HCL Full Form: Hindustan Computers Limited
HCL Full Form: Hindustan Computers Limited (HCL) is an Indian multinational information technology company headquartered in Noida, Uttar Pradesh, India. Established in 1976 by a group of engineers from the Indian Institute of Technology, Delhi, HCL provides IT services and products to large enterprises and governments. It is a Fortune Global 500 company and was ranked 43rd on Forbes’ 2018 list of “India’s Best Under a Billion” companies. In the fiscal year 2017-2018, it reported a revenue of US$7 billion with an operating profit of US$1 billion.
Origins and Development: HCL Full Form
HCL Infosystems, as it is commonly known, traces its origins to 1973 when it began its operations in an old paan shop in the Industrial area of Visakhapatnam, Andhra Pradesh, India. Founded by Viswanath Kuppuswamy Pillai, HCL was the pioneer in developing a microprocessor-based personal computer in India. It introduced the HCL IIS microprocessor in 1975 and officially acquired the enterprise on June 25, 1976. Over time, HCL successfully developed and marketed PC-based computers, gaining a significant share in the global microprocessor market. HCL Full Form
Ownership and Recognition:
Despite its significant contributions to the IT industry, HCL often does not receive the credit it deserves. The company, with its headquarters in Noida, New Delhi, is listed on the all-India BSE 500 index, with a market capitalization of $14.6 billion. HCL is affiliated with prestigious organizations such as the CII, FICCI, and NASSCOM.
Services Offered: HCL Full Form
While HCL initially focused on manufacturing IT products, its primary emphasis now lies in outsourcing IT services to other businesses. With the growing demand for IT services, HCL (HCL Full Form) recognized the opportunity to cater to large clients efficiently and cost-effectively. In 2015, the company recorded $20 billion in IT outsourcing, highlighting its significant presence and impact in the industry. Despite its focus on serving major corporations, HCL also extends its services to startups and small businesses.
The Future of HCL: HCL Full Form
With its blend of technology and talent, HCL has the potential to emerge as a leading force in the fast-paced, technology-driven IT sector. By fully leveraging the ongoing technological revolution, HCL aims to play a pivotal role in contributing to the country’s development.
The Business of HCL:
HCL Enterprise operates across four key business segments: Cloud and Connectivity, Healthcare IT and BT Marketing, and IT Services. In fiscal year 2017, HCL reported revenues of Rs. 2,600 crore in India and Rs. 9,480 crore in Europe. The company positions itself as a comprehensive technology provider, offering services across various domains such as technology outsourcing, development, product engineering, data management, analytics, and consultancy. HCL Full Form
HCL’s services encompass business applications and platforms, knowledge process outsourcing, as well as development, design, and management solutions. As per HCL’s financial statements for FY16, the company had an employee headcount of 26,100 in India and 23,250 in the Europe, Middle East, and Africa (EMEA) region.
The Work of HCL: HCL Full Form
At its core, HCL is driven by a fundamental mission to create technology solutions that enhance people’s lives. The company focuses on organic service delivery, offering a wide range of services to its customers. Leveraging its expertise in application development, infrastructure management, and lifecycle services, HCL aims to address customer needs effectively. By applying in-house technologies tailored to client requirements, HCL has established itself as the preferred IT services partner for many clients.
Evolving Technology:
From its origins as a personal computer manufacturer, HCL has evolved into a comprehensive IT solutions provider. As part of the TCS Group, which boasts over two decades of experience, HCL has transitioned into offering a full spectrum of IT services.
Conclusion:
HCL, short for Hindustan Computers Limited, is a multinational IT company founded in 1976. Headquartered in Noida, India, HCL (HCL Full Form) is poised to continue its growth trajectory and contribute significantly to the IT landscape.
FAQs about HCL Full Form
What is the full form of HCL?
The full form of HCL is Hindustan Computers Limited.
When was HCL established, and by whom?
HCL was established in 1976 by a group of engineers from the Indian Institute of Technology, Delhi.
What are the primary services offered by HCL?
HCL primarily offers IT services and products to large enterprises and governments. These services include technology outsourcing, development, product engineering, data management, analytics, and consultancy.
What is HCL’s market recognition and affiliation?
HCL is a Fortune Global 500 company and was ranked 43rd on Forbes’ 2018 list of “India’s Best Under a Billion” companies. It is affiliated with prestigious organizations such as the CII, FICCI, and NASSCOM.
How does HCL envision its future role in the IT sector?
HCL aims to leverage technology and talent to emerge as a leading force in the fast-paced, technology-driven IT sector. It intends to contribute significantly to the country’s development by fully harnessing the ongoing technological revolution.