HCLTech’s Annual Report 2023-24 | HCLTech

FY24 was a year of industry-leading growth at HCLTech as we continued to bring together the best of technology and our people to supercharge progress.

Our full-stack portfolio, underpinned by a strong engineering heritage, is enabling global enterprises to unlock the true potential of digital technologies.

As we engineer the digital future for our clients, we remain grounded in the “art of possible” to innovate solutions that are relevant and deliver value in the real world.

And we do it all sustainably, responsibly and ethically.

Message from
the Chairperson

Roshni Nadar Malhotra

Roshni Nadar Malhotra

Chairperson, HCLTech

Quotes

"The technology landscape today is perhaps the most exciting in over a decade... With our comprehensive portfolio, strong engineering heritage and ecosystem of partners, we are well equipped to help clients thrive as GenAI begins to touch almost every aspect of business."

Roshni Nadar Malhotra

Roshni Nadar Malhotra

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Message from the CEO &
Managing Director

C Vijayakumar

C Vijayakumar

CEO & Managing Director

Quotes

"Our revenue growth rate was the highest among the tier 1 global IT services companies and our EBIT margin for the year was 18.2%. Our free cashflow continued to be healthy at $2.6 billion, a growth of 27.7% YoY. It is a testament to the depth and breadth of our offerings as well as strong and impactful execution as we continue to focus sharply on always being relevant to our clients."

C Vijayakumar

C Vijayakumar

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A Year of Industry-Leading Growth

$0B

Revenue

( up 5.4% YoY )

₹0Cr

Earnings before other income, tax and finance cost

(8.4% increase YoY)

₹0Cr

up 8.3% YoY

₹0Cr

Profit after tax (PAT)

(attributable to owners of the company) (5.7% increase YoY)

₹0Cr

Operating cash flow

4-year CAGR: 13.9%

0

New large deals signed

0x

Total increase in $100M+ clients over five FYs

$0B

New deal total contract value (TCV)

(up 10% YoY)

Revenue from Operations(₹ Cr)

Revenue from Operations

11.7%

CAGR(CC)*

Earnings before other income, tax and finance cost(₹ Cr)

Profit before Taxes, Finance Costs and Other Income

9.5%

CAGR*

Profit after Tax (PAT)(₹ Cr)

Revenue from Operations

9.2%

CAGR*

Diluted EPS(₹)

Profit before Taxes, Finance Costs and Other Income

9.2%

CAGR*

Employee Metrics(Headcount)

Employee Metrics

Segment Revenue**(₹ Cr)

Segment Revenue

**Includes inter-segment revenue of ₹508 crores.

Client Category

(Number of Clients)

Client Category

*4-year CAGR

OCF/NI ratio and dividend payout ratio

OCF-NI ratio and dividend payout ratio

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Sections in the Report

Corporate Overview

Corporate Overview

Supercharging Progress for our Clients

Supercharging Progress for our Clients

Supercharging Progress for our People

Supercharging Progress for our People

Supercharging Progress for our Communities

Supercharging Progress for our Communities

Supercharging Progress for our Planet

Supercharging Progress for our Planet

Our Global Footprint

World Map

Countries

Nationalities

k

Employees

+

Delivery Centers

+

Innovation Labs

Country List

Kiran Nadar receiving Amrit Ratna Award on behalf of Shiv Nad

Kiran Nadar receiving Amrit Ratna Award on behalf of Shiv Nadar

HCLTech Chairperson Roshni Nadar Malhotra was the co-chair of the B20 Digital Transformation Taskforce during India’s G20 presidency

HCLTech Chairperson Roshni Nadar Malhotra was the co-chair of the B20 Digital Transformation Taskforce during India’s G20 presidency

HCLTech employees in the US (left) and APAC (right) celebrating the Top Employer recognition

HCLTech employees in the US (left) and APAC (right) celebrating the Top Employer recognition

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Executive Recognitions

Corporate Recognitions

Diversity and Inclusion Recognitions

Employer Recognitions

Business Recognitions

Analyst Recognitions

Annual Report 2023-24

Download Complete

Download Complete
Annual Report 2023-24

Corporate Profile

Management Discussion and Analysis (MDA) MDA

MDA

Directors’ Report Directors Report

Directors Report

Corporate Governance

Corporate Governance

CEO and CFO Certificates CEO & CFO Certificate

CEO & CFO Certificate

Business Responsibility & Sustainability Report (BRSR) BR & SR

BR & SR

Financial Performance

Financial Performance