HCL Technologies: HCL Tech seeks to expand ties with hyperscalers: Roshni Nadar Malhotra, Chairman

HCL Technologies, India’s third-largest software company, plans to expand its partnership with hyperscalers and tap into a broader general market by adopting different product and service strategies, said Chairman Roshni Nadar Malhotra.

“The post-pandemic world has accelerated the adoption of technology,” said Nadar Malhotra, speaking at the company’s 30th annual general meeting. A new normal as enterprises and governments embrace digital technologies to effectively serve their stakeholders in a connected world.

She added that getting real value from cloud transformation continues to be a major market driver and one of the biggest technology spends for industries. “Being among the first to recognize this potential, we have strategically partnered with top hyperscalers and are well positioned to take advantage of growth opportunities in this space.”

Nadar Malhotra, India’s richest woman, said the company is committed to achieving net zero carbon by 2040, joining public organizations that have set targets for such emissions globally.

“We have identified 12 material ESG (Environmental, Social and Governance) topics and are tracking more than 100 metrics to drive sustainability across the organization. Our 2030 sub-targets are Science-Based Targets Initiative (SBTi) certified and aligned with the 1.5°C pathway,” she said.

Nadar Malhotra added that HCL Technology’s growth strategy is built on five strategic objectives, which include a variety of services and products, to be the employer of choice in professional services in all key geographies, to be a strategic partner for large customers, and to incorporate ESG. Deliver goals to business strategy and superior total stock returns over the medium term.

She explained that as 70% of global technology spending comes from these companies, the company is building on its strategic objective to become the digital partner of choice for Global 2000 enterprises in selected markets.

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