“We are living in unprecedented times where organizations and people across geographies are dealing with challenges related to the pandemic. Roshni Nadar, daughter of Shiv Nadar, founder of HCL [] Coproration, has become the Executive Director and CEO, taking charge from her father, who remains Chairman. She is responsible for all strategic decisions for the $8.9 billion IT major. "He (Shiv) is an institution in himself who has built many other great institutions which is so fascinating to watch and applaud. Read: HCL Tech shares gain on better-than-expected profit in Q1. By 2004, the number of entities in HCL was consolidated from five to two - HCL Technologies and HCL Infosystems. Dhirubhai Ambani's granddaughter; daughter of Dipti and Raj Salgaocar. Tech company HCL technologies will now be handled by Roshni Nadar Malhotra, the 38-year-old daughter of Shiv Nadar. . HCL Technologies, the third-largest IT services company in India, said Friday that its co-founder Shiv Nadar had stepped down as chairman of the board of directors and handed over the baton to his daughter Roshni Nadar Malhotra.. Nadar, 75, will continue as the company’s managing director, with the designation of chief strategy officer, the Noida-headquartered company said in a statement. HCL Technologies, Co-founder Shiv Nadar has stepped down from the position of the Chairman of the Board of directors. CHENNAI/NEW DELHI: Shiv Nadar of HCL has quietly completed his succession planning by elevating his daughter Roshni Nadar as the executive director and CEO of HCL Corporation, the holding company of HCL Tech and HCL Info. According to IIFL Wealth Hurun India Rich List (2019), Roshni Nadar is the richest woman in India. HCL's Shiv Nadar has stepped down from his position as chairman of board of directors. Shiv Nadar’s position will be taken over by his daughter, Roshni Nadar Malhotra, who currently works as the Executive Director and CEO of HCL technologies. There is only one of his kind that is why I call him the Shahenshah of the tech world. The Chairman of HCL technologies Shiv Nadar has stepped down from his designation of the chairman of the board of directors and appointed her daughter Roshani Nadar the new Chairperson of the board of directors. Roshni’s father, Shiv Nadar will be stepping down from the position of the Chairman but will retain the position of company’s managing director. On Friday, HCL Technologies announced that its founder and chairman Shiv Nadar stepped down from the role and the company’s Board of Directors has appointed his daughter, Roshni, as the new chairperson with immediate effect. Exciting times ahead". Mr Vijayakumar … HCL Technologies CEO C Vijayakumar said this was part of the company's succession planning exercise. “This took guts, intellect, passion and perseverance. Industry body Nasscom tweeted a congratulatory message to Roshni. Daughter of Desh Bandhu Gupta, founder of the flagship company. According to IIFL Wealth Hurun India Rich List (2019), Roshni Nadar is the richest woman in India. Nadar will take over from her father, who has decided to step down, HCL Tech said in a … Last year she was ranked by Forbes as the 54 th most powerful woman in the Forbes World's 100 Most Powerful Women list. HCL Technologies is all set to operate under new leadership with country’s wealthiest woman, Roshni Nadar Malhotra, being appointed as the … Mazumdar-Shaw is the founder of India’s largest listed biopharmaceutical firm Biocon. HCL released the June quarter results on Friday. “We are sure HCL will achieve even greater heights in the future under your leadership," it said. Nadar has also featured on lists including ‘The World’s 100 Most Powerful Women’ compiled by Forbes. He is the founder and chairman of HCL and the Shiv Nadar Foundation. Shares of HCL Technologies Ltd were trading 1.59% up at Rs 637.60 at the time of writing this report. The appointment of non-executive director Roshni Nadar Malhotra to the […] India Business News  |  Indian Stock Market News  |  Bollywood Movies  |  Indian Cricket News  |  India News, 3 biggies who will power next-gen 5G telecom networks, Jio's plan to make India '2G-mukt' will hit Voda Idea, Residential property sales at 10-yr low in H1, 2 dead, 16 injured after gas leak at IFFCO plant, Farmers ask govt to come to table with 'open mind', Foundation work of Ayodhya temple to start in January, India test-fires medium range surface-to air missile. Business tycoon Shiv Nadar has stepped down as HCL Technologies Chairman, handing over the reins to his daughter Roshni Nadar Malhotra. “I wish him the best as he begins a new innings," Nayar said. Nadar founded HCL in the mid-1970s and transformed the IT hardware company into an IT enterprise over the next three decades by constantly reinventing his companys focus. In 2019, she ranked 54th on the Forbes World's 100 Most Powerful Women list. Roshni is also the executive director of HCL Enterprise and is the only child of Shiv Nadar. Shiv Nadar, an industrialist and philanthropist, is the founder and chairman of the multi billion firm HCL Enterprises. This came four years after her appointment on the board of HCL Corp. Roshni’s passion for wildlife led her to set up The Habitats Trust in 2018. Nadar-Malhotra is the daughter of 75 year old Shiv Nadar who founded HCL along with Ajai Chowdhry, Arjun Malhotra and five others. The Chairman of HCL technologies Shiv Nadar has stepped down from his designation of the chairman of the board of directors and appointed her daughter Roshani Nadar the new Chairperson of the board of directors. Roshni, an MBA from the Kellogg Graduate School of Management, joined the company in April. Writer/Author. HCL Technologies’ chairman Shiv Nadar has decided to step down, and his daughter Roshni Nadar Malhotra will succeed him as chairperson HCL Technologies has announced results and the company has reported a revenue growth of 1% YoY growth in constant currency came along with a significant expansion of margins on YoY basis – EBITDA at 25.6% and EBIT at 20.5% an increase of 490 bps and … Roshni Nadar Malhotra will take over as the Chairperson of the HCL board of directors from July 17, 2020. On Friday, HCL chairman Shiv Nadar resigned from his post. HCL CEO C Vijayakumar said that there will be no change in the company's strategy with this change. The appointment of non-executive director Roshni Nadar Malhotra to the […] e9 = new Object(); Daughter of Desh Bandhu Gupta, founder of the flagship company. Dhirubhai Ambani's granddaughter; daughter of Dipti and Raj Salgaocar. Prateek Aggarwal is the Chief Financial Officer at HCL Technologies. CEO of Lupin Pharmaceuticals Inc. “We are living in unprecedented times where organizations and people across geographies are dealing with challenges related to the pandemic. The women on the 17th annual Forbes Power … Former HCL Technologies CEO Vineet Nayar, who is a close friend of the Nadar family, described Shiv Nadar as his mentor. “We are living in unprecedented times where organizations and people across geographies are dealing with challenges related to the pandemic. Daughter of Adi Godrej. She worked with Sky News UK and CNN America as a news producer before joining HCL Corp in 2009, and within a year was made executive director and then CEO at the age of 27. She will continue as CEO of HCL Corporation, the holding company for all the group entities. Writer/Author. Nadar-Malhotra is the daughter of 75 year old Shiv Nadar who founded HCL along with Ajai Chowdhry, Arjun Malhotra and five others. Roshni Nadar Malhotra, the daughter of HCL Technologies Ltd founder Shiv Nadar, has been appointed as the chairperson of the software services company with immediate effect. Roshni studied at Vasant Valley School, Delhi and graduated in communication with a focus in radio/TV/film from Northwestern University, Evanston, Illinois. Updated: October 21, 2016 12:04 pm IST. N oida-based IT major HCL Technologies on Friday announced that Chairman Shiv Nadar was stepping down and his daughter Roshni Nadar Malhotra will succeed him with immediate effect. Roshni Nadar Malhotra is the Executive Director and the CEO of HCL Enterprise.She is the only child of HCL’s founder, Shiv Nadar.In 2019, she is ranked 54th on the Forbes World’s 100 Most Powerful Women list. Roshni became the CEO of HCL at the age of 28. She also pursued MBA from Kellogg School of Management. The 38-year-old has been the executive director and CEO of HCL Enterprise and a trustee of Shiv Nadar Foundation. Nadar Malhotra is the daughter of HCL founder Shiv Nadar, and Nadar Malhotra took over the HCL Technologies chairperson’s role from his father HCL founder Shiv Nadar in July 2020. A trained classical musician, she has graduated from Northwestern University with degree in radio, television and film. The daughter of HCL founder Shiv Nadar, Roshni Nadar is the executive director and CEO of the company. On Friday, HCL Technologies announced that its founder and chairman Shiv Nadar stepped down from the role and the company’s Board of Directors has appointed his daughter… She was also conferred with the Lewis Institute Community Changemaker Award by Babson College in 2017 and was recognized by Horasis, an internationally renowned think tank, as the Indian Business Leader of the Year 2019. She joined HCL, the fifth largest IT Company in … He is a business-focused finance professional with over 27 years of experience, driving strategic initiatives (both organic and inorganic), financial planning and analysis, business finance and contracting, controllership, investor relations, treasury, insurance, global taxation, and legal and compliance. She is also the Chairperson of HCL Technologies, a leading global technology organization with a market capitalization of $32 billion, and the Chairperson of its CSR Board Committee. On Friday, HCL Technologies announced that its founder and chairman Shiv Nadar stepped down from the role and the company's Board of Directors has appointed his daughter, Roshni, as the new chairperson with immediate effect. Updated: October 21, 2016 12:04 pm IST. As per IIFL Wealth Hurun (2019) rankings, Roshni’s wealth is at Rs 36,800 crore. The 38-year-old was ranked 54th on the Forbes' World's 100 Most Powerful Women list in 2019. HCL Technologies Co-founder Shiv Nadar has stepped down from the position of chairman of the board of directors and his daughter Roshni Nadar Malhotra, who held the position of a non-executive director, will now take over. India’s richest woman Roshni Nadar Malhotra on Friday became the first woman to head a listed Indian IT company as she took over as the chairperson of $8.9 billion HCL Technologies from her father and billionaire Shiv Nadar. A passionate environmentalist, Roshni established The Habitats Trust in 2018 that works towards protecting India's natural habitats and its indigenous species. In 2013, she was inducted as an additional director on the company’s board. On Friday, HCL Technologies announced that its founder and chairman Shiv Nadar … Business Jul 18, 2020 Tanurag Ghosh ( Editor: Ekta Joshi ) 4 Shares . Shiv Nadar’s position will be taken over by his daughter, Roshni Nadar Malhotra, who currently works as the Executive Director and CEO of HCL technologies. Roshni is the only child of HCL's founder, Shiv Nadar. His daughter, Roshni Nadar Malhotra, currently a non-executive director has been appointed as the Chairperson of the Board of Directors with effect from July 17, 2020. "Congratulations #RoshniNadarMalhotra on your new role as Chief of @hcltech. (Photo: Getty). Roshni has a Masters degree in Business Administration from Kellogg School of Management, USA, with a focus on Social Enterprise Management and Strategy. Shiv Nadar is an Indian billionaire industrialist and philanthropist. Executive Director and the CEO of HCL Corporation. HCL Technologies CEO Quits, C Vijayakumar To Succeed . Roshni, also a trained classical musician, came on the board of HCL Technologies in 2013 and was vice chairperson. Mr Vijayakumar had been elevated to the role of COO in July 2016. 4 Shares . Read: HCL Tech shares gain on better-than-expected profit in Q1. In fact, DWS is not the only major overseas investment since Roshni's elevation. Roshni Nadar Malhotra is the Executive Director and the CEO of HCL Enterprise.She is the only child of HCL’s founder, Shiv Nadar.In 2019, she is ranked 54th on the Forbes World’s 100 Most Powerful Women list. Executive Director and the CEO of HCL Corporation. HCL Technologies CEO Quits, C Vijayakumar To Succeed . SNS Web | New Delhi | July 17, 2020 1:48 pm, Nadar will also be appointed as company’s chief strategy officer as he will continue to oversee strategic direction of the firm. She will continue as CEO of HCL Corporation, the holding company for all the group entities. Shiv Nadar will be stepping down from the position of the Chairman but will retain the position of company’s managing director. Roshni Nadar Malhotra is the CEO and Executive Director of the $9.9 billion HCL Corporation and is responsible for providing strategic guidance to the organization. Nadar will also be appointed as company’s chief strategy officer as he will continue to oversee strategic direction of the firm. N oida-based IT major HCL Technologies on Friday announced that Chairman Shiv Nadar was stepping down and his daughter Roshni Nadar Malhotra will succeed him with immediate effect. Shiv Nadar steps down as HCL Technologies Chairman; daughter Roshni to succeed him, PM Modi to address Visva-Bharati University centenary celebrations on 24 December, 16 passengers on UK-India flights test Covid positive, 745 passengers quarantined in Mumbai, Omar Abdullah, Mehbooba Mufti call DDC polls win endorsement of fight for restoration of Article 370, WB CM Mamata Banerjee speaks to agitating farmers at Singhu border, assures full solidarity. Roshni, who returned from the US in October 2008, has been involved with HCL before taking over as ED and CEO. C Vijayakumar (CVK or Vijay) is the president and chief executive officer of In 2019, Roshini was ranked at 54th position on the Forbes’ World’s 100 Most Powerful Women list. HCL Technologies Chairman Shiv Nadar has stepped down from his role, appointing daughter Roshni Nadar Malhotra as the Chairperson of the company and the board of directors with effect from July 17. Nayar further said: "I am sure HCL will fly high under Roshni who leads with purpose, passion and pride. Shiv Nadar is an Indian entrepreneur, billionaire industrialist founder of HCL Technologies, an innovative technology solutions company in India, headquartered in Noida, Uttar Pradesh. She will continue as CEO of HCL Corporation, the holding company for all the group entities. According to the latest Hurun Rich List, Roshni is India's richest woman with a net worth of Rs 36,800 crore. She has driven transformational efforts in the area of education as a trustee of the Shiv Nadar Foundation. Still HCL continued to underachieve in relation to its competitors through 2005. Roshni, who returned from the US in October 2008, has been involved with HCL before taking over as ED and CEO. Roshni is also an alumnus of the Forum of Young Global Leaders (YGL, 2014-19), a unique and diverse community of the world's most outstanding, next-generation leaders, an initiative of the World Economic Forum. Roshni Malhotra HCL CEO 2020. CHENNAI: Roshni Nadar, the daughter of business tycoon Shiv Nadar, has been appointed CEO of the HCL group s holding company, giving her potential power and control over a $5-billion group with marque customers such as Boeing and Airbus and an employee base of 60,000.Watch Copyright © 2020 The Statesman Limited. Vinita Gupta. Isheta Salgaocar. In 2007, Vineet Nayar was titled as the CEO of HCL Technologies and Nadar continues to be the Chairman of HCL Technologies and also its largest shareholder. Corporates Press Trust of India. HCL Technologies is all set to operate under new leadership with country’s wealthiest woman, Roshni Nadar Malhotra, being appointed as the company’s chairperson with immediate effect. 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