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HCL Technologies Expands its Presence in Sri Lanka with the Opening of a New Facility at 'The Offices' in Cinnamon Life

Posted On: 2021-11-25 15:08:47 (Time Zone: IST)


HCL Technologies (HCL), a leading global technology company, opened its new facility at the state-of-the-art Cinnamon Life complex. HCL continues to expand and grow in Sri Lanka and this new facility will be its largest in the country, accommodating 4,000 employees.

HCL entered Sri Lanka in 2020 with the aim to make it a global technology and IT services delivery hub for some of the largest corporations in the world. In continuation with its commitment to build first class capabilities and create local employment, HCL intends to occupy 80% of Cinnamon Life, a project by John Keels, with plans of taking up 10 floors now and 10 floors at a later stage. The architectural design and world class interiors of HCL's new development center has been delivered by Tikri Bibile Associates (TBA), supported by WIDAC Commercial Interiors Pvt Ltd and Leema Associates. From this new development HCL will provide IT services to global clients in the areas of digital applications and system integration services, product development and support, and infrastructure management services including digital workplace solutions.

The Honorable Finance Minister of Sri Lanka, Basil Rajapaksa and His Excellency Gopal Baglay, Indian High Commissioner to Sri Lanka, inaugurated the office in the presence of Prateek Aggarwal, Chief Financial Officer, HCL Technologies, Srimathi Shivashankar, Corporate Vice President, HCL Technologies, and Krishnan Balendra, Chairman, John Keels.

"As a nation, we are thankful for the opportunities HCL continues to offer our youth and make them global IT professionals," said Basil Rajapaksa, Honorable Finance Minister of Sri Lanka. "The company's commitment and growth drive in Sri Lanka are also reflective of the long-term business resilience of Colombo's ascent as a commercial hub in South Asia. I take this opportunity to congratulate the management of HCL Technologies and extend my very best wishes."

"We are delighted to welcome HCL as the anchor commercial tenant for 'The Offices' at Cinnamon Life, and to provide a platform for their growth in Sri Lanka," said Krishnan Balendra, Chairman, John Keels. "HCL will most certainly add tremendous value to the Cinnamon Life development and community. The team at HCL will experience the full benefit of working in our landmark integrated development with the conveniences of the hotel, mall, residential and convention facilities just a few steps away."

"Since the time HCL entered into Sri Lanka, it has been on a growth path," said His Excellency Gopal Baglay, High Commissioner of India to Sri Lanka. "It is extremely heartening to see how HCL is not only building a talent pool in the country but also working to create thousands of jobs for Sri Lankan youth and bringing global opportunities to Sri Lanka."

"Sri Lanka is one of HCL's key global delivery hubs and we are very excited to continue expanding our operations in the country with the opening of our new office here," said Prateek Aggarwal, Chief Financial Officer, HCL Technologies.

In Sri Lanka, HCL Technologies recently surpassed a milestone of recruiting more than 1,000 local employees, including recent graduates and seasoned industry professionals.

"With Cinnamon Life's strategic location at the heart of Colombo, this iconic signature structure reflects of HCL as a next-generation global technology company that constantly reimagines business for a digital age," said Srimathi Shivashankar, Corporate Vice President, HCL Technologies.

Shares of HCL Technologies Limited was last trading in BSE at Rs. 1119.75 as compared to the previous close of Rs. 1113.30. The total number of shares traded during the day was 98828 in over 6563 trades.

The stock hit an intraday high of Rs. 1132.55 and intraday low of 1112.55. The net turnover during the day was Rs. 110988681.00.


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