MoneyWorks4Me

HCL Infosystems gets nod to spin off 3 businesses into separate units

16 Jan 2013 Evaluate

In a bid to create a leaner structure and improve operational efficiency, IT firm HCL Infosystems is planning to spin off its 3 businesses -- hardware, learning and services -- into separate entities. In this regard, the company has received its board’s approval.

The company’s board has approved transfer of hardware solutions business, which includes personal computers, tablets and system integration business, to wholly-owned subsidiary HCL System Integration.

The learning business will be transferred to subsidiary HCL Learning, while the services business will go to a subsidiary called HCL Care.

HCL Infosystems is one of the leading ICT system integrator and distribution company. It has wide range of products and services such as IT products, solutions and related services, which include PCs, servers, imaging, voice and video solutions, networking products, TV and FM broadcasting solutions, communication solutions, system integration, ICT education and training, digital lifestyle solutions and peripherals.

Peers