IT major HCL Technologies is looking to overtake Infosys in terms of revenue in the next five years through acquisitions and intellectual property (IP) partnerships, Business Standard reported.
"They have a clear eye on overtaking Infosys in the next five years. The roadmap is that the business should grow 8-10 percent organically and 15-20 percent through the inorganic route, which all companies enable after they reach a double-digit growth" sources were quoted as saying in the report.
The company has a turnover target of at least $15 billion by 2022-2023, which can mean a compound annual growth rate of around 14 percent, sources added.
At the end of the previous financial year, the revenue gap between the two companies was $3.1 billion.