HCL Technologies is the third-largest technology services exporter in India. Diptangshu Chatterjee, Associate Vice President, Global Treasury & Finance at HCL Technologies contributed towards HCLTech’s profitability by strategising and executing the partial buy-back transaction of HCL America’s outstanding USD bonds. Chatterjee spearheaded this USD bond buy-back in the US, UK and APAC capital markets during February 2023 and the net profit achieved for this deal was USD 22 million.
On the innovation and profitability side in the last 12 months, he has been implementing a Global supplier finance programme for major HCL subsidiaries which is the first of its kind for HCLTech and the Indian technology sector. The programme identified USD 2 billion eligible annual spending for large HCL subsidiaries and analysed the working capital impact for a 60-90 days payment term extension.
In FY23, this global programme reached USD 60 million throughput and USD 12 million working capital gain for the HCL group and was selected as the ‘Highly Commended Winner’ in the Adam Smith Asia 2022 awards, in the Best Supplier Finance category.