HCL Technologies has been ranked among the top 5 services providers in the Everest Group Top 50 Store Services Providers 2026 report, underscoring its leadership in enabling large-scale digital transformation in the retail industry. The recognition highlights the company's ability to help retailers modernize store ecosystems and create seamless, experience-led environments.

The company was recognized for leveraging its strengths across the store services value chain, including inventory management, digital workplace, and omnichannel enablement. Everest Group also acknowledged HCLTech for advancing data-driven decision-making and retail media networks within physical stores as retailers redefine the role of the store in a digital-first landscape.

Kristina Rogers, Chief Growth Officer and Global Head, Retail, CPG and Luxury at HCLTech, stated that the recognition reinforces the company's position as a strategic partner for retailers reimagining store ecosystems. She emphasized that as stores become intelligent, connected, and AI-driven hubs, HCLTech's full-stack capabilities across infrastructure, digital workplace, applications, and AI enable end-to-end transformation at scale.

The company utilizes platforms such as Agentic Commerce, Vision X, and Retail Hub to help retailers unlock new revenue streams, enhance in-store experiences, and drive greater operational agility. These tools support the integration of immersive in-store technologies and customer experience solutions.

HCLTech operates as a global technology company with over 223,000 people across 60 countries. The firm delivers capabilities centered around AI, digital, engineering, cloud, and software, powered by a broad portfolio of technology services and products. Consolidated revenues as of the 12 months ending June 2026 totaled $14.8 billion.

HCL Technologies has granted 43,27,271 Restricted Stock Units (RSUs) to eligible employees of the company and its subsidiaries under the HCL Technologies Limited - Restricted Stock Unit Plan 2021 and HCL Technologies Limited - Restricted Stock Unit Plan 2024. The Nomination and Remuneration Committee approved the grants via circulation on July 3, 2026. These RSUs represent 0.159% of the paid-up equity share capital of the company as on date, and the scheme is in terms of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Grant Details

The company allocated 2,04,784 RSUs to 9 eligible employees under the RSU Plan 2021. Under the RSU Plan 2024, 41,22,487 RSUs were granted to 2,102 eligible employees. Each RSU entitles the holder to one fully paid-up equity share of ₹ 2/- each upon vesting and exercise. The plans are implemented through a trust mechanism that acquires shares from the secondary market, meaning no fresh shares will be issued by the company to the trust or employees.

Vesting Schedule

The RSUs will vest in phases between July 2027 and July 2029. The table below details the vesting dates and the number of RSUs applicable for each plan.

Key Terms

The exercise price for the RSUs is ₹ 2/- per RSU, which is the par value of the equity share. Vested RSUs must be exercised by eligible employees within a maximum period of 6 months from the date of vesting. As the trust acquires shares from the secondary market, the company stated there will not be any dilution of earnings per share resulting from the exercise of these RSUs. Additionally, the company cancelled 15,265 RSUs under the RSU Plan 2021 and 11,356 RSUs under the RSU Plan 2024 that were earlier approved for grant.