HCL Technologies (HCL-T) reported a 194 per cent increase in net profit to Rs 791.4 crore for 2003-04 on Wednesday and said it would continue to pour investments into organic and inorganic growth over the financial year.Announcing a planned capital expenditure of Rs 250 crore in FY 2004-05, CEO Shiv Nadar said investments made over the last few years have reaped benefits.The company, which grew its manpower base, branched into new streams of revenue and invested heavily into units such as the Business Process Outsourcing (BPO) outfit in NOIDA during the global tech slowdown, roped in nearly 400 new clients in FY 2003-04 and expanded its manpower by more than 6,000 over the same period. Company officials said it had also gained Rs 315 crore ($105 mn) from the sale of its stake in HCL Perot to Perot Systems, USA.Over the last two-three years, HCL Tech shifted gear and renewed its management, apart from entering strategic alliances with companies all over the world.
