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HCL Technologies becomes 4th IT firm to hit Rs 3 trillion market-cap

HCL Technologies becomes 4th IT firm to hit Rs 3 trillion market-cap_50.1

HCL Technologies’ market capitalisation (market-cap) touched Rs 3 trillion for the first time. HCL becoming the fourth Indian information technology (IT) firm to achieve this milestone after Tata Consultancy Services (TCS), Infosys and Wipro. Shares of HCL Tech hit a fresh record high of Rs 1,118.55, up 2 per cent on the BSE in intra-day trade, surpassing its previous high of Rs 1,101 touched on 12th Aug in intra-day deal.

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HCL Tech is the third-largest Indian IT services company by revenue, after TCS and Infosys. The company has a strong globally diversified presence and provides comprehensive IT services to an established customer base. It has strong expertise in engineering and R&D services and its end customers are spread across industry segments.

Important takeaways for all competitive exams:

  • HCL Technologies CEO: C Vijayakumar.
  • HCL Technologies Founded: 11 August 1976.
  • HCL Technologies Headquarters: Noida.

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