HCL Technologies CEO, Vineet Nayar, Conferred With the 'Leader in the Digital Age' Award at CeBIT 2011By Hcl Technologies, PRNE
Wednesday, March 2, 2011
Vineet Nayar Becomes the FIRST Global Leader to be Presented With This Award by CeBIT, the World's Largest Trade Fair Showcasing ICT
HANNOVER, Germany, NOIDA, India, and LONDON, March 3, 2011 - HCL Technologies Ltd. (HCL), one of the leading global IT services
providers, today announced that its Vice Chairman and CEO, Vineet Nayar, has
been conferred with the prestigious 'Leader in the Digital Age Award' (LIDA)
at the CeBIT 2011 show in Hannover, Germany.
The LIDA Award honours outstanding Enterprise 2.0 leaders and will be
conferred for the first time at this world's largest trade fair showcasing
ICT. The award recognises Nayar for pioneering 'the revolutionary corporate
philosophy of Employees First, Customers Second, which acknowledges employees
as the most important capital a company has.' The result of Nayar's vision is
to bring together the three pillars of the Enterprise 2.0 management
strategy: transparency, openness and networking.
HCL's Employees First, Customers Second (EFCS) philosophy is centred on
the belief that organisational focus and structures should be inverted to
focus on the 'value zone' - the place where frontline employees interact with
customers and create real value for them.
Under Vineet Nayar's leadership and fuelled by the EFCS philosophy HCL
Technologies had embarked on a transformation journey in 2005 during which
the company's revenues increased by over 3.6 times, net income rose by 91 per
cent, and Market Cap doubled. Its most testing validation however happened
during the 2008-09 economic recession when HCL Technologies became the
fastest growing IT Services company in the world. This path-breaking success
of the company has been captured as a case study, which is currently being
taught at the Harvard Business School.
Nayar recently took centre stage globally through the release of his book
'Employees First, Customers Second - turning conventional management wisdom
upside down' which has been ranked No. 7 on Amazon UK's listing of 'Best
Business Books of 2010' and also been rated amongst the 'Best Business Books
of 2010' by the Library Journal of America. This Harvard Business Press
bestseller has been welcomed with rave reviews across the globe by business
leaders and scholars alike.
Mr Jorg Bode, Minister for Economy of the German county Lower Saxony and
member of the judging committee said, "In the time of networking and Web 2.0
it is clear that networking and transparency are becoming critical issues for
Top managers. As a visionary leader of HCL Technologies the CEO Vineet Nayar
was able to use new technologies with an extremely positive effect for his
company. This is why we awarded him with this prize."
"It is truly wonderful to be recognised and rewarded with this top
industry citation. I would like to thank the jury for the privilege of being
the first leader in the world to receive this honour," said Vineet Nayar,
Vice Chairman and CEO, HCL Technologies. "The Digital age is powered by human
knowledge and HCL's Employees First, Customers Second philosophy is a
testament of this basic truth. We believe that organizations need to put
humans back into business by unleashing their potential and passion towards
value creation and innovation."
Through his blog (www.vineetnayar.com/) and other dialogues Nayar
outlines his hope to take the principles of EFCS to the next generation in
pursuit of 'new leaders' beyond the traditional corporate hierarchies.
The award will be presented at a ceremony during the CeBIT 2011
conference in Hannover, Germany on 2 March 2011.
About HCL Technologies
HCL Technologies is a leading global IT services company, working with
clients in the areas that impact and redefine the core of their businesses.
Since its inception into the global landscape after its IPO in 1999, HCL
focuses on 'transformational outsourcing', underlined by innovation and value
creation, and offers integrated portfolio of services including software-led
IT solutions, remote infrastructure management, engineering and R&D services
and BPO. HCL leverages its extensive global offshore infrastructure and
network of offices in 26 countries to provide holistic, multi-service
delivery in key industry verticals including Financial Services,
Manufacturing, Consumer Services, Public Services and Healthcare. HCL takes
pride in its philosophy of 'Employee First' which empowers our 72,267
transformers to create a real value for the customers. HCL Technologies,
along with its subsidiaries, had consolidated revenues of US$ 3.1 billion
(Rs. 14,101 crores), as on 31st December 2010 (on LTM basis). For more
information, please visit www.hcltech.com
HCL is a $5.5 billion leading global technology and IT enterprise
comprising two companies listed in India - HCL Technologies and HCL
Infosystems. Founded in 1976, HCL is one of India's original IT garage
start-ups. A pioneer of modern computing, HCL is a global transformational
enterprise today. Its range of offerings includes product engineering, custom
& package applications, BPO, IT infrastructure services, IT hardware, systems
integration, and distribution of information and communications technology
(ICT) products across a wide range of focused industry verticals. The HCL
team consists of over 77,000 professionals of diverse nationalities, who
operate from 29 countries including over 500 points of presence in India. HCL
has partnerships with several leading Global 1000 firms, including leading IT
and technology firms. For more information, please visit www.hcl.com.
For details contact HCL Technologies Ranjana Sharma HCL Technologies, Europe DID: +44(0)207-105-8661 MOB: +44(0)7921-699137 LEWIS PR Tim Focas +44(0)20-7802-26-26 firstname.lastname@example.org
For details contact: HCL Technologies, Ranjana Sharma, HCL Technologies, Europe, DID: +44(0)207-105-8661, MOB: +44(0)7921-699137; LEWIS PR, Tim Focas, +44(0)20-7802-26-26
hcl at lewispr.com
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