HCL Technologies Chairperson Roshni Nadar Malhotra
HCL Technologies, India’s third largest software company, plans to expand partnership with hyperscalers and follow a diversified product and service strategy among measures to tap a larger total addressable market, chairperson Roshni Nadar Malhotra said.
“The post-pandemic world has accelerated the adoption of technology, which has become an unstoppable force for good that is transforming lives,” Nadar Malhotra told shareholders on Tuesday while speaking at the company’s 30th annual general meeting.“Digital and cloud have become the new normal as enterprises and governments embrace digital technologies to serve their stakeholders more efficiently in the connected world.”
She added that capturing real value from cloud transformation continues to be a massive market driver and one of the biggest areas of technology spending across industries. “Being amongst the first to spot this potential, we have strategically partnered with top hyperscalers and are well positioned to leverage growth opportunities in this space”.
Nadar Malhotra, who is also the richest woman in India, said that the company has committed to achieving net-zero carbon by 2040, joining a select group of public firms globally that have committed to such emission targets.
“We have identified 12 material ESG (Environmental, Social and Governance) topics and are tracking over 100 metrics to drive sustainability across the organization. Our 2030 sub-targets have been validated by the Science Based Targets initiative (SBTi) and aligned with the 1.5°C pathway,” she said.
Nadar Malhotra added that HCL Technologies’ growth strategy for the emerging digital future is built on five strategic objectives which includes differentiated services and products, being an employer of choice in professional services across all key geographies, being a strategic partner for large clients, include ESG goals into business strategy and deliver superior total shareholder return over the medium term.
She also stated that the company is building upon the strategic objective to be the preferred digital partner for global 2000 enterprises in chosen markets as 70% of the global technology spend comes from these companies.