HCLTech Sweeps Top Honors In The Institutional Investor Research Annual Asia Executive Team Survey

On July 5, 2024, HCL Technologies announced via a stock exchange filing that it has awarded top honours in the 14th Annual Asia Executive Team survey by Institutional Investor Research.

This prestigious survey highlights Asia’s best CEOs, CFOs, and Investor Relations Officers, emphasising corporate governance and investor confidence. HCLTech, headquartered in India, led the IT services sector by securing #1 rankings in 21 categories and achieving 27 Top 3 positions across Asia, excluding Japan and Mainland China.

Key Achievements in the Institutional Investor Research Survey

• HCL Technologies was named one of the 4 ‘Most Honored Companies’ from India in Asia ex-Japan.
• HCL ranked #3 in the Company Board of Directors category in the Rest of Asia.
• CEO C Vijayakumar ranked #1 as the Best CEO in overall and sell-side segments.
• CFO Prateek Aggarwal ranked #1 as the Best CFO in the Rest of Asia.
• HCLTech’s Investor Relations team ranked #1 in the Best IR Team category across multiple tracks.
• Nitin Mohta, Head of Investor Relations, ranked #1 as the Best IR Professional in the Rest of Asia.
• HCL ranked #1 in the Overall ESG category for the sell-side segment in both survey tracks.

C Vijayakumar, CEO and Managing Director of HCLTech said, “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 focusing on engaging with the investor community and delivering on our strategic goal of delivering top quartile total shareholder return.”

Insights into the Survey Participation and Impact

This survey involved 5,894 investors, portfolio managers, and analysts from 1,388 firms. They nominated 1,669 companies and 2,595 individuals across 18 sectors. This included 4,943 professionals from 1,232 buy-side companies, managing approximately $2 trillion in equities in Asia (excluding Japan), and 951 sell-side analysts from 156 companies.

About HCL Technologies

HCL Technologies is a global technology company with over 227,000 employees in 60 countries. It specialises in digital, engineering, cloud, and AI services and offers a wide range of technology products. HCLTech serves clients in various sectors, such as Financial Services, Manufacturing, Life Sciences, Healthcare, Technology, Telecom, Media, Retail, Consumer Packaged Goods, and Public Services.

On July 5, 2024, the share price of HCL Technologies Ltd opened at ₹1,523.00, touching the day’s low of ₹1,529.25 as of 11:05 AM on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.