HCLTech IPO completes 25 years
Mumbai Mumbai: HCLTech completed 25 years of its initial public offering, and the IT services firm celebrated the occasion with a special bell-ringing ceremony at the National Stock Exchange (NSE) in Mumbai. Ashishkumar Chauhan, MD & CEO, NSE, and C Vijayakumar, CEO & Managing Director, HCLTech were present on the occasion. The company went public on January 11, 2000, and has since grown to become one of the largest global companies headquartered in India and a pioneer in the renowned IT services industry.
An investment of Rs 58,000 (for a lot of 100 shares) in the company’s IPO is equivalent to around Rs 32,00,000 (excluding dividends) after 25 years. In addition, according to the company statement, the investor will receive a total dividend of Rs 450,000 over a period of 25 years. Publicly available data shows that HCLTech has generated over 1,300 per cent returns for its shareholders in these 25 years. Since the onset of Covid, the company’s shares have gained nearly 200 per cent on a cumulative basis.
HCLTech’s revenue has grown from USD 166 million in the financial year ended June 1999 to USD 13.8 billion in December 2024, showing a CAGR of 19 per cent over the period. Net profit has grown from USD 22 million to USD 2 billion over the same period, showing a CAGR of 19.4 per cent. The company has paid dividends for 88 consecutive quarters till December 2024 and has declared a special dividend of Rs 6 on the occasion of the 25th anniversary in addition to the interim dividend. Over the last 25 years, HCLTech has delivered a cumulative total shareholder return with a CAGR of 20.6 per cent. From less than 3,000 employees in January 2000, HCLTech now employs over 220,000 people, representing 167 nationalities from 60 countries.
