HCLTech Marks 25 Years Since IPO with Celebratory Bell-Ringing

NEW DELHI: HCLTech commemorated its 25th anniversary since its initial public offering (IPO) on January 18 with a celebratory bell-ringing ceremony at the National Stock Exchange (NSE) in Mumbai. The company, which went public on January 11, 2000, has grown into one of the largest India-headquartered global IT services firms, establishing itself as a leader in the IT industry.

Impressive Growth and Returns Over the Years

An investment of Rs 58,000 for 100 shares during its IPO is now worth approximately Rs 32 lakh (excluding dividends) after 25 years, according to the company. Shareholders have also received a total dividend amounting to Rs 4.5 lakh over this period. Public data revealed that HCLTech delivered returns more than 1,300 per cent to its shareholders over the past 25 years, with shares surging by around 200 per cent since the start of the Covid-19 pandemic.

Financial Milestones and Future Prospects

By December 2024, HCLTech's revenue grew from $166 million in FY1999 to $13.8 billion, reflecting a compound annual growth rate (CAGR) of 19 per cent. Similarly, net profit rose from $22 million to $2 billion during the same period, with a CAGR of 19.4 per cent. The company announced a special dividend of Rs 6 per share to commemorate the milestone, alongside its interim dividend, highlighting its impressive streak of paying dividends for 88 consecutive quarters.

From employing fewer than 3,000 people in 2000, HCLTech now boasts a workforce of over 220,000 employees, representing 167 nationalities and operating across 60 countries. Roshni Nadar Malhotra, chairperson of HCLTech, emphasized the company's evolution into one of the finest global companies out of India, with world-class corporate governance, sustainability, and social responsibility at its core.