OVERVIEW

HCL is a leading global Technology and IT Enterprise with annual revenues of US$
5.3 billion. The HCL Enterprise comprises two companies listed in India, HCL
Technologies and HCL Info systems

The 3 decade old enterprise, founded in 1976, is one of India's original IT garage
start ups. Its range of offerings span R&D and Technology Services, Enterprise and
Applications Consulting, Remote Infrastructure Management, BPO services, IT
Hardware, Systems Integration and Distribution of Technology and Telecom
products in India. The HCL team comprises 71,000 professionals of diverse
nationalities, operating across 29 countries including 500 points of presence in
India. HCL has global partnerships with several leading Fortune 1000 firms,
including several IT and Technology majors.

HCL Enterprise is a 34-year-old leading Global Technology and IT enterprise, with USD 5.0
billion revenue, 64000 professionals and operations spanning 26 countries.

The 3-decade-old enterprise, founded in 1976, is one of India's original IT garage startups. Its
range of offerings spans Product Engineering, Custom & Package Applications, Business
Process Outsourcing, IT Infrastructure Servi-
ces, IT Hardware, Systems Integration, and distribution of ICT products. Since its inception,
HCL Enterprise has grown to become what it is today under the strong leadership and guidance
of Shiv Nadar (Founder, Chairman and Chief Strategy Officer). HCL Enterprise comprises two
companies listed in India, namely HCL Infosystems (www.hclinfosystems.in) and HCL
Technologies (www.hcltech.com). HCL Infosystems deals with hardware, system integration,
network and ICT distribution, solely for the Indian market.
HCL Technologies on the other hand, focuses on Transformational Outsourcing, working with
clients in areas that impact and re-define the core of their business. The company leverages an
extensive global offshore infrastructure and its global network of offices in 23 countries to
deliver solutions across select verticals including Financial Services, Retail & Consumer, Life
Sciences & Healthcare, Hi-Tech & Manufacturing, Telecom and Media & Entertainment
(M&E). HCL Technologies caters to the global market in areas like product engineering,
research & development, enterprise & custom applications, infrastructure management, and BPO
services.

VISION

"Together we create the enterprises of tomorrow"

MISSION

"To provide world-class information technology solutions and services to enable our
customers to serve their customers better"

OUR HISTORY

The genesis of HCL began at a Delhi "barsaati" (akin to a garage start-up) in 1976 which evolved
three decades later into a dynamic USD 5 Billion Global Empire.

A young team of six led by Shiv Nadar, the pioneers of HCL, believed in the growth prospects
IT industry had for India. Today HCL is one of the leading IT enterprises employing 60,000
professionals, with a global presence in 23 countries spanning locations worldwide.

Acknowledged as a visionary by the IT industry and his peers, Shiv Nadar has been a man ahead
of his times who often made daring forays based on his conviction of the future. Recognized as
one of India's most effective entrepreneurs, Shiv Nadar sees a parallel with top-level
sportspersons, in terms of their sharp focus on goals and complete commitment to their
achievement. For conceptualization, he draws inspiration from the performing and fine arts,
where preconceived notions are questioned.

Shiv Nadar firmly believes that, "If you want to empower people, give them the tools. There's
enough entrepreneurship in this country to take care of the rest." He is quick to grasp new
opportunities, select a team to transform his ideas into reality and delegate the project to
competent professionals.

From modest beginning 3 decades ago, Shiv Nadar entered the Forbes List of billionaires in the
year 2000. In 2007 he was ranked 214 globally and among the top fifteen in India. Business
Standard ranked him 4th in the billionaires club and he is also amongst the top 20 Indian
personalities as per the Business Today – Cirrus survey. During this process, he has not only
created wealth for himself but also for his customers, partners, employees, and investors.The
scorching pace did not go unnoticed nationally or internationally. Shiv Nadar was awarded the
Padma Bhushan by the President of India, Pratibha Patil on May 5, 2008. The Padma Bhushan is
the country’s third highest civilian honour conferred by the President of India to recognize
distinguished service of a high order to the nation, in any field. The award is not just an
acknowledgement of HCL’s many firsts in the technology domain or Shiv Nadar’s contribution
to the IT industry; but also of his efforts in the field of education and to the upliftment of public
health in India.

Armed with an uncanny foresight and a global outlook, Shiv Nadar has charted a defining
growth path for his company as well as the Indian IT industry, both in India and across the
world.

The Initial years:

Developed the first indigenous micro-computer at the same time as Apple and 3
years before IBM's PC – in 1978. This micro-computer virtually gave birth to the
Indian computer industry.

HCL's in-depth knowledge of Unix led to the development of a fine grained multi-
processor Unix in 1988, three years ahead of Sun and HP.

The Growth Phase:

Along with the swiftly growing software technology industry, HCL, which was
hitherto known as the pioneer in modern computing made the advent into software
development.

HCL's R&D was spun off as HCL Technologies in 1997 to mark their advent into the
software services arena.

The World Phase:

Today, HCL sells more PCs in India than any other brand, runs Northern Ireland's
largest BPO operation, and manages the network for Asia's largest stock exchange
network apart from designing zero visibility landing systems to land the world's
most popular airplane. And this it does across 23 countries and across 360 service
locations in India.

Economic Times and Hewitt

Ranked No. 1 Employer in India and Best Employer in Asia in the

2009 Hewitt Study

International Association of Outsourcing

Professionals 2008

Ranked in the “Leaders” Category of the 2009 Global Outsourcing

100
 Dataquest

Ranked 3rd in the Employee Satisfaction Survey by DQ-IDC, 2008

Indiatimes

Wins Technology Award at the BPO Industry Awards by Indiatimes,

2008

CCF

HCL NI Wins European Call Centre of the Year ‘Best People Practice’
Award by Call Centre Focus (CCF), 2008

The Black Book of Outsourcing

Ranks 4th globally among Business Process Outsourcing Vendors by

the Black Book of Outsourcing, 2008

CIO 100

‘Bold 100’ Award for highest level of operational and strategic

excellence in Information technology (IT) by IDG’s CIO 100, 2008

PCMM –Level 3

First BPO Company in the world to be successfully appraised at

Maturity
Level 3 of People Capability Maturity Model, 2007
 National Outsourcing Association

Special award for consistent excellence for outsourcing practice across

all disciplines by National Outsourcing Association, 2007

Nasscom

Ranked among the top 10 in largest third party service providers in

India by Nasscom, 2008

UK Trade and Investment Board

Received ‘Investor of the Year’ award for employment generation in

UK by the UK Trade & Investment Board, 2006

Frost & Sullivan

Ranked among the Top 3 Contact Centers in Asia Pacific by Frost &
Sullivan, 2006

Gartner

Ranked 8th in the Global Top 10 in Business Services by Gartner,

2006

Purdue Benchmark

Ranked 2nd in the Global Peer Group, 2003

The TIME magazine has referred to HCL as an "intellectual clean room where its
employees could imagine endless possibilities". The fact is, over the last thirty years
that HCL has been operational; the company has stood by its values and core
philosophy.
Fueled by the entrepreneurial zeal of its founders, HCL developed the first
indigenous micro-computer in 1978, at the same time as Apple. Since then, HCL has
had a 3 decade rich history of inventions and innovations. Intrapreneur is the term
that best describes the HCL employees. Ever since HCL entered into an alliance in
1970s, partnerships and HCL have been inseparable. Bonds have been forged with
partners to co - create value. Strong inorganic growth is a testimony to the spirit of
partnerships.

This entrepreneurial and win-win relationship driven culture continues to guide HCL
in all its endeavors.
 India's Most Preferred Personal Computer Brand by CNBC AWAAZ Consumer
Award 2007

India's 'No. 1 PC Vendor' consecutively for six years.

HCL among the Top 3 IT companies for the last 3 years, DQ & IDC, Best
Employer Survey, 'Best employer
2005' with Five Star Ratings

'Top 50 in ET Top 500 Companies' Listings for 2006

Top 21 companies in Business Standard 1000 Ranking

2006

Top 50 Fastest Growing Technology Companies in India & 'Top 500 Fastest
Growing Technology Companies in Asia Pacific' by 'Deloitte & Touché'
 'The Most Responsive Company 2005' - IT Hardware Category by The Economic
Times - Avaya Global Connect

'7th IETE - Corporate Award 2005' for performance excellence in the field of
Computer & Telecommunications Systems

PRODUCT PARTNERSHIPS

HCL has always prided itself on its partnership engagements. Partner models are also evolving in
the technology industry. Innovation has extended into the ecosystem and community based
engagements are coming into play. HCL has also enhanced its relationships with partners and is
creating a variety of innovative partnership models, with various approaches to risk-reward
sharing. Some of the notable partner engagements:

1977
Leading position on office
.Automation and Laptops
in India

1981
Scripting an era of
computing across the
Microprocessor
 1985
Strategic relationship that
has seen the computer
evolve from a computing
device

2004
Partnering in computing
and providing IT Services

1996
Dominant position in
mobile handset market in
India. HCL partnered with
Nokia to distribute their
mobile phones in the
burgeoning Indian market.
Nokia today has more than
70% market share and the
best service network in the
country

JOINT VENTURES

1991 - 96
Created the HP brand for
computers
in India

1996 - 2003
 Significant IT Services with
quarter billion dollar
enterprise value

2001 - 2005
First Indian BPO Global
Delivery Centre, currently
employing 2000 UK
nationals

2001 - 2005
First Indian BPO Global
Delivery Centre, currently
employing 2000 UK
nationals

2005
First Japan- India hi-tech JV
for Product Engineering
Services

2006
Industry First "End-To End"
Product Lifecycle Solution
for OEMs

STRATEGIC ALLIANCES

1996
Cisco on cutting edge
networking technologies in
an Industry leading Risk
Reward model. This is the
largest development center
for Cisco outside of Cisco,
with 1600+ Software
Engineers. 47 patents from
this center have been filed
by Cisco.

1996 - till date

Dominant position in
mobile handset market in
India. HCL partnered with
Nokia to distribute their
mobile phones in the
burgeoning Indian market.
Nokia today has more than
70% market share and the
best service network in the
country

2001 - 2005
HCL set up the first Indian
BPO
Global Delivery Centre in
Northern Ireland. It currently

employs 2000 UK nationals.

2001 - 2005
HCL partnered with DB to
create a large delivery
center at Bangalore. This
center offers the widest
range of Capital Market
Services.

2005
HCL is working with
Boeing for
the 787 Dreamliner
program.
In addition, across its
aerospace practice, HCL
 works
with 20 of the world's
leading
aviation companies.

2006
HCL has set up a center for
IBM which is the First
Power PC architecture
design center outside of
IBM. HCL has the license
to use the Power PC
architecture to build new
products.

2005
HCL has a Joint Venture
with NEC, and this is the
only one of its kind between
an Indian IT major and a
global Japanese
conglomerate. Core
engineering work in the area
of High-Performance
Computing and Grid
Computing is the key focus
of this JV.

STRATEGIC ACQUISITIONS

HCL follows a thorough and diligent selection process of proactively identifying value-centric
acquisition opportunities for long-term strategic growth Some of HCL’s recent acquisitions…

Axon group Plc. HCL acquired Axon

Group plc, a leading UK
based SAP consulting
firm. The acquisition is
one of the biggest
 acquisition from an Indian
IT company in recent
times

Capital Stream HCL acquired Capital

Stream, Inc., a US-based
industry leader in lending
automation solutions in
February 2008

Liberata HCL acquired Liberata

Financial Financial Services (LFS),
Services a leading UK based
PO provider in August
2008

Control Point HCL acquired Control

Solutions Point Solutions, a leading
provider of voice, data,
and wireless
Telecommunications
Expense Management
(TEM) services in August
2008

Corporate Governance at HCL

HCL believes that strong corporate governance practices should be integral to all
activities of its Group Companies to ensure efficient conduct of the affairs of the
Companies, while upholding the core values of transparency, integrity, honesty, and
accountability. The annual “Directions” meet where the CEO of HCL Technologies
interacts with all employees and arrive at the strategic direction the company needs
to take, and the HCL Global Meet where its customers, investors, analysts all
interact together in a free flowing discussion, are just two examples of how
transparency has become a part of the HCL Enterprise culture.

The HCL corporate governance practices have matured over the 32 year journey of
the Enterprise; and are in compliance with the requirement of the revised guidelines
on corporate governance stipulated in Clause 49 of the Listing Agreement with the
Stock Exchanges.

MILESTONES

1976:
Hindustan Computers Limited (HCL) is born.

1977:
Forms distribution alliance with Toshiba for copiers & notebooks

1978:
HCL successfully ships in-housed designed Micro computer at the same time as APPLE.

1983:
Indigenously develops an RDBMS, a Networking OS & Client Server Architecture, at the same time as
global IT peers.

1986:
HCL becomes the largest IT Company in India.

1989:
Introduces fined-grained multi-processor UNIX, 3 years ahead of “SUN” and “HP”.

1991:
HCL – Hewlett Packward JV develops multi-processor UNIX for HP and heralds HCL’s entry into
contract R&D.

1994:
Forges Distribution Alliances with Ericsson Switches and Nokia Cell Phones.

1997:
HCL’s R&D spun-off as HCL Technologies – marks advent into software services.

2001:
JV with Deutsche Bank.

Acquires British Telecom’s Apollo Contact Centre in Belfast, Northern Ireland.

2003:
HCL becomes the first company to cross the 100,000 unit milestone in the Indian Desktop PC market.

2004:
HCL Technologies get accorded by Meta Spectrum with Leaders status in Offshore Outsourcing.

HCL Info systems continues to be the largest manufacturer of PC’s in India.

2005:
JV with NEC, Japan

HCL setups first Power PC architecture design centre outside of IBM.

HCL Info systems launches sub Rs. 10,000 PC.

2006:
HCL Info systems ties up with Apple for iPod distribution.

HCL Technologies signs largest ever software services deal with DSG.

2007:
HCL as an enterprise crosses the $4 billion watermark.

HCL announces opening of its second European outsourcing facility in June with the establishment of a
delivery centre in Krakow, Poland.

HCL enters a US$ 30million partnership with Konica Minolta Group (KM), to provide software Services.
This is one of the largest engagements in the country, with a Japanese company.

HCL commences production in its ISO 14001 and ISO 9001:2000 certified – second manufacturing
facility in Rudrapur, Uttaranchal HCL Info systems wins CNBC Awaaaz consumer award for Desktops.
HCL BPO is world’s first BPO to get PCMM (People’s Capability Maturity Model) certified.

Company Profile & facts

HCL is a leading global Technology and IT Enterprise with annual revenues of US$ 4.9 billion.
The HCL Enterprise comprises two companies listed in India, HCL Technologies and HCL
Infosystems.

The 3 decade old enterprise, founded in 1976, is one of India's original IT garage start ups. Its
range of offerings span R&D and Technology Services, Enterprise and Applications Consulting,
Remote Infrastructure Management, BPO services, IT Hardware, Systems Integration and
Distribution of Technology and Telecom products in India. The HCL team comprises 55,000
professionals of diverse nationalities, operating across 18 countries including 360 points of
presence in India.

HCL has global partnerships with several leading Fortune 1000,including several IT and
Technology majors.

Along with the swiftly growing software technology industry, HCL, which was hitherto known
as the pioneer in modern computing made the advent into software development.

HCL's R&D was spun off as HCL Technologies in 1997 to mark their advent into the software
services arena.

Today, HCL sells more PCs in India than any other brand, runs Northern Ireland's largest BPO
operation, and manages the network for Asia's largest stock exchange network apart from
designing zero visibility landing systems to land the world's most popular airplane. And this it
does across 18 countries and across 360 service locations in India.

Products & Services

Product Engineering & Technology Development

The Engineering and R & D services department runs the largest outsourced engineering center
outside the US which is a testimony to the 30 year product engineering experience. The company
offers a comprehensive range of R&D and Engineering services to component vendors, OEMs,
ODMs and ISVs across multiple industry segments and domains.

Infrastructure
HCL Infrastructure Management Division is focused on addressing the growing demand for the
cost-effective management of technology infrastructure across geographically dispersed
locations. IT Infrastructure Management is in the HCL DNA, drawing resources from the 30 year
pioneering heritage in the area of computing, in line with global giants

BPO
Business Processing Outsourcing is heading towards a maturity level where a new form of BPO,
called Transformational BPO, is evolving that constitutes Full Process Outsourcing and Multiple
Process Outsourcing . The evolving trend is more focused towards compliance , time-to-market,
focus on core process, and quality improvement rather than cost savings.

Applications
Leveraging strong partnerships with platform / product companies, the team of applications
professionals deliver unprecedented value to few of the largest players in the field of Financial
Services, Retail and Healthcare.

IT Hardware
HCL Infosystems portfolio of products covers the entire spectrum of the information technology
needs of its customers. By virtue of the immense diversity of markets and customers that it
address, HCL Infosystems products offerings include everything from high end enterprise level
servers for mission critical applications to multimedia home computers.

Telecom and Imaging Products and Retail

HCL Infinet covers a range of telecom and imaging products including enterprise networking.
HCL tied up with Nokia in 1995 with the sale and services of Nokia mobile phones in India.

Networking and Network Integration

Network Management involves Network Monitoring of Bandwidth Utilization, Network Errors /
Collisions, Network Troubleshooting, Day-to-day Network Operations, Network performance
monitoring, Tuning Network Operating System and advise action plan.
Historic Events / Press Room

Awards
India's Most Preferred Personal Computer Brand by CNBC AWAAZ Consumer Award 2007
India's 'No. 1 PC Vendor' consecutively for six years.

HCL among the Top 3 IT companies for the last 3 years, DQ & IDC,Best Employer Survey,
'Best employer 2005' with Five Star Ratings

Top 50 Fastest Growing Technology Companies in India & 'Top 500 Fastest Growing
Technology Companies in Asia Pacific' by 'Deloitte & Touche'

Vineet Nayar appointed to the Board of Directors at HCL Technologies

Noida, Aug 1, 2008 : HCL Technologies, India’s leading Global Technology and IT Services
company, announced that Vineet Nayar, CEO, HCL Technologies, has been appointed to the
Board of HCL Technologies as a Wholetime Director with effect from August 1, 2008.

Shiv Nadar, Founder - HCL and Chairman & Chief Strategy Officer, HCL Technologies said -
“Vineet’s appointment to the Board reflects HCL’s commitment to nurturing talent, positioning
it in key areas of leadership and building lasting institutions of excellence. Vineet joined HCL -
his first and only job, as Senior Management Trainee in 1985. He created HCL Comnet, and
positioned HCL as a pioneer and industry leader globally in the Remote Infrastructure
Management space. He has led HCL’s transformation strategy, now a Harvard Business School
case study. Vineet will now continue to bring his leadership skills to bear on HCL’s future but in
a larger context - in developing its vision, governance and strategy beyond the confines of HCL’s
business. “

Vineet Nayar, now CEO and Wholetime Director, HCL Technologies, said, “I am honoured by
the Board’s decision, and look forward to being part of the future growth of HCL in all its larger
dimensions as a global and responsible corporate citizen. In my 23 year association with HCL,
this is another opportunity for me to share and shape the larger transformation journey with Shiv
Nadar, the board, and my team members across the HCL Enterprise.”