A woman will succeed Shiv Nadar as HCL Technologies Chairman, see picture

Mumbai: Roshni Nadar Malhotra is the new Chairman of HCL Technologies, the company announced in a regulatory filing on Friday. The 38-year-old succeeds her father Shiv Nadar.

Roshni was the Executive Director and the CEO of HCL Enterprise earlier. She is the only child of HCL’s founder, Shiv Nadar. In 2019, she was ranked 54th on the Forbes World’s 100 Most Powerful Women list. According to IIFL Wealth Hurun India Rich List (2019), Roshni Nadar is the richest woman in India.

HCL technologies on Friday posted a 31.7 percent rise in consolidated net profit at Rs 2,925 crore for the June 2020 quarter and said that Shiv Nadar has stepped down from the Chairman’s role. Nadar’s daughter, Roshni Nadar Malhotra will succeed him with immediate effect. The IT major had registered a net profit of Rs 2,220 crore in the April-June 2019 quarter (as per US GAAP), HCL Technologies said in a regulatory filing.