HCL Tech hits $10-b mark, staff gets Rs 700 crore

The special bonus will be paid this month

NEW D ELHI: HCL T echnologies announced a special one-time bon us w orth over Rs 700 crore for its employees, as the IT giant marked USD 10 billion (about Rs 72,800 cr ore) revenue milestone.

The special bon us will be paid to employees in February 2021, amounting to nearly USD 90 million plus payroll taxes in some countries, the impact of w hich is excluded from FY21 EBIT (earnings before interest and taxes) guidance provided by the company last month, HCL Tech said.

HCL Technologies said it is "issuing a one-time special bonus to employees around the world" worth over Rs 700 crore in recognition of its recent milestone of crossing the USD 10 billion mark in revenue for 2020.

"In celebration and gratitude all employees with one year of service or greater will receive a bonus, the equivalent of ten days' salary," the statement said.

Despite an unrelenting pandemic, eac h and e very member of HCL f amily demonstrated str ong commitment and passion, contributing to the growth of the org anisation, HCL Technologies' Chief Human Resources Of ficer Apparao V V said.

"The USD 10 billion revenue milestone is a testament of our remarkable resilience as an organisation and the entrepreneurial spirit of our 1,59,000 plus employees," he added.

HCL Tech said achieving this historic milestone in technology, business and engineering services and software, in just 20 years since its IPO, reflects efforts and consistent achievements of employees, deep relationships with leading companies across industries and a strong network of partners and stakeholders.