HCL Technologies Ltd — Board/Management Information 2021

Jul 19, 2021

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July 19, 2021

The General Manager The Manager BSE Limited National Stock Exchange of India Limited Corporate Relationship Department Listing Department Phiroze Jeejeebhoy Towers Exchange Plaza Dalal Street 5th Floor, Plot No. C-1, Block-G Mumbai- 400 001 Bandra-Kurla Complex, Bandra(E) Mumbai-400 051 BSE Scrip Code: 532281 NSE Scrip Code: HCLTECH

• Appointment of Shri Shiv Nadar as the Chairman Emeritus & Strategic Advisor to the Board

• Appointment of Mr. C. Vijayakumar as the Managing Director of HCL Technologies

Dear Sirs,

Enclosed please find an intimation in terms of provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, on the above subject, as approved by the Board of Directors in its meeting held today.

This is for your information and records.

Thanking you,

Yours faithfully, For HCL Technologies Limited

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Manish Anand Company Secretary

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July 19, 2019

• Appointment of Shri Shiv Nadar as the Chairman Emeritus & Strategic Advisor to the Board

• Appointment of Mr. C. Vijayakumar as the Managing Director of HCL Technologies

Shri Shiv Nadar, Chief Strategy Officer & Managing Director of the Company, on completing 76 years of age, has tendered his resignation as the Managing Director as well as the Director of the Company with effect from close of business hours on July 19, 2021.

Shiv Nadar is one of the pioneers of the computing and IT industry in India. In 1976, he founded the HCL Group, leading the computing revolution as India’s original garage startup. Under his guidance, HCL has continued to ride the waves of the changing global IT landscape for over 45 years. While HCL started off as a technology hardware company, manufacturing the country’s first indigenous computers and introducing them to the Indian consumer, it eventually evolved into a more comprehensive software services global organization. HCL is, in fact, one of the few global IT companies founded in the 1970s that remains in existence to date.

A visionary, Shiv Nadar made HCL an engine of innovation and invention turning dreams into reality. Under his leadership, HCL is credited with the first ‘Made in India’ IT product innovations– the first 8-bit microprocessor-based computer in 1978, the first Relational Database Management System in 1983 before some of its global peers, client- server architecture in 1984, world’s first fine-grained multi-processor UNIX installation in 1989, among others. A pioneer in Remote Infrastructure Management, HCL was instrumental in implementing and managing the infrastructure backbone of one of India’s tallest financial institutions – the National Stock Exchange. HCL played a key role in supporting India’s telecom revolution through the creation of the largest mobile distribution network with Nokia. HCL Technologies, which spun out of HCL’s R&D unit, is currently the third largest IT Services firms headquartered out of India.

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With his strategic vision and leadership, HCL Technologies has achieved the distinction of the Number 1 position in 2 out of the 4 large service lines that power the Indian IT services industry - Engineering & R&D Services and Infrastructure Management Services. Its stellar success in next generation Digital Services and its recent foray into Software Products, helped HCL Technologies surpass the 10 B$ Revenue milestone in FY21. With this, HCL Technologies is now among the top 10 global IT Services firms in the world.

Throughout his career, he always acknowledged that building successful institutions is dependent on forging result-oriented partnerships and creating new knowledge. He steered HCL to create several valuable joint ventures and alliances with marquee partners such as Hewlett Packard, Cisco, Perot Systems, Deutsche Bank and Toshiba among others that aided the organization’s emergence as a global technology enterprise.

Shiv Nadar also gave wings to the aspirations of young men and women in India when he co-founded NIIT in 1981, to deliver low-cost quality technical education. NIIT helped create a large pool of trained experts who had the skills needed to deliver technology solutions for businesses and the masses. Since inception, NIIT has trained over 35 million people in computer education, that is comparable to the total number of people that live in Canada.

He firmly believes that access to quality education is the most potent tool of transformation and therefore, in 1994, he established the philanthropic - Shiv Nadar Foundation. The Foundation has established six institutions covering the entire spectrum of education and are uniquely modelled to bridge gaps in the way education has been traditionally delivered to different strata in the Indian society.

As of March 2021, the Shiv Nadar Foundation had invested around US$ 988 million to create institutions of transformational education that are nurturing India’s next generation of leaders. While the Foundation has directly touched over 34,000 students, its ultimate aim is to create spirals, where every individual student is able to touch and transform the lives of a few others; thereby driving a cascading effect. He was named the Forbes

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Outstanding Philanthropist of the year in 2015 by Forbes India and The Economic TimesPhilanthropist of the Year 2019. He was listed amongst Forbes' 48 Heroes of Philanthropy in Asia Pacific in 2011. He was awarded the Padma Bhushan from the President of India in 2008.

In order to continue to benefit from his vast knowledge, experience, and wisdom in an advisory role, the Board of Directors in its meeting held today, after considering the recommendations of the Nomination & Remuneration Committee, has approved the appointment of Shri Shiv Nadar as the `Chairman Emeritus and Strategic Advisor to the Board ’ for a term of five years with effect from July 20, 2021. The payment of remuneration or providing any facilities under this role will be subject to the approval of the shareholders.

In place of Shri Shiv Nadar, the Board of Directors, after considering the recommendations of the Nomination & Remuneration Committee, and subject to the shareholders and regulatory approvals, has appointed Mr. C. Vijayakumar, President & CEO of the Company as the Managing Director of the Company with a title of CEO & Managing Director’ for a term of five years with effect from July 20, 2021.

This is for your information and records.

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