Company of the year: The rise and rise of HCL Tech under CEO C Vijayakumar

With a focus on innovation and acquisitions, the $10 billion company has scaled up its presence in the global information technology services space

In the first quarter of FY19 HCL Technologies pulled off a rare feat that the information technology (IT) industry has not seen in the recent past. It disrupted the pecking order, replacing Bengaluru-based Wipro as India’s third-largest IT services player. To believe that this happened merely because the latter was preoccupied with restructuring, would be unfair to HCL Technologies, which has been growing at a blazing speed.

Focussing on innovation and building capabilities, both internally and through acquisitions, has helped HCL Technologies scale up its presence in the global IT services space. The company clocked a compounded annual growth rate (CAGR)