HCL Technologies SWOT and PESTLE Analysis

Strength

1. One of the leading global technology companies: HCL Technologies is one of the leading global technology company operating in around 44 countries. It employs around 147,000 ideapreneurs as of 2020. The Company differentiates itself with other companies cause of its expertise in various fields. The IT major specializes in Product Engineering DNA and maximizes its scale in digitalization. The strategy of best in class delivery capabilities, a strong innovation ecosystem and above all, the passion of its talented employees has been showing results for the company as it witnessed a growth at a CAGR of 14.1% between FY17 and FY20. The strong partnership ecosystem and innovative business constructs helps the company reach heights of success. The company also believes in maintaining a relationship beyond the contract and hence is respected by all its customers and clients alike. In terms of analyst recognitions, fiscal 2020 was an outstanding period for HCL, as it retained and expanded its leadership positions in 207 competitive evaluations.

2. Focus on marketing and brand building for enhancing its industry leading growth: HCL continues to promote and position its business in a holistic manner which will help in enhancing the industry leading growth of the company. This also helps in increasing brand value while deepening the relationship and experience with clients and various stakeholders. It empowers HCL’s client partners and sales potential to maximize their potential and perform even better. The company works towards strengthening the value propositions. The IT major has been doing this by generating demand through systematic digital campaigns, simplifying and enriching client buying journeys and attracting new clients at scale. HCL also has its inhouse digital and creative agency i.e. Center for Design and Experience (CODE) providing additional support to the company.

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Weakness

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Opportunity

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Threats

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Political

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Economic

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Social

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Technological

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Legal

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Environmental

1. Striving to achieve Excellence in Environmental Management across operations: HCL Technologies believes in its accountability to future and hence has committed itself to resolve any environmental challenge by adopting a leadership role in fostering a sustainable environment. It integrates environmental considerations into all its areas of operations. It works towards reducing its ecological footprint through optimized utilization of natural resources and also by ensuring responsible use of energy. It does so by conserving energy, improving energy efficiency, and giving preference to renewable over non-renewable energy wherever feasible. It continuously introduces more sustainable and green procurement approaches so as to help in ensuring environmental management. It also adopted ‘Reduce- Reuse- Recycle- Recovery’ philosophy to prevent pollution and minimize all types of e-waste. In continuation with its commitment to reduce “carbon footprint”, it has procured 26,460 MWH of renewable power for its campuses in FY20.