HCL Technologies signs MoU for 5,000-seat Global Tech Center in Odisha
HCL Technologies Ltd signed an MoU with the Government of Odisha on July 24, 2026, to set up a Global Technology Center in Bhubaneswar. The 5,000-capacity facility will start operations by 2028, focusing on AI-led solutions and complementing a proposed AI Data Center in the Odisha Sovereign AI Park.

*this image is generated using AI for illustrative purposes only.
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
| Parameter | Detail |
|---|---|
| Location | Bhubaneswar, Odisha |
| Capacity | 5,000 people |
| Expected Start | 2028 |
| Key Focus | AI-led digital solutions |
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.
Historical Stock Returns for HCL Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.33% | +6.22% | +13.68% | -26.11% | -17.55% | +26.89% |
How will HCL Technologies plan to bridge the potential skills gap in Odisha to meet the demand for AI-led digital solutions by the 2028 operational start date?
What specific competitive advantages does Bhubaneswar offer over traditional IT hubs like Bengaluru or Hyderabad that justify this decentralization strategy?
How might this expansion impact HCLTech's cost structure and profit margins compared to its existing metro-centric delivery centers?

































