HCL Technologies Limited has approved an investment of up to ₹3,500 crore to establish AI data centers in India, marking its entry into the full-stack AI market. The investment will be made through new subsidiaries, including direct and step-down entities, to address growing demand for AI-led services across the private sector and government. The initiative aims to capitalize on the rapid expansion of India's data center ecosystem, which is projected to grow to 5-7GW by 2030 from the current 1.8 GW.

The Board of Directors approved the proposal during a meeting held on July 13, 2026. The new subsidiary, yet to be incorporated, will operate within the Information Technology Infrastructure sector and will be a wholly owned subsidiary of HCL Technologies Limited. The initial capital infusion for setting up this entity is ₹15 lakhs, with further investments to be made as required.

The strategic move is designed to position HCL Technologies as a full-stack AI technology solutions provider. C Vijayakumar, CEO & Managing Director, stated that the convergence of AI-led demand, supply constraints, and the push for digital sovereignty presents a significant opportunity. He emphasized that the investment would enable the company to capture the full value of the transition from physical infrastructure to AI-ready solutions.

The AI data centers are expected to scale to a capacity of 50MW. This infrastructure will complement HCLTech's existing capabilities in AI data center design, DevOps, and AI cloud operations. The company intends to integrate these new assets with its software portfolio to offer an end-to-end solution for global clients.

Investment and Subsidiary Details

The disclosure regarding the new subsidiary was made under Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. The following table outlines the key details of the entity to be incorporated:

The Board meeting commenced at 1:05 P.M. (IST) and concluded at 5:05 P.M. (IST) on July 13, 2026.

HCL Technologies has announced a dividend of ₹12 per share, marking a direct return of value to its shareholders. The declaration underscores the company's ongoing commitment to rewarding its investor base through cash distributions.

Dividend Declaration Details

The key details of the announced dividend are summarised below:

The company has declared a per-share dividend of ₹12, which will be distributed to eligible shareholders. No further details regarding the record date, payment date, or the specific financial period to which this dividend pertains were included in the available source data.