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HCLTech

HCLTech is a global technology services company specializing in intelligent document processing, AI-driven automation, and enterprise transformation solutions.

HCLTech

Overview

HCLTech has evolved from traditional IT services to become a leader in AI-driven transformation, achieving market-leading revenue growth of 8.1% year-over-year in Q1 2025 while competitors struggled with single-digit growth. The company distinguished itself by becoming the first Indian IT firm to report standalone AI revenue of $100 million in Q2 FY26, representing 3% of total revenues.

Under CEO C Vijayakumar's leadership through 2030, HCLTech has pursued aggressive expansion through strategic acquisitions, spending $400 million in December 2025 on Jaspersoft ($240M), HPE's Telco Solutions ($160M), and Wobby ($5.3M) to strengthen AI and data analytics capabilities. The company continued this momentum with the acquisition of Singapore-based Finergic Solutions for $14.88 million in January 2026.

HCLTech's strategic positioning emphasizes responsible AI adoption, with Chairperson Roshni Nadar Malhotra stating AI serves as a "co-pilot to augment human capabilities, not replace them", contrasting with industry-wide layoffs. The company achieved the highest quarterly margin improvement of 110 basis points to 17.4% through its Project Ascend program.

Key Features

  • AI Force platform for integrated managed services and hyper-automation
  • Advanced AI portfolio including Agentic AI, physical AI, and robotics
  • Business intelligence and embedded analytics through Jaspersoft acquisition
  • Natural language data querying capabilities via Wobby integration
  • Physical AI innovation lab with Nvidia in Silicon Valley
  • Temenos banking platform expertise serving 40+ global banks

Use Cases

Financial Services Transformation

HCLTech achieved 8.1% BFSI vertical growth in Q3 FY26, outperforming competitors through AI-powered core banking modernization and wealth management solutions enhanced by the Finergic acquisition.

Industrial AI and Physical AI

The company launched a physical AI innovation lab with Nvidia in November 2025 targeting manufacturing, logistics, energy, and mining applications with autonomous systems deployment.

Telecommunications Transformation

Through HPE acquisitions, HCLTech supports Communication Service Providers' transformation into technology companies, advancing the "telcos to techcos" shift.

Technical Specifications

Component Details
AI Revenue $146 million with 19.9% sequential growth (Q3 FY26)
Global Delivery Strategic offshoring through Project Ascend program
Workforce 12,000 freshers hired in FY26, doubling previous year
Market Position 9 basis points YoY market share gain in Q2FY26
Operating Margin 17.4% (110 bps improvement in Q2 FY26)

Resources

Company Information

Headquarters: Noida, India
Website: https://www.hcltech.com