Roshni Nadar Malhotra, the daughter of HCL founder Shiv Nadar, is one of the most influential businesswomen in India. After receiving 47% of her father¡¯s stake in HCL Corporation and Vama Delhi, she has become India¡¯s richest woman and the third-richest person overall. This transfer was part of a structured succession plan within the Nadar family to ensure the stability and leadership of HCL.
Before this transfer, Shiv Nadar owned 51% of HCL Corporation and Vama Delhi. The stake was transferred through a private family agreement, ensuring continued family control over HCL. An official filing confirmed that? "Gift Deeds have been executed pursuant to a private family arrangement intended to streamline succession, which would ensure continuity of ownership and control by Mr Shiv Nadar Family (promoter family) and would provide desired stability to the company."
With this stake transfer, Roshni Nadar Malhotra¡¯s wealth has significantly increased. According to the Bloomberg Billionaires ¨C India list, Mukesh Ambani remains India¡¯s richest person with $88.1 billion, followed by Gautam Adani with $68.9 billion. Roshni now ranks third, making history as India¡¯s richest woman. Vama Delhi currently holds 44.71% of HCLTech, which is valued at around Rs 186,782 crore.
Born in 1982 in New Delhi, Roshni Nadar Malhotra is the only child of Shiv Nadar and Kiran Nadar. She completed her schooling at Vasant Valley School and later pursued a degree in Communications with a focus on radio, television, and film at Northwestern University in the United States. She furthered her education with an MBA from Kellogg School of Management, specialising in social enterprise management and strategy.
Her professional affiliations include membership on the Dean¡¯s Advisory Council at MIT School of Engineering, the Executive Board of the Kellogg School of Management in Asia, and a directorial role at The Nature Conservancy (TNC). She is also an independent director at HDFC Asset Management Company.
Roshni Nadar Malhotra is married to Shikhar Malhotra, the Vice Chairman of HCL Healthcare. Despite her corporate responsibilities, she is a trained classical musician. The couple has two sons, Armaan and Jahaan. She upholds the values of responsibility and accountability that her parents instilled in her.
HCL, founded in 1976, has been a major player in shaping India¡¯s IT industry. Now, as the chairperson of HCLTech, Roshni Nadar Malhotra is expected to lead the company into a new era of growth and innovation. With the stake transfer, she now holds majority control over HCL Corporation and Vama Delhi, which are the main promoter entities of HCLTech and HCL Infosystems.
This also grants her voting rights over HCL Corporation¡¯s 49.94% stake in HCL Infosystems and Vama Delhi¡¯s 12.94% stake in the company. Her leadership will be crucial in shaping HCL¡¯s global future while continuing the philanthropic efforts started by her family.
Shiv Nadar, a Padma Bhushan awardee, is widely recognised for his impact on India¡¯s IT sector. His wife, Kiran Nadar, is a renowned art collector and philanthropist, and she founded the Kiran Nadar Museum of Art. She is also a skilled contract bridge player, having won a bronze medal at the 2018 Asian Games.
Roshni Nadar Malhotra took over as HCL Technologies¡¯ Chairperson in July 2020, following her father¡¯s transition. She also oversees the Shiv Nadar Foundation, which focuses on education and social development. Her leadership is expected to bring new opportunities for HCL, ensuring its continuous success in the global IT sector.
Roshni Nadar Malhotra¡¯s journey from a media and communications graduate to the richest woman in India is an inspiring story of leadership and succession. As she takes HCL forward, she carries her family¡¯s legacy of business excellence and philanthropy. With her strong business acumen and commitment to social impact, she is set to shape the future of HCL and strengthen her position among India¡¯s most influential business leaders.
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