New Delhi: HCL Technologies announced that Anant Gupta has been elevated to the position of President and CEO, replacing Vineet Nayar. He was earlier serving as the President and Chief Operating Officer, however, will continue his role as Vice Chairman of the company.

Gupta, 44, has been with the company for the past 19 years and is credited as the front runner in building its infrastructural business, in which the company manages the technology resources of global customers remotely, into a $1 billion-plus business.

The change will mark the latest instance of a CEO-level shuffle in India's IT sector, but is a rare one for HCL, where Nayar has held the top job since 2007. HCL's larger peers TCS, Infosys and Wipro have all got new CEOs in the past two years.

HCL Technologies, country's fourth-largest software services provider, beat estimates with a 68.4 per cent jump in quarterly profit, joining Infosys and Tata Consultancy Services in signalling a pickup in outsourcing.

Software services major HCL Technologies on Thursday reported a 68.5 percent jump in its net profit at 964.7 crore for the quarter ended December 31, 2012, driven by growth in infrastructure and financial services.

The company's net profit stood at 572.7 crore in the October-December quarter of 2011, HCL Technologies said in a statement. It follows July-June fiscal year.

HCL Tech's revenues stood at 6,273.8 crore during the reported quarter, up 19.6 percent from 5,245.2 crore in the same quarter of FY12.

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