In the vibrant tapestry of FY23, HCLTech (new brand identity) emerged as a shining star, surpassing numerous milestones while harnessing the robust momentum in its targeted markets. Against the backdrop of ongoing macroeconomic transitions, it orchestrated a symphony of success. At the start of FY23, it had unveiled a set of crystal-clear vision through its five strategic objectives: to lead through the innovation of distinctive services and products, to become the employer of choice in professional services across all the key geographies, to stand as the preferred digital partner for global 2,000 enterprises in its select markets, to intricately intertwine ESG (Environmental, Social, and Governance) goals into the business strategy, and to deliver top-quartile TSR (Total Shareholder Return) over the medium term. "During the past 12 months, we have made meaningful progress on each of these objectives," stated C. Vijayakumar, CEO & MD, HCLTech, while addressing the shareholders.
In FY23, HCLTech recorded a 13.7 per cent growth in its revenue at Rs 1,02,814. "Our revenues crossed the Rs 100,000 crore milestone and our employee base reached the 225,000 mark (including an intake of 25,000+ entry-level employees), while our services portfolio encompassing Digital, Engineering, Cloud, AI and Software, coupled with our strategic alliances, all punched in equal weight." Vijayakumar added.
On a consolidated basis, the company's revenue from operations for FY23 was Rs 1,01,456 crore, as against Rs 85,651 crore for the previous financial year. The profit for FY23 was Rs 14,845 crore, as against Rs 13,523 crore during the previous financial year.
On a standalone basis, HCLTech's revenue from operations for FY23 was Rs 46,276 crore, as against Rs 40,638 crore in the previous financial year. The profit for the financial year under review was Rs 11,459 crore, as against Rs 10,874 crore in FY22.
Big on CSR
On the Corporate Social Responsibility (CSR) agenda, HCL Foundation made significant strides by impacting more than five million lives in India while harvesting 32 billion litres of water for reuse in communities. In FY23, it continued to support different social initiatives worldwide through its global CSR councils.
The company stated that over Rs 1,137 crore were invested in the CSR programmes till the end of FY23, resulting in the transformation of over 5.5 million lives, with more than half being women. Additionally, over 12,000 persons with disabilities were reached, with 43 per cent being women. A staggering 57 billion litres of water was also harvested, covering 20 states, three union territories, and 91 districts in India. Furthermore, over 1.45 million saplings were planted, greening and bringing under community management more than 66,000 acres of land. Additionally, 24,000 tonnes of waste was managed, with over 670,000 hours of employee volunteering enabled. Impressively, 15 of the 17 United Nations Sustainable Development Goals were addressed through these endeavours, the company stated.
The company also continued to make progress on its ESG commitments, having pledged to be net zero by 2040. Almost one-fifth of HCLTech's energy consumption came from renewable sources, and it said it had reduced the per capita Scope 1 and 2 greenhouse gas emissions by 70 per cent.
