HCLTech leads in Asia Executive Team survey by Institutional Investor

HCLTech has emerged as a prominent leader in the 14th Annual Asia Executive Team survey released by Institutional Investor Research. The technology company, headquartered in India, achieved significant recognition across multiple categories, securing top positions in 21 categories within the Technology IT Services & Software sector.

Among the accolades, HCLTech received notable mentions for its corporate governance and investor relations efforts. The company was ranked first in the Overall ESG category within the sell-side segment. Additionally, the survey placed C Vijayakumar, CEO and Managing Director, as the leading CEO in both the overall and sell-side segments. Prateek Aggarwal, CFO, also received top honours in the Best CFO category for the Rest of Asia track.

HCLTech distinguished itself with a total of 27 Top 3 rankings across the Asia ex-Japan and Rest of Asia (excluding Mainland China) survey tracks. Notably, it was one of four companies from India to be named 'Most Honoured Company' in the Asia ex-Japan track. The company's Board of Directors was ranked third in the overall segment for the Rest of Asia track. Additionally, the HCLTech Investor Relations team was recognised as the best across multiple tracks, with Nitin Mohta, Head of Investor Relations, taking the top spot in the Best IR Professionals category within Rest of Asia.

In response to the recognition, C Vijayakumar, CEO & Managing Director at HCLTech, stated, "The survey is another vote of confidence by global investors and analysts in HCLTech's commitment to high standards of governance and transparency. We will continue our focus on engaging with the investor community and delivering on our strategic goal of delivering top quartile total shareholder return."

The survey, which assessed a vast array of companies and professionals, saw participation from 5,894 investors, portfolio managers, and analysts representing 1,388 voter firms. These participants nominated a total of 1,669 companies and 2,595 individuals across 18 sectors. The voter base included 4,943 buy-side professionals from 1,232 buy-side companies, managing an estimated USD $2 trillion in Asia (ex-Japan) equities, and 951 sell-side analysts from 156 companies.

HCLTech, a global technology entity, employs over 227,000 individuals across 60 countries. The company operates a diversified portfolio of technology services and products with a focus on digital, engineering, cloud, and AI solutions. Clients span multiple industries including Financial Services, Manufacturing, Life Sciences and Healthcare, Technology and Services, Telecom and Media, Retail and CPG, and Public Services. For the 12 months ending March 2024, HCLTech reported consolidated revenues of USD $13.3 billion.