Roshni Nadar becomes HCL Tech Chairperson; first woman to chair listed Indian IT firm 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. The company was initially set up in 1976. The couple's only daughter and the CEO of HCL Corp, Roshni, is expected to deliver early this year. He is also the Chief Strategy Officer of HCL Technologies, a group company and India’s third largest IT services organization. Mumbai: Roshni Nadar Malhotra, the daughter of Indian billionaire Shiv Nadar, is stepping out of her father’s shadow to make a foray into healthcare. Also, she is the only daughter of Shiv Nadar; an Indian billionaire and founder of HCL Technologies Ltd. Roshni Nadar Malhotra is the new Chairman of HCL Technologies, the company announced in a regulatory filing on Friday. Nadar's daughter, Roshni Nadar Malhotra, ... Roshni is the only child of HCL's founder, Shiv Nadar. HCL Technologies expects its revenue to increase quarter-on-quarter by an average of 1.5 - 2.5 per cent in constant currency for the next three quarters, it added. 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In fact, DWS is not the only major overseas investment since Roshni's elevation. The 38-year-old Roshni Nadar is the only daughter of HCL founder Shiv Nadar. Shiv Nadar is the Founder of HCL Enterprise, a $9.9 billion global organization with over 153,000 professionals operating from 50 countries. Along with the earnings, the IT major also announced that its founder and chairman Shiv Nadar has stepped down from the role and the company’s Board of Directors has appointed his daughter Roshni Nadar Malhotra as the new chairperson with immediate effect. HCL Technologies has announced a dividend of Rs 2 per share. According to IIFL Wealth Hurun India Rich List (2019), Roshni Nadar is the richest woman in India. It reported consolidated net sales of Rs 70,676 crore for the financial year ended March 2020 and posted profit-after-tax figures of Rs 11,057 crore for the same period. Nadar will take over from her father, who has decided to step down, HCL Tech said in a stock-exchange filing on Friday. Featured in Forbes' - The World's 100 Most Powerful Women- list in 2017, 2018, and 2019. 'My Daughter Did Something You Won’t Like': What Chief Guest Shiv Nadar Said at RSS Dussehra Function 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. Roshni is the only child of HCL's founder, Shiv Nadar. At the end of June 2020 quarter, HCL had 150,287 employees with a gross addition of 7,005 people. Mr Nadar would continue to be MD of Company with designation as Chief Strategy Officer," the filing said. 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 Nadar is also a trained classical musician and is the Chairperson of HCL Technologies. In constant currency terms, HCL Tech's revenue in June 2020 quarter grew 1 per cent year-on-year, the filing said. LUCKNOW, UTTAR PRADESH, 07/11/2017:HCL SAMUDAY-SHIV ROSHNI NADAR:: HCL founder, Shiv Nadar with daughter Roshni Nadar Malhotra, CEO, HCL Corporation and Chairman, CSR Committee HCL Technologiies Board, at a function to felicitate the achievers in different fields aided by HCL Samuday in the villages of state, in Lucknow on Tuesday. Roshni Nadar Malhotra will take over as the Chairperson of the HCL board of directors from July 17, 2020. By: ABP News Bureau | 17 Jul 2020 01:36 PM (IST) Shiv Nadar steps down as Chairman of HCL Technologies. Earlier, she was the Executive Director and the CEO of HCL Enterprise. HCL Technologies' founder Shiv Nadar's only daughter, Roshni Nadar Malhotra, is the richest woman in India On July 17, 2020, Roshni Nadar took over from her Globe Icon An icon of the world globe. FIRST POSTER, Sunil Gavaskar claims R Ashwin, T Natarajan subject to 'different rules' within Team India. Direct link to apply, Class 10, 12 board exams to be held in June in THIS state, Regular classes for Karnataka SSLC, PUC 2nd year students from January 1, Anupamaa actress Madalsa Sharma's fiery photos will leave your jaws dropped. Recognized by Horasis, an internationally renowned think tank, as the Indian Business Leader of the Year 2019. 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. Shiv Nadar (born 14 July 1945) is an Indian billionaire industrialist and philanthropist. Addressing the Vijayadashmi function of the Rashtriya Swayamsevak Sangh in Nagpur, the HCL founder-chairman urged the private sector, citizens and NGOs to come forward to resolve challenges. 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. She is married to Shikhar Malhotra, who is the executive director of HCL Corporation and the vice chairperson and CEO of HCL Healthcare. Lewis Institute Community Changemaker Award by Babson College in 2017. Check out, Happy Birthday Karishma Tanna: An epitome of grace and glam, check pics, Happy Birthday Taimur Ali Khan: 10 pictures of our little nawab that will melt your heart, Insta Trending: Manushi Chhillar solo cruising in Maldives to Ranveer Singh's success mantra IN PICS, Monalisa breaks the internet with her viral photos in Bengali look, New Coronavirus strain in UK: Should you worry? Shiv Nadar will continue to be the managing director of the company and will also hold the title of chief strategy officer. Parents : She is the only daughter of parents – Shiv (father) and Kiran Nadar (mother). He added that the company had healthy bookings, enabled by 11 new transformational deal wins. Shares of HCL Technologies Ltd were trading 1.59% up at Rs 637.60 at the time of writing this report. HCL has been one of the most prolific acquirers among India’s software services companies. googletag.cmd.push(function () { googletag.display('div-gpt-ad-1494579592958-0'); }); Big fraud! Ltd in September last year, the US-based Strong-Bridge Envision in March, and some of the software businesses from IBM Corp for $1.8 billion in December 2018. Their firstborn, Armaan, is over three years old. He is the founder and chairperson of The Shiv Nadar Foundation and HCL. Nadar's daughter, Roshni Nadar Malhotra, will succeed him with immediate effect. All rights reserved. Time for some expert tips by Shahnaz Husain, Bigg Boss 14 HIGHLIGHTS: Nikki Tamboli confesses her feelings for Aly Goni; Vikas & Sonali enter. HCL founder Shiv Nadar’s daughter seeks healthcare fortune Bhuma Shrivastava. HCL technologies on Friday posted 31.7 per cent 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. Roshni has been associated with work including brand building across the HCL Group. Roshni has been working toward nurturing future leaders from rural India who can act as catalysts of change for their communities, villages, and the nation at large. 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. Her mother, Kiran, is an Indian art collector and founder of Kiran Nadar Museum of Art. The Foundation aims to work toward protecting India’s natural habitats and its indigenous species with the core mission of creating and conserving sustainable ecosystems through strategic partnerships and collaborations with all stakeholders, at every level. On a sequential basis, the topline was lower by 4 per cent from Rs 18,590 crore in the March quarter. Nadar is an alumnus of Northwestern University and the Kellogg School of Management. Roshni is also the Trustee of the Shiv Nadar Foundation, that is working towards nation building by driving transformational leadership through education. According to her profile on HCL Tech’s website, she is also an alumnus of the Forum of Young Global Leaders, which is an initiative of the World Economic Forum. We are seeing a robust demand environment and a strong pipeline which gives us confidence in our growth trajectory going forward," he said. Property of Mosaic Media Ventures Pvt. Last week, HCL founder and Chairperson Shiv Nadar handed over the reins of his empire to his daughter Roshni Nadar Malhotra. 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… Nadar-Malhotra is the daughter of 75 year old Shiv Nadar who founded HCL along with Ajai Chowdhry, Arjun Malhotra and five others. She is also a trustee of the Shiv Nadar Foundation and a founder-trustee of the wildlife conservation-focussed The Habitats Trust. Nadar has also featured on lists including ‘The World’s 100 Most Powerful Women’ compiled by Forbes. Nadar will take over from her father, who has decided to step down, HCL Tech said in a stock-exchange filing on Friday. Roshni Nadar is an Indian MBA professional and chairperson of HCL Technologies. Roshni Nadar Malhotra succeeds Shiv Nadar as HCL Technologies Chairman. She set up 'The Habitats' trust in 2018 to protect India's natural habitats and indigenous species. Shiv Nadar is an Indian entrepreneur, billionaire industrialist founder of HCL Technologies, an innovative technology solutions company in India, headquartered in Noida, Uttar Pradesh. Ltd. 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The new year is set to bring joy to HCL founder Shiv Nadar's household. Within a year of her joining HCL, she was elevated as executive director and CEO of HCL Corporation. He is the founder and chairman of HCL Technologies Limited and the Shiv Nadar Foundation. I am happy to report that the resilience of our operating model helped us deliver stellar operating margins and cashflows," HCL Technologies President and CEO C Vijayakumar said. “We are living in unprecedented times where organizations and people across geographies are dealing with challenges related to the pandemic. In 1970, he founded HCL and transformed the IT hardware company into an IT enterprise. Know from Shahnaz Husain, Worried about your skin in winters? 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Nadar made an effort to tie up together HCL with acquisitions in 2001. Interestingly, Roshni Nadar Malhotra’s appointment comes a little over a year after HCL Tech peer Wipro Ltd appointed Azim Premji’s son, Rishad Premji, to replace him as company chairperson. She also is the driving force behind VidyaGyan, a leadership academy for the economically underprivileged, meritorious, rural students of Uttar Pradesh. COVID-19 Pandemic: Are children losing the voice of their own? As Shiv Nadar will step down as the chairman, he will continue to be the Managing Director and Chief Strategy Officer of the company. She is responsible for all strategic decisions for the $8.9 billion IT … It has struck almost a dozen deals in India and overseas since 2015, according to VCCEdge, the data research arm of Mosaic Digital. © 2009-2020 Independent News Service. Roshni is an alumni of Northwestern University majoring in Communication with a focus on Radio/TV/Film. 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. Copyright © 2020 VCCircle.com. 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. Since founder Shiv Nadar stepped down in favour of his daughter Roshni Nadar Malhotra two months ago, HCL has been on a roll, with a series of expansions, tie-ups and buyouts, resulting in its share prices clambering on a steady upward trajectory. Daughter of HCL founder Shiv Nadar, 38-year-old Roshni Nadar Malhotra has been appointed as chairperson of India's third-largest software exporter HCL Technologies. All you need to know, Knee replacement surgery: Delaying treatment can be detrimental to your joint, Six feet distancing not enough to stop coronavirus transmission in closed spaces: Study, How the humble kadha became 'King of Corona Times', Natural antioxidants to help build resistance against air pollution, Horoscope Today, December 23: Pending work of Sagittarius people to get complete, know about others, Kisan Diwas 2020:Wishes, quotes, HD Pics, WhatsApp, Facebook status to share on National Farmers Day, What to eat and avoid in winters? The founder and Chairman of HCL technologies, Shiv Nadar has stepped down and his daughter Roshini Nadar Malhotra is set to take his place. Bigg Boss 14: What makes Rakhi Sawant perfect for the show? In 2019, she was ranked 54th on the Forbes World's 100 Most Powerful Women list. Nadar and wife Kiran will be grandparents for the second time. HCL Technologies Limited, is an Indian multinational information technology (IT) services and consulting company headquartered in Noida, Uttar Pradesh, India.It is a subsidiary of HCL Enterprise. "... Shiv Nadar, who expressed his desire to step down from the position of Chairman. Roshni married Shikhar Malhotra in 2010. HCL technologies were made public by Nadar in 1999, at the time of Initial Public Offering, HCL was the second largest IT company .With emergence of the Internet in 2000, HCL was left behind by its competitors because of their first crack in the Enterprise application services. 15-05-2014. "We also renewed several large deals during the quarter. 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 … ‘My daughter did something you won’t like’: HCL founder Shiv Nadar reveals at RSS headquarters. Shiv Nadar, an industrialist and philanthropist, is the founder and chairman of the multi billion firm HCL Enterprises. Some of these acquisitions include advanced technology design services provider Sankalp Semiconductor Pvt. HCL Technologies on Friday announced that its co-founder Shiv Nadar has stepped down as the Chairman of the board of directors and will be succeeded by daughter Roshni Nadar Malhotra with immediate effect. Originally a research and development division of HCL, it emerged as an independent company in 1991 when HCL entered into the software services business. Millions more US jobs at risk of being lost as coronavirus crisis deepens. Oct 8, 2019, 10:23 pm IST. Earlier in July this year, HCL founder and Chairperson Shiv Nadar handed over the reins of his empire to his daughter Roshni. Nadar Malhotra is the daughter of HCL founder Shiv Nadar, and took over the HCL Technologies chairperson’s role from him in July 2020. She is also a chairperson of VidyaGyan Leadership Academy, a leadership academy for economically underprivileged. She graduated with a Masters in Business Administration having a focus on Social Enterprise Management and Strategy from the Kellogg School of Management. Indian industrialist and the founder of HCL Shiv Nadar stunned everybody at Vijaya Dashami event of the Rashtriya Swayamsevak Sangh (RSS) in Nagpur. As per her bio on the HCL Tech website, Roshni is also passionate about wildlife and conservation. HCL Technologies announced its June quarter (Q1) results today. Facebook Twitter LinkedIn Pinterest Reddit WhatsApp Telegram. Its attrition for IT services (on last 12 month basis) was at 14.6 per cent. Roshni Nadar Malhotra has also taken over as the Chairperson on the Board of HCL Technologies, a leading global technology organization with a market capitalization of $20.5 billion. Roshni Nadar Malhotra is also engaged in various humanitarian initiatives. Co-Founder of HCL Technologies, Shiv Nadar has stepped down from the role of the Chairman of the Board of Directors (BoD) and the role will now be fulfilled by his daughter Roshni Nadar Malhotra who has held the position of a non-executive director in the past. The 38-year-old succeeds her father Shiv Nadar. Roshni Nadar was so far serving as the executive director and chief executive officer of HCL Corporation, as well as the vice-chairperson of HCL Technologies. "The adverse conditions during this quarter had an anticipated negative impact on our revenue. Roshni established The Habitats Trust in 2018. Nadar Malhotra, 38 and the only child of HCL’s founder, has paid her dues before this long-planned succession. Roshni Nadar before joining HCL, worked employed in various companies as a producer. Business tycoon Shiv Nadar has stepped down as HCL Technologies Chairman, handing over the reins to his daughter Roshni Nadar Malhotra. Its revenue grew 8.6 per cent to Rs 17,841 crore in the quarter under review, from Rs 16,425 crore in the corresponding quarter last year. 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… In 2019, she was ranked 54th on the Forbes World's 100 Most Powerful Women list. 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