18 July 2020
Roshni Nadar-Malhotra replaced her father Shiv Nadar on Friday as the chairperson of the $9.9-billion HCL, the company that her father founded in 1976.
Nadar-Malhotra, 38, has become the first woman chairperson of an Indian IT services company. HCL is today the third largest in the industry, after TCS and Infosys, and has been among the fastest growing for many years now.
Nadar-Malhotra was the vice-chairperson of HCL Technologies before her elevation. She was ranked 54 on the 2019 Forbes World’s 100 Most Powerful Women list. In the same year, IIFL Wealth Hurun rankings estimated her wealth at Rs 36,800 crore. The promoter group owns 60% in HCL, which is valued at about Rs 1.7 lakh crore.
An alumnus of Kellogg Graduate School of Management, Nadar-Malhotra briefly worked with Sky News UK and CNN America as a news producer. At 27, she became a whole-time director and CEO of HCL Corporation, the holding company for HCL’s operating companies. She was responsible for treasury operations, brand building and social initiatives.
She is also a trustee of the Shiv Nadar Foundation and passionate about wildlife and conservation. In 2018, she set up The Habitats Trust, which works to protect natural habitats and indigenous species.
Shiv Nadar will continue to be the chief strategy officer of the IT company HCL Technologies. Nadar is also a major philanthropist, and has invested over $800 million through the Shiv Nadar Foundation, impacting over 30,000 students from poor backgrounds.
https://timesofindia.indiatimes.com/business/india-business/roshni-nadar-takes-over-from-father-at-hcl/articleshow/77028593.cms