HCL eyes non-traditional markets like Japan, China

BULANDSHAHAR (UP): Non-traditional markets will drive HCL Technologies’ next wave of growth, its chairman Shiv Nadar said.

Reluctant to detail growth numbers, Nadar said that the next big growth drivers for the company would be from newer geographies like Japan, China, Korea. “These are big economies where HCL is not present in any significant way, I see these as huge business opportunities for the company and growth drivers in three to four years and beyond,” Nadar said. For the quarter ended September 2012, HCL Tech earned 57% of its revenues from the US, 27.9% from the EU and 15.1% from rest of the world.

As the IT industry is through global economic slowdown and consequential issues relating to growth and profitability, HCL Technologies grew revenues by 36.25% for the quarter. “The best of HCL Tech is yet to come,” Nadar said. “The new breed of young managers who have joined the company are very aggressive. They are going to be driving the growth story for HCL Tech,” he said.

Nadar spoke to TOIon the sidelines of third anniversary of VidyaGyan School, set up by his philanthropic foundation. Shiv Nadar, who hails from the Nadar community from Southern Tamil Nadu, (a community which is known for entrepreneurial pursuits in setting up provision stores and acting as vessel merchants), is among the tallest Nadar community businessman. He has committed to 10% of his personal wealth for philanthropic activities , essentially in the education space.

Philanthropy good place to stay invested in, says Roshni Nadar

For Roshni Nadar, HCL Corporation CEO and daughter of business tycoon Shiv Nadar, philanthropy is a “pretty damn good place to stay invested in” even as she says her “role is to guard investments” .

Roshni had taken charge as CEO of HCL Corporation in 2009. She, however, stays away from day-to-day operations of software services major HCL Technologies and IT hardware maker HCL Infosystems— the two publicly-held companies under HCL Corporation. One of the new generation corporate leaders, Roshni is also one of the trustees at the Shiv Nadar Foundation, a philanthropic venture set up by her father in 1994. PTI