MAM
Stylework appoints Vishal Narvekar as CPO
Mumbai: India’s fastest-growing coworking space aggregator platform, Stylework Innovation Hub Pvt Ltd recently took a major effort to follow its growth strategy and appointed Vishal Narvekar as the company’s chief product officer. Vishal carries extensive industry experience as he has worked with companies like Honeywell International India Pvt Ltd and Johnson Controls USA. Now he is all set to bring new innovation to Stylework and contribute to the company’s mission of revolutionising the flex space market.
While sharing his views on the appointment, Stylework CPO Vishal Narvekar shared, “Innovation is the heartbeat of progress, and as the chief product officer, I am driven to revolutionise the coworking industry through cutting-edge solutions. Embracing technology and fostering collaboration, we are building the future of workspaces with Stylework. My vision is to transform the coworking landscape in the world, creating spaces that inspire collaboration and foster growth, all powered by the SaaS platform driven by cutting-edge technology. Through that SaaS product called Corporate Product Suite (CPS), we aim to offer seamless access to the finest coworking spaces and services, revolutionising the way workspaces are utilised.”
Stylework founder Sparsh Khandelwal announced the addition of Vishal Narvekar and expressed, “We are glad to have Vishal in our Leadership team. His appointment marks an exciting new phase in our journey of expansion. Given his strategic mindset and profound industry knowledge, we are assured that Stylework will soar to greater heights, delivering unparalleled value to enterprises in need of flexible workspaces and coworking space providers. Moreover, we are assured that we will have a lot more new innovations.”
Having embarked on a commendable 16-year career in product management and design, Vishal Narvekar lends Stylework a distinctive blend of technical prowess and visionary direction. His educational background in BSc Physics and MCA offers a unique standpoint that connects the realms of science and technology. His dedication to fostering a culture of growth and innovation is evident in his strategic contributions to Stylework’s achievements.
Vishal Narvekar envisions a future for Stylework that harnesses the potential of IoT and smart devices. Through the incorporation of smart sensors and devices, Stylework aims to create workspaces that are tailored to individual preferences, thus optimising lighting, temperature, and other elements for utmost comfort and productivity. Additionally, artificial intelligence and machine learning are set to propel the future of coworking. Thus, by leveraging these technologies, the company intends to offer personalised suggestions, maximise space utilisation, and furnish data-powered insights to companies, empowering them to make informed decisions.
Furthermore, real-time integration of inventory will be a turning point for Stylework. By providing users with immediate access to coworking space availability, they can optimise bookings, ensure efficient space utilisation, and accommodate the evolving needs of their clients. With Vishal Narvekar at the helm, Stylework is set to change the dynamics of the coworking landscape in India and beyond, positioning it as a driving force for the next generation of workspace solutions.
Brands
HCLTech delivers Rs 24 dividend as revenue hits Rs 1.3 lakh crore
IT giant delivers solid growth for shareholders with a major payout despite navigating global market shifts.
MUMBAI: HCLTech has clearly found the right code for financial success, proving that its operational strategy is more than just a quick fix for the digital age. The technology titan’s board of directors officially signed off on their year-end deliberations on 21 April 2026, revealing a set of annual results that suggest the company’s growth trajectory remains well-buffered against economic volatility.
The primary highlight for investors is the declaration of an interim dividend of Rs 24 per equity share (on a face value of Rs 2) for the 2026–27 financial year. Shareholders will not have to wait long for the processing of these funds; the record date is set for 25 April 2026, with payments scheduled to be completed by 5 May 2026. This follows a total dividend of Rs 54 per share already distributed during the 2025–26 fiscal year.
The consolidated annual results show a company operating at a high frequency across its global markets. Total revenue surged to Rs 130,144 crore for the year ended 31 March 2026, a significant jump from the Rs 117,055 crore recorded the previous year. Net profit remained robust at Rs 16,652 crore for the full year, despite a slight dip from Rs 17,399 crore seen in 2025. Quarterly performance also reflected steady momentum, with Q4 revenue reaching Rs 33,981 crore and net profit at Rs 4,490 crore, compared to Rs 30,246 crore in revenue during the same period last year.
The company’s diverse service portfolio played a balanced role in this financial performance. IT and Business Services remained the primary engine, contributing Rs 96,094 crore to annual revenue. Engineering and R&D Services showed strong growth, climbing to Rs 22,056 crore for the year, while HCL Software maintained a consistent stream of Rs 11,994 crore.
It was not entirely smooth scrolling, as the company had to account for specific financial hurdles. HCLTech faced a one-time impact of Rs 956 crore due to the New Labour Codes. Additionally, total expenses for the year rose to Rs 108,616 crore. This was largely driven by employee benefits, which reached Rs 74,143 crore, a figure that reflects the ongoing high costs of securing top-tier tech talent in a competitive market.
On the standalone front, the company reported a profit before tax of Rs 10,024 crore for the year. However, the final quarter saw a standalone loss of Rs 900 crore, which the company attributed to a material Bilateral Advance Pricing Agreement (BAPA).
Despite the rise in costs, HCLTech’s financial “cache” remains substantial. Total assets grew to Rs 116,258 crore as of 31 March 2026, compared to Rs 105,544 crore a year earlier. The company’s cash and cash equivalents stood at a healthy Rs 8,195 crore at year-end, providing ample bandwidth for future investments and expansion.
As the global tech landscape continues to shift, HCLTech appears to have the right architecture to maintain its performance, ensuring that for its investors, the future remains highly user-friendly.
