HCL Tech net rises 9.9%, sees double-digit growth
The Hindu
Vijayakumar is MD as Nadar, 76, retires
HCL Technologies on Monday reported a 9.9% rise in its consolidated net profit to ₹3,214 crore for the first quarter ended June, and said it expected revenue to grow in double digits in constant currency in the ongoing fiscal, driven by a strong deal pipeline. The company added that its founder Shiv Nadar will take on the role of Chairman Emeritus and Strategic Adviser to the company’s board. Mr. Nadar tendered his resignation as the MD as well as director on completing 76 years of age. The company’s current president and CEO C. Vijayakumar has been appointed as the Managing Director with the title of CEO and MD for five years with effect from July 20. Additionally, Vanitha Narayanan has been appointed as additional director and will hold office as independent director.
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