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Delhi barsati to HCL: 1976 microprocessor gamble pays off

Delhi barsati to HCL: 1976 microprocessor gamble pays off
From a Delhi barsati to HCL: How six young men bet on the microprocessor in 1976 · CNBC TV 18

Long ago in 1976, six friends in India had a big idea: they wanted to build a computer using a tiny electronic brain called a microprocessor.

Back then, almost nobody in India used computers, and there was no easy way to get money to start a business.

The six men used their own savings, borrowed money, and even sold a car to raise the funds they needed.

They started working in a small rooftop room called a barsati in Delhi.

Their first company was called Microcomp, and their dream was to build an Indian-made computer.

They did not have a licence to make computers, so they teamed up with a government company called UP Electronics Corporation, and from that partnership HCL was born.

At first, they sold a computer that had not even been finished — they only had a brochure and a pretend model.

Their first customers included two big universities and a company in Coimbatore, where they beat a much larger rival.

It took a lot of courage to convince businesses to try technology they had never seen before.

Today, that small rooftop start-up has grown into a huge global company with more than 223,000 workers in 60 countries.

Key facts

Founded
1976
Initial capital
₹1.87 lakh (₹187,000)
First office
A barsati in Delhi's Golf Links
Original venture
Microcomp
Key partner
UP Electronics Corporation (provided the manufacturing licence)
First computer
8-bit microprocessor-based computer introduced in 1978
Early customers
IIT Kharagpur, IIT Madras and Premier Mills in Coimbatore
HCL today
223,000+ professionals in 60 countries; annual revenues over $14.8 billion

Quotes

Ajai Chowdhry

Chairman and co‑founder of HCL

“"Dream big. Take the risk. And above all, Just Aspire,"”
CNBC TV 18

Sources

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