One of my friends has a HCL ME Y2 Tablet, and asked me if I could root it. To do the same,It was a good learning experience browsing relevant forums, and knowing more about how rooting works internally.
HCL ME Y2- is a relatively recently launched Tablet in India- has ICS 4.0.13 ( Launch Date seems to be mid August 2012 over here ), and as such does not find much love in XDA Developers or Android Central forums for any queries of rooting /Installing playstore, when compared to other popular brands.
For 15,000 INR, HCL ME Y2 is a pretty solid piece of hardware- I would have said it worth the price- but then, after the launch Nexus Tablet series by Google, for the equivalent amount of money, Nexus 7 beats it.
If you google about HCL Me y2, you would find it has earned the wrath of several customers for the lack of customers for the lack of App-store lock in by HCL.
For Rooting the device the tool at Unlockroot.com did the trick.
In a nutshell, this is what I did – I copied Playstore apk to /system/app/ , and launched it from the installer.
If you do not have GoogleServicesFramework.apk,then app store will install but exit immediately after it is started- and Damn- I spent so much time trying to figure out why!!! ( Can refer this thread where someone installed app store on Kindle http://forum.xda-developers.com/showthread.php?t=1893410 )