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. Shiv Nadar (born 14 July 1945) is an Indian billionaire industrialist and philanthropist. The founder and Chairman of HCL technologies, Shiv Nadar has stepped down and his daughter Roshini Nadar Malhotra is set to take his place. The 38-year-old Roshni Nadar is the only daughter of HCL founder Shiv Nadar. Nadar is an alumnus of Northwestern University and the Kellogg School of Management. Nadar has also featured on lists including ‘The World’s 100 Most Powerful Women’ compiled by Forbes. She is married to Shikhar Malhotra, who is the executive director of HCL Corporation and the vice chairperson and CEO of HCL Healthcare. In fact, DWS is not the only major overseas investment since Roshni's elevation. 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. 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. She set up 'The Habitats' trust in 2018 to protect India's natural habitats and indigenous species. Her mother, Kiran, is an Indian art collector and founder of Kiran Nadar Museum of Art. Bigg Boss 14: Kashmera Shah wanted to marry someone else before meeting husband Krushna Abhishek, Bigg Boss 14: Eijaz Khan, Rakhi Sawant and Manu Punjabi display how they support the underprivileged, Bigg Boss 14: Eijaz Khan calls Rahul Vaidya 'fattu' for quitting, latter questions actor's manhood, Roshni Nadar Malhotra succeeds Shiv Nadar as HCL Chairman. Facebook Twitter LinkedIn Pinterest Reddit WhatsApp Telegram. Mr Nadar would continue to be MD of Company with designation as Chief Strategy Officer," the filing said. 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. Nadar-Malhotra is the daughter of 75 year old Shiv Nadar who founded HCL along with Ajai Chowdhry, Arjun Malhotra and five others. Shiv Nadar is an Indian entrepreneur, billionaire industrialist founder of HCL Technologies, an innovative technology solutions company in India, headquartered in Noida, Uttar Pradesh. 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. googletag.cmd.push(function () { googletag.display('div-gpt-ad-1494579592958-0'); }); Big fraud! 'My Daughter Did Something You Won’t Like': What Chief Guest Shiv Nadar Said at RSS Dussehra Function 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. 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. Roshni married Shikhar Malhotra in 2010. In 2019, she was ranked 54th on the Forbes World's 100 Most Powerful Women list. Time for some expert tips by Shahnaz Husain, Bigg Boss 14 HIGHLIGHTS: Nikki Tamboli confesses her feelings for Aly Goni; Vikas & Sonali enter. Nadar Malhotra, 38 and the only child of HCL’s founder, has paid her dues before this long-planned succession. 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. HCL Technologies has announced a dividend of Rs 2 per share. On a sequential basis, the topline was lower by 4 per cent from Rs 18,590 crore in the March quarter. Roshni Nadar Malhotra is also engaged in various humanitarian initiatives. Nadar will take over from her father, who has decided to step down, HCL Tech said in a stock-exchange filing on Friday. Originally a research and development division of HCL, it emerged as an independent company in 1991 when HCL entered into the software services business. 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. Know from Shahnaz Husain, Worried about your skin in winters? Shiv Nadar, an industrialist and philanthropist, is the founder and chairman of the multi billion firm HCL Enterprises. As per her bio on the HCL Tech website, Roshni is also passionate about wildlife and conservation. Also, she is the only daughter of Shiv Nadar; an Indian billionaire and founder of HCL Technologies Ltd. HCL Technologies announced its June quarter (Q1) results today. Within a year of her joining HCL, she was elevated as executive director and CEO of HCL Corporation. Roshni has been associated with work including brand building across the HCL Group. The couple's only daughter and the CEO of HCL Corp, Roshni, is expected to deliver early this year. 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. Roshni Nadar is an Indian MBA professional and chairperson of HCL Technologies. The 38-year-old succeeds her father Shiv Nadar. Roshni Nadar Malhotra is the new Chairman of HCL Technologies, the company announced in a regulatory filing on Friday. By: ABP News Bureau | 17 Jul 2020 01:36 PM (IST) Shiv Nadar steps down as Chairman of HCL Technologies. FIRST POSTER, Sunil Gavaskar claims R Ashwin, T Natarajan subject to 'different rules' within Team India. Roshni Nadar Malhotra will take over as the Chairperson of the HCL board of directors from July 17, 2020. In 1970, he founded HCL and transformed the IT hardware company into an IT enterprise. He is the founder and chairperson of The Shiv Nadar Foundation and HCL. Nadar Malhotra is the daughter of HCL founder Shiv Nadar, and took over the HCL Technologies chairperson’s role from him in July 2020. According to IIFL Wealth Hurun India Rich List (2019), Roshni Nadar is the richest woman in India. 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. COVID-19 Pandemic: Are children losing the voice of their own? 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. © 2009-2020 Independent News Service. 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Shiv Nadar is the Founder of HCL Enterprise, a $9.9 billion global organization with over 153,000 professionals operating from 50 countries. The new year is set to bring joy to HCL founder Shiv Nadar's household. 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. Their firstborn, Armaan, is over three years old. Shiv Nadar will continue to be the managing director of the company and will also hold the title of chief strategy officer. HCL has been one of the most prolific acquirers among India’s software services companies. 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… Business tycoon Shiv Nadar has stepped down as HCL Technologies Chairman, handing over the reins to his daughter Roshni Nadar Malhotra. She is also a chairperson of VidyaGyan Leadership Academy, a leadership academy for economically underprivileged. In 2019, she was ranked 54th on the Forbes World's 100 Most Powerful Women list. Roshni is also the Trustee of the Shiv Nadar Foundation, that is working towards nation building by driving transformational leadership through education. Indian industrialist and the founder of HCL Shiv Nadar stunned everybody at Vijaya Dashami event of the Rashtriya Swayamsevak Sangh (RSS) in Nagpur. Shiv Nadar, Founder, HCL Technologies. It has struck almost a dozen deals in India and overseas since 2015, according to VCCEdge, the data research arm of Mosaic Digital. Millions more US jobs at risk of being lost as coronavirus crisis deepens. 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. Roshni Nadar Malhotra succeeds Shiv Nadar as HCL Technologies Chairman. Parents : She is the only daughter of parents – Shiv (father) and Kiran Nadar (mother). Roshni is the only child of HCL's founder, Shiv Nadar. 15-05-2014. Last week, HCL founder and Chairperson Shiv Nadar handed over the reins of his empire to his daughter Roshni Nadar Malhotra. We are seeing a robust demand environment and a strong pipeline which gives us confidence in our growth trajectory going forward," he said. He added that the company had healthy bookings, enabled by 11 new transformational deal wins. 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. Its attrition for IT services (on last 12 month basis) was at 14.6 per cent. MIT magazine rates Aarogya app. 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. Recognized by Horasis, an internationally renowned think tank, as the Indian Business Leader of the Year 2019. Nadar's daughter, Roshni Nadar Malhotra, ... Roshni is the only child of HCL's founder, Shiv Nadar. She is responsible for all strategic decisions for the $8.9 billion IT … HCL founder Shiv Nadar’s daughter seeks healthcare fortune Bhuma Shrivastava. At the end of June 2020 quarter, HCL had 150,287 employees with a gross addition of 7,005 people. Ltd. 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Shares of HCL Technologies Ltd were trading 1.59% up at Rs 637.60 at the time of writing this report. 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. Tamil Nadu grants permission to hold Jallikattu event with certain restrictions, check SOPs, Sensex rallies 437 points; Nifty reclaims 13,600, Merry Christmas 2020: How to send Christmas stickers on WhatsApp, Opinion | A victory, both for democracy and the people of Kashmir, ISL 2020/21: Igor Angulo's brilliance hands FC Goa win against Jamshedpur, Dangal turns 4: Sanya Malhotra recalls fond memories of shooting with Fatima Sana Shaikh, Aamir Khan, Babar Azam's legal counsel accuses woman of blackmailing his client. 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. 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… She also is the driving force behind VidyaGyan, a leadership academy for the economically underprivileged, meritorious, rural students of Uttar Pradesh. 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. She is also a trustee of the Shiv Nadar Foundation and a founder-trustee of the wildlife conservation-focussed The Habitats Trust. She graduated with a Masters in Business Administration having a focus on Social Enterprise Management and Strategy from the Kellogg School of Management. 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. As Shiv Nadar will step down as the chairman, he will continue to be the Managing Director and Chief Strategy Officer of the company. All rights reserved. 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. 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. Transformational deal wins Nadar who founded HCL and transformed the IT hardware company into an IT Enterprise subject to rules! 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