<div>Forty-four-year-old Anant Gupta has been formally anointed as the new CEO of India's fourth largest software services exporter HCL Technologies. The current incumbent Vineet Nayar who successfully spearheaded the growth of HCL Technologies over the last seven years, will retain the position of vice chairman from July 2013. </div><div> </div><div>Gupta's elevation was a foregone conclusion as he was appointed president of the company in 2012. This was the same role to which Nayar was appointed by the billionaire founder of the company Shiv Nadar in 2005. In 2007, Nayar had become CEO of the company and eventually vice chairman and joint managing director. Shiv Nadar, who in the recent past has mainly focused on philanthropic activities, will continue to be the Chairman and the Chief Strategy Officer of HCL Technologies, the company added.</div><div> </div><div>Gupta, a two decade veteran of the company, is largely credited with growing the key infrastructure services division of the company from next to nothing to a billion-dollar plus business. A gadgets and gizmo afficianado, Gupta till recently also spearheaded HCL Tech's growth in the key European market, from where HCL gets a larger share of its revenues compared to its peers like TCS, Infosys, Wipro and Cognizant. </div><div> </div><div>An MSc in Engineering from Liverpool University, Gupta is seen as a key strategist who helped Nayar turn around HCL Tech's fortunes. Gupta inherits a company that is setting the industry's benchmark for growth, along with Cognizant Technology Solutions albeit on a smaller base.</div><div> </div><div>For the latest quarter ending 31 December 2012, which is<a target="_blank" href="http://Profile: Anant Gupta, CEO, HCL Technologies"> the second quarter for HCL Tech</a>, it clocked revenues of Rs 6,274 crores and a net profit of Rs 965 crores indicating a quarter on quarter growth of 3 and 9 per cent, respectively.</div><div> </div><div>Now that HCL tech has grown its revenues five times and profits four times under Nayar, the challenge to Gupta would be to sustain the pace of growth even as it maintains (or increases) its margins. </div><div> </div><div>businessworldonline (at) gmail (dot) com</div><div> </div>
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