SOURCE: HCL Technologies

August 01, 2008 10:44 ET

Vineet Nayar Appointed to the Board of Directors at HCL Technologies

NOIDA, INDIA--(Marketwire - August 1, 2008) - HCL Technologies, India's leading global technology and IT services company, announced that Vineet Nayar, CEO, HCL Technologies, has been appointed to the Board of HCL Technologies as a Wholetime Director with effect from Aug 1, 2008.

Shiv Nadar, Founder - HCL and Chairman & Chief Strategy Officer, HCL Technologies, stated, "Vineet's appointment to the Board reflects HCL's commitment to nurturing talent, positioning it in key areas of leadership and building lasting institutions of excellence. Vineet joined HCL -- his first and only job -- as Senior Management Trainee in 1985. He created HCL Comnet, and positioned HCL as a pioneer and industry leader globally in the Remote Infrastructure Management space. He has led HCL's transformation strategy, now a Harvard Business School case study. Vineet will now continue to bring his leadership skills to bear on HCL's future but in a larger context -- in developing its vision, governance and strategy beyond the confines of HCL's business."

Vineet Nayar, now CEO and Wholetime Director, HCL Technologies, stated, "I am honored by the Board's decision, and look forward to being part of the future growth of HCL in all its larger dimensions as a global and responsible corporate citizen. In my 23 year association with HCL, this is another opportunity for me to share and shape the larger transformation journey with Shiv Nadar, the board, and my team members across the HCL Enterprise."

About HCL Technologies

HCL Technologies is one of India's leading global IT Services companies, providing software-led IT solutions, remote infrastructure management services and BPO. Having made a foray into the global IT landscape in 1999 after its IPO, HCL Technologies focuses on Transformational Outsourcing, working with clients in areas that impact and re-define the core of their business. The company leverages an extensive global offshore infrastructure and its global network of offices in 16 countries to deliver solutions across select verticals including Financial Services, Retail & Consumer, Life Sciences Aerospace, Automotive, Semiconductors, Telecom and MPE (Media Publishing & Entertainment). For the year ended 30th June 2008, HCL Technologies, along with its subsidiaries had revenues of US$ 1.9 billion (Rs. 7,639crore) and employed 50,741 professionals. For more information, please visit www.hcltech.com

About HCL Enterprise

HCL Enterprise is a leading Global Technology and IT enterprise that comprises two companies listed in India -- HCL Technologies & HCL Infosystems. The 3-decade-old enterprise, founded in 1976, is one of India's original IT garage start-ups. Its range of offerings span Product Engineering, Technology and Application Services, BPO, Infrastructure Services, IT Hardware, Systems Integration, and distribution of ICT products. The HCL team comprises approximately 44,000 professionals of diverse nationalities, who operate from 16 countries including 300 points of presence in India. HCL has global partnerships with several leading Fortune 1000 firms, including leading IT and Technology firms. For more information, please visit www.hcl.in

Forward-looking Statements

Certain statements in this release are forward-looking statements, which involve a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from those in such forward-looking statements. All statements, other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to the statements containing the words 'planned,' 'expects,' 'believes,' 'strategy,' 'opportunity,' 'anticipates,' 'hopes' or other similar words. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding impact of pending regulatory proceedings, fluctuations in earnings, our ability to manage growth, intense competition in IT services, Business Process Outsourcing and consulting services including those factors which may affect our cost advantage, wage increases in India, customer acceptances of our services, products and fee structures, our ability to attract and retain highly skilled professionals, our ability to integrate acquired assets in a cost effective and timely manner, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, the success of our brand development efforts, liability for damages on our service contracts, the success of the companies / entities in which we have made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property, other risks, uncertainties and general economic conditions affecting our industry. There can be no assurance that the forward-looking statements made herein will prove to be accurate, and issuance of such forward-looking statements should not be regarded as a representation by the Company, or any other person, that the objective and plans of the Company will be achieved. All forward-looking statements made herein are based on information presently available to the management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.

Contact Information

  • For details, contact
    Kirsten Paragona
    HCL America
    Email Contact
    +1 978 356 3342

    Sandy George
    Citigate Cunningham
    Email Contact
    +1 617 374 4210