HCL CEO Vineet Nayar wins Digital Age Award

BANGALORE, INDIA: HCL Technologies Ltd.,  a provider of IT services, today announced that its vice chairman and CEO, Vineet Nayar, won the ‘Leader in the Digital Age Award’ (LIDA) at the CeBIT 2011 show in Hannover, Germany.

The LIDA award honours outstanding Enterprise 2.0 leaders and will be conferred for the first time at this world's largest trade fair showcasing ICT, said a press release.

The award recognises Nayar for pioneering ‘the revolutionary corporate philosophy of Employees First, Customers Second, which acknowledges employees as the most important capital a company has.’ The result of Nayar’s vision is to bring together the three pillars of the Enterprise 2.0 management strategy: transparency, openness and networking, the release added.

HCL’s Employees First, Customers Second (EFCS) philosophy is centered on the belief that organisational focus and structures should be inverted to focus on the ‘value zone’- the place where frontline employees interact with customers and create real value for them.

Under Vineet Nayar’s leadership and fuelled by the EFCS philosophy HCL Technologies had embarked on a transformation journey in 2005 during which the company’s revenues increased by over 3.6 times, net income rose by 91 per cent, and Market Cap doubled, the release further added.

Jorg Bode, Minister for Economy of the German county Lower Saxony and member of the judging committee said, "In the time of networking and Web 2.0 it is clear that networking and transparency are becoming critical issues for top managers. As a visionary leader of HCL Technologies the CEO Vineet Nayar was able to use new technologies with an extremely positive effect for his company. This is why we awarded him with this prize.”

“It is truly wonderful to be recognised and rewarded with this top industry citation. I would like to thank the jury for the privilege of being the first leader in the world to receive this honour,” said Vineet Nayar, vice chairman and CEO, HCL Technologies.

He added that the Digital age is powered by human knowledge and HCL’s Employees First, Customers Second philosophy is a testament of this basic truth. They believe that organizations need to put humans back into business by unleashing their potential and passion towards value creation and innovation.