HCL Infosystems On A Comeback Trial

HCL Infosystems is on a comeback trail trying to diversify and grow their distribution business while at the same time looking to enter new areas.Nokia phones have not only been big business for the Nokia but for HCL Infosystems also, as the later has been their largest distributors. HCL got 70 per cent of its Rs 11, 875 crore revenue from distribution and 90 per cent of this distribution revenue came from distributing Nokia phones. But since last year Nokia has decided to do its own distribution in half of India cutting HCL''s potential business by half.But Ajay Chowdhary is not too worried, he feels that the huge growth in volumes has helped him tide over the crisis and HCL expects its Nokia distribution business to grow almost 25 per cent as compared to last year.