BSEMediumPositive
Announced Fri, 13 Jun · 12:39 IST

Enclosed please find a release on the captioned subject.

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AI summary

HCLTech's CSR arm, HCLFoundation, signed two MoUs with the Government of Tamil Nadu. The first is a three-year partnership with StartupTN to mentor and support 100 startups through incubation and market linkage. The second is a five-year renewal with the Department of Employment and Training to strengthen vocational education via mobile skill labs, curriculum upgrades, and training at government ITIs. HCLTech has over 223,000 employees globally and posted $13.8 billion in trailing 12-month revenues as of March 2025. The MoUs are part of HCLFoundation's CSR programs, which have impacted over 6.5 million lives so far.

Likely market impact

This is a CSR and community outreach initiative with no direct impact on HCLTech's financials, operations, or stock price. It reflects the company's brand-building and social responsibility efforts rather than any material business development.