Indian multinational technology company, HCL Technologies recently announced that company Chairperson Shiv Nadar has stepped down from his office. He will now be succeeded by his only child, Roshni Nadar Malhotra.
Nadar Malhotra, 38, a Non-Executive Director and Vice-Chairman of HCL Technologies, has taken over as chairperson from 17 July, as her 75-year-old father stepped down from the position. She will now become the first woman to head an Indian publicly traded software firm.
Company founder Shiv Nadar, who along with six others set up the company in 1976, will continue to serve as Managing Director with the designation of Chief Strategy Officer of HCL Technologies.
This is part of the succession planning at the IT firm and there will be no change in strategy, C. Vijayakumar, president and CEO, HCL Tech, said in a post-earnings call on Friday.
HCL Tech, HCL Infosystems and HCL Healthcare are part of the $9.9 billion HCL Corp. Nadar Malhotra was appointed CEO and executive director of HCL Corp. in 2013 and offered strategic guidance to the organization.
She was ranked 54th on the Forbes list of the world’s 100 most powerful women in 2019 and is the richest woman in India, according to IIFL Wealth Hurun India Rich List of 2019.
She has an undergraduate degree in radio, television and film from Northwestern University in the US, and later pursued post-graduation in business administration from the Kellogg School of Management.
A trained classical dancer, she is married to Shikhar Malhotra, vice chairman of HCL Healthcare. The couple has two sons, Armaan and Jahaan.
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