C Vijayakumar

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.

HCLTech launches US subsidiary to offer public sector solutions

HCLTech Public Sector Solutions (PSS) will be led by Arjun Sethi, who was appointed as the Chief Growth Officer for Strategic Segments in November.

HCLTech appoints Arjun A. Sethi in newly-created Chief Growth Officer role

Sethi will focus on government, financial services and global private equity segments across Americas, Middle East and APAC

Why HCLTech CEO Vijayakumar thinks GenAI deal sizes are irrelevant

HCLTech rivals Accenture and TCS have been talking about GenAI deal sizes increasing to $10-30 million in the recent quarters, up from $1 million

HCLTech sees headcount decline by 780 in Q2FY25

In Q2, HCLTech added around 2,932 freshers and plans to onboard 10,000 freshers in FY25.

At Rs 84.16 crore, HCLTech’s C Vijayakumar becomes highest paid Indian IT CEO for FY24

Second to him is Infosys CEO Salil Parekh who drew around Rs 66.25 crore, followed by Wipro’s new CEO Srini Pallia who got a remuneration package of around Rs 50 crore.

No office, no leaves!  HCLTech links employee leaves to office attendance

Employees have to be in office three days a week and at least 12 days in a month, else their leaves will be cut for each day they are absent, people familiar with the matter said.

HCLTech has no plans to link variable pay to office attendance, says CEO C Vijayakumar

In February, the company made it a must for employees to report to office thrice a week

Discretionary spending has not picked up, says HCLTech CEO C Vijayakumar

HCLTech expects to see growth across all verticals and geographies barring financial services in Q2.

No significant pick up in discretionary spending yet: HCLTech CEO

HCLTech reported $1.96 billion in new deal wins for Q1FY25, a decline sequentially from $2.29 billion reported last quarter.

FY25 guidance of 3-5% good growth in current environment; cloud migration, GenAI gaining traction: HCLTech CEO

Vijayakumar told PTI in an interview that HCL Technologies (HCLTech) is keen on acquisitions in areas of semiconductor, automotive, and of platforms that drive strong annuity revenues or geographies such as Japan.

FY25 discretionary spending environment will be similar to FY24: HCLTech CEO

Discretionary spending is expected to increase in the coming quarters, especially around data, as customers focus on generative AI proof of concept projects, says CEO C Vijayakumar.

Davos 2024: Next set of discretionary spending will be driven by areas making AI more productive, says HCLTech CEO Vijayakumar

After beating its own operating margin guidance of 18-19% in Q3, Vijayakumar said that it will start normalising in Q4.

Fresher training and onboarding needs to be reimagined: HCLTech CEO C Vijayakumar

Despite the current industry-wide trend of slowdown in hiring and more focus on improving utilisation rates, HCLTech's CEO C Vijayakumar said the demand for talent will continue, but the expectations from employees will be quite different now.

HCLTech seeing highest ever deal pipeline, led by large and long-term deals: CFO Prateek Aggarwal

The $2.1 billion Verizon Business deal is HCLTech's single largest services deal to date, and a milestone for the company, said Anil Ganjoo, chief growth officer, Americas.

HCLTech CEO C Vijayakumar's remuneration falls 79% in FY23 at Rs 28.4 crore

The steep decline in pay is due to the long-term incentive, which HCLTech pays out at the end of two years. C Vijayakumar will receive the LTI for FY22 and FY23 at the end of FY24.

Dismal growth, guidance downgrades, declining headcount: How Indian IT majors fared in Q1

The sector appears to be stuck in a situation where it is seeing strong demand along with uncertain deal closure timelines. Analysts say the sector's growth will fall from double-digits to lower single-digit levels in FY24

HCLTech skips salary hikes for management level staff in FY24

The IT services major is also delaying compensation review for the junior to mid-level employees by a quarter.

Deal pipeline in current quarter is at all-time high, expect good sequential growth here on: HCLTech CEO

HCLTech’s quarterly order book for Q1 dropped to $1.56 billion. The decline in order book of Q1 was driven by large clients reprioritising projects and ramping down deals in the tech and telecom segments.

HCLTech sees headcount reduce sequentially in Q1, defers hikes by a quarter

HCLTech ended the quarter with 2,506 fewer employees than the previous quarter, primarily because it chose not to backfill attrition.

Automation, cost-efficiency will be the biggest themes for deal wins in FY24: HCLTech CEO

CEO C Vijaykumar expects the attrition rate to drop further and stabilise at 15 percent in the next couple of quarters. The company plans to add 13,000-15,000 freshers in FY23-24.

Uncertainties in bookings remain restricted to discretionary tech spending: HCLTech CEO

HCLTech's consolidated net profit for the quarter ended March 2023 stood at Rs 3,981 crore, up 10.61 percent against Rs 3,599 crore a year back.

HCL Tech slows down employee addition, hiring drops to 17,067 from nearly 40,000

HCLTech added 3,674 employees in the fourth quarter ended March 31, 2022. The total headcount of the company at present stands at 225,944.

HCLTech’s order book grew 10% YoY in Q3 to $2.35 billion

The IT services major’s CEO C Vijayakumar remains bullish on demand environment, bets on vendor consolidation, cost optimisation and integrated opportunities in the near- to mid-term

From TCS' Rajesh Gopinathan to HCL's C Vijayakumar: These are the top 5 highest-paid IT CEOs in India

Here’s a look at the huge pay package of the highest-paid CEOs of top Indian IT companies.