IT major HCL Infosystems on Thursday said it has started exporting hardware products to different nations, including Gulf countries, and has bagged an IT infrastructure project in Africa.
“We are looking at selling HCL range of computers and laptops to African, South East Asian and Gulf countries,” HCL Chairman and CEO Ajai Chowdhry told reporters in Mumbai.
The company has also bagged a project to link 53 countries in Africa, he said. The project is done through a grant of Rs 100 crore given by the Indian government.
Besides interaction between the government of India and African nations, it is installing data centers in the continent to connect universities and hospitals between the countries.
The company is in the process of setting up a retail distribution network in Africa, South East Asia, Gulf and North Africa.
“These areas are low with computer penetration. We will be building our brand in this market,” Chowdhry said.
HCL Infosystems is eyeing a huge growth opportunity in cooperative and regional rural banks, which are embracing computers or implementing core banking solution.
“We have bagged the order to implement core banking solution in six cooperative banks and in two overseas banks,” he said.
There are 14,500 branches of rural banks and 14,000 branches of cooperative banks in the country.
The company is in the process of setting up a retail distribution network in Africa, South East Asia, Gulf and North Africa.
“These areas are low with computer penetration. We will be building our brand in this market,” Chowdhry said.
HCL Infosystems is eyeing a huge growth opportunity in cooperative and regional rural banks, which are embracing computers or implementing core banking solution.
“We have bagged the order to implement core banking solution in six cooperative banks and in two overseas banks,” he said.
There are 14,500 branches of rural banks and 14,000 branches of cooperative banks in the country.
For the last two years HCL Infosystems has been diversifying into new verticals such as power, banking and retail to derisk it from the business mix of telecom (70 per cent) and computers (30 per cent).
The company would be looking at railways, media, infrastructure and security as possible addressable market, Chowdhry said.
“We want to make our company resilient,” he said. It has recently completed a pilot project with five public sector banks for cheque truncation at the National Capital Region.
