Annual Report 2011-2012 - HCL Infosystems

ANNUAL REPORT 2011-12
Awards & Recognition
The year that went by witnessed numerous recognitions for
your Company as we bagged several awards and accolades as
under:
1) Bagged Skoch Digital Inclusion Award in "Technology in
Service Delivery" category for successful implementation
of Kolhapur Municipal Corporation E-Governance project.
2) Ranked No. 1 in IT Services Customer Survey by the
prestigious DQ CMR CSA Award.
3) Bagged VARIndia 2011 award for Best Projector DLP
(Infocus), Best PC Indian Brand and No.1 Distributor.
4) Voted by the channel Partners as the "Most Trusted
Company" in System Integration Category at the 10th
VARIndia IT Forum 2012.
5) Received CMMI ML5 SCAMPI Class A Certification from
Software Engineering Institute (SEI), Carnegie Mellon for
Jaipur Development Center.
6) Ranked No. 1 Employer of the Year by DQ-CMR Best
Employer Survey 2011.
7) Bagged DDI's "Grow your Own Leaders Award" for overall
management culture & effectiveness of the organization's
talent management system.
8) Regained the second spot for the Greenest companies as
per the Greenpeace Survey - Guide to Greener Electronics,
November 2011. The Company scored well for its GHG
emission levels from its entire operations, energy efficient
products, hazardous substance free products and
sustainable operations.
9) Won an award in the large scale category at the FICCI
Quality System Excellence Awards 2011 for Puducherry
plant.
10) HCL Learning bagged the following awards:
• Bloomberg|UTV B-School Excellence award for
Institute Management Systems (IMS) in the category
of "Best Cloud Based Education Institute Management
System".
• Star News National Education Award for Digischool
in the category of "Best ICT Enabled Content for K12
Education".
• Star News National Education Award for Digicampus
in the category of "Best Technology BASED Solutions
for Higher Education Institutes".
• The prestigious Jury Award at the 7th eINDIA awards
in the category of Best Open and Distance Learning
Practices in Higher education for Xcelerate program.
• Best Innovative Live Two Way Learning Solution for
Test Preparation - Xcelerate and Most Preferred
Learning Solutions Partner for Schools - Digischool
at the World Education Congress.
Employee Stock Option Plan
Employee Stock Option Scheme 2000
Pursuant to the approval of the Shareholders at an Extra-
Ordinary General Meeting held on 25 th February, 2000 for grant
of options to the employees of the Company and its
subsidiaries (the ESOP 2000), the Board of Directors had
approved the grant of 30,18,000 options including the options
that had lapsed out of each grant. Each option confers on the
employee a right for five equity shares of ` 2/- each.
Employee Stock Based Compensation Plan 2005
The Shareholders of the Company have approved the
Employee Stock Based Compensation Plan 2005 through a
Postal Ballot for grant of 33,35,487 options to the employees
of the Company and its subsidiaries. The Board of Directors has
granted 31,96,840 options including the options that had
lapsed out of each grant. Each option confers on the employee
a right for five equity shares of ` 2/- each at the market price as
specified in the SEBI (Employee Stock Option Scheme and
Employee Stock Purchase Scheme) Guidelines 1999, on the
date of grant.
Credit Ratings
The credit rating by ICRA continued at 'A1+' rating indicating
highest safety to the Company's Commercial Paper program
of ` 500 Crores.
The long term rating assigned by Fitch to the Company
continued at 'AA- (ind)'. The long term rating by Fitch also
continued at 'AA- (ind)' for Non-Convertible Debenture
programme of ` 80 Crores.
Fixed Deposits
There were no fixed deposits outstanding either at the
beginning or at the end of the year.
Listing
The equity shares of the Company are listed at The Bombay
Stock Exchange Limited, Mumbai (BSE) and National Stock
Exchange of India Limited, Mumbai (NSE).
The Company has paid the listing fee for the year 2012-2013 to
BSE and NSE.
Directors
After a long association with HCL of over 35 years, Mr. Ajai
Chowdhry stepped down from the position of Director of the
Company w.e.f. 30 th June, 2012. Mr. Chowdhry had earlier
stepped down from the position of Whole-time Director of the
Company w.e.f 31 st March, 2012. Mr. Chowdhry was one of the
6 co-founders of HCL and took over as the CEO of your company
in 1994. In his long inning as the CEO (1994-2010), he steered
the aggressive growth of the Company. During his tenure as
the CEO, the company grew its sales from ` 600 crores (year
1994-95) to ` 11,000 crores (year 2010-11). Besides contributing
to the growth of the Company, Mr. Chowdhry contributed to
the growth of Indian IT hardware industry as a whole and has
been a member of many Industry-Government task forces set
up for the growth of the industry. He was the chairman, CII
National Defence Council and was also the Co-Chairman of IT
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