Infotech Lead India: HCL Technologies has decided to exit from NEC HCL System Technology.
NEC had 51 percent stake in NEC HCL System Technology. Recently NEC increased its stake in NEC HCL System Technology to 100 percent.
Following this development, the company is renamed to NEC Technologies India.
NEC Technologies India will develop new solutions and support operations aiming to expand the global business of NEC Group. The company aims to double its footprint in India in the next two years. The company will focus on providing solutions for emerging opportunities in the retail, scurrilities, smart energy, e-government and infrastructure field, said Anil Gupta, CEO and MD of NEC Technologies India.