The company was also looking at manufacturing ATM machines in the country in a tie-up with its partner Nautilus Hyosung, he said. The company currently assembles imported components, and the assembled ATMs are in the process of being installed. Banks are the second largest institutional clients for HCL after the telecom sector.

The manufacture of mobile Internet devices in India was on the anvil, he said adding that it was currently studying the technology and evaluating market potential of the product.

“The product would be data-centric and would mainly facilitate in Internet surfing by connecting software such as 3G,” he said. The proposed device might also have a call function. While the product design would be done by HCL, the manufacturing may be outsourced. It was also planning to launch WiMax-enabled computers this year, he added.

While demand for its system integration services from the private enterprises was hit in the downturn, the government sector continued to fetch contracts, contributing over 35 per cent of its revenue last year, he said.

The company has a market share of 10 per cent in the 8 million pieces of computers sold in the country annually. Enterprises contribute nearly 65 per cent of its total revenue while the balance comes from retail customers, Mr Paul added.