helped in digitizing the banking sector.
HCL launched its IPO in January 2000. It started its trading journey at a premium of ₹142. The price has soared by 7 times in a span of 23 years.
Incidentally, HCL became the first Indian company to sell 1 lakh PCs bringing about a revolution in India.
Today, HCL is an innovation-focused company. They are on the Forbes Global 2000 list and one of the top Big Tech companies in India. C Vijayakumar(CEO, HCL said “I think the most important thing is there are three verticals, financial services, manufacturing, and life sciences, which contribute to 60 percent of services revenue. They have delivered a very strong mid-teen growth; even in this environment, these three verticals have done extremely well. We have challenges in tech and telecom because we saw some more ramped downs during the quarter, more than what we expected and that is what has resulted in a decline in these two verticals, a serious decline. But we do believe things will recover from here on.”
HCL Share Price History
| Year | Share Price | Gain / Loss |
|---|---|---|
| 2000 | ₹ 133.20 | |
| 2001 | ₹ 68.05 | - 48.9% |
| 2002 | ₹ 46.29 | - 32.0% |
| 2003 | ₹ 76.01 | + 64.2% |
| 2004 | ₹ 85.15 | + 12.0% |
| 2005 | ₹ 133.72 | + 57.0% |
| 2006 | ₹ 160.87 | + 20.3% |
| 2007 | ₹ 164.42 | + 2.2% |
| 2008 | ₹ 57.16 | - 65.2% |
| 2009 | ₹ 92.12 | + 61.2% |
| 2010 | ₹ 113.13 | + 22.8% |
| 2011 | ₹ 95.27 | - 15.8% |
| 2012 | ₹ 151.95 | + 59.5% |
| 2013 | ₹ 309.94 | + 104.0% |
| 2014 | ₹ 394.67 | + 27.3% |
| 2015 | ₹ 423.09 | + 7.2% |
| 2016 | ₹ 409.22 | - 3.3% |
| 2017 | ₹ 440.50 | + 7.6% |
| 2018 | ₹ 476.07 | + 8.1% |
| 2019 | ₹ 562.10 | + 18.1% |
| 2020 | ₹ 935.71 | + 66.5% |
| 2021 | ₹ 1,318.40 | + 40.9% |
| 2022 | ₹ 1,039.00 | - 21.2% |
| 2023 | ₹ 1,468.00 | + 41.3% |
| 2024 | ₹ 1,924.80 | + 31.1% |
| 2025 | ₹ 1,702.55 | - 11.5% |
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- During 2000, the share price of HCL Technologies was ₹ 133.2.
- If you had bought shares worth ₹ 2500 in 2000, you would have 188 shares today.
- At the end of 2025, the current value of your shares would be ₹ 319548.
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