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BUSINESS

HCL Acquires Majority Stake in Vernacular Edtech Platform GUVI

The BOD has declared an interim dividend of Rs 10 per equity share in FY23.

On Thursday, IT major HCL said it had acquired a majority stake in vernacular edtech platform GUVI for an undisclosed sum. GUVI is one of the few companies in India to partner with Elon Musk’s ‘OpenAI’ initiative.
The IIT Madras and CIIE (startup incubator established by IIM Ahmedabad) incubated startup provides technical courses such as web development, SQL, AI module, and many other courses created by industry experts in vernacular languages.


HCL Corporation’s Director Shikhar Malhotra said that this investment aims to address the critical technical skill gap across enterprises through this investment. He said the company is delighted to associate with GUVI to ensure that technology aspirants are comfortable learning and upskilling via holistic courses in their native language.


Founded by Arun Prakash M, Sridevi M and SP Balamurugan in 2014, GUVI offers tailor-made courses for learners, employers, and universities. Headquartered in Chennai, GUVI provides computer programming courses in Hindi, Malayalam, Tamil, English, Telugu, and Arabic.


Arun Prakash M, the co-founder and CEO of GUVI, said that GUVI believes this association would be a game-changer for the edtech space servicing audiences in their mother tongue. Also, leveraging HCL’s global network, GUVI is looking forward to empowering a large pool of professionals.


Till now, GUVI has upskilled more than 1.7 million students and professionals in the latest technology skills and helped them gain placement across sectors.


Founded by Shiv Nadar in 1976, HCL Technologies is a multinational information technology services and consulting company headquartered in Noida.

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