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Tech ObserverNewsIndustryHCL Tech eyes expansion, to tap larger markets with diversified products

HCL Tech eyes expansion, to tap larger markets with diversified products

The IT services company looks to leverage its partnership with hyper-scalers and follow a diversified product as well as service strategy to tap a larger market.

The IT services company looks to leverage its partnership with hyper-scalers and follow a diversified product as well as service strategy to tap a larger market.

Laying down a new growth plan, Technologies, India’s third largest IT services provider by revenue, plans to leverage its partnership with hyper-scalers and follow a diversified product as well as service strategy to tap a larger market, chairperson Roshni Nadar-Malhotra said.

According to Nadar, the post-pandemic world had accelerated the adoption of technology, which had become an unstoppable force for good that is transforming lives.

“Digital and cloud have become the new normal as enterprises and governments embrace digital technologies to serve their stakeholders more efficiently in the connected world,” Nadar-Malhotra said during the company’s 30th annual general meeting.

Capturing real value from continues to be a massive market driver and one of the biggest areas of technology spending across industries, she added.

“Being among the first to spot this potential, we have strategically partnered with top hyper-scalers and are well positioned to leverage growth opportunities in this space,” she said.

The software services exporter’s shares rose 0.3% to end at ₹959 on the BSE on Tuesday. Nadar-Malhotra, who is also the richest woman in India, said the company has committed to achieving net-zero carbon emissions by 2040, joining a select group of public firms globally that have committed to such targets.

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