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ICRA Limited is an Independent and professional investment information & Credit Rating Agency.
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As an early entrant in the Credit Rating business, ICRA Limited (ICRA) is one of the most experienced Credit Rating
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Arohan Financial Services Limited: Provisional rating assigned to PTCs backed by microfinance loan receivables issued by Ascent Alpha May 2026 09 Jun 2026

Archies Limited: Rating downgraded to [ICRA]B+ (Stable) 09 Jun 2026

Thirumalai Chemicals Limited: Update on Material Event 09 Jun 2026
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ICRA industry research provides unique research offering for 60+ sectors in India wherein 250+ Ratings analysts
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Special Comments

India’s current account saw surplus of $7.1 billion in Q4, amid surge in remittances; CAD may widen to ~1.7% of GDP in FY2027, with upside risks 08 Jun 2026

Monthly Research Compendium 05 Jun 2026

Third-consecutive pause in June 2026 amid worsening growth-inflation outlook; back-ended rate hike seen in 2026 05 Jun 2026
Most Trending Reports

Impact across sectors is uneven, with entities adopting measures to manage and mitigate challenges 25 May 2026

Electricity demand growth to rebound in FY2027; tariff hikes remain nil 29 May 2026

Volumes increased by 16.5% YoY in April 2026, driving a strong start to FY2027 29 May 2026
Credit Perspective
About Credit Perspective Reports

ICRA industry research provides unique research offering for 60+ sectors in India wherein 250+ Ratings analysts
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Special Comments

India’s current account saw surplus of $7.1 billion in Q4, amid surge in remittances; CAD may widen to ~1.7% of GDP in FY2027, with upside risks 08 Jun 2026

Monthly Research Compendium 05 Jun 2026

Third-consecutive pause in June 2026 amid worsening growth-inflation outlook; back-ended rate hike seen in 2026 05 Jun 2026
Most Trending Research

Impact across sectors is uneven, with entities adopting measures to manage and mitigate challenges 25 May 2026

Electricity demand growth to rebound in FY2027; tariff hikes remain nil 29 May 2026

Volumes increased by 16.5% YoY in April 2026, driving a strong start to FY2027 29 May 2026
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What's in the news?

Fuelling the new normal - Business Standard 03 June 2026

Oman Goes Past Qatar to become India’s Top LNG Supplier in March - Economic Times 03 June 2026

Centre Meets FY26 Fiscal Deficit Target - Economic Times 02 June 2026
Contact Us

HCL Technologies Limited

Sector : IT - Services Sub Sectors : IT Enabled Services

04 Nov 2025 HCL Technologies Limited: HCL Technologies Limited-CPR-04112025

Home Credit Perspective Reports HCL Technologies Limited

Entity-Specific Rating Rationales

07 Oct 2025

HCL Technologies Limited: Ratings reaffirmed

10 Dec 2024

HCL Technologies Limited: Ratings reaffirmed

01 Jul 2024

HCL Technologies Limited: Change in limits

30 Nov 2023

HCL Technologies Limited: Ratings reaffirmed

Entity-Specific Credit Perspective Reports

04 Nov 2025

HCL Technologies Limited

HCL Technologies Limited (Non-SF)

08 Jan 2025

HCL Technologies Limited

HCL Technologies Limited (Non-SF)

29 Dec 2023

HCL Technologies Limited

HCL Technologies Limited (Non-SF)

Ratings

Description	Short Term	Medium Term	Long Term	Issuer
Long Term /Short Term Non-Fund Based Facilities	[ICRA]A1+	--	[ICRA]AAA(Stable)	--
Long Term /Short Term Fund Based/Non-Fund Based	[ICRA]A1+	--	[ICRA]AAA(Stable)	--
Commercial Paper	*	--	--	--

Our Analysts

Analyst 1

Aruna Ganesh

91 22 6169 3368
aruna.ganesh@icraindia.com

Analyst 2

Deepak Jotwani

+91 124 4545870
deepak.jotwani@icraindia.com

Sector Head

Jitin Makkar

9873339826
jitinm@icraindia.com

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Beyond renewables - Investment outlook and emerging role of thermal power

Girishkumar Kadam,Ankit Jain,Asmita Pant

07 May 2026 04:00 PM

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PPT

West Asia Crisis-Impact and Outlook on Oil & Gas and downstream sectors

Girishkumar Kadam,Prashant Vasisht

29 Apr 2026 04:00 PM

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Podcast

Cement Sector Outlook | West Asia conflict and Cost Pressures | ICRA Podcast by Maitri Vira

May 2026

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