HCL Technologies

HCL Technologies and #22–surely, the company deserves to be
placed higher in the rankings (last year, it was ranked at #8). With
consolidation of accounts becoming compulsory, HCL Technologies is bound to
improve its ranking in the coming year. HCL Technologies stood at #10 in sales,
#5 in net profit and #14 in gross block. Its revenues jumped 45% to Rs 400 crore,
while net profit was up 98% to Rs 200 crore during the year ended June 2000. The
company’s gross block was 56% higher at 97.87 crore, and the company was
ranked at #27, #20 and #24 in sales growth, net profit growth and gross block
growth, respectively. HCL Technologies provides software services in the areas
of technology development, applications engineering, software engineering and
networking. Spread across the globe with more than 24 offices in 14 countries,
HCL Tech derives a major art of its revenues from offshore activities.

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