HCLTech to set up Global Technology Center in Bhubaneswar
HCLTECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
HCLTech signed an MoU with the Government of Odisha to set up a Global Technology Center in Bhubaneswar, housing 5,000 people. Operations expected by 2028. The center will focus on AI-led digital solutions and complement HCLTech's proposed AI Data Center in the Odisha Sovereign AI Park. Part of their New Vistas initiative to expand presence across India. HCLTech currently employs 170,000+ in India, with revenues of $14.8 billion for 12 months ending June 2026.
Positive for long-term growth as expansion adds new delivery capacity and taps into local talent. Investment value not disclosed, so near-term financial impact is unclear.