HCL Technologies Limited has signed a Memorandum of Understanding (MoU) with the Government of Odisha to establish a Global Technology Center in Bhubaneswar. The facility, designed to house 5,000 employees, is expected to begin operations by 2028 and will focus on delivering AI-led digital solutions to global enterprises. This expansion underscores the company’s strategy to decentralize its delivery footprint across India while boosting the local technology ecosystem in the state.

The agreement was announced on July 24, 2026, through a filing with the Bombay Stock Exchange and the National Stock Exchange of India Limited. The new center will complement HCLTech's proposed AI Data Center located in the upcoming Odisha Sovereign AI Park. Management indicated that the investment aims to generate direct and indirect employment opportunities while strengthening the local talent pool through structured engagement with educational institutions and government bodies.

Rahul Singh, COO – Corporate Functions at HCLTech, stated that the move aligns with the company's "New Vistas" initiative, which focuses on expanding presence across India to bring opportunities closer to talent hubs. He noted that Odisha offers a combination of quality infrastructure and a vibrant talent pool, positioning Bhubaneswar as a key global innovation and delivery hub.

Shri Vishal Kumar Dev, IAS, Additional Chief Secretary of the Government of Odisha, welcomed the decision, noting that the partnership would enhance Bhubaneswar's status as a promising technology hub in India.

Expansion Details

What the Numbers Show

The establishment of this center adds to HCLTech's substantial domestic footprint. The company currently employs over 170,000 people in India across campuses in Noida, Bengaluru, Chennai, Hyderabad, Pune, Lucknow, Nagpur, Madurai, Vijayawada, and GIFT City. Globally, the firm reports a workforce of more than 223,000 people across 60 countries. With consolidated revenues totaling $14.8 billion for the 12 months ending June 2026, the Bhubaneswar facility represents a strategic capacity addition aimed at supporting continued service delivery growth without relying solely on traditional metro-centric hiring models.

HCL Technologies recorded a substantial block trade on the BSE, with approximately 27,60,542 shares changing hands in a single transaction. The trade was executed at a price of ₹1,253.95 per share, aggregating to a total deal value of ₹346.16 crore.

Block Trade Details

The following table summarises the key parameters of the block trade:

Block trades of this scale typically involve institutional participants and are executed outside the regular order book to minimise market impact. The transaction reflects significant interest in HCL Technologies shares at the prevailing market price.