The women on the 17th annual Forbes Power … Nadar-Malhotra is the daughter of 75 year old Shiv Nadar who founded HCL along with Ajai Chowdhry, Arjun Malhotra and five others. 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. C Vijayakumar (CVK or Vijay) is the President & Chief Executive Officer of 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 is the only child of HCL's founder, Shiv Nadar. According to IIFL Wealth Hurun India Rich List (2019), Roshni Nadar is the richest woman in India. 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. 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. Last year she was ranked by Forbes as the 54 th most powerful woman in the Forbes World's 100 Most Powerful Women list. In 1970, he founded HCL and transformed the IT hardware company into an IT enterprise. 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. HCL's Shiv Nadar has stepped down from his position as chairman of board of directors. Mr Vijayakumar had been elevated to the role of COO in July 2016. Roshni is also the executive director of HCL Enterprise and is the only child of Shiv Nadar. Earlier, she was the Executive Director and the CEO of HCL Enterprise. 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 has driven transformational efforts in the area of education as a trustee of the Shiv Nadar Foundation. Daughter of Adi Godrej. Updated: October 21, 2016 12:04 pm IST. Business tycoon Shiv Nadar has stepped down as HCL Technologies Chairman, handing over the reins to his daughter Roshni Nadar Malhotra. 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. HCL Technologies CEO C Vijayakumar said this was part of the company's succession planning exercise. Roshni has a Masters degree in Business Administration from Kellogg School of Management, USA, with a focus on Social Enterprise Management and Strategy. German Chancellor Angela Merkel topped the list for the 10th year in a row. https://yourstory.com/2020/07/roshni-nadar-becomes-hcl-tech-chairperson 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, the daughter of HCL founder Shiv Nadar, has been appointed the new Executive Director and CEO of the leading IT Company HCL Corporation, having stakes in HCL Infosystems and HCL Technologies. Isheta Salgaocar. 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. 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. 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. Shiv Nadar Steps Down As Chairman Of HCL Technologies; Daughter Roshini Nadar To Take His Place ... Before this, she was the Executive Director and the CEO of the company. Roshni studied at Vasant Valley School, Delhi and graduated in communication with a focus in radio/TV/film from Northwestern University, Evanston, Illinois. Roshni Nadar Malhotra will take over as the Chairperson of the HCL board of directors from July 17, 2020. Daughter of Desh Bandhu Gupta, founder of the flagship company. Founded by Gurudev Rabindranath Tagore in 1921, Visva-Bharati is also the oldest Central University in the country. 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. On Friday, HCL chairman Shiv Nadar resigned from his post. Roshni, who returned from the US in October 2008, has been involved with HCL before taking over as ED and CEO. As per IIFL Wealth Hurun (2019) rankings, Roshni’s wealth is at Rs 36,800 crore. According to the latest Hurun Rich List, Roshni is India's richest woman with a net worth of Rs 36,800 crore. “I wish him the best as he begins a new innings," Nayar said. Roshni, also a trained classical musician, came on the board of HCL Technologies in 2013 and was vice chairperson. 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. 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. The 38-year-old succeeds her father … Executive Director and the CEO of HCL Corporation. Executive Director and the CEO of HCL Corporation. In 2019, Roshini was ranked at 54th position on the Forbes’ World’s 100 Most Powerful Women list. Shiv Nadar, however, would continue to be the managing director of the company with designation as chief strategy officer, the company said in a statement. e9.size = "300x250,300x600,160x600"; She will continue as CEO of HCL Corporation, the holding company for all the group entities. Roshni Nadar Malhotra is the executive director and CEO of HCL Corporation, vice chairperson of the board of HCL Technologies and a … Nadar has also featured on lists including ‘The World’s 100 Most Powerful Women’ compiled by Forbes. Shiv Nadar will be stepping down from the position of the Chairman but will retain the position of company’s managing director. 4 Shares . By 2004, the number of entities in HCL was consolidated from five to two - HCL Technologies and HCL Infosystems. HCL released the June quarter results on Friday. Prateek Aggarwal is the Chief Financial Officer at HCL Technologies. The 38-year-old was ranked 54th on the Forbes' World's 100 Most Powerful Women list in 2019. CEO of Lupin Pharmaceuticals Inc. 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. The appointment of non-executive director Roshni Nadar Malhotra to the […] According to the company website, Shiv Nadar is the chairman of the $9.9 billion HCL Corp. HCL group includes HCL Technologies, HCL Infosystem, and HCL Healthcare. The 38-year-old has been the executive director and CEO of HCL Enterprise and a trustee of Shiv Nadar Foundation. All rights reserved. According to IIFL Wealth Hurun India Rich List (2019), Roshni Nadar is the richest woman in India. Vinita Gupta. 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. 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. The 38-year-old was ranked 54th on the Forbes' World's 100 Most Powerful Women list in 2019. 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. In 2013, she was inducted as an additional director on the company’s board. She is also considered one of the wealthiest women in the country. HCL Technologies is all set to operate under new leadership with country’s wealthiest woman, Roshni Nadar Malhotra, being appointed as the … The 38-year-old has been the executive director and CEO of HCL Enterprise and a trustee of Shiv Nadar Foundation. 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. Roshni Nadar Malhotra is the executive director and CEO of HCL Corporation, vice chairperson of the board of HCL Technologies and a trustee of the Shiv Nadar Foundation. 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. Corporates Press Trust of India. HCL Technologies CEO Quits, C Vijayakumar To Succeed . 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. Still HCL continued to underachieve in relation to its competitors through 2005. 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. Nadar will also be appointed as company’s chief strategy officer as he will continue to oversee strategic direction of the firm. 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. HCL Technologies, Co-founder Shiv Nadar has stepped down from the position of the Chairman of the Board of directors. C Vijayakumar (CVK or Vijay) is the president and chief executive officer of Roshni married Shikhar Malhotra, vice chairman of HCL Healthcare, in 2010 and the couple has two sons -- Armaan and Jahaan. Read: HCL Tech shares gain on better-than-expected profit in Q1. In 2019, she ranked 54th on the Forbes World's 100 Most Powerful Women list. "He (Shiv) is an institution in himself who has built many other great institutions which is so fascinating to watch and applaud. Nayar further said: "I am sure HCL will fly high under Roshni who leads with purpose, passion and pride. Industry body Nasscom tweeted a congratulatory message to Roshni. She joined HCL, the fifth largest IT Company in … Nadar will take over from her father, who has decided to step down, HCL Tech said in a … “We are living in unprecedented times where organizations and people across geographies are dealing with challenges related to the pandemic. He is the founder and chairman of HCL and the Shiv Nadar Foundation. She is responsible for all strategic decisions for the $8.9 billion IT major. Nadar’s daughter, believed to be India’s wealthiest woman will now be the new chairperson of HCL Technologies. HCL Technologies, Co-founder Shiv Nadar has stepped down from the position of the Chairman of the Board of directors. Nadar-Malhotra is the daughter of 75 year old Shiv Nadar who founded HCL along with Ajai Chowdhry, Arjun Malhotra and five others. HCL CEO C Vijayakumar said that there will be no change in the company's strategy with this change. 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 He is the founder and chairperson of The Shiv Nadar Foundation and HCL. Shiv Nadar is an Indian billionaire industrialist and philanthropist. A trained classical musician, she has graduated from Northwestern University with degree in radio, television and film. She is also an alumnus of the World Economic Forum’s ‘Forum of Young Global Leaders initiative’. Shiv Nadar, will, … “We are sure HCL will achieve even greater heights in the future under your leadership," it said. Roshni has received several honours and accolades in recognition of her work both in business and in philanthropy. 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. //-->. Former HCL Technologies CEO Vineet Nayar, who is a close friend of the Nadar family, described Shiv Nadar as his mentor. Roshni, who returned from the US in October 2008, has been involved with HCL before taking over as ED and CEO. 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 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. Prateek Aggarwal is the Chief Financial Officer at HCL Technologies. She is married to Shikhar Malhotra, who is the executive director of HCL Corporation and the vice chairperson and CEO of HCL Healthcare. 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. The 31-year-old also has a MBA in social enterprise management and strategy from Kellogg School of Management. Roshni, also a trained classical musician, came on the board of HCL Technologies in 2013 and was vice chairperson. There is only one of his kind that is why I call him the Shahenshah of the tech world. Read: HCL Tech shares gain on better-than-expected profit in Q1. It aims to protect the indigenous species and their natural habitats. She is also considered one of the wealthiest women in the country. 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. Dhirubhai Ambani's granddaughter; daughter of Dipti and Raj Salgaocar. Mazumdar-Shaw is the founder of India’s largest listed biopharmaceutical firm Biocon. 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. Writer/Author. “We are living in unprecedented times where organizations and people across geographies are dealing with challenges related to the pandemic. (Photo: Getty). Mr. Shiv Nadar would continue to be the Managing Director of the Company with the designation as the Chief Strategy Officer of the Company,” company’s release said. 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. Copyright © 2020 The Statesman Limited. Roshni, an MBA from the Kellogg Graduate School of Management, joined the company in April. On Friday, HCL Technologies announced that its founder and chairman Shiv Nadar … Writer/Author. HCL Technologies stated today that chairman Shiv Nadar would be stepping down and his daughter Roshni Nadar Malhotra would succeed him. e9 = new Object(); Roshni became the CEO of HCL at the age of 28. NEW YORK/NEW DELHI: India's First Finance Minister Nirmala Sitharaman, Biocon Founder Kiran Mazumdar-Shaw, HCL Enterprise CEO Roshni Nadar Malhotra and Landmark Group Chairperson Renuka Jagtiani have been named among the world's 100 most powerful women by Forbes. She will continue as CEO of HCL Corporation, the holding company for all the group entities. 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. Excited to see another #WomanInTech take charge at the workplace! “We are living in unprecedented times where organizations and people across geographies are dealing with challenges related to the pandemic. Shiv Nadar Steps Down as CEO of HCL, Daughter Roshni Nadar Malhotra to take over. Parents : She is the only daughter of parents – Shiv (father) and Kiran Nadar (mother). She will continue as CEO of HCL Corporation, the holding company for all the group entities. She featured in 'The World's 100 Most Powerful Women' list compiled and released by Forbes in 2017, 2018, and 2019, consecutively. She will continue as CEO of HCL Corporation, the holding company for all the group entities. She also pursued MBA from Kellogg School of Management.