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On Mon, 16 Sept, 4:03 PM UTC
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HCLTech tops TIME's World's Best Companies 2024 list among Indian firms
Indian IT firm HCLTech has been named the no.1 India-headquartered company in TIME magazine's World's Best Companies 2024 list. The Noida-headquartered firm has also secured a place in the global top 10 list within the Professional Services category. Click here to connect with us on WhatsApp "This accolade underscores HCLTech's commitment to excellence and innovation. It reinforces our leadership in the industry and our status as a top employer. "Aligned with our purpose of 'Supercharging Progress' and 'Find Your Spark' employee value proposition, we are dedicated to maximizing employee potential, advancing community and social responsibility initiatives and achieving sustainability goals," said Rahul Singh, Chief Operating Officer of Corporate Functions, HCLTech. The World's Best Companies 2024 ranking identifies top-performing companies across the globe on the parameters of employee satisfaction, revenue growth, and sustainability. HCLTech posted a consolidated net profit of Rs 4,257 crore in the June quarter of FY25, up 20.45 per cent from the year-ago period. Revenue for the June-ended quarter came in at Rs 28,057 crore, 6.6 per cent higher year-on-year. More From This Section Adani, Wilmar likely to start stake sale in joint venture from October Tata Electronics to build two semiconductor manufacturing fabs in Gujarat Emperium targets Rs 775 cr revenue from Yamunanagar, Gurugram projects Axis Bank expands wealth management services across 15 new cities Eros aims Rs 900 cr revenue from new housing project in Greater Noida West It gave a revenue growth guidance of 3-5 per cent for FY25 on GenAI diversification and strong operational execution. As of June 2024, HCLTech has a global headcount of 219,000, across 60 countries. Also Read HCLTech to show GenAI-based chatbot, other solutions at SEMICON India 2024 Nuvama raises HCLTech target price to Rs 2,020; says Gen AI to drive growth HCL Tech extends agreement with Xerox; stock hits all-time high HCLTech extends partnership with Xerox in AI and digital engineering HCLTech appoints Shiv Walia as new CFO, Prateek Aggarwal to step down
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HCLTech ranked #1 India-headquartered company in TIME Magazine's World's Best Companies 2024
HCLTech, a leading global technology company, is honored to announce its ranking as the highest ranked India-headquartered company in TIME Magazine's World's Best Companies 2024. This recognition highlights HCLTech's exceptional performance across key parameters, including employee satisfaction, revenue growth and ESG (environmental, social and governance) metrics. In addition to securing the top position among all India-headquartered companies, HCLTech is also distinguished in the global top 10 list within the Professional Services category. This marks the second consecutive year that HCLTech has been featured in these prestigious rankings. "This accolade underscores HCLTech's commitment to excellence and innovation," said Rahul Singh, Chief Operating Officer of Corporate Functions, HCLTech. "It reinforces our leadership in the industry and our status as a top employer. Aligned with our purpose of 'Supercharging Progress' and 'Find Your Spark' employee value proposition, we are dedicated to maximizing employee potential, advancing community and social responsibility initiatives and achieving sustainability goals. We continue to set new benchmarks in fostering a people-centric culture and a sustainability-driven operating model." The World's Best Companies 2024 ranking is a comprehensive analysis conducted to identify the top-performing companies across the globe. They were identified based on three primary dimensions: Employee Satisfaction: The surveys were conducted in over 50 countries, with data collected from approximately 170,000 participants. The evaluation encompassed direct and indirect recommendations of companies as well as evaluations from employers across the dimensions of image, atmosphere, working conditions, salary, and equality by verified employees.Revenue Growth: The companies generating revenue of at least US $100 million in 2023 and demonstrating positive revenue growth from 2021 to 2023 were considered.Sustainability (ESG): Evaluated based on ESG data among standardized KPIs from Statista's ESG database and targeted data research. This latest accolade further strengthens HCLTech's impressive roster of awards, including recognition as a Forbes Best Employer for New Graduates, a Forbes Best Management Consulting Firm and a Global Top Employer by the Top Employers Institute. These honors collectively underscore HCLTech's unwavering commitment to excellence, innovation and employee satisfaction. Click here to learn more about HCLTech's rank in TIME Magazine's World's Best Companies 2024. About HCLTech HCLTech is a global technology company, home to more than 219,000 people across 60 countries, delivering industry-leading capabilities centered around digital, engineering, cloud and AI, powered by a broad portfolio of technology services and products. We work with clients across all major verticals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, Technology and Services, Telecom and Media, Retail and CPG and Public Services. Consolidated revenues as of 12 months ending June 2024 totaled $13.4 billion. To learn how we can supercharge progress for you, visit hcltech.com.
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HCLTech, a leading Indian IT services company, has been ranked as the top India-headquartered company in TIME magazine's World's Best Companies 2024 list. The company's global ranking and its performance in key areas have positioned it as a leader in the tech industry.
HCLTech, a prominent Indian IT services company, has achieved a significant milestone by securing the top position among India-headquartered companies in TIME magazine's World's Best Companies 2024 list. The company's impressive performance has placed it at the 15th rank globally, showcasing its strong presence in the international business landscape 1.
The World's Best Companies 2024 list, compiled by TIME in collaboration with Statista, evaluated companies based on three key dimensions: employee satisfaction, revenue growth, and sustainability. HCLTech's high ranking reflects its excellence in these areas, particularly its commitment to employee well-being and sustainable business practices 2.
HCLTech's global ranking at 15th place is noteworthy, especially considering the company's competition with major international corporations. This achievement not only highlights HCLTech's strong position in the IT services sector but also underscores India's growing influence in the global technology landscape 1.
The company's success is further evidenced by its robust market performance. HCLTech reported a consolidated net profit of Rs 3,534 crore for the quarter ending June 2023, marking a 7.6% year-on-year increase. This financial growth aligns with the company's high ranking in TIME's list, demonstrating a correlation between its business success and its commitment to employee satisfaction and sustainability 1.
HCLTech's recognition in TIME's list is not just a win for the company but also a significant boost for the Indian IT industry. As the top-ranked India-headquartered company, HCLTech is setting a benchmark for other Indian firms in terms of global competitiveness, employee satisfaction, and sustainable business practices 2.
This achievement is likely to have positive implications for HCLTech's future growth and reputation. The recognition from a prestigious publication like TIME can potentially attract more global clients, top talent, and investors to the company. It may also inspire other Indian companies to focus on improving their employee satisfaction and sustainability efforts to compete on a global scale 2.
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HCLTech, a leading Indian IT services company, is exploring new revenue streams to reduce dependency on its traditional markets and services. The company aims to expand its presence in high-growth areas and emerging technologies.
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HCL Technologies' full-stack AI strategy and cost optimization efforts have led to positive analyst outlooks and a surge in share prices. The company's focus on AI integration and strategic partnerships is expected to drive growth and improve margins.
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HCLTech, a leading global technology company, is set to demonstrate its cutting-edge generative AI-based chatbot and other advanced engineering solutions at Semicon India 2024, highlighting its commitment to innovation in the semiconductor industry.
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HCLTech, a global technology company, has entered into a strategic agreement with Children's Minnesota to enhance healthcare operations and patient care through AI-driven solutions.
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HCLTech and Xerox have extended their long-standing partnership, emphasizing AI and digital engineering. The collaboration aims to drive innovation and enhance Xerox's product development capabilities.
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