Hcl History and Overview
HCL TECHNOLOGIES
History
Company was founded by SHIV NADAR with fellow engineers having wonderful RnD capabilities.. in 1976, shortly after Indian govt. discouraged multinational corporations from doing business in India. Like other firms it got the approval from govt. to enter the market in hardware business. It was the first in Indian market offering technological trends like DOS & UNIX. Moreover they came up with fourth generation programming language before oracle. Shiv hired talents from top Indian B schools offering sum of 2000 which was more than what city bank was offering that time. Vineet a 23 old engineer & an MBA from XLRI Jamshedpur joined the co. in 1985 as mgmt trainee in the marketing function dept.
Hard times at HCL
Around 1992 industry was growing at a fabulous rate and vineet had a vision of becoming an entrepreneur. And thus decided to leave the co. shiv on hearing this offered him a venture within HCL. Since govt. was also accepting the bids for new electronic stock exchange. Soon a sister co was created called Comnet HCl by hiring few more employees. An IT infrastructure and networking business wholly owned by HCL. It worked on satellite tech for about two years to modernize the exchange. By the end of 1994 comnet beat global majors and was working smoothly.
However HCL was lagging behind because of three reasons & LATER VINEET FACES THE SAME:- 1. The Indian govt began to deregulate the policy and MNC like IBM returned. 2. Customers were demanding more IT enabled services since the global IT leaders were transforming themselves into service delivery business. 3. Companies were offshoring recoding and manufacturing and application development at lower costs.
Nadir policy was to avoid the price war so he did not participated.
Bt this proves costly for HCL by 2000. Later when he concluded that they should move in the strategic service direction & he ended the relationship with HP in 1997. He changed the management and
History
Company was founded by SHIV NADAR with fellow engineers having wonderful RnD capabilities.. in 1976, shortly after Indian govt. discouraged multinational corporations from doing business in India. Like other firms it got the approval from govt. to enter the market in hardware business. It was the first in Indian market offering technological trends like DOS & UNIX. Moreover they came up with fourth generation programming language before oracle. Shiv hired talents from top Indian B schools offering sum of 2000 which was more than what city bank was offering that time. Vineet a 23 old engineer & an MBA from XLRI Jamshedpur joined the co. in 1985 as mgmt trainee in the marketing function dept.
Hard times at HCL
Around 1992 industry was growing at a fabulous rate and vineet had a vision of becoming an entrepreneur. And thus decided to leave the co. shiv on hearing this offered him a venture within HCL. Since govt. was also accepting the bids for new electronic stock exchange. Soon a sister co was created called Comnet HCl by hiring few more employees. An IT infrastructure and networking business wholly owned by HCL. It worked on satellite tech for about two years to modernize the exchange. By the end of 1994 comnet beat global majors and was working smoothly.
However HCL was lagging behind because of three reasons & LATER VINEET FACES THE SAME:- 1. The Indian govt began to deregulate the policy and MNC like IBM returned. 2. Customers were demanding more IT enabled services since the global IT leaders were transforming themselves into service delivery business. 3. Companies were offshoring recoding and manufacturing and application development at lower costs.
Nadir policy was to avoid the price war so he did not participated.
Bt this proves costly for HCL by 2000. Later when he concluded that they should move in the strategic service direction & he ended the relationship with HP in 1997. He changed the management and