HCL Technologies intends to complete $2 billion buyouts before 2011. The company is eager to enter in the Europe and Japanese markets. The CEO of HCL, Vineet Nayar said that the company would expand its global presence in the coming years. 

He said the company believes in transformational acquisitions besides Intellectual Property (IP) acquisition and geographical acquisition. The company would mainly focus on engineering services, enterprise application services, the newly-launched enterprise transformation services and infrastructure services sectors 

HCL is the fifth largest IT services exporter of India. The company maintains a good balance sheet when the global financial sector is facing major challenges. 

The company is generating $100 million in cash in every quarter. The CEO of HCL said that many companies are ready to offer outsourcing work to the company. It would like to expand its business in the European market through outsourcing.