Advertisment

28. HCL Perot Systems: Slow and Steady

author-image
DQI Bureau
New Update

This software services company of the HCL stable–a 50:50 joint venture between HCL Technology and Perot Systems–has entered the Top 200 listing for the first time, and landed straight in 26th spot. And to celebrate its fifth birthday, this 100% EOU showed Rs 439 crore in revenues, 55% of which came from offshore activities. The year also saw HCL Perot unveil its mega growth plan. The strategy is to increase capacity, an end toward which the company has set up four new software development centers. It is also looking at mergers and acquisitions for expansion overseas. The company is also planning an IPO shortly.

HCL Perot, which provides a gamut of IT outsourcing and software services, has been focusing on verticals like finance, travel, telecom and health. Its tieup with US-based iXL Inc and acquisition of Kay Software is also aimed at enabling it to offer complete strategic and technical solutions to clients across the globe. All said and done, 49% of revenues still come from the US and that is a concern–de-risking of business has been a major strategy for sibling HCL Tech as well.

PERFORMANCE HIGHLIGHTS
  • Clocked revenue of Rs 439.24 crore
  • Four new development centers set up in India in a bid to increase capacity
  • Tieup with iXL and acquisition of Kay Software mark a major move toward solutions
  • Plans to get listed on an Indian stock exchange shortly
FACT SHEET
CEO: CP Gurnami START-UP YEAR: 1996 PRODUCTS &

SERVICES
: Software services TECHNICAL COLLABORATION: Kay Software, USA and iXL Inc, USA

EMPLOYEES: 1,750 ADDRESS: A10-11, Sector 3, Noida TEL: 4547671

FAX: 4544529 WEBSITE: www.hclperot.com
 
Advertisment