HCL Tech’s one-time Rs 700 cr bonus for staff on crossing $10 bn revenue

HCL Technologies today announced a one-time special bonus to employees around the world as it crossed the $10 billion revenue mark. The bonus, amounting to approximately $90 million (around Rs 650 crore), will be paid to employees in February. It will include payroll taxes applicable in some countries amounting to $6-7 million.

Employees with one year or more of service will receive this bonus, the equivalent of ten days’ salary. By that norm around 120,000 employees at HCL Tech will receive this bonus.