Shiv Nadar steps down as HCL chairman, daughter Roshni takes charge

Her father Shiv Nadar quits as chairman

New Delhi, July 17: The country’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.

Roshni, also a trained classical musician, came on the board of HCL Technologies in 2013 and was vice-chairperson. She will continue as CEO of HCL Corporation, the holding company for all the group entities.

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. Shiv Nadar, however, would continue to be the Managing

HCL Technologies chairperson Roshni Nadar with her father Shiv Nadar

Director of the company with designation as Chief Strategy Officer, the company said in a statement.

HCL Technologies CEO C. Vijayakumar said this was part of the company’s succession planning exercise.

Roshni studied at Vasant Valley School, Delhi and graduated in communication with a focus in radio/TV/film from Northwestern University,

Evanston, Illinois. also pursued MBA Kellogg School Management.

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. Roshni married Shikhar Malhotra, vicechairman of HCL Healthcare, in 2010 and the couple has two sons — Armaan and Jahaan.

According to the latest Hurun Rich List, Roshni is India’s richest woman with a net worth of `36,800 crore. In 2019, she ranked 54th on the Forbes World’s 100 Most Powerful Women list.

A passionate environmentalist, Roshni established The Habitats Trust in 2018 that works towards protecting India’s natural habitats and its indigenous species.

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