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    HCL Announces The Appointment of Mr. Vineet Nayar As President

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    manisha
    Vineet Nayar has been appointed as the new President of HCL Technologies. He will be responsible for HCL's software and infrastructure business, which accounts for 86% of HCL's $750 million annual revenue. Nayar has over 20 years of experience with HCL and has helped grow the company's global presence. The previous President, S Raman, will remain on the board and serve as the Chief Technology Advisor after helping establish HCL as a leader in technology development and services.

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    HCL Announces The Appointment of Mr. Vineet Nayar As President

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    Vineet Nayar has been appointed as the new President of HCL Technologies. He will be responsible for HCL's software and infrastructure business, which accounts for 86% of HCL's $750 million annual revenue. Nayar has over 20 years of experience with HCL and has helped grow the company's global presence. The previous President, S Raman, will remain on the board and serve as the Chief Technology Advisor after helping establish HCL as a leader in technology development and services.

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    Vineet Nayar has been appointed as the new President of HCL Technologies. He will be responsible for HCL's software and infrastructure business, which accounts for 86% of HCL's $750 million annual revenue. Nayar has over 20 years of experience with HCL and has helped grow the company's global presence. The previous President, S Raman, will remain on the board and serve as the Chief Technology Advisor after helping establish HCL as a leader in technology development and services.

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    4 views3 pages

    HCL Announces The Appointment of Mr. Vineet Nayar As President

    Uploaded by

    manisha
    Vineet Nayar has been appointed as the new President of HCL Technologies. He will be responsible for HCL's software and infrastructure business, which accounts for 86% of HCL's $750 million annual revenue. Nayar has over 20 years of experience with HCL and has helped grow the company's global presence. The previous President, S Raman, will remain on the board and serve as the Chief Technology Advisor after helping establish HCL as a leader in technology development and services.

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    of 3

    Press Release dated April 5th, 2005

    - For immediate release

    HCL
    announces the appointment of
    Mr. Vineet Nayar as President

    NOIDA, National Capital Region, India, April 5th, 2005: HCL


    Technologies Ltd. (“HCL”) today announced the appointment of Mr Vineet
    Nayar as President. He will be responsible for HCL’s Software &
    Infrastructure business accounting for 86% of HCL’s $750 Mln revenue
    run rate global services business.

    Mr. Nayar started his career with the HCL in 1985 as a Senior
    Management Trainee. He has an engineering degree, and a MBA from
    XLRI, one of India’s leading business schools. He has held diverse
    portfolios in Sales and Strategic Marketing and has been an integral part
    of building HCL’s business to its global scale and stature. He is a key
    member of HCL leadership team and has over the last decade pioneered
    HCL’s foray into the Remote Infrastructure Management business. The
    business is today a leader in this space according to Gartner, Dataquest,
    and CMP.

    Congratulating Mr. Nayar on his new appointment, Mr. Shiv Nadar,


    Founder HCL, and Chairman & CEO HCL Technologies said, “Vineet has
    demonstrated strong leadership skills during his 20 years with HCL. I feel
    confident that his global outlook, leadership skills and demonstrated
    track record of building new businesses will take HCL’s Software &
    Infrastructure business to the next trajectory of growth.”

    Mr. Nayar takes over the reins from Mr. S Raman, Co Founder of HCL
    and President & COO of HCL’s Software business. Mr. Raman has been a
    key architect of HCL’s rich history of R&D and IT inventions. He has been
    a driving force responsible for building up HCL’s global software services
    business. He will continue to be on the board of HCL Technologies,
    become its Chief Technology Advisor, and will advise HCL’s leadership on
    business and technology directions going forward. “Raman has been a co
    founder of HCL, a close friend and confidant, and a brilliant technocrat
    whose vision for HCL’s Technology and R&D business has been
    instrumental in our growth. HCL and I will be continuing to rely on his
    counsel as we build on HCL’s three decade heritage in pioneering the IT
    revolution.”
    About HCL Enterprise
    HCL Enterprise is a leading Global Technology and IT enterprise with annual
    revenues of $2.0 billion, with IT Products and Services contributing to revenues
    of $1.1 billion. The HCL Enterprise comprises of two companies listed in India,
    HCL Technologies & HCL Infosystems. The 29 year old enterprise, founded in
    1976, is one of India’s original IT garage start ups. Its range of offerings span
    Product Engineering, Technology and Application Services, BPO, Infrastructure
    Services, IT Hardware, Systems Integration, and distribution of technology and
    telecom products. The HCL team comprises of 24,000 professionals of diverse
    nationalities, who operate from 15 countries including 300 point of presence in
    India. HCL has global partnerships with several leading Fortune 1000 firms,
    including leading IT and Technology firms.

    About HCL Technologies


    HCL Technologies is one of India’s leading global IT services company, providing
    software- led IT solutions, BPO and Remote Infrastructure Management
    services. Making a foray into the services domain in 1997-98, HCL Technologies
    focuses on technology and R&D outsourcing, working with clients in areas at the
    core of their business. The company leverages an extensive offshore
    infrastructure and its global network of 26 offices in 15 countries to deliver
    solutions across select verticals including Banking, Insurance, Retail &
    Consumer, Aerospace, Automotive, Semiconductors, Telecom and Life Sciences.
    For the twelve month period ended 31st December 2004, HCL Technologies
    along with its subsidiaries had revenues of $ 664 million and 20,249 employees.
    For more information, please visit www.hcltech.com

    Forward Looking Statements


    Certain statements in this release are forward-looking statements, which involve a number of risks,
    and uncertainties that could cause actual results to differ materially from those in such forward-
    looking statements. The risks and uncertainties relating to these statements include, but are not
    limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth,
    intense competition in IT services including those factors which may affect our cost advantage, wage
    increases in India, our ability to attract and retain highly skilled professionals, time and cost
    overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration,
    our ability to manage our international operations, reduced demand for technology in our key focus
    areas, disruptions in telecommunication networks, our ability to successfully complete and integrate
    potential acquisitions, liability for damages on our service contracts, the success of the companies/
    entities in which we have made strategic investments, withdrawal of governmental fiscal incentives,
    political instability, legal restrictions on raising capital or acquiring companies outside India, and
    unauthorized use of our intellectual property and general economic conditions affecting our industry.
    The company does not undertake to update any forward-looking statement that may be made from
    time to time by or on behalf of the company.

    For further information please contact:


    Manisha Singh Alka Sharma
    HCL Technologies Genesis PR
    A 10/11, NOIDA 201301, India 807B Signature Towers,
    Tel: 95-120-2520917 South City
    e-mail: Gurgaon 122001, India
    manishasingh@corp.hcltech.com Tel: +91 9811546200
    Fax : (91-0124) 5044744
    e-mail: asharma@genesispr.com

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