HCL Technologies IPO Celebrates Monumental 25-Year Milestone with Over 1300% Returns
NEW DELHI: HCL Technologies recently marked a significant milestone in its history with a grand celebration of its 25th anniversary since its initial public offering (IPO) on January 18. The commemorative event took place at the National Stock Exchange (NSE) in Mumbai, where the company went public on January 11, 2000. Since then, HCLTech has transformed into one of the leading India-based global IT services firms, solidifying its position as a powerhouse in the industry.
Astounding Growth and Remarkable Returns
Investors who had the foresight to invest Rs 58,000 for 100 shares during HCLTech’s IPO are now reaping the rewards, as their investment has skyrocketed to approximately Rs 32 lakh after 25 years, excluding dividends. The company disclosed that shareholders have also received a total dividend amounting to Rs 4.5 lakh over this period, showcasing the lucrative nature of their investment.
Public data unveiled that HCLTech has delivered exceptional returns of over 1,300 per cent to its shareholders in the past 25 years, underscoring its remarkable growth and profitability. Particularly noteworthy is the company’s impressive performance during the Covid-19 pandemic, with its shares surging by approximately 200 per cent.
Steady Financial Growth and Global Expansion
By December 2024, HCL Technologies’ revenue surged from $166 million in FY1999 to a staggering $13.8 billion, reflecting an impressive compound annual growth rate (CAGR) of 19 per cent. Similarly, the net profit soared from $22 million to $2 billion during the same period, with a CAGR of 19.4 per cent. This robust financial performance solidifies HCLTech’s position as a key player in the IT services sector.
The company’s employee base has also witnessed exponential growth, expanding from fewer than 3,000 employees in 2000 to over 220,000 employees today. These employees hail from 167 nationalities and operate in 60 countries, highlighting HCLTech’s global footprint and diverse workforce.
Vision for the Future and Continued Success
Roshni Nadar Malhotra, chairperson of HCL Technologies, expressed pride in the company’s evolution as a global leader with a strong focus on corporate governance, sustainability, and social responsibility. She emphasized HCLTech’s commitment to innovation and engineering, positioning the company for continued success in harnessing technology and nurturing its workforce to drive progress.
With a total shareholder return at a CAGR of 20.6 per cent over the past 25 years, HCL Technologies has firmly established itself as a powerhouse in the IT services sector, promising even greater achievements and growth in the years ahead.
