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HCL Technologies the World’s Fastest-Growing Company Reshaping IT Landscape in Sri Lanka

HCL Technologies is a next-generation global technology company that helps enterprises reimagine their businesses for the digital age. HCL technology products, services and engineering are built on four decades of innovation, with a world-renowned management philosophy, a strong culture of invention and risk-taking and a relentless focus on customer relationships. With a worldwide network of R&D, innovation labs and delivery centres, and 168,000+ ‘Ideapreneurs’ working in 50 countries, HCL serves leading enterprises across key industries, including 250 of the Fortune 500 and 650 of the Global 2000.
In September 2020, HCL Technologies set up its global delivery centre in Sri Lanka with the aim of creating more than 3,000 jobs in the country over the duration of three to five years. To date, HCL has employed over 500 skilled individuals in Sri Lanka despite the Covid-19 pandemic challenges.
HCL Technologies recently crossed the US$ 10 billion revenue mark and is among the five largest technology services companies in India. It was also ranked No.30 on Forbes’ 2020 list of ‘World’s Best Employers’ – a proven testament to its efforts and commitment to its employees and the business.
Although 2020, was one of the most challenging years faced in every economy, HCL overcame this challenge and performed with industry-leading growth. In fact, the company was the fastest growing large technology company globally for the fourth consecutive year with a revenue and net income growth of 17.0% and 9.3% respectively.
In FY21 which ended on 31st March 2021, the company won 19 new large deals across multiple industries, including Financial Services, Life Sciences and Healthcare as well as, consumer goods and manufacturing. HCL’s revenue stood at US$ 10,175m delivering annual growth at 1.1 % during FY21.
A Culture of Ideapreneurship™
For 44 years, HCL’s has maintained this incredible business momentum while being a positive impact in society thanks to its people-centric culture. One of the core elements of that culture is the concept of ideapreneurship™ – where brilliant ideas and entrepreneurial spirit come together from all levels of the company, unleashing the potential of over 168,000 employees across 50 countries.
For employees at HCL, innovation is not just another word, it’s a way of life, cultivated from a journey that began in 1976 and continues to drive us to the future even today, where the licence to come up with fresh ideas is open to all. Each employee, in leadership or not is committed to this culture and mind set.
This empowers the people, allowing the Company to reach new heights, discover new and better ways of doing things, and create partnerships to overcome challenges. It is a culture that recognises the untapped potential of each employee, irrespective of designation or seniority, and encourages them to participate in everyday innovation.
Services and Products
Businesses across industries stand at an inflection point today. Far-reaching disruption fueled by technologies like Digitalisation, Analytics, Cloud, IoT and Automation mean these technologies lie at the core of any enterprise that is trying to reinvent itself. As the demand for these services increase, HCL Technologies is accelerating its evolution into a next-generation technology services firm through HCL’s Mode 1-2-3 strategy.
HCL’s Mode 1-2-3 strategy helps future proof our customers’ business, by deploying a concurrent, three-point spotlight on the existing core of their business, new growth areas as well as the ecosystems of the future. As detailed below, each of the three modes have distinct outcomes and growth potential.
Mode 1 services include traditional IT services with an Agile and Service Oriented working model including IT Infrastructure, Application Services, Engineering and R&D, and BPO services.
Mode 2 services include emerging lines of technology which support the experience centric and outcome oriented models of modern businesses. HCL provides advisory as well as execution services for technologies such as Internet of Things (IOT), Digitalization, Cloud and Security services.
HCL’s Mode 3 services involve entering partnerships with key players to jointly offer products and platforms in the market. Collectively through our in-house capabilities and our strategic partnerships, HCL offers a comprehensive mix of IT services for a diverse set of business needs.
TechBee Early Career Program
With the aim of creating talented individuals, equipped with the professional expertise and talent to join the highly specialised work force of ICT, HCL is committed to discover deserving talent across the country and provide them with the opportunity to succeed.
In March, the Company launched an early career program for students who completed their A Level examinations called TechBee, which provides students with the opportunity to begin their career in IT right after A Levels. The program equips selected candidates with future-ready IT skills, which otherwise are performed by IT graduates.
The TechBee program redefines one’s career path by providing an early start. Instead of waiting to start a professional career after graduation, HCL TechBee students can begin their career in IT with HCL within a year on enrolling for the program, while actively pursuing their higher education, studying for a BSc (Hons)/ BIT degree from the University of Moratuwa, University of Colombo or with Horizon Campus.
HCL believes that the path to financial independence should start young, which is why those who participate in HCL’s TechBee program will receive a monthly allowance and on completion of the program will get assured employment with a starting salary that is on par with industry standards.
Prioritising Sustainability
Sustainability is a priority for HCL which is why it’s implemented into the strategy, culture and day-to-day operations of the Company.

The Company focuses on areas where it can make the most impact: health, education, technology, employment and people who are denied the benefits afforded by science, technology, and innovation.
Guided by the United Nations Sustainable Development Goals, the Company’s sustainability priorities are organised into four categories:

  1. Responsible Business: The 2020 honourees of HCL’s annual ‘Wavemakers’ Award, which recognises champions of social causes, was announced at the World Economic Forum annual meeting in Davos, Switzerland.
  2. Redefine Workplaces: HCL held 19 major global events on International Women’s Day to strengthen its commitment to women’s empowerment and to celebrate the contributions of women in the organisation.
  3. Give Back to Society: In South Africa, HCL is partnering with not-for-profit Safe-Hub on a major campaign to provide digital labs for at-risk teens to help them develop computer skills.
  4. Renewing Eco systems: At HCL, new data-centres use low-powered blade servers and more energy-efficient uninterruptible power supplies which can use 70% less power than a legacy UPS.

To learn more about HCL in Sri Lanka, visit www.hclsrilanka.com.

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