IT services major HCLTech announced that it had collaborated with German specialty chemicals company Wacker Chemie AG to establish its global capability centre (GCC) in Pune. According to reports from ETElectronicsWorld, Rediff Moneynews, and Business Standard, this partnership represents a significant expansion of HCLTech's capabilities in the chemicals and biotechnology sector, marking an important milestone in Wacker's digital transformation journey. The collaboration marks an expansion of the existing strategic partnership between the two entities, with HCLTech leveraging its expertise in DevSecOps and automation to help Wacker build a high-performing team, strengthen governance and accelerate digital modernisation. Dr. Frank Fehler, Executive Vice President and Country Head (Germany), HCLTech, emphasized that this expanded engagement builds on the strategic partnership between Wacker and HCLTech, stating "We are proud to support WACKER's long-term digital and engineering transformation journey as a trusted partner."
The Pune GCC will support Wacker Chemie's engineering, IT and digital transformation initiatives and provide a flexible, resilient, and future-ready delivery foundation. As reported by ETElectronicsWorld, Rediff Moneynews, and Business Standard, through a phased customer-centric operating model, HCLTech is establishing a comprehensive service approach that positions the centre to handle multiple aspects of Wacker's operational requirements across technology domains. The centre is designed to support agility, governance and long-term growth objectives, with HCLTech's experience in building and scaling such centres allowing for a model that supports these strategic objectives. Kiran Cherukuri, Executive Vice-president and global GCC practice head at HCLTech, highlighted that leveraging HCLTech's expertise in DevSecOps and automation will help build a high-performing team, strengthen governance, enhance operational efficiency, and accelerate digital modernisation. The collaboration focuses specifically on development, security, and operations (DevSecOps) and automation to help strengthen Wacker's operational efficiency and drive growth in digital transformation.
Fabian Seibold, director of Wacker's excellence hub Pune, described the GCC as an important step in strengthening their global delivery and digital execution capabilities. According to ETElectronicsWorld, Rediff Moneynews, and Business Standard, Fabian Seibold emphasized that "The Global Capability Centre is an important step in strengthening our global delivery and digital execution capabilities. HCLTech's experience in building and scaling such centres allows us to move forward with a model that supports agility, governance and long-term growth." Kiran Cherukuri, Executive Vice-president and global GCC practice head at HCLTech, added that "Through a phased customer-centric operating model, we are establishing a flexible, resilient, and future-ready GCC for WACKER in Pune." Frank Fehler, Executive Vice President and Country Head (Germany), HCLTech, emphasized that this expanded engagement builds on the strategic partnership between Wacker and HCLTech, stating "This expanded engagement builds on the strategic partnership between WACKER and HCLTech and marks an important milestone in WACKER's digital transformation."
HCLTech's stock performance reflected market sentiment following the partnership announcement. According to latest market data, HCLTech ended Thursday's trade at ₹1,282, down 1% from its previous close. Over the past one month, the company's share price has fallen nearly 1.5%, while over the past six months, its stock has declined by more than 8%. The stock movement suggests investor reaction to the partnership announcement, with the market showing mixed response to the company's expansion into the chemicals and biotechnology sector through this strategic collaboration.
Wacker Chemie AG operates as a global specialty chemicals manufacturer with 27 production sites, 22 technical competence centers, and 47 sales offices worldwide. As reported by ETElectronicsWorld, Rediff Moneynews, and Business Standard, the company employs more than 16,000 people and generated annual sales of around €5.5 billion in fiscal 2025. Wacker operates through four business divisions: Silicones and Polymers chemical divisions supplying automotive, construction, chemical, consumer goods, and medical technology industries; Biosolutions life sciences division specializing in bioengineered products such as biopharmaceuticals and food additives; and Polysilicon division producing hyperpure polysilicon for semiconductor and photovoltaic industries. The company is based in Munich, Germany, and its specialty chemical products are found in countless everyday items, with applications ranging from tile adhesives to computer chips.
