HCL Technologies declares one-time bonus price over Rs 700 crore for workers to mark $10 billion-revenue milestone

HCL Technologies on Monday introduced a particular one-time bonus price over Rs 700 crore for its workers, because the IT big marked USD 10 billion (about Rs 72,800 crore) income milestone.
The particular bonus might be paid to workers in February 2021, amounting to almost USD 90 million plus payroll taxes in some international locations, the affect of which is excluded from FY21 EBIT (earnings earlier than curiosity and taxes) steering offered by the corporate final month, HCL Tech stated in a press release.
HCL Technologies stated it’s “issuing a one-time special bonus to employees around the world” price over Rs 700 crore in recognition of its latest milestone of crossing the USD 10 billion mark in income for 2020.

“In celebration and gratitude all employees with one year of service or greater will receive a bonus, the equivalent of ten days’ salary,” the assertion stated.
Despite an unrelenting pandemic, every member of HCL household demonstrated sturdy dedication and fervour, contributing to the expansion of the organisation, Apparao VV, Chief Human Resources Officer, HCL Technologies stated.

“The USD 10 billion revenue milestone is a testament of our remarkable resilience as an organisation and the entrepreneurial spirit of our 1,59,000 plus employees,” Apparao added.