India’s third largest IT services giant HCLTech has reappointed C Vijayakumar as the company’s CEO and managing director from September 1, 2025 to March 31, 2030, for a third tenure.
This makes Vijayakumar the longest serving active CEOs in the recent decade among the top five Indian IT services giants including Tata Consultancy Services (TCS), Infosys, HCLTech, Wipro and Tech Mahindra --- at least three of them saw CEO changes in the past 2-3 years.
“This is to inform you that based on the recommendations of the Nomination and Remuneration Committee, the Board of Directors of the Company in its meeting held today has approved the re-appointment of Mr. C. Vijayakumar (DIN - 09244485), as the Managing Director of the Company with the designation of ‘CEO & Managing Director’, from September 1, 2025 to March 31, 2030, liable to retire by rotation, subject to approval of the shareholders of the Company,” the company said in a BSE filing on July 24.
As of FY24, Vijayakumar was also the highest-paid Indian IT CEO, taking home Rs 84.16 crore.
Vijayakumar was first appointed as the company’s CEO back in 2016, when he succeeded former CEO Anant Gupta. Prior to that Vijaykumar was serving as the chief operating officer, and has been with the IT firm for over 31 years in various roles.
As of Q1FY26, HCLTech reported 10 percent decline in consolidated net profit at Rs 3,843 crore for the quarter ended June 30, 2025. The firm reported consolidated net profit of Rs 4,257 crore in the year-ago period.
The IT firm's consolidated revenue from operations rose 8% to Rs 30,349 crore in Q1FY26 as against Rs 28,057 crore in Q1FY25.
Operating margin for the quarter has plunged to 16.3% in Q1, sequentially down by 160 bps from 17.9% in Q4FY25.
HCLTech has revised its FY26 constant currency revenue growth guidance to 3-5%. The company has raised its guidance on the upper end from from 2-5% announced in the previous quarter.
The company has also revised its operating margin guidance for FY26, reducing it to 17-18% from 18-19% previously.
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